Household final consumption expenditure rose 18.2% to USD 13,183 bil in Iceland in 2021, according to the National Statistical Office.
Historically, household final consumption expenditure in Iceland reached an all time high of USD 13,204 bil in 2018 and an all time low of USD 316 bil in 1970. When compared to Iceland's main peers, household final consumption expenditure in Denmark amounted to USD 181,621 bil, USD 188,129 bil in Norway, USD 279,070 bil in Sweden and USD 1,892,689 bil in United Kingdom in 2021.
Iceland has been ranked 107th within the group of 150 countries we follow in terms of household final consumption expenditure, 21 places above the position seen 10 years ago.
| Household Final Consumption Expenditure (USD) | Unit | 2001 | 2002 | 2003 | 2004 | 2005 | 2006 | 2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 | 2014 | 2015 | 2016 | 2017 | 2018 | 2019 | 2020 | 2021 |
| Belgium | USD bil | 237,358 | 244,180 | 258,784 | 281,310 | 275,058 | ||||||||||||||||
| Denmark | USD bil | 142,594 | 146,140 | 153,970 | 167,647 | 162,679 | ||||||||||||||||
| Finland | USD bil | 127,754 | 130,815 | 135,902 | 146,363 | 141,144 | ||||||||||||||||
| France | USD bil | 1,318,290 | 1,341,912 | 1,400,976 | 1,503,817 | 1,462,925 | ||||||||||||||||
| Germany | USD bil | 1,778,515 | 1,830,503 | 1,923,243 | 2,070,674 | 2,021,170 | ||||||||||||||||
| Iceland | USD bil | 8,703 | 10,245 | 12,388 | 13,204 | 12,393 | ||||||||||||||||
| Ireland | USD bil | 96,164 | 100,962 | 106,981 | 118,102 | 116,837 | ||||||||||||||||
| Netherlands | USD bil | 344,854 | 349,827 | 369,701 | 403,367 | 395,787 | ||||||||||||||||
| Norway | USD bil | 167,937 | 168,026 | 177,915 | 187,750 | 179,441 | ||||||||||||||||
| Russia | USD bil | 718,279 | 679,861 | 832,298 | 834,729 | 873,630 | ||||||||||||||||
| Sweden | USD bil | 232,567 | 236,463 | 247,344 | 253,828 | 239,917 | ||||||||||||||||
| United Kingdom | USD bil | 1,889,513 | 1,751,624 | 1,730,658 | 1,869,751 | 1,838,088 |
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