Household final consumption expenditure reached 12,314 USD bil in 2017 in Iceland, according to the National Statistical Office. This is 20.4 % more than in the previous year.
Historically, household final consumption expenditure in Iceland reached an all time high of 12,314 USD bil in 2017 and an all time low of 316 USD bil in 1970. When compared to Iceland's main peers, household final consumption expenditure in Denmark amounted to 154,048 USD bil, 177,928 USD bil in Norway, 238,747 USD bil in Sweden and 1,733,546 USD bil in United Kingdom in 2017.
Iceland has been ranked 109th within the group of 159 countries we follow in terms of household final consumption expenditure, 10 places behind the position seen 10 years ago.
This represents consumer spending on domestic territory and expenditure by resident households abroad (outbound tourists), but excludes any non-resident households' expenditure on domestic territory (inbound tourists).
|Household Final Consumption Expenditure (USD)||Unit||2009||2010||2011||2012||2013||2014||2015||2016||2017|
|United Kingdom||USD bil||1,708,595||1,746,992||1,801,513||1,972,273||1,887,540|