Germany vs Iceland: Gross value added at basic prices (GVA)

Germany

4.04 trillion current LCU

in 2025

Iceland

4.46 trillion current LCU

in 2025

Germany rank

73rd

Iceland rank

71st

Gross value added at basic prices (GVA) over time

Germany
Iceland

How they compare

Iceland currently reports 4.46 trillion current LCU against 4.04 trillion current LCU in Germany, a difference of 412.09 billion current LCU.

That makes Iceland's figure about 1.1 times Germany's.

The two have swapped places 1 time across 53 shared years of data; in 1973 it was Germany ahead.

Globally, Germany ranks 73rd and Iceland ranks 71st of 206 countries.

Individual pages

About this data

Indicator: Gross value added at basic prices (GVA) (current LCU)
Unit: current LCU
Source: Country official statistics, National Statistical Organizations and/or Central Banks
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 206 places, 9,147 data points, 1960–2025
Last refreshed: 06 August 2026

Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.