GDP, PPP in Iceland
Iceland: GDP, PPP was 26.71 billion constant 2021 international $ in 2025. ▲ Rising
GDP, PPP in Iceland, 1990–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in constant 2021 international $.
Analysis
The most recent figure for gdp, ppp in Iceland is 26.71 billion constant 2021 international $, measured in 2025.
Compared with earlier readings it is up 1.3% on the previous year and up 30.6% over ten years.
Over the whole period, gdp, ppp in Iceland peaked at 26.71 billion constant 2021 international $ in 2023 and was at its lowest, 10.59 billion constant 2021 international $, in 1992.
Iceland ranks 149th of 199 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 36 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 11.57 billion constant 2021 international $ | 10.59 billion constant 2021 international $ | 13.46 billion constant 2021 international $ | 10 |
| 2000s | 16.95 billion constant 2021 international $ | 14.12 billion constant 2021 international $ | 20.30 billion constant 2021 international $ | 10 |
| 2010s | 20.63 billion constant 2021 international $ | 18.20 billion constant 2021 international $ | 23.80 billion constant 2021 international $ | 10 |
| 2020s | 25.13 billion constant 2021 international $ | 22.21 billion constant 2021 international $ | 26.71 billion constant 2021 international $ | 6 |
Countries ranked near Iceland
- 146 Sierra Leone 28.01 billion constant 2021 international $ compare
- 147 Somalia 27.59 billion constant 2021 international $ compare
- 148 Equatorial Guinea 26.72 billion constant 2021 international $ compare
- 151 Palestine 23.13 billion constant 2021 international $ compare
- 152 Montenegro 18.01 billion constant 2021 international $ 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, ppp in Iceland?
- Gdp, ppp in Iceland was 26.71 billion constant 2021 international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Iceland?
- The highest recorded value was 26.71 billion constant 2021 international $ in 2023.
- What is the lowest gdp, ppp recorded in Iceland?
- The lowest recorded value was 10.59 billion constant 2021 international $ in 1992.
- How does Iceland rank for gdp, ppp?
- Iceland ranks 149th out of 199 countries with data for 2025.
- Is gdp, ppp rising or falling in Iceland?
- Over the last ten years it is up 30.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (constant 2021 international $). Statizoid updates them automatically from the source API.
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CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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 is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.