Foreign Card Spending

Debit & credit card turnover · Inflation-adjusted analysis

Trailing 12 Months
ISK
363.7B
-5.0%real
-0.5% nominal
Jul 2026
ISK
53.7B
+0.8%real YoY
+6.1% nominal
Per Visitor
ISK
—
0.0%real YoY
0.0% nominal
Visitors
Jul 2026
—
-100.0%YoY

Monthly Card Turnover

Year-over-year comparison · Inflation-adjusted

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

Spending per Visitor

Key Metric

Real ISK per visitor · Inflation-adjusted

Aug '25Sep '25Oct '25Nov '25Dec '25Jan '26Feb '26Mar '26Apr '26May '26Jun '26Jul '26114k139k164k201k0k200k400k600k800k
Aug '25 – Jul '26
Aug '24 – Jul '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.