Production of electricity and derived heat by type of fuel in Iceland
Iceland: Production of electricity and derived heat by type of fuel was 1,686 Thousand tonnes of oil equivalent in 2024. ▲ Rising
Latest (2024)
1,686 Thousand tonnes of oil equivalent
Change on year
down 3.2%
World rank
29th
of 50 countries
All-time high
1,741 Thousand tonnes of oil equivalent
in 2023
All-time low
386.41 Thousand tonnes of oil equivalent
in 1991
Years of data
35
1990–2024
Production of electricity and derived heat by type of fuel in Iceland, 1990–2024
Source: Eurostat. Measured in Thousand tonnes of oil equivalent.
Analysis
The most recent figure for production of electricity and derived heat by type of fuel in Iceland is 1,686 Thousand tonnes of oil equivalent, measured in 2024.
The figure is down 3.2% on the previous year and up 8.2% over ten years.
Over the whole period, production of electricity and derived heat by type of fuel in Iceland peaked at 1,741 Thousand tonnes of oil equivalent in 2023 and was at its lowest, 386.41 Thousand tonnes of oil equivalent, in 1991.
Iceland ranks 29th of 50 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 35 years of available data.
Production of electricity and derived heat by type of fuel in Iceland, year by year
| Year | Thousand tonnes of oil equivalent | Change |
|---|---|---|
| 1990 | 387.79 Thousand tonnes of oil equivalent | — |
| 1991 | 386.41 Thousand tonnes of oil equivalent | -0.4% |
| 1992 | 390.89 Thousand tonnes of oil equivalent | +1.2% |
| 1993 | 406.45 Thousand tonnes of oil equivalent | +4.0% |
| 1994 | 411.01 Thousand tonnes of oil equivalent | +1.1% |
| 1995 | 428.29 Thousand tonnes of oil equivalent | +4.2% |
| 1996 | 440.5 Thousand tonnes of oil equivalent | +2.9% |
| 1997 | 480.31 Thousand tonnes of oil equivalent | +9.0% |
| 1998 | 540.07 Thousand tonnes of oil equivalent | +12.4% |
| 1999 | 618.06 Thousand tonnes of oil equivalent | +14.4% |
| 2000 | 660.71 Thousand tonnes of oil equivalent | +6.9% |
| 2001 | 690.71 Thousand tonnes of oil equivalent | +4.5% |
| 2002 | 723.65 Thousand tonnes of oil equivalent | +4.8% |
| 2003 | 730.87 Thousand tonnes of oil equivalent | +1.0% |
| 2004 | 741.53 Thousand tonnes of oil equivalent | +1.5% |
| 2005 | 746.9 Thousand tonnes of oil equivalent | +0.7% |
| 2006 | 853.85 Thousand tonnes of oil equivalent | +14.3% |
| 2007 | 1,030 Thousand tonnes of oil equivalent | +20.6% |
| 2008 | 1,416 Thousand tonnes of oil equivalent | +37.5% |
| 2009 | 1,448 Thousand tonnes of oil equivalent | +2.2% |
| 2010 | 1,467 Thousand tonnes of oil equivalent | +1.3% |
| 2011 | 1,480 Thousand tonnes of oil equivalent | +0.9% |
| 2012 | 1,509 Thousand tonnes of oil equivalent | +2.0% |
| 2013 | 1,558 Thousand tonnes of oil equivalent | +3.2% |
| 2014 | 1,558 Thousand tonnes of oil equivalent | +0.0% |
| 2015 | 1,616 Thousand tonnes of oil equivalent | +3.7% |
| 2016 | 1,595 Thousand tonnes of oil equivalent | -1.3% |
| 2017 | 1,654 Thousand tonnes of oil equivalent | +3.7% |
| 2018 | 1,705 Thousand tonnes of oil equivalent | +3.1% |
| 2019 | 1,676 Thousand tonnes of oil equivalent | -1.7% |
| 2020 | 1,645 Thousand tonnes of oil equivalent | -1.9% |
| 2021 | 1,687 Thousand tonnes of oil equivalent | +2.5% |
| 2022 | 1,730 Thousand tonnes of oil equivalent | +2.6% |
| 2023 | 1,741 Thousand tonnes of oil equivalent | +0.6% |
| 2024 | 1,686 Thousand tonnes of oil equivalent | -3.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 448.98 Thousand tonnes of oil equivalent | 386.41 Thousand tonnes of oil equivalent | 618.06 Thousand tonnes of oil equivalent | 10 |
| 2000s | 904.15 Thousand tonnes of oil equivalent | 660.71 Thousand tonnes of oil equivalent | 1,448 Thousand tonnes of oil equivalent | 10 |
| 2010s | 1,582 Thousand tonnes of oil equivalent | 1,467 Thousand tonnes of oil equivalent | 1,705 Thousand tonnes of oil equivalent | 10 |
| 2020s | 1,698 Thousand tonnes of oil equivalent | 1,645 Thousand tonnes of oil equivalent | 1,741 Thousand tonnes of oil equivalent | 5 |
Countries ranked near Iceland
- 26 Ireland 2,708 Thousand tonnes of oil equivalent compare
- 27 Slovakia 2,586 Thousand tonnes of oil equivalent compare
- 27 Slovakia 2,586 Thousand tonnes of oil equivalent compare
- 30 Slovenia 1,461 Thousand tonnes of oil equivalent compare
- 30 Slovenia 1,461 Thousand tonnes of oil equivalent compare
- 32 Bosnia and Herzegovina 1,370 Thousand 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 production of electricity and derived heat by type of fuel in Iceland?
- Production of electricity and derived heat by type of fuel in Iceland was 1,686 Thousand tonnes of oil equivalent in 2024, according to Eurostat.
- What is the highest production of electricity and derived heat by type of fuel recorded in Iceland?
- The highest recorded value was 1,741 Thousand tonnes of oil equivalent in 2023.
- What is the lowest production of electricity and derived heat by type of fuel recorded in Iceland?
- The lowest recorded value was 386.41 Thousand tonnes of oil equivalent in 1991.
- How does Iceland rank for production of electricity and derived heat by type of fuel?
- Iceland ranks 29th out of 50 countries with data for 2024.
- Is production of electricity and derived heat by type of fuel rising or falling in Iceland?
- Over the last ten years it is up 8.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Production of electricity and derived heat by type of fuel. Statizoid updates them automatically from the source API.
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