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Economy > Spending > Gross national expenditure Stats: compare key data on Iceland & United States

Definitions

  • % of GDP: Gross national expenditure (% of GDP). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment).
  • Constant 2000 US$: Gross national expenditure (constant 2000 US$). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant 2005 U.S. dollars.
  • Constant 2000 US$ per capita: Gross national expenditure (constant 2000 US$). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant 2005 U.S. dollars. Figures expressed per capita for the same year.
  • Constant 2000 US$, % of GDP: Gross national expenditure (constant 2000 US$). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant 2005 U.S. dollars. Figures expressed as a proportion of GDP for the same year
  • Constant LCU: Gross national expenditure (constant LCU). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant local currency.
  • Constant LCU per capita: Gross national expenditure (constant LCU). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in constant local currency. Figures expressed per capita for the same year.
  • Current LCU: Gross national expenditure (current LCU). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current local currency.
  • Current LCU per capita: Gross national expenditure (current LCU). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current local currency. Figures expressed per capita for the same year.
  • Current US$: Gross national expenditure (current US$). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars.
  • Current US$ per capita: Gross national expenditure (current US$). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars. Figures expressed per capita for the same year.
  • Current US$, % of GDP: Gross national expenditure (current US$). Gross national expenditure (formerly domestic absorption) is the sum of household final consumption expenditure (formerly private consumption), general government final consumption expenditure (formerly general government consumption), and gross capital formation (formerly gross domestic investment). Data are in current U.S. dollars. Figures expressed as a proportion of GDP for the same year
STAT Iceland United States HISTORY
% of GDP 93.88%
Ranked 116th.
103.37%
Ranked 69th. 10% more than Iceland

Constant 2000 US$ $15.55 billion
Ranked 79th.
$14.62 trillion
Ranked 1st. 940 times more than Iceland

Constant 2000 US$ per capita $48,568.78
Ranked 4th. 4% more than United States
$46,568.82
Ranked 5th.

Constant 2000 US$, % of GDP 113.86%
Ranked 4th. 22% more than United States
93.2%
Ranked 18th.

Constant LCU 979.28 billion
Ranked 49th.
14.62 trillion
Ranked 15th. 15 times more than Iceland

Constant LCU per capita 3.06 million
Ranked 10th. 66 times more than United States
46,568.82
Ranked 49th.

Current LCU 1.59 trillion
Ranked 61st.
16.79 trillion
Ranked 23th. 11 times more than Iceland

Current LCU per capita 4.98 million
Ranked 12th. 93 times more than United States
53,491.71
Ranked 71st.

Current US$ $12.75 billion
Ranked 101st.
$16.79 trillion
Ranked 1st. 1317 times more than Iceland

Current US$ per capita $39,820.34
Ranked 17th.
$53,491.71
Ranked 6th. 34% more than Iceland

Current US$, % of GDP 93.35%
Ranked 119th.
107.06%
Ranked 64th. 15% more than Iceland

SOURCES: World Bank national accounts data; World Bank national accounts data. Population figures from World Bank: (1) United Nations Population Division. World Population Prospects, (2) United Nations Statistical Division. Population and Vital Statistics Report (various years), (3) Census reports and other statistical publications from national statistical offices, (4) Eurostat: Demographic Statistics, (5) Secretariat of the Pacific Community: Statistics and Demography Programme, and (6) U.S. Census Bureau: International Database.; World Bank national accounts data. GDP figures sourced from World Bank national accounts data, and OECD National Accounts data files.

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