Spending by a countrys residents while travelling abroad in Iceland

Iceland: Spending by a countrys residents while travelling abroad was 1.75 billion in 2024. ◆ Volatile

Latest (2024)
1.75 billion
Change on year
up 7.2%
World rank
85th
of 199 countries
All-time high
1.75 billion
in 2024
All-time low
312.00 million
in 1996
Years of data
15
1996–2024

Spending by a countrys residents while travelling abroad in Iceland, 1996–2024

500.0M1.0B1.5B2.0B1996201020241996: 312.0M1997: 327.0M1998: 399.0M1999: 440.0M2002: 373.0M2003: 524.0M2004: 699.0M2005: 991.0M2006: 1.1B2007: 1.3B2020: 532.0M2021: 755.8M2022: 1.5B2023: 1.6B2024: 1.8B

Source: Our World in Data.

Analysis

In 2024, spending by a countrys residents while travelling abroad in Iceland stood at 1.75 billion. That is the highest value across all 15 years on record.

That represents a change of up 7.2% on the previous year and up 229.4% over five years.

Over the whole period, spending by a countrys residents while travelling abroad in Iceland peaked at 1.75 billion in 2024 and was at its lowest, 312.00 million, in 1996.

That places Iceland 85th out of 199 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Averages by decade

DecadeAverage LowestHighest Years
1990s 369.50 million 312.00 million 440.00 million 4
2000s 834.50 million 373.00 million 1.34 billion 6
2020s 1.24 billion 531.98 million 1.75 billion 5

Countries ranked near Iceland

  1. 82 Ghana 1.83 billion compare
  2. 83 Uruguay 1.82 billion compare
  3. 84 Angola 1.78 billion compare
  4. 86 Ecuador 1.73 billion compare
  5. 87 Mongolia 1.71 billion compare
  6. 88 Malta 1.65 billion compare

See the full ranking of 199 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is spending by a countrys residents while travelling abroad in Iceland?
Spending by a countrys residents while travelling abroad in Iceland was 1.75 billion in 2024, according to Our World in Data.
What is the highest spending by a countrys residents while travelling abroad recorded in Iceland?
The highest recorded value was 1.75 billion in 2024.
What is the lowest spending by a countrys residents while travelling abroad recorded in Iceland?
The lowest recorded value was 312.00 million in 1996.
How does Iceland rank for spending by a countrys residents while travelling abroad?
Iceland ranks 85th out of 199 countries with data for 2024.
Where does this Iceland data come from?
The figures come from Our World in Data, published as part of Spending by a countrys residents while travelling abroad. Statizoid updates them automatically from the source API.

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About this data

Indicator
Spending by a countrys residents while travelling abroad
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
199 places, 4,611 data points, 1995–2024
Last refreshed