GNI growth in Iceland
Iceland: GNI growth was -0.5% in 2024. ◆ Volatile
GNI growth in Iceland, 2001–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gni growth in Iceland is -0.5%, measured in 2024.
The figure is down 116.7% on the previous year and down 124.1% over ten years.
Over the whole period, gni growth in Iceland peaked at 12.0% in 2013 and was at its lowest, -15.7%, in 2008.
Iceland ranks 144th of 163 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 |
|---|---|---|---|---|
| 2000s | 1.1% | -15.7% | 8.8% | 9 |
| 2010s | 4.8% | 1.5% | 12.0% | 10 |
| 2020s | 1.7% | -6.4% | 9.0% | 5 |
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 gni growth in Iceland?
- Gni growth in Iceland was -0.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gni growth recorded in Iceland?
- The highest recorded value was 12.0% in 2013.
- What is the lowest gni growth recorded in Iceland?
- The lowest recorded value was -15.7% in 2008.
- How does Iceland rank for gni growth?
- Iceland ranks 144th out of 163 countries with data for 2024.
- Is gni growth rising or falling in Iceland?
- Over the last ten years it is down 124.1%. 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 GNI growth (annual %). Statizoid updates them automatically from the source API.
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About this data
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.