Oil consumption in Iceland
Iceland: Oil consumption was 11.68 terawatt-hours in 2025. ▲ Rising
Oil consumption in Iceland, 1965–2025
Source: 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. Measured in terawatt-hours.
Analysis
Iceland recorded 11.68 terawatt-hours for oil consumption in 2025.
That represents a change of up 0.7% on the previous year and up 19.2% over ten years.
Over the whole period, oil consumption in Iceland peaked at 13.11 terawatt-hours in 2018 and was at its lowest, 5.61 terawatt-hours, in 1965.
That places Iceland 144th out of 219 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 61 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.91 terawatt-hours | 5.61 terawatt-hours | 6.27 terawatt-hours | 5 |
| 1970s | 7.09 terawatt-hours | 5.88 terawatt-hours | 7.94 terawatt-hours | 10 |
| 1980s | 6.67 terawatt-hours | 6.03 terawatt-hours | 7.7 terawatt-hours | 10 |
| 1990s | 9.06 terawatt-hours | 7.77 terawatt-hours | 10.54 terawatt-hours | 10 |
| 2000s | 11.29 terawatt-hours | 10.1 terawatt-hours | 13.09 terawatt-hours | 10 |
| 2010s | 9.95 terawatt-hours | 8.24 terawatt-hours | 13.11 terawatt-hours | 10 |
| 2020s | 10.21 terawatt-hours | 7.3 terawatt-hours | 11.68 terawatt-hours | 6 |
Countries ranked near Iceland
- 141 Botswana 13.28 terawatt-hours compare
- 142 Madagascar 12.03 terawatt-hours compare
- 143 Korea, Dem. People's Rep. 11.9 terawatt-hours compare
- 145 Niger 11.66 terawatt-hours compare
- 146 Reunion 10.99 terawatt-hours compare
- 147 New Caledonia 10.66 terawatt-hours 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 oil consumption in Iceland?
- Oil consumption in Iceland was 11.68 terawatt-hours in 2025, according to 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.
- What is the highest oil consumption recorded in Iceland?
- The highest recorded value was 13.11 terawatt-hours in 2018.
- What is the lowest oil consumption recorded in Iceland?
- The lowest recorded value was 5.61 terawatt-hours in 1965.
- How does Iceland rank for oil consumption?
- Iceland ranks 144th out of 219 countries with data for 2025.
- Is oil consumption rising or falling in Iceland?
- Over the last ten years it is up 19.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from 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, published as part of Oil consumption. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 61 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Measured in terawatt-hours. Includes refined petroleum products and other liquid fuels.