Spending by a country’s residents while travelling abroad, per unit in Iceland
Iceland: Spending by a country’s residents while travelling abroad, per unit was 0.0528 current US$ per US$ of GDP in 2024. ▼ Falling
Spending by a country’s residents while travelling abroad, per unit in Iceland, 1996–2024
Source: Statizoid (derived). Measured in current US$ per US$ of GDP.
Analysis
Iceland recorded 0.0528 current US$ per US$ of GDP for spending by a country’s residents while travelling abroad, per unit in 2024.
Compared with earlier readings it is up 2.4% on the previous year and up 118.7% over five years.
Over the whole period, spending by a country’s residents while travelling abroad, per unit in Iceland peaked at 0.0613 current US$ per US$ of GDP in 2006 and was at its lowest, 0.0241 current US$ per US$ of GDP, in 2020.
That places Iceland 35th out of 194 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently falling across the 15 years of available data.
Spending by a country’s residents while travelling abroad, per unit in Iceland, year by year
| Year | current US$ per US$ of GDP | Change |
|---|---|---|
| 1996 | 0.0406 current US$ per US$ of GDP | — |
| 1997 | 0.0424 current US$ per US$ of GDP | +4.4% |
| 1998 | 0.0462 current US$ per US$ of GDP | +9.0% |
| 1999 | 0.0483 current US$ per US$ of GDP | +4.6% |
| 2002 | 0.0396 current US$ per US$ of GDP | -18.0% |
| 2003 | 0.0453 current US$ per US$ of GDP | +14.4% |
| 2004 | 0.0501 current US$ per US$ of GDP | +10.5% |
| 2005 | 0.0578 current US$ per US$ of GDP | +15.5% |
| 2006 | 0.0613 current US$ per US$ of GDP | +6.1% |
| 2007 | 0.0608 current US$ per US$ of GDP | -0.8% |
| 2020 | 0.0241 current US$ per US$ of GDP | -60.3% |
| 2021 | 0.0288 current US$ per US$ of GDP | +19.3% |
| 2022 | 0.0517 current US$ per US$ of GDP | +79.6% |
| 2023 | 0.0516 current US$ per US$ of GDP | -0.3% |
| 2024 | 0.0528 current US$ per US$ of GDP | +2.4% |
Biggest year-on-year movements
Years where Spending by a country’s residents while travelling abroad, per unit in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2022 | +79.6% | 0.0288 current US$ per US$ of GDP | 0.0517 current US$ per US$ of GDP |
| 2020 | -60.3% | 0.0608 current US$ per US$ of GDP | 0.0241 current US$ per US$ of GDP |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0444 current US$ per US$ of GDP | 0.0406 current US$ per US$ of GDP | 0.0483 current US$ per US$ of GDP | 4 |
| 2000s | 0.0525 current US$ per US$ of GDP | 0.0396 current US$ per US$ of GDP | 0.0613 current US$ per US$ of GDP | 6 |
| 2020s | 0.0418 current US$ per US$ of GDP | 0.0241 current US$ per US$ of GDP | 0.0528 current US$ per US$ of GDP | 5 |
Countries ranked near Iceland
- 32 Singapore 0.0546 current US$ per US$ of GDP compare
- 33 Saint Lucia 0.0533 current US$ per US$ of GDP compare
- 34 Dominica 0.053 current US$ per US$ of GDP compare
- 36 Cayman Islands 0.0515 current US$ per US$ of GDP compare
- 37 Seychelles 0.0514 current US$ per US$ of GDP compare
- 38 United Arab Emirates 0.0511 current US$ per US$ of GDP compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is spending by a country’s residents while travelling abroad, per unit in Iceland?
- Spending by a country’s residents while travelling abroad, per unit in Iceland was 0.0528 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest spending by a country’s residents while travelling abroad, per unit recorded in Iceland?
- The highest recorded value was 0.0613 current US$ per US$ of GDP in 2006.
- What is the lowest spending by a country’s residents while travelling abroad, per unit recorded in Iceland?
- The lowest recorded value was 0.0241 current US$ per US$ of GDP in 2020.
- How does Iceland rank for spending by a country’s residents while travelling abroad, per unit?
- Iceland ranks 35th out of 194 countries with data for 2024.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Spending by a country’s residents while travelling abroad, per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Spending by a country’s residents while travelling abroad divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Spending by a country’s residents while travelling abroad ÷ GDP (current US$)
Computed from
- Spending by a country’s residents while travelling abroad UN Tourism (2025) – processed by Our World in Data
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Spending by a country’s residents while travelling abroad divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.