GDP in Iceland
Iceland: GDP was 38.58 billion current US$ in 2025. ◆ Volatile
GDP in Iceland, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
In 2025, gdp in Iceland stood at 38.58 billion current US$. That is the highest value across all 66 years on record.
The figure is up 16.3% on the previous year and up 118.0% over ten years.
Over the whole period, gdp in Iceland peaked at 38.58 billion current US$ in 2025 and was at its lowest, 260.98 million current US$, in 1960.
Iceland ranks 107th of 213 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 443.79 million current US$ | 260.98 million current US$ | 660.66 million current US$ | 10 |
| 1970s | 1.59 billion current US$ | 545.12 million current US$ | 2.95 billion current US$ | 10 |
| 1980s | 4.14 billion current US$ | 2.86 billion current US$ | 6.32 billion current US$ | 10 |
| 1990s | 7.47 billion current US$ | 6.44 billion current US$ | 9.11 billion current US$ | 10 |
| 2000s | 14.06 billion current US$ | 8.32 billion current US$ | 21.96 billion current US$ | 10 |
| 2010s | 19.41 billion current US$ | 13.92 billion current US$ | 26.68 billion current US$ | 10 |
| 2020s | 30.15 billion current US$ | 22.03 billion current US$ | 38.58 billion current US$ | 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 38.58 billion current US$ 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 38.58 billion current US$ in 2025.
- What is the lowest gdp recorded in Iceland?
- The lowest recorded value was 260.98 million current US$ in 1960.
- How does Iceland rank for gdp?
- Iceland ranks 107th out of 213 countries with data for 2025.
- Is gdp rising or falling in Iceland?
- Over the last ten years it is up 118.0%. 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 (current US$). 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 current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.