Foreign Card Spending

Debit & credit card turnover · Inflation-adjusted analysis

Trailing 12 Months
ISK
360.2B
-2.2%real
+1.7% nominal
Jan 2026
ISK
18.6B
-7.4%real YoY
-2.7% nominal
Per Visitor
ISK
156k
-6.4%real YoY
-1.6% nominal
Visitors
Jan 2026
119k
-1.1%YoY

Monthly Card Turnover

Year-over-year comparison · Inflation-adjusted

Feb '25Mar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '260B15B30B45B60B-20%-10%0%+10%+20%+1%-5%+6%+3%+6%+2%+2%-7%-14%-12%-13%-7%
Feb '24 – Jan '25
Feb '25 – Jan '26
YoY

Spending per Visitor

Key Metric

Real ISK per visitor · Inflation-adjusted

Feb '25Mar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26109k134k159k195k0k200k400k600k800k
Feb '25 – Jan '26
Feb '24 – Jan '25
Hotel nights

Annual Card Turnover

Total foreign card spending by year (nominal ISK billions)

'17'18'19'20'21'22'23'24'25'260B95B190B285B380B
Normal
COVID
YTD

Methodology

All values are inflation-adjusted using month-by-month CPI deflation from Statistics Iceland. This converts nominal ISK to constant 2025 ISK, enabling accurate year-over-year comparisons that reflect real purchasing power rather than nominal currency amounts.