Iceland — Government consumption
millions of LCU · Annual · 1950–2026 · 77 observations
About this series
Government final consumption expenditure is government spending on goods and services used to meet individual or collective needs, such as health, education, public order and defence. It is part of GDP and does not represent all government expenditure.
Iceland's government consumption reading was 1.22T LCU in 2025. The period change from 1.17T LCU in 2024 was +4.79%. The latest reading was above the selected 10-year average of 882.25B LCU. The corresponding ratio to GDP was 25.4% in 2025.
Get the full series
- Annual data, 1950–2026
- Quarterly data, 1960–2026
- All 6 sources, downloadable
Latest observations
2011–2026
| Period | Value |
|---|---|
| 2026 | 1.28T LCU |
| 2025 | 1.22T LCU |
| 2024 | 1.17T LCU |
| 2023 | 1.08T LCU |
| 2022 | 996.62B LCU |
11 earlier values, back to 2011
| 2021 | 896.58B LCU |
| 2020 | 822.23B LCU |
| 2019 | 744.04B LCU |
| 2018 | 686.76B LCU |
| 2017 | 625.54B LCU |
| 2016 | 578.02B LCU |
| 2015 | 541.37B LCU |
| 2014 | 503.31B LCU |
| 2013 | 479.73B LCU |
| 2012 | 456.79B LCU |
| 2011 | 439.06B LCU |