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

Cyprus

36.74 billion current US$

in 2025

Iceland

34.70 billion current US$

in 2025

Cyprus rank

103rd

Iceland rank

105th

Gross value added at basic prices (GVA) over time

Cyprus
Iceland

How they compare

Cyprus currently reports 36.74 billion current US$ against 34.70 billion current US$ in Iceland, a difference of 2.04 billion current US$.

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

The two have swapped places 2 times across 31 shared years of data; in 1995 it was Cyprus ahead.

Globally, Cyprus ranks 103rd and Iceland ranks 105th of 206 countries.

Individual pages

About this data

Indicator: Gross value added at basic prices (GVA) (current US$)
Unit: current US$
Source: Country official statistics, National Statistical Offices (NSOs)
Licence: CC BY 4.0 (World Bank Open Data)
Coverage: 244 places, 10,967 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 indicator is expressed in United States dollars.