Household Final Consumption Expenditure (USD) rose 20.4% to USD 12,314 bil in Iceland in 2017

Household Final Consumption Expenditure (USD) (USD bil)
Economy | Iceland | May 17, 2019
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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
Belgium USD bil 272,562 258,491 271,370 274,300 232,928
Denmark USD bil 164,825 157,169 163,870 166,475 142,594
Finland USD bil 147,036 140,189 147,747 150,763 128,563
France USD bil 1,573,273 1,468,559 1,535,852 1,549,003 1,317,760
Germany USD bil 2,078,991 1,976,155 2,075,922 2,115,003 1,808,763
Iceland USD bil 7,906 7,910 8,469 9,363 8,691
Ireland USD bil 110,170 102,282 107,374 110,972 96,429
Netherlands USD bil 412,618 381,819 398,908 403,651 344,716
Norway USD bil 200,719 202,219 210,111 204,450 167,869
Russia USD bil 1,026,632 1,126,460 1,216,267 1,102,285 716,446
Sweden USD bil 260,704 253,140 270,082 264,719 223,964
United Kingdom USD bil 1,708,595 1,746,992 1,801,513 1,972,273 1,887,540