GDP at market prices (constant 2010 US$), per unit of GDP in Iceland
Iceland: GDP at market prices (constant 2010 US$), per unit of GDP was 0.7066 constant 2010 US$ per US$ of GDP in 2024. ◆ Volatile
Latest (2024)
0.7066 constant 2010 US$ per US$ of GDP
Change on year
down 4.0%
World rank
181st
of 208 countries
All-time high
6.83 constant 2010 US$ per US$ of GDP
in 1970
All-time low
0.7066 constant 2010 US$ per US$ of GDP
in 2024
Years of data
55
1970–2024
GDP at market prices (constant 2010 US$), per unit of GDP in Iceland, 1970–2024
Source: Statizoid (derived). Measured in constant 2010 US$ per US$ of GDP.
Analysis
Iceland recorded 0.7066 constant 2010 US$ per US$ of GDP for gdp at market prices (constant 2010 us$), per unit of gdp in 2024. That is the lowest value across all 55 years on record.
Compared with earlier readings it is down 4.0% on the previous year and down 24.0% over ten years.
Over the whole period, gdp at market prices (constant 2010 us$), per unit of gdp in Iceland peaked at 6.83 constant 2010 US$ per US$ of GDP in 1970 and was at its lowest, 0.7066 constant 2010 US$ per US$ of GDP, in 2024.
That places Iceland 181st out of 208 countries with data for 2024, putting it 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$), per unit of GDP in Iceland, year by year
| Year | constant 2010 US$ per US$ of GDP | Change |
|---|---|---|
| 1970 | 6.83 constant 2010 US$ per US$ of GDP | — |
| 1971 | 6.07 constant 2010 US$ per US$ of GDP | -11.2% |
| 1972 | 5.15 constant 2010 US$ per US$ of GDP | -15.2% |
| 1973 | 4 constant 2010 US$ per US$ of GDP | -22.3% |
| 1974 | 3.22 constant 2010 US$ per US$ of GDP | -19.5% |
| 1975 | 3.49 constant 2010 US$ per US$ of GDP | +8.4% |
| 1976 | 3.12 constant 2010 US$ per US$ of GDP | -10.7% |
| 1977 | 2.56 constant 2010 US$ per US$ of GDP | -17.7% |
| 1978 | 2.39 constant 2010 US$ per US$ of GDP | -6.8% |
| 1979 | 2.21 constant 2010 US$ per US$ of GDP | -7.7% |
| 1980 | 1.97 constant 2010 US$ per US$ of GDP | -10.8% |
| 1981 | 1.99 constant 2010 US$ per US$ of GDP | +0.9% |
| 1982 | 2.21 constant 2010 US$ per US$ of GDP | +11.3% |
| 1983 | 2.51 constant 2010 US$ per US$ of GDP | +13.4% |
| 1984 | 2.52 constant 2010 US$ per US$ of GDP | +0.5% |
| 1985 | 2.5 constant 2010 US$ per US$ of GDP | -0.8% |
| 1986 | 1.99 constant 2010 US$ per US$ of GDP | -20.5% |
| 1987 | 1.56 constant 2010 US$ per US$ of GDP | -21.6% |
| 1988 | 1.41 constant 2010 US$ per US$ of GDP | -9.7% |
| 1989 | 1.52 constant 2010 US$ per US$ of GDP | +7.9% |
| 1990 | 1.35 constant 2010 US$ per US$ of GDP | -11.3% |
| 1991 | 1.26 constant 2010 US$ per US$ of GDP | -6.6% |
| 1992 | 1.19 constant 2010 US$ per US$ of GDP | -5.7% |
| 1993 | 1.37 constant 2010 US$ per US$ of GDP | +15.4% |
| 1994 | 1.38 constant 2010 US$ per US$ of GDP | +0.8% |
| 1995 | 1.24 constant 2010 US$ per US$ of GDP | -10.2% |
| 1996 | 1.24 constant 2010 US$ per US$ of GDP | +0.3% |
| 1997 | 1.31 constant 2010 US$ per US$ of GDP | +5.4% |
| 1998 | 1.26 constant 2010 US$ per US$ of GDP | -4.1% |
| 1999 | 1.24 constant 2010 US$ per US$ of GDP | -1.3% |
| 2000 | 1.3 constant 2010 US$ per US$ of GDP | +4.6% |
| 2001 | 1.48 constant 2010 US$ per US$ of GDP | +14.2% |
| 2002 | 1.32 constant 2010 US$ per US$ of GDP | -11.1% |
| 2003 | 1.1 constant 2010 US$ per US$ of GDP | -16.8% |
| 2004 | 0.9782 constant 2010 US$ per US$ of GDP | -10.7% |
| 2005 | 0.8454 constant 2010 US$ per US$ of GDP | -13.6% |
| 2006 | 0.8721 constant 2010 US$ per US$ of GDP | +3.2% |
| 2007 | 0.7611 constant 2010 US$ per US$ of GDP | -12.7% |
| 2008 | 0.9362 constant 2010 US$ per US$ of GDP | +23.0% |
| 2009 | 1.19 constant 2010 US$ per US$ of GDP | +27.5% |
| 2010 | 1.1 constant 2010 US$ per US$ of GDP | -7.8% |
| 2011 | 1.01 constant 2010 US$ per US$ of GDP | -7.9% |
| 2012 | 1.06 constant 2010 US$ per US$ of GDP | +4.1% |
| 2013 | 1.02 constant 2010 US$ per US$ of GDP | -3.8% |
| 2014 | 0.9291 constant 2010 US$ per US$ of GDP | -8.5% |
| 2015 | 0.9896 constant 2010 US$ per US$ of GDP | +6.5% |
| 2016 | 0.8832 constant 2010 US$ per US$ of GDP | -10.8% |
| 2017 | 0.7742 constant 2010 US$ per US$ of GDP | -12.3% |
| 2018 | 0.7629 constant 2010 US$ per US$ of GDP | -1.5% |
| 2019 | 0.8297 constant 2010 US$ per US$ of GDP | +8.8% |
| 2020 | 0.8755 constant 2010 US$ per US$ of GDP | +5.5% |
| 2021 | 0.7723 constant 2010 US$ per US$ of GDP | -11.8% |
| 2022 | 0.7568 constant 2010 US$ per US$ of GDP | -2.0% |
| 2023 | 0.7359 constant 2010 US$ per US$ of GDP | -2.8% |
| 2024 | 0.7066 constant 2010 US$ per US$ of GDP | -4.0% |
Iceland compared with similar countries
- Iceland's 0.7066 constant 2010 US$ per US$ of GDP is below the median for high income countries, which is 0.8229 constant 2010 US$ per US$ of GDP, 86% of the median. (80 countries reporting)
- Iceland's 0.7066 constant 2010 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.7841 constant 2010 US$ per US$ of GDP, 90% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.9 constant 2010 US$ per US$ of GDP | 2.21 constant 2010 US$ per US$ of GDP | 6.83 constant 2010 US$ per US$ of GDP | 10 |
| 1980s | 2.02 constant 2010 US$ per US$ of GDP | 1.41 constant 2010 US$ per US$ of GDP | 2.52 constant 2010 US$ per US$ of GDP | 10 |
| 1990s | 1.28 constant 2010 US$ per US$ of GDP | 1.19 constant 2010 US$ per US$ of GDP | 1.38 constant 2010 US$ per US$ of GDP | 10 |
| 2000s | 1.08 constant 2010 US$ per US$ of GDP | 0.7611 constant 2010 US$ per US$ of GDP | 1.48 constant 2010 US$ per US$ of GDP | 10 |
| 2010s | 0.9355 constant 2010 US$ per US$ of GDP | 0.7629 constant 2010 US$ per US$ of GDP | 1.1 constant 2010 US$ per US$ of GDP | 10 |
| 2020s | 0.7694 constant 2010 US$ per US$ of GDP | 0.7066 constant 2010 US$ per US$ of GDP | 0.8755 constant 2010 US$ per US$ of GDP | 5 |
Countries ranked near Iceland
- 178 Bosnia and Herzegovina 0.7127 constant 2010 US$ per US$ of GDP compare
- 179 Hungary 0.7091 constant 2010 US$ per US$ of GDP compare
- 180 North Macedonia 0.7084 constant 2010 US$ per US$ of GDP compare
- 182 Saudi Arabia 0.7013 constant 2010 US$ per US$ of GDP compare
- 183 Micronesia (country) 0.691 constant 2010 US$ per US$ of GDP compare
- 184 Iraq 0.6883 constant 2010 US$ per US$ of GDP 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$), per unit of gdp in Iceland?
- Gdp at market prices (constant 2010 us$), per unit of gdp in Iceland was 0.7066 constant 2010 US$ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gdp at market prices (constant 2010 us$), per unit of gdp recorded in Iceland?
- The highest recorded value was 6.83 constant 2010 US$ per US$ of GDP in 1970.
- What is the lowest gdp at market prices (constant 2010 us$), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.7066 constant 2010 US$ per US$ of GDP in 2024.
- How does Iceland rank for gdp at market prices (constant 2010 us$), per unit of gdp?
- Iceland ranks 181st out of 208 countries with data for 2024.
- Is gdp at market prices (constant 2010 us$), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 24.0%. 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$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GDP at market prices (constant 2010 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP at market prices (constant 2010 US$) ÷ GDP (current US$)
Computed from
- GDP at market prices UNESCO Institute for Statistics
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP at market prices (constant 2010 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.