Energy use (kg of oil equivalent) per $1,000 GDP in Iceland
Iceland: Energy use (kg of oil equivalent) per $1,000 GDP was 234.45 constant 2021 PPP in 2024. ▲ Rising
Energy use (kg of oil equivalent) per $1,000 GDP in Iceland, 1990–2024
Source: IEA Energy Statistics Data Browser, International Energy Agency (IEA). Measured in constant 2021 PPP.
Analysis
The most recent figure for energy use (kg of oil equivalent) per $1,000 gdp in Iceland is 234.45 constant 2021 PPP, measured in 2024.
The figure is up 3.5% on the previous year and down 21.4% over ten years.
Over the whole period, energy use (kg of oil equivalent) per $1,000 gdp in Iceland peaked at 314.01 constant 2021 PPP in 2011 and was at its lowest, 185.78 constant 2021 PPP, in 2005.
That places Iceland 5th out of 168 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Energy use (kg of oil equivalent) per $1,000 GDP in Iceland, year by year
| Year | constant 2021 PPP | Change |
|---|---|---|
| 1990 | 210.18 constant 2021 PPP | — |
| 1991 | 192.7 constant 2021 PPP | -8.3% |
| 1992 | 195.19 constant 2021 PPP | +1.3% |
| 1993 | 206.02 constant 2021 PPP | +5.6% |
| 1994 | 202.15 constant 2021 PPP | -1.9% |
| 1995 | 202.03 constant 2021 PPP | -0.1% |
| 1996 | 207.93 constant 2021 PPP | +2.9% |
| 1997 | 196.51 constant 2021 PPP | -5.5% |
| 1998 | 196.5 constant 2021 PPP | -0.0% |
| 1999 | 213.31 constant 2021 PPP | +8.6% |
| 2000 | 227.06 constant 2021 PPP | +6.4% |
| 2001 | 212.28 constant 2021 PPP | -6.5% |
| 2002 | 217.76 constant 2021 PPP | +2.6% |
| 2003 | 212.93 constant 2021 PPP | -2.2% |
| 2004 | 196 constant 2021 PPP | -8.0% |
| 2005 | 185.78 constant 2021 PPP | -5.2% |
| 2006 | 218.16 constant 2021 PPP | +17.4% |
| 2007 | 237.04 constant 2021 PPP | +8.7% |
| 2008 | 271.11 constant 2021 PPP | +14.4% |
| 2009 | 306.92 constant 2021 PPP | +13.2% |
| 2010 | 297.5 constant 2021 PPP | -3.1% |
| 2011 | 314.01 constant 2021 PPP | +5.5% |
| 2012 | 302.96 constant 2021 PPP | -3.5% |
| 2013 | 304.92 constant 2021 PPP | +0.6% |
| 2014 | 298.13 constant 2021 PPP | -2.2% |
| 2015 | 273.55 constant 2021 PPP | -8.2% |
| 2016 | 242.46 constant 2021 PPP | -11.4% |
| 2017 | 248 constant 2021 PPP | +2.3% |
| 2018 | 260.06 constant 2021 PPP | +4.9% |
| 2019 | 253.06 constant 2021 PPP | -2.7% |
| 2020 | 265.33 constant 2021 PPP | +4.8% |
| 2021 | 251.59 constant 2021 PPP | -5.2% |
| 2022 | 237.41 constant 2021 PPP | -5.6% |
| 2023 | 226.45 constant 2021 PPP | -4.6% |
| 2024 | 234.45 constant 2021 PPP | +3.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 202.25 constant 2021 PPP | 192.7 constant 2021 PPP | 213.31 constant 2021 PPP | 10 |
| 2000s | 228.5 constant 2021 PPP | 185.78 constant 2021 PPP | 306.92 constant 2021 PPP | 10 |
| 2010s | 279.46 constant 2021 PPP | 242.46 constant 2021 PPP | 314.01 constant 2021 PPP | 10 |
| 2020s | 243.04 constant 2021 PPP | 226.45 constant 2021 PPP | 265.33 constant 2021 PPP | 5 |
Countries ranked near Iceland
- 2 Congo, Democratic Republic of the 262.57 constant 2021 PPP compare
- 3 Turkmenistan 257.76 constant 2021 PPP compare
- 4 Mozambique 239.86 constant 2021 PPP compare
- 6 Zambia 218.93 constant 2021 PPP compare
- 7 Libya 213.37 constant 2021 PPP compare
- 8 Iran, Islamic Republic of 199.42 constant 2021 PPP 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)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0.0002 terawatt-hours per person (2025)
- Fuel imports 9.0% (2025)
- Ores and metals imports 7.9% (2025)
Frequently asked questions
- What is energy use (kg of oil equivalent) per $1,000 gdp in Iceland?
- Energy use (kg of oil equivalent) per $1,000 gdp in Iceland was 234.45 constant 2021 PPP in 2024, according to IEA Energy Statistics Data Browser, International Energy Agency (IEA).
- What is the highest energy use (kg of oil equivalent) per $1,000 gdp recorded in Iceland?
- The highest recorded value was 314.01 constant 2021 PPP in 2011.
- What is the lowest energy use (kg of oil equivalent) per $1,000 gdp recorded in Iceland?
- The lowest recorded value was 185.78 constant 2021 PPP in 2005.
- How does Iceland rank for energy use (kg of oil equivalent) per $1,000 gdp?
- Iceland ranks 5th out of 168 countries with data for 2024.
- Is energy use (kg of oil equivalent) per $1,000 gdp rising or falling in Iceland?
- Over the last ten years it is down 21.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from IEA Energy Statistics Data Browser, International Energy Agency (IEA), published as part of Energy use (kg of oil equivalent) per $1,000 GDP (constant 2021 PPP). Statizoid updates them automatically from the source API.
Download this data
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About this data
Energy use per PPP GDP is the kilogram of oil equivalent of energy use per constant PPP GDP. Energy use refers to use of primary energy before transformation to other end-use fuels, which is equal to indigenous production plus imports and stock changes, minus exports and fuels supplied to ships and aircraft engaged in international transport. PPP GDP is gross domestic product converted to 2021 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.