GDP in Iceland
Iceland: GDP was 3.59 trillion constant LCU in 2025. ◆ Volatile
GDP in Iceland, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iceland recorded 3.59 trillion constant LCU for gdp in 2025.
The figure is up 1.3% on the previous year and up 30.6% over ten years.
Over the whole period, gdp in Iceland peaked at 3.59 trillion constant LCU in 2023 and was at its lowest, 387.23 billion constant LCU, in 1961.
That places Iceland 65th out of 214 countries with data for 2025, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 500.90 billion constant LCU | 387.23 billion constant LCU | 593.07 billion constant LCU | 10 |
| 1970s | 838.24 billion constant LCU | 608.88 billion constant LCU | 1.06 trillion constant LCU | 10 |
| 1980s | 1.29 trillion constant LCU | 1.13 trillion constant LCU | 1.46 trillion constant LCU | 10 |
| 1990s | 1.55 trillion constant LCU | 1.42 trillion constant LCU | 1.81 trillion constant LCU | 10 |
| 2000s | 2.28 trillion constant LCU | 1.90 trillion constant LCU | 2.73 trillion constant LCU | 10 |
| 2010s | 2.77 trillion constant LCU | 2.44 trillion constant LCU | 3.20 trillion constant LCU | 10 |
| 2020s | 3.38 trillion constant LCU | 2.98 trillion constant LCU | 3.59 trillion constant LCU | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
- Taxes less subsidies on products 3.88 billion current US$ (2025)
- Net primary income (Net income from abroad) -40.83 billion current LCU (2024)
- Net primary income (Net income from abroad) -295.94 million current US$ (2024)
- GNI per capita 12.60 million current LCU (2025)
- GNI per capita, Atlas method 89,220 current US$ (2025)
- GNI 4.94 trillion current LCU (2025)
Frequently asked questions
- What is gdp in Iceland?
- Gdp in Iceland was 3.59 trillion constant LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Iceland?
- The highest recorded value was 3.59 trillion constant LCU in 2023.
- What is the lowest gdp recorded in Iceland?
- The lowest recorded value was 387.23 billion constant LCU in 1961.
- How does Iceland rank for gdp?
- Iceland ranks 65th out of 214 countries with data for 2025.
- Is gdp rising or falling in Iceland?
- Over the last ten years it is up 30.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (constant LCU). Statizoid updates them automatically from the source API.
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.