Energy use — Total final energy consumption in Iceland
Iceland: Energy use — Total final energy consumption was 3,167 Tonnes of oil equivalent in 2023. ▲ Rising
Latest (2023)
3,167 Tonnes of oil equivalent
Change on year
up 0.1%
World rank
40th
of 43 countries
All-time high
3,252 Tonnes of oil equivalent
in 2018
All-time low
1,375 Tonnes of oil equivalent
in 1991
Years of data
39
1985–2023
Energy use — Total final energy consumption in Iceland, 1985–2023
Source: Organisation for Economic Co-operation and Development. Measured in Tonnes of oil equivalent.
Analysis
Iceland recorded 3,167 Tonnes of oil equivalent for energy use — total final energy consumption in 2023.
That represents a change of up 0.1% on the previous year and up 14.1% over ten years.
Over the whole period, energy use — total final energy consumption in Iceland peaked at 3,252 Tonnes of oil equivalent in 2018 and was at its lowest, 1,375 Tonnes of oil equivalent, in 1991.
Iceland ranks 40th of 43 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 39 years of available data.
Energy use — Total final energy consumption in Iceland, year by year
| Year | Tonnes of oil equivalent | Change |
|---|---|---|
| 1985 | 1,418 Tonnes of oil equivalent | — |
| 1986 | 1,464 Tonnes of oil equivalent | +3.2% |
| 1987 | 1,470 Tonnes of oil equivalent | +0.4% |
| 1988 | 1,576 Tonnes of oil equivalent | +7.2% |
| 1989 | 1,607 Tonnes of oil equivalent | +2.0% |
| 1990 | 1,396 Tonnes of oil equivalent | -13.2% |
| 1991 | 1,375 Tonnes of oil equivalent | -1.5% |
| 1992 | 1,420 Tonnes of oil equivalent | +3.2% |
| 1993 | 1,445 Tonnes of oil equivalent | +1.8% |
| 1994 | 1,496 Tonnes of oil equivalent | +3.5% |
| 1995 | 1,489 Tonnes of oil equivalent | -0.5% |
| 1996 | 1,559 Tonnes of oil equivalent | +4.7% |
| 1997 | 1,579 Tonnes of oil equivalent | +1.3% |
| 1998 | 1,662 Tonnes of oil equivalent | +5.3% |
| 1999 | 1,758 Tonnes of oil equivalent | +5.7% |
| 2000 | 1,857 Tonnes of oil equivalent | +5.6% |
| 2001 | 1,888 Tonnes of oil equivalent | +1.7% |
| 2002 | 1,964 Tonnes of oil equivalent | +4.1% |
| 2003 | 1,956 Tonnes of oil equivalent | -0.4% |
| 2004 | 2,019 Tonnes of oil equivalent | +3.2% |
| 2005 | 2,027 Tonnes of oil equivalent | +0.4% |
| 2006 | 2,185 Tonnes of oil equivalent | +7.8% |
| 2007 | 2,431 Tonnes of oil equivalent | +11.3% |
| 2008 | 2,946 Tonnes of oil equivalent | +21.2% |
| 2009 | 2,980 Tonnes of oil equivalent | +1.2% |
| 2010 | 2,613 Tonnes of oil equivalent | -12.3% |
| 2011 | 2,623 Tonnes of oil equivalent | +0.4% |
| 2012 | 2,667 Tonnes of oil equivalent | +1.7% |
| 2013 | 2,775 Tonnes of oil equivalent | +4.1% |
| 2014 | 2,820 Tonnes of oil equivalent | +1.6% |
| 2015 | 2,983 Tonnes of oil equivalent | +5.8% |
| 2016 | 3,016 Tonnes of oil equivalent | +1.1% |
| 2017 | 3,068 Tonnes of oil equivalent | +1.7% |
| 2018 | 3,252 Tonnes of oil equivalent | +6.0% |
| 2019 | 3,163 Tonnes of oil equivalent | -2.7% |
| 2020 | 3,024 Tonnes of oil equivalent | -4.4% |
| 2021 | 3,116 Tonnes of oil equivalent | +3.0% |
| 2022 | 3,165 Tonnes of oil equivalent | +1.6% |
| 2023 | 3,167 Tonnes of oil equivalent | +0.1% |
Iceland compared with similar countries
- Iceland's 3,167 Tonnes of oil equivalent is below the median for high income countries, which is 21,839 Tonnes of oil equivalent, 15% of the median. (30 countries reporting)
- Iceland's 3,167 Tonnes of oil equivalent is below the median for Europe & Central Asia, which is 23,158 Tonnes of oil equivalent, 14% of the median. (24 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 1,507 Tonnes of oil equivalent | 1,418 Tonnes of oil equivalent | 1,607 Tonnes of oil equivalent | 5 |
| 1990s | 1,518 Tonnes of oil equivalent | 1,375 Tonnes of oil equivalent | 1,758 Tonnes of oil equivalent | 10 |
| 2000s | 2,225 Tonnes of oil equivalent | 1,857 Tonnes of oil equivalent | 2,980 Tonnes of oil equivalent | 10 |
| 2010s | 2,898 Tonnes of oil equivalent | 2,613 Tonnes of oil equivalent | 3,252 Tonnes of oil equivalent | 10 |
| 2020s | 3,118 Tonnes of oil equivalent | 3,024 Tonnes of oil equivalent | 3,167 Tonnes of oil equivalent | 4 |
Countries ranked near Iceland
- 37 Ireland 10,986 Tonnes of oil equivalent compare
- 38 Bulgaria 9,773 Tonnes of oil equivalent compare
- 39 Costa Rica 3,993 Tonnes of oil equivalent compare
- 41 Luxembourg 2,962 Tonnes of oil equivalent compare
- 42 Cyprus 1,609 Tonnes of oil equivalent compare
- 43 Malta 580.95 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 use — total final energy consumption in Iceland?
- Energy use — total final energy consumption in Iceland was 3,167 Tonnes of oil equivalent in 2023, according to Organisation for Economic Co-operation and Development.
- What is the highest energy use — total final energy consumption recorded in Iceland?
- The highest recorded value was 3,252 Tonnes of oil equivalent in 2018.
- What is the lowest energy use — total final energy consumption recorded in Iceland?
- The lowest recorded value was 1,375 Tonnes of oil equivalent in 1991.
- How does Iceland rank for energy use — total final energy consumption?
- Iceland ranks 40th out of 43 countries with data for 2023.
- Is energy use — total final energy consumption rising or falling in Iceland?
- Over the last ten years it is up 14.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Energy use — Total final energy consumption. Statizoid updates them automatically from the source API.
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