Complete energy balances in Iceland
Iceland: Complete energy balances was 5,584 Thousand tonnes of oil equivalent in 2024. ▲ Rising
Complete energy balances in Iceland, 1990–2024
Source: Eurostat. Measured in Thousand tonnes of oil equivalent.
Analysis
Iceland recorded 5,584 Thousand tonnes of oil equivalent for complete energy balances in 2024. That is the highest value across all 35 years on record.
Compared with earlier readings it is up 3.9% on the previous year and up 6.7% over ten years.
Over the whole period, complete energy balances in Iceland peaked at 5,584 Thousand tonnes of oil equivalent in 2024 and was at its lowest, 1,422 Thousand tonnes of oil equivalent, in 1992.
Iceland ranks 23rd of 40 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1,634 Thousand tonnes of oil equivalent | 1,422 Thousand tonnes of oil equivalent | 2,103 Thousand tonnes of oil equivalent | 10 |
| 2000s | 3,044 Thousand tonnes of oil equivalent | 2,327 Thousand tonnes of oil equivalent | 4,731 Thousand tonnes of oil equivalent | 10 |
| 2010s | 5,079 Thousand tonnes of oil equivalent | 4,605 Thousand tonnes of oil equivalent | 5,430 Thousand tonnes of oil equivalent | 10 |
| 2020s | 5,347 Thousand tonnes of oil equivalent | 5,193 Thousand tonnes of oil equivalent | 5,584 Thousand tonnes of oil equivalent | 5 |
Countries ranked near Iceland
- 20 Serbia 9,315 Thousand tonnes of oil equivalent compare
- 21 Portugal 7,892 Thousand tonnes of oil equivalent compare
- 22 Slovakia 6,959 Thousand tonnes of oil equivalent compare
- 24 Greece 5,102 Thousand tonnes of oil equivalent compare
- 25 Bosnia and Herzegovina 4,854 Thousand tonnes of oil equivalent compare
- 26 Estonia 4,223 Thousand tonnes of oil equivalent compare
More energy & mining data for Iceland
- Fuel imports 9.0% (2025)
- Ores and metals imports 7.9% (2025)
- Ores and metals exports 36.2% (2025)
- Gas production 0 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 0 terawatt-hours (2024)
- Gas production per person 0 kilowatt-hours per person (2024)
- Fuel exports 1.5% (2025)
- Electric power transmission and distribution losses 2.9% (2024)
- Share of dietary energy supply from carbohydrates vs. GDP per capita 43.6% (2023)
Frequently asked questions
- What is complete energy balances in Iceland?
- Complete energy balances in Iceland was 5,584 Thousand tonnes of oil equivalent in 2024, according to Eurostat.
- What is the highest complete energy balances recorded in Iceland?
- The highest recorded value was 5,584 Thousand tonnes of oil equivalent in 2024.
- What is the lowest complete energy balances recorded in Iceland?
- The lowest recorded value was 1,422 Thousand tonnes of oil equivalent in 1992.
- How does Iceland rank for complete energy balances?
- Iceland ranks 23rd out of 40 countries with data for 2024.
- Is complete energy balances rising or falling in Iceland?
- Over the last ten years it is up 6.7%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Complete energy balances. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (Eurostat).