Share of primary energy from oil in Iceland
Iceland: Share of primary energy from oil was 14.2% in 2025. ◆ Volatile
Latest (2025)
14.2%
Change on year
up 5.9%
World rank
78th
of 80 countries
All-time high
89.9%
in 1966
All-time low
9.0%
in 2020
Years of data
61
1965–2025
Share of primary energy from oil in Iceland, 1965–2025
Source: Energy Institute – Statistical Review of World Energy (2026); Smil (2017); U.S. Energy Information Administration (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2025, share of primary energy from oil in Iceland stood at 14.2%.
That represents a change of up 5.9% on the previous year and up 8.4% over ten years.
Over the whole period, share of primary energy from oil in Iceland peaked at 89.9% in 1966 and was at its lowest, 9.0%, in 2020.
Iceland ranks 78th of 80 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Share of primary energy from oil in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1965 | 88.7% | — |
| 1966 | 89.9% | +1.4% |
| 1967 | 89.2% | -0.7% |
| 1968 | 89.7% | +0.5% |
| 1969 | 86.4% | -3.6% |
| 1970 | 79.1% | -8.4% |
| 1971 | 79.3% | +0.2% |
| 1972 | 78.1% | -1.6% |
| 1973 | 76.6% | -1.9% |
| 1974 | 76.2% | -0.6% |
| 1975 | 74.4% | -2.3% |
| 1976 | 73.3% | -1.5% |
| 1977 | 73.2% | -0.2% |
| 1978 | 73.4% | +0.4% |
| 1979 | 68.4% | -6.9% |
| 1980 | 65.0% | -4.9% |
| 1981 | 59.0% | -9.3% |
| 1982 | 53.6% | -9.1% |
| 1983 | 50.7% | -5.3% |
| 1984 | 50.2% | -1.0% |
| 1985 | 50.3% | +0.2% |
| 1986 | 48.0% | -4.6% |
| 1987 | 49.6% | +3.3% |
| 1988 | 49.4% | -0.4% |
| 1989 | 50.4% | +1.9% |
| 1990 | 51.4% | +2.1% |
| 1991 | 50.5% | -1.7% |
| 1992 | 53.8% | +6.5% |
| 1993 | 53.1% | -1.4% |
| 1994 | 52.8% | -0.4% |
| 1995 | 51.8% | -1.9% |
| 1996 | 51.1% | -1.4% |
| 1997 | 50.2% | -1.7% |
| 1998 | 44.2% | -11.9% |
| 1999 | 36.6% | -17.3% |
| 2000 | 33.8% | -7.6% |
| 2001 | 31.2% | -7.9% |
| 2002 | 32.0% | +2.6% |
| 2003 | 31.8% | -0.4% |
| 2004 | 32.4% | +1.8% |
| 2005 | 30.5% | -5.8% |
| 2006 | 25.3% | -17.2% |
| 2007 | 20.8% | -17.7% |
| 2008 | 19.5% | -6.1% |
| 2009 | 17.5% | -10.3% |
| 2010 | 12.7% | -27.5% |
| 2011 | 12.1% | -4.8% |
| 2012 | 11.2% | -7.7% |
| 2013 | 11.4% | +2.3% |
| 2014 | 12.0% | +4.9% |
| 2015 | 13.1% | +9.2% |
| 2016 | 14.2% | +8.2% |
| 2017 | 15.1% | +6.8% |
| 2018 | 14.8% | -2.1% |
| 2019 | 12.9% | -13.1% |
| 2020 | 9.0% | -30.2% |
| 2021 | 10.4% | +15.9% |
| 2022 | 12.6% | +21.1% |
| 2023 | 13.0% | +3.4% |
| 2024 | 13.4% | +2.8% |
| 2025 | 14.2% | +5.9% |
Iceland compared with similar countries
- Iceland's 14.2% is below the median for high income countries, which is 41.8%, 34% of the median. (47 countries reporting)
- Iceland's 14.2% is below the median for Europe & Central Asia, which is 41.8%, 34% of the median. (39 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 88.8% | 86.4% | 89.9% | 5 |
| 1970s | 75.2% | 68.4% | 79.3% | 10 |
| 1980s | 52.6% | 48.0% | 65.0% | 10 |
| 1990s | 49.6% | 36.6% | 53.8% | 10 |
| 2000s | 27.5% | 17.5% | 33.8% | 10 |
| 2010s | 12.9% | 11.2% | 15.1% | 10 |
| 2020s | 12.1% | 9.0% | 14.2% | 6 |
Countries ranked near Iceland
- 75 China 20.9% compare
- 76 South Africa 19.5% compare
- 77 Turkmenistan 19.0% compare
- 79 Trinidad and Tobago 12.9% compare
- 80 Uzbekistan 12.4% 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 share of primary energy from oil in Iceland?
- Share of primary energy from oil in Iceland was 14.2% in 2025, according to Energy Institute – Statistical Review of World Energy (2026); Smil (2017); U.S. Energy Information Administration (2026) – with major processing by Our World in Data.
- What is the highest share of primary energy from oil recorded in Iceland?
- The highest recorded value was 89.9% in 1966.
- What is the lowest share of primary energy from oil recorded in Iceland?
- The lowest recorded value was 9.0% in 2020.
- How does Iceland rank for share of primary energy from oil?
- Iceland ranks 78th out of 80 countries with data for 2025.
- Is share of primary energy from oil rising or falling in Iceland?
- Over the last ten years it is up 8.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Energy Institute – Statistical Review of World Energy (2026); Smil (2017); U.S. Energy Information Administration (2026) – with major processing by Our World in Data, published as part of Share of primary energy from oil. 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 as a percentage of total energy supply.