Oil consumption in Iceland
Iceland: Oil consumption was 11.68 terawatt-hours in 2025. ▲ Rising
Latest (2025)
11.68 terawatt-hours
Change on year
up 0.7%
World rank
145th
of 220 countries
All-time high
13.11 terawatt-hours
in 2018
All-time low
5.61 terawatt-hours
in 1965
Years of data
61
1965–2025
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 145th out of 220 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.
Oil consumption in Iceland, year by year
| Year | terawatt-hours | Change |
|---|---|---|
| 1965 | 5.61 terawatt-hours | — |
| 1966 | 6.05 terawatt-hours | +7.8% |
| 1967 | 5.87 terawatt-hours | -3.0% |
| 1968 | 6.27 terawatt-hours | +6.8% |
| 1969 | 5.75 terawatt-hours | -8.3% |
| 1970 | 5.88 terawatt-hours | +2.2% |
| 1971 | 6.4 terawatt-hours | +8.9% |
| 1972 | 6.86 terawatt-hours | +7.1% |
| 1973 | 7.94 terawatt-hours | +15.8% |
| 1974 | 7.41 terawatt-hours | -6.7% |
| 1975 | 6.96 terawatt-hours | -6.1% |
| 1976 | 6.99 terawatt-hours | +0.5% |
| 1977 | 7.31 terawatt-hours | +4.6% |
| 1978 | 7.71 terawatt-hours | +5.4% |
| 1979 | 7.48 terawatt-hours | -2.9% |
| 1980 | 6.96 terawatt-hours | -7.0% |
| 1981 | 6.8 terawatt-hours | -2.4% |
| 1982 | 6.21 terawatt-hours | -8.6% |
| 1983 | 6.03 terawatt-hours | -2.8% |
| 1984 | 6.3 terawatt-hours | +4.3% |
| 1985 | 6.27 terawatt-hours | -0.3% |
| 1986 | 6.36 terawatt-hours | +1.4% |
| 1987 | 6.88 terawatt-hours | +8.1% |
| 1988 | 7.2 terawatt-hours | +4.5% |
| 1989 | 7.7 terawatt-hours | +7.0% |
| 1990 | 8.19 terawatt-hours | +6.4% |
| 1991 | 7.77 terawatt-hours | -5.2% |
| 1992 | 8.42 terawatt-hours | +8.3% |
| 1993 | 8.64 terawatt-hours | +2.7% |
| 1994 | 8.67 terawatt-hours | +0.3% |
| 1995 | 8.99 terawatt-hours | +3.7% |
| 1996 | 9.39 terawatt-hours | +4.5% |
| 1997 | 9.83 terawatt-hours | +4.7% |
| 1998 | 10.22 terawatt-hours | +3.9% |
| 1999 | 10.54 terawatt-hours | +3.2% |
| 2000 | 10.6 terawatt-hours | +0.6% |
| 2001 | 10.1 terawatt-hours | -4.8% |
| 2002 | 10.57 terawatt-hours | +4.6% |
| 2003 | 10.4 terawatt-hours | -1.5% |
| 2004 | 11.09 terawatt-hours | +6.6% |
| 2005 | 10.87 terawatt-hours | -2.0% |
| 2006 | 11.76 terawatt-hours | +8.3% |
| 2007 | 11.94 terawatt-hours | +1.5% |
| 2008 | 13.09 terawatt-hours | +9.6% |
| 2009 | 12.5 terawatt-hours | -4.5% |
| 2010 | 8.5 terawatt-hours | -32.0% |
| 2011 | 8.35 terawatt-hours | -1.8% |
| 2012 | 8.24 terawatt-hours | -1.2% |
| 2013 | 8.59 terawatt-hours | +4.2% |
| 2014 | 9.03 terawatt-hours | +5.1% |
| 2015 | 9.8 terawatt-hours | +8.6% |
| 2016 | 10.83 terawatt-hours | +10.5% |
| 2017 | 11.99 terawatt-hours | +10.7% |
| 2018 | 13.11 terawatt-hours | +9.4% |
| 2019 | 11.1 terawatt-hours | -15.3% |
| 2020 | 7.3 terawatt-hours | -34.3% |
| 2021 | 8.54 terawatt-hours | +17.1% |
| 2022 | 10.81 terawatt-hours | +26.5% |
| 2023 | 11.31 terawatt-hours | +4.6% |
| 2024 | 11.6 terawatt-hours | +2.6% |
| 2025 | 11.68 terawatt-hours | +0.7% |
Iceland compared with similar countries
- Iceland's 11.68 terawatt-hours is below the median for high income countries, which is 60.47 terawatt-hours, 19% of the median. (76 countries reporting)
- Iceland's 11.68 terawatt-hours is below the median for Europe & Central Asia, which is 76.63 terawatt-hours, 15% of the median. (51 countries reporting)
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
- 142 Botswana 13.28 terawatt-hours compare
- 143 Madagascar 12.03 terawatt-hours compare
- 144 North Korea 11.9 terawatt-hours compare
- 146 Niger 11.66 terawatt-hours compare
- 147 Reunion 10.99 terawatt-hours compare
- 148 New Caledonia 10.66 terawatt-hours compare
More energy & mining data for Iceland
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- 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)
- Fuel imports 9.0% (2025)
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 145th out of 220 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.