Iceland's current health expenditure per capita (current US$) was US$7,642 in 2024, the latest year in the World Bank's World Development Indicators. That is up 68.95% from US$4,523 in 2014 (5.38% a year on average, compounded).
Key figures
| Value | Year | |
|---|---|---|
| Latest | US$7,642 | 2024 |
| Five years earlier | US$5,912 | 2019 |
| Ten years earlier | US$4,523 | 2014 |
| Highest | US$7,642 | 2024 |
| Lowest | US$2,529 | 2001 |
| Average since 2015 | US$6,151 | 2015–2024 |
| First recorded | US$2,856 |
What the numbers say
In 2024, Iceland's current health expenditure per capita (current US$) rose US$576.95 on 2023 (from US$7,065 to US$7,642).
Across the 23 yearly changes before that (2001 to 2023), the average change was +US$183 and a typical year strayed about US$583.27 from that (the standard deviation). This year's change was 0.7 standard deviations above that average, so it was an ordinary year: it sits within the range of normal year-to-year movement.
On record, the biggest yearly rise was US$1,030 in 2021 and the biggest yearly fall was US$1,127 in 2009. The numbers show how large and when, not why; for the cause, look at what happened in that country in those years.
From 2015 to 2024 the straight-line trend is upward, about US$300.14 a year. A straight line explains 84% of the movement over 10 observed years.
Worked out from the yearly values above. How the checks work: standard deviation, z-scores and straight-line trends.
A straight-line projection, tested first
Extending that straight line gives about US$8,424 for 2027. We show this only because the same method, fitted on earlier years, predicted 2022 to 2024 better than "no change" would have: its average miss was US$102.46, against US$463.52 for assuming no change. Treat it as a continuation of the recent pattern, not a forecast of events: it cannot see a recession, a policy change or a revision to the data.
See how a linear trend forecast works and the guide on forecasting without fooling yourself.
How it compares
In 2024, Iceland had the 2nd highest value of the 22 economies reporting that year. Higher is not always better: for some indicators the lowest value is the one to aim for. See the full ranking.
| Value | Year | |
|---|---|---|
| Iceland | US$7,642 | 2024 |
| World | US$1,317 | 2023 |
| Europe & Central Asia | US$2,969 | 2023 |
| High income | US$6,100 | 2023 |
Closest to Iceland in the 2024 ranking
- Luxembourg — 1st of 22: US$8,170
- Ireland — 3rd of 22: US$7,395
- Germany — 4th of 22: US$6,849
- Netherlands — 5th of 22: US$6,845
What this measures
Current expenditures on health per capita in current US dollars. Estimates of current health expenditures include healthcare goods and services consumed during each year.
Regional and income-group figures are computed by the World Bank as a weighted average.
All 25 values
| Year | Current health expenditure per capita (current US$) |
|---|---|
| 2024 | 7,642 |
| 2023 | 7,065 |
| 2022 | 6,852 |
| 2021 | 6,722 |
| 2020 | 5,693 |
| 2019 | 5,912 |
| 2018 | 6,280 |
| 2017 | 5,992 |
| 2016 | 5,054 |
| 2015 | 4,304 |
| 2014 |
Current health expenditure per capita (current US$) in nearby economies
- Albania — US$590.63 (2023)
- Andorra — US$3,605 (2023)
- Armenia — US$766.96 (2023)
- Austria — US$6,739 (2024)
- Azerbaijan — US$299.81 (2023)
- Belarus — US$558.23 (2023)
- Belgium — US$5,931 (2023)
- Bosnia and Herzegovina — US$772.89 (2023)
- Bulgaria — US$1,258 (2023)
- Croatia
More health data for Iceland
- Population ages 00-04, female (% of female population) — 5.81% (2025)
- Population ages 00-04, male (% of male population) — 5.9% (2025)
- Population ages 0-14, female — 33,370 (2025)
- Population ages 0-14, female (% of female population) — 17.44% (2025)
- Population ages 0-14, male — 35,371 (2025)
- Population ages 0-14, male (% of male population) — 17.59% (2025)
- Population ages 0-14, total — 68,741 (2025)
- Population ages 0-14 (% of total population) — 17.52% (2025)
- Population ages 05-09, female (% of female population) — 5.64% (2025)
Reading data like this
Questions people ask
- What is Iceland's current health expenditure per capita (current US$)?
- US$7,642 in 2024, according to the World Bank (World Development Indicators).
- How has it changed since 2000?
- It is up 167.6% from US$2,856 in 2000 (4.19% a year on average, compounded). The highest value was US$7,642 in 2024 and the lowest US$2,529 in 2001.
Source
World Bank, World Development Indicators, indicator SH.XPD.CHEX.PC.CD, licensed CC BY 4.0. Original source: Global Health Expenditure Database, updated December 12th, 2025, World Health Organization (WHO), uri: http://apps.who.int/nha/database Figures are fetched from the World Bank API and refreshed monthly; see the series on data.worldbank.org. The full definition and method are in the World Bank's metadata glossary. Comparisons use the same World Bank release.
Want to ask your own questions of data like this? Try AnalyzeIt: upload a file or ask about public data in plain words, and every figure comes with its working.
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