GDP growth in Iceland
Iceland: GDP growth was 1.3% in 2025. ◆ Volatile
GDP growth in Iceland, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
In 2025, gdp growth in Iceland stood at 1.3%.
The figure is up 199.7% on the previous year and down 66.0% over ten years.
Over the whole period, gdp growth in Iceland peaked at 13.1% in 1971 and was at its lowest, -8.3%, in 2009.
Iceland ranks 167th of 214 countries on this measure, in the bottom quarter.
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 | 4.5% | -5.5% | 10.3% | 9 |
| 1970s | 6.6% | 0.6% | 13.1% | 10 |
| 1980s | 3.2% | -2.2% | 8.5% | 10 |
| 1990s | 2.2% | -3.4% | 7.0% | 10 |
| 2000s | 3.4% | -8.3% | 8.7% | 10 |
| 2010s | 2.5% | -2.2% | 6.2% | 10 |
| 2020s | 2.1% | -6.6% | 8.9% | 6 |
Countries ranked near Iceland
- 164 Australia 1.4% compare
- 165 Switzerland 1.3% compare
- 166 Belarus 1.3% compare
- 168 Japan 1.2% compare
- 169 French Polynesia 1.1% compare
- 170 South Africa 1.1% compare
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 growth in Iceland?
- Gdp growth in Iceland was 1.3% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp growth recorded in Iceland?
- The highest recorded value was 13.1% in 1971.
- What is the lowest gdp growth recorded in Iceland?
- The lowest recorded value was -8.3% in 2009.
- How does Iceland rank for gdp growth?
- Iceland ranks 167th out of 214 countries with data for 2025.
- Is gdp growth rising or falling in Iceland?
- Over the last ten years it is down 66.0%. 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 growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.