Final consumption expenditure (US dollar) in Iceland

The Final consumption expenditure (US dollar) in Iceland was last reported at 9704879737.19 in 2010, according to a World Bank report released in 2011. The Final consumption expenditure (US dollar) in Iceland was 9393577348.52 in 2009, according to a World Bank report, published in 2010. The Final consumption expenditure (US dollar) in Iceland was reported at 13158146551.17 in 2008, according to the World Bank. Final consumption expenditure (formerly total consumption) is the sum of household final consumption expenditure (private consumption) and general government final consumption expenditure (general government consumption). Data are in current U.S. dollars.This page includes a historical data chart, news and forecasts for Final consumption expenditure (US dollar) in Iceland. Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. The economy depends heavily on the fishing industry, which provides 40% of export earnings and employs 5% of the work force. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism.

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