Foreign Card Spending

Debit & credit card turnover · Inflation-adjusted analysis

Trailing 12 Months
ISK
360.1B
-2.6%real
+1.4% nominal
Feb 2026
ISK
21.5B
-5.6%real YoY
-0.7% nominal
Per Visitor
ISK
146k
-5.9%real YoY
-1.0% nominal
Visitors
Feb 2026
147k
+0.3%YoY

Monthly Card Turnover

Year-over-year comparison · Inflation-adjusted

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

Spending per Visitor

Key Metric

Real ISK per visitor · Inflation-adjusted

Mar '25Apr '25May '25Jun '25Jul '25Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26111k136k161k197k0k200k400k600k800k
Mar '25 – Feb '26
Mar '24 – Feb '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.