Energy efficiency in Iceland
Iceland: Energy efficiency was 6.44 Million tonnes of oil equivalent in 2024. ▲ Rising
Latest (2024)
6.44 Million tonnes of oil equivalent
Change on year
up 3.2%
World rank
31st
of 47 countries
All-time high
6.44 Million tonnes of oil equivalent
in 2024
All-time low
3.21 Million tonnes of oil equivalent
in 2005
Years of data
20
2005–2024
Energy efficiency in Iceland, 2005–2024
Source: Eurostat. Measured in Million tonnes of oil equivalent.
Analysis
Iceland recorded 6.44 Million tonnes of oil equivalent for energy efficiency in 2024. That is the highest value across all 20 years on record.
That represents a change of up 3.2% on the previous year and up 6.4% over ten years.
Over the whole period, energy efficiency in Iceland peaked at 6.44 Million tonnes of oil equivalent in 2024 and was at its lowest, 3.21 Million tonnes of oil equivalent, in 2005.
That places Iceland 31st out of 47 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 20 years of available data.
Energy efficiency in Iceland, year by year
| Year | Million tonnes of oil equivalent | Change |
|---|---|---|
| 2005 | 3.21 Million tonnes of oil equivalent | — |
| 2006 | 4 Million tonnes of oil equivalent | +24.6% |
| 2007 | 4.75 Million tonnes of oil equivalent | +18.8% |
| 2008 | 5.31 Million tonnes of oil equivalent | +11.8% |
| 2009 | 5.49 Million tonnes of oil equivalent | +3.4% |
| 2010 | 5.53 Million tonnes of oil equivalent | +0.7% |
| 2011 | 5.92 Million tonnes of oil equivalent | +7.1% |
| 2012 | 5.79 Million tonnes of oil equivalent | -2.2% |
| 2013 | 6.05 Million tonnes of oil equivalent | +4.5% |
| 2014 | 6.05 Million tonnes of oil equivalent | +0.0% |
| 2015 | 5.8 Million tonnes of oil equivalent | -4.1% |
| 2016 | 5.49 Million tonnes of oil equivalent | -5.3% |
| 2017 | 5.84 Million tonnes of oil equivalent | +6.4% |
| 2018 | 6.4 Million tonnes of oil equivalent | +9.6% |
| 2019 | 6.2 Million tonnes of oil equivalent | -3.1% |
| 2020 | 5.85 Million tonnes of oil equivalent | -5.6% |
| 2021 | 5.91 Million tonnes of oil equivalent | +1.0% |
| 2022 | 6.17 Million tonnes of oil equivalent | +4.4% |
| 2023 | 6.24 Million tonnes of oil equivalent | +1.1% |
| 2024 | 6.44 Million tonnes of oil equivalent | +3.2% |
Iceland compared with similar countries
- Iceland's 6.44 Million tonnes of oil equivalent is below the median for Europe & Central Asia, which is 15.54 Million tonnes of oil equivalent, 41% of the median. (35 countries reporting)
- Iceland's 6.44 Million tonnes of oil equivalent is below the median for high income countries, which is 21.01 Million tonnes of oil equivalent, 31% of the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 4.55 Million tonnes of oil equivalent | 3.21 Million tonnes of oil equivalent | 5.49 Million tonnes of oil equivalent | 5 |
| 2010s | 5.91 Million tonnes of oil equivalent | 5.49 Million tonnes of oil equivalent | 6.4 Million tonnes of oil equivalent | 10 |
| 2020s | 6.12 Million tonnes of oil equivalent | 5.85 Million tonnes of oil equivalent | 6.44 Million tonnes of oil equivalent | 5 |
Countries ranked near Iceland
- 28 Bosnia and Herzegovina 6.81 Million tonnes of oil equivalent compare
- 29 Lithuania 6.56 Million tonnes of oil equivalent compare
- 29 Lithuania 6.56 Million tonnes of oil equivalent compare
- 32 Slovenia 6.13 Million tonnes of oil equivalent compare
- 32 Slovenia 6.13 Million tonnes of oil equivalent compare
- 34 Georgia 5.82 Million tonnes of oil equivalent compare
More energy & mining data for Iceland
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate -4.9 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0002 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 9.0% (2025)
Frequently asked questions
- What is energy efficiency in Iceland?
- Energy efficiency in Iceland was 6.44 Million tonnes of oil equivalent in 2024, according to Eurostat.
- What is the highest energy efficiency recorded in Iceland?
- The highest recorded value was 6.44 Million tonnes of oil equivalent in 2024.
- What is the lowest energy efficiency recorded in Iceland?
- The lowest recorded value was 3.21 Million tonnes of oil equivalent in 2005.
- How does Iceland rank for energy efficiency?
- Iceland ranks 31st out of 47 countries with data for 2024.
- Is energy efficiency rising or falling in Iceland?
- Over the last ten years it is up 6.4%. 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 Energy efficiency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 20 observations, free to reuse under CC BY 4.0 (Eurostat).