GDP at market prices (constant 2010 US$), annual growth rate in Iceland
Iceland: GDP at market prices (constant 2010 US$), annual growth rate was 0.517 % change on previous year in 2024. ◆ Volatile
GDP at market prices (constant 2010 US$), annual growth rate in Iceland, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp at market prices (constant 2010 us$), annual growth rate in Iceland is 0.517 % change on previous year, measured in 2024.
The figure is down 90.8% on the previous year and down 69.4% over ten years.
Over the whole period, gdp at market prices (constant 2010 us$), annual growth rate in Iceland peaked at 13.06 % change on previous year in 1971 and was at its lowest, -7.66 % change on previous year, in 2009.
Iceland ranks 181st of 208 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP at market prices (constant 2010 US$), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 13.06 % change on previous year | — |
| 1972 | 6.18 % change on previous year | -52.7% |
| 1973 | 6.81 % change on previous year | +10.2% |
| 1974 | 5.71 % change on previous year | -16.2% |
| 1975 | 0.6462 % change on previous year | -88.7% |
| 1976 | 5.96 % change on previous year | +822.3% |
| 1977 | 8.82 % change on previous year | +48.0% |
| 1978 | 6.02 % change on previous year | -31.8% |
| 1979 | 4.86 % change on previous year | -19.2% |
| 1980 | 5.75 % change on previous year | +18.3% |
| 1981 | 4.26 % change on previous year | -25.8% |
| 1982 | 2.15 % change on previous year | -49.5% |
| 1983 | -2.15 % change on previous year | -199.8% |
| 1984 | 4.13 % change on previous year | -291.9% |
| 1985 | 3.29 % change on previous year | -20.3% |
| 1986 | 6.27 % change on previous year | +90.4% |
| 1987 | 8.55 % change on previous year | +36.3% |
| 1988 | -0.0897 % change on previous year | -101.0% |
| 1989 | 0.2584 % change on previous year | -388.0% |
| 1990 | 1.17 % change on previous year | +352.6% |
| 1991 | -0.2235 % change on previous year | -119.1% |
| 1992 | -3.37 % change on previous year | +1409.7% |
| 1993 | 1.31 % change on previous year | -138.9% |
| 1994 | 3.61 % change on previous year | +174.8% |
| 1995 | 0.1166 % change on previous year | -96.8% |
| 1996 | 4.57 % change on previous year | +3816.8% |
| 1997 | 5.77 % change on previous year | +26.4% |
| 1998 | 7.36 % change on previous year | +27.6% |
| 1999 | 4.03 % change on previous year | -45.2% |
| 2000 | 4.98 % change on previous year | +23.5% |
| 2001 | 4.01 % change on previous year | -19.5% |
| 2002 | 0.5594 % change on previous year | -86.1% |
| 2003 | 2.14 % change on previous year | +283.1% |
| 2004 | 7.8 % change on previous year | +264.1% |
| 2005 | 6.12 % change on previous year | -21.5% |
| 2006 | 6.32 % change on previous year | +3.1% |
| 2007 | 8.45 % change on previous year | +33.8% |
| 2008 | 2.21 % change on previous year | -73.9% |
| 2009 | -7.66 % change on previous year | -446.9% |
| 2010 | -2.83 % change on previous year | -63.0% |
| 2011 | 1.85 % change on previous year | -165.2% |
| 2012 | 1.06 % change on previous year | -42.4% |
| 2013 | 4.55 % change on previous year | +328.1% |
| 2014 | 1.69 % change on previous year | -62.9% |
| 2015 | 4.44 % change on previous year | +163.0% |
| 2016 | 6.3 % change on previous year | +42.1% |
| 2017 | 4.2 % change on previous year | -33.4% |
| 2018 | 4.89 % change on previous year | +16.5% |
| 2019 | 1.86 % change on previous year | -61.9% |
| 2020 | -6.94 % change on previous year | -472.9% |
| 2021 | 5.03 % change on previous year | -172.5% |
| 2022 | 8.98 % change on previous year | +78.4% |
| 2023 | 5.65 % change on previous year | -37.1% |
| 2024 | 0.517 % change on previous year | -90.8% |
Iceland compared with similar countries
- Iceland's 0.517 % change on previous year is below the median for high income countries, which is 2.19 % change on previous year, 24% of the median. (80 countries reporting)
- Iceland's 0.517 % change on previous year is below the median for Europe & Central Asia, which is 2.38 % change on previous year, 22% of the median. (54 countries reporting)
Biggest year-on-year movements
Years where GDP at market prices (constant 2010 US$), annual growth rate in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1996 | +3816.8% | 0.1166 % change on previous year | 4.57 % change on previous year |
| 1992 | -1409.7% | -0.2235 % change on previous year | -3.37 % change on previous year |
| 1976 | +822.3% | 0.6462 % change on previous year | 5.96 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.45 % change on previous year | 0.6462 % change on previous year | 13.06 % change on previous year | 9 |
| 1980s | 3.24 % change on previous year | -2.15 % change on previous year | 8.55 % change on previous year | 10 |
| 1990s | 2.43 % change on previous year | -3.37 % change on previous year | 7.36 % change on previous year | 10 |
| 2000s | 3.49 % change on previous year | -7.66 % change on previous year | 8.45 % change on previous year | 10 |
| 2010s | 2.8 % change on previous year | -2.83 % change on previous year | 6.3 % change on previous year | 10 |
| 2020s | 2.65 % change on previous year | -6.94 % change on previous year | 8.98 % change on previous year | 5 |
Countries ranked near Iceland
- 178 Italy 0.7258 % change on previous year compare
- 179 Micronesia (country) 0.7189 % change on previous year compare
- 180 South Africa 0.5799 % change on previous year compare
- 182 Hungary 0.5121 % change on previous year compare
- 183 Moldova 0.1031 % change on previous year compare
- 184 Japan 0.0837 % change on previous year compare
More population data for Iceland
- Population regions with projections, annual growth rate -0.4984 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -5.08 % change on previous year (2050)
- Population long run with projections, annual growth rate -0.4984 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.2688 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 408.78 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.4806 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.6617 % change on previous year (2100)
- World population growth -0.5% (2100)
- Population density 3.6 people per km² (2100)
- Number of children under 5, by world region 13,661 people (2100)
Frequently asked questions
- What is gdp at market prices (constant 2010 us$), annual growth rate in Iceland?
- Gdp at market prices (constant 2010 us$), annual growth rate in Iceland was 0.517 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp at market prices (constant 2010 us$), annual growth rate recorded in Iceland?
- The highest recorded value was 13.06 % change on previous year in 1971.
- What is the lowest gdp at market prices (constant 2010 us$), annual growth rate recorded in Iceland?
- The lowest recorded value was -7.66 % change on previous year in 2009.
- How does Iceland rank for gdp at market prices (constant 2010 us$), annual growth rate?
- Iceland ranks 181st out of 208 countries with data for 2024.
- Is gdp at market prices (constant 2010 us$), annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 69.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of GDP at market prices (constant 2010 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP at market prices UNESCO Institute for Statistics
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
The year-on-year percentage change in GDP at market prices (constant 2010 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.