Oil consumption, annual growth rate in Iceland
Iceland: Oil consumption, annual growth rate was 0.6739 % change on previous year in 2025. ◆ Volatile
Latest (2025)
0.6739 % change on previous year
Change on year
down 74.1%
World rank
136th
of 218 countries
All-time high
26.54 % change on previous year
in 2022
All-time low
-34.26 % change on previous year
in 2020
Years of data
60
1966–2025
Oil consumption, annual growth rate in Iceland, 1966–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for oil consumption, annual growth rate in Iceland is 0.6739 % change on previous year, measured in 2025.
That represents a change of down 74.1% on the previous year and down 92.1% over ten years.
Over the whole period, oil consumption, annual growth rate in Iceland peaked at 26.54 % change on previous year in 2022 and was at its lowest, -34.26 % change on previous year, in 2020.
Iceland ranks 136th of 218 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Oil consumption, annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1966 | 7.82 % change on previous year | — |
| 1967 | -2.97 % change on previous year | -138.0% |
| 1968 | 6.77 % change on previous year | -328.2% |
| 1969 | -8.29 % change on previous year | -222.4% |
| 1970 | 2.19 % change on previous year | -126.5% |
| 1971 | 8.92 % change on previous year | +306.5% |
| 1972 | 7.14 % change on previous year | -19.9% |
| 1973 | 15.79 % change on previous year | +121.0% |
| 1974 | -6.67 % change on previous year | -142.2% |
| 1975 | -6.07 % change on previous year | -9.0% |
| 1976 | 0.4694 % change on previous year | -107.7% |
| 1977 | 4.58 % change on previous year | +876.7% |
| 1978 | 5.37 % change on previous year | +17.2% |
| 1979 | -2.9 % change on previous year | -154.1% |
| 1980 | -6.96 % change on previous year | +139.5% |
| 1981 | -2.4 % change on previous year | -65.5% |
| 1982 | -8.61 % change on previous year | +259.3% |
| 1983 | -2.84 % change on previous year | -67.0% |
| 1984 | 4.34 % change on previous year | -253.0% |
| 1985 | -0.3386 % change on previous year | -107.8% |
| 1986 | 1.44 % change on previous year | -524.6% |
| 1987 | 8.14 % change on previous year | +466.3% |
| 1988 | 4.54 % change on previous year | -44.3% |
| 1989 | 6.97 % change on previous year | +53.5% |
| 1990 | 6.42 % change on previous year | -7.9% |
| 1991 | -5.18 % change on previous year | -180.7% |
| 1992 | 8.35 % change on previous year | -261.2% |
| 1993 | 2.72 % change on previous year | -67.4% |
| 1994 | 0.2775 % change on previous year | -89.8% |
| 1995 | 3.68 % change on previous year | +1227.2% |
| 1996 | 4.48 % change on previous year | +21.7% |
| 1997 | 4.69 % change on previous year | +4.5% |
| 1998 | 3.93 % change on previous year | -16.2% |
| 1999 | 3.15 % change on previous year | -19.7% |
| 2000 | 0.6244 % change on previous year | -80.2% |
| 2001 | -4.76 % change on previous year | -861.7% |
| 2002 | 4.61 % change on previous year | -197.0% |
| 2003 | -1.54 % change on previous year | -133.4% |
| 2004 | 6.65 % change on previous year | -531.4% |
| 2005 | -2.04 % change on previous year | -130.8% |
| 2006 | 8.25 % change on previous year | -503.8% |
| 2007 | 1.46 % change on previous year | -82.3% |
| 2008 | 9.64 % change on previous year | +560.1% |
| 2009 | -4.47 % change on previous year | -146.3% |
| 2010 | -32.04 % change on previous year | +617.0% |
| 2011 | -1.79 % change on previous year | -94.4% |
| 2012 | -1.22 % change on previous year | -31.7% |
| 2013 | 4.24 % change on previous year | -447.1% |
| 2014 | 5.09 % change on previous year | +20.1% |
| 2015 | 8.56 % change on previous year | +68.2% |
| 2016 | 10.46 % change on previous year | +22.2% |
| 2017 | 10.68 % change on previous year | +2.1% |
| 2018 | 9.37 % change on previous year | -12.3% |
| 2019 | -15.33 % change on previous year | -263.7% |
| 2020 | -34.26 % change on previous year | +123.5% |
| 2021 | 17.08 % change on previous year | -149.8% |
| 2022 | 26.54 % change on previous year | +55.4% |
| 2023 | 4.64 % change on previous year | -82.5% |
| 2024 | 2.6 % change on previous year | -43.9% |
| 2025 | 0.6739 % change on previous year | -74.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.8328 % change on previous year | -8.29 % change on previous year | 7.82 % change on previous year | 4 |
| 1970s | 2.88 % change on previous year | -6.67 % change on previous year | 15.79 % change on previous year | 10 |
| 1980s | 0.4288 % change on previous year | -8.61 % change on previous year | 8.14 % change on previous year | 10 |
| 1990s | 3.25 % change on previous year | -5.18 % change on previous year | 8.35 % change on previous year | 10 |
| 2000s | 1.84 % change on previous year | -4.76 % change on previous year | 9.64 % change on previous year | 10 |
| 2010s | -0.1976 % change on previous year | -32.04 % change on previous year | 10.68 % change on previous year | 10 |
| 2020s | 2.88 % change on previous year | -34.26 % change on previous year | 26.54 % change on previous year | 6 |
Countries ranked near Iceland
- 133 Canada 0.9459 % change on previous year compare
- 134 Antigua and Barbuda 0.9081 % change on previous year compare
- 135 Aruba 0.8107 % change on previous year compare
- 137 Iran 0.568 % change on previous year compare
- 138 Barbados 0.564 % change on previous year compare
- 139 Greece 0.5477 % change on previous year 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)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2024)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Gas production, per capita 0 terawatt-hours per person (2024)
Frequently asked questions
- What is oil consumption, annual growth rate in Iceland?
- Oil consumption, annual growth rate in Iceland was 0.6739 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest oil consumption, annual growth rate recorded in Iceland?
- The highest recorded value was 26.54 % change on previous year in 2022.
- What is the lowest oil consumption, annual growth rate recorded in Iceland?
- The lowest recorded value was -34.26 % change on previous year in 2020.
- How does Iceland rank for oil consumption, annual growth rate?
- Iceland ranks 136th out of 218 countries with data for 2025.
- Is oil consumption, annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 92.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Oil consumption, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Oil consumption. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Oil consumption Energy Institute - Statistical Review of World Energy (2026); U.S. Energy Information Administration (2026); Etemad & Luciani (1991) – with major processing by Our World in Data
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in Oil consumption. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.