Spending by a country’s residents while travelling abroad in Iceland
Iceland: Spending by a country’s residents while travelling abroad was 1.75 billion current US$ in 2024. ◆ Volatile
Spending by a country’s residents while travelling abroad in Iceland, 1996–2024
Source: UN Tourism (2025) – processed by Our World in Data. Measured in current US$.
Analysis
In 2024, spending by a country’s residents while travelling abroad in Iceland stood at 1.75 billion current US$. 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 country’s residents while travelling abroad in Iceland peaked at 1.75 billion current US$ in 2024 and was at its lowest, 312.00 million current US$, in 1996.
That places Iceland 85th out of 199 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Spending by a country’s residents while travelling abroad in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1996 | 312.00 million current US$ | — |
| 1997 | 327.00 million current US$ | +4.8% |
| 1998 | 399.00 million current US$ | +22.0% |
| 1999 | 440.00 million current US$ | +10.3% |
| 2002 | 373.00 million current US$ | -15.2% |
| 2003 | 524.00 million current US$ | +40.5% |
| 2004 | 699.00 million current US$ | +33.4% |
| 2005 | 991.00 million current US$ | +41.8% |
| 2006 | 1.08 billion current US$ | +9.4% |
| 2007 | 1.34 billion current US$ | +23.2% |
| 2020 | 531.98 million current US$ | -60.2% |
| 2021 | 755.85 million current US$ | +42.1% |
| 2022 | 1.51 billion current US$ | +99.7% |
| 2023 | 1.64 billion current US$ | +8.3% |
| 2024 | 1.75 billion current US$ | +7.2% |
Iceland compared with similar countries
- Iceland's 1.75 billion current US$ is below the median for high income countries, which is 4.47 billion current US$, 39% of the median. (71 countries reporting)
- Iceland's 1.75 billion current US$ is below the median for Europe & Central Asia, which is 4.98 billion current US$, 35% of the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 369.50 million current US$ | 312.00 million current US$ | 440.00 million current US$ | 4 |
| 2000s | 834.50 million current US$ | 373.00 million current US$ | 1.34 billion current US$ | 6 |
| 2020s | 1.24 billion current US$ | 531.98 million current US$ | 1.75 billion current US$ | 5 |
Countries ranked near Iceland
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 in Iceland?
- Spending by a country’s residents while travelling abroad in Iceland was 1.75 billion current US$ in 2024, according to UN Tourism (2025) – processed by Our World in Data.
- What is the highest spending by a country’s residents while travelling abroad recorded in Iceland?
- The highest recorded value was 1.75 billion current US$ in 2024.
- What is the lowest spending by a country’s residents while travelling abroad recorded in Iceland?
- The lowest recorded value was 312.00 million current US$ in 1996.
- How does Iceland rank for spending by a country’s 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 UN Tourism (2025) – processed by Our World in Data, published as part of Spending by a country’s residents while travelling abroad. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 15 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Money spent by a country’s residents abroad on accommodation, food, transport, entertainment, shopping, and fares paid to foreign airlines. The data is expressed in current US dollars and is not adjusted for inflation or differences in living costs between countries.