Foreign Card Spending

Debit & credit card turnover · Inflation-adjusted analysis

Trailing 12 Months
ISK
358.1B
-3.7%real
+0.4% nominal
Apr 2026
ISK
21.8B
-11.9%real YoY
-7.2% nominal
Per Visitor
ISK
146k
-13.5%real YoY
-9.0% nominal
Visitors
Apr 2026
149k
+1.9%YoY

Monthly Card Turnover

Year-over-year comparison · Inflation-adjusted

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

Spending per Visitor

Key Metric

Real ISK per visitor · Inflation-adjusted

May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26Mar '26Apr '26112k137k162k199k0k200k400k600k800k
May '25 – Apr '26
May '24 – Apr '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.