Inflation, GDP deflator in Iceland
Iceland: Inflation, GDP deflator was 6.9% in 2025. ◆ Volatile
Inflation, GDP deflator in Iceland, 1961–2025
Source: Country official statistics, National Statistical Offices (NSOs). Measured in annual %.
Analysis
The most recent figure for inflation, gdp deflator in Iceland is 6.9%, measured in 2025.
The figure is up 13.5% on the previous year and up 1.8% over ten years.
Over the whole period, inflation, gdp deflator in Iceland peaked at 77.3% in 1983 and was at its lowest, 0.5%, in 2003.
Iceland ranks 43rd of 213 countries on this measure, in the top 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 | 12.1% | 2.8% | 20.9% | 9 |
| 1970s | 31.1% | 12.6% | 46.2% | 10 |
| 1980s | 38.2% | 19.9% | 77.3% | 10 |
| 1990s | 4.8% | 1.8% | 15.2% | 10 |
| 2000s | 6.1% | 0.5% | 12.2% | 10 |
| 2010s | 3.9% | 1.6% | 6.8% | 10 |
| 2020s | 6.3% | 4.3% | 8.8% | 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 inflation, gdp deflator in Iceland?
- Inflation, gdp deflator in Iceland was 6.9% in 2025, according to Country official statistics, National Statistical Offices (NSOs).
- What is the highest inflation, gdp deflator recorded in Iceland?
- The highest recorded value was 77.3% in 1983.
- What is the lowest inflation, gdp deflator recorded in Iceland?
- The lowest recorded value was 0.5% in 2003.
- How does Iceland rank for inflation, gdp deflator?
- Iceland ranks 43rd out of 213 countries with data for 2025.
- Is inflation, gdp deflator rising or falling in Iceland?
- Over the last ten years it is up 1.8%. 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 Offices (NSOs), published as part of Inflation, GDP deflator (annual %). Statizoid updates them automatically from the source API.
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About this data
Inflation as measured by the annual growth rate of the GDP implicit deflator shows the rate of price change in the economy as a whole. The GDP implicit deflator is the ratio of GDP in current local currency to GDP in constant local currency.