* indicates monthly or quarterly data series
Iceland: Household consumption, billion USD: For that indicator, The World Bank provides data for Iceland from 1970 to 2017. The average value for Iceland during that period was 4.62 billion U.S. dollars with a minumum of 0.32 billion U.S. dollars in 1970 and a maximum of 12.05 billion U.S. dollars in 2017. See the global rankings for that indicator or use the country comparator to compare trends over time.
Definition: Household final consumption expenditure (formerly private consumption) is the market value of all goods and services, including durable products (such as cars, washing machines, and home computers), purchased by households. It excludes purchases of dwellings but includes imputed rent for owner-occupied dwellings. It also includes payments and fees to governments to obtain permits and licenses. Here, household consumption expenditure includes the expenditures of nonprofit institutions serving households, even when reported separately by the country. Data are in current U.S. dollars.