GDP at market prices (constant 2010 US$) in Iceland
Iceland: GDP at market prices (constant 2010 US$) was 23.45 billion constant 2010 US$ in 2024. ▲ Rising
Latest (2024)
23.45 billion constant 2010 US$
Change on year
up 0.5%
World rank
114th
of 208 countries
All-time high
23.45 billion constant 2010 US$
in 2024
All-time low
3.72 billion constant 2010 US$
in 1970
Years of data
55
1970–2024
GDP at market prices in Iceland, 1970–2024
Source: UNESCO Institute for Statistics. Measured in constant 2010 US$.
Analysis
In 2024, gdp at market prices in Iceland stood at 23.45 billion constant 2010 US$. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 0.5% on the previous year and up 39.8% over ten years.
Over the whole period, gdp at market prices in Iceland peaked at 23.45 billion constant 2010 US$ in 2024 and was at its lowest, 3.72 billion constant 2010 US$, in 1970.
Iceland ranks 114th of 208 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 55 years of available data.
GDP at market prices (constant 2010 US$) in Iceland, year by year
| Year | constant 2010 US$ | Change |
|---|---|---|
| 1970 | 3.72 billion constant 2010 US$ | — |
| 1971 | 4.21 billion constant 2010 US$ | +13.1% |
| 1972 | 4.47 billion constant 2010 US$ | +6.2% |
| 1973 | 4.78 billion constant 2010 US$ | +6.8% |
| 1974 | 5.05 billion constant 2010 US$ | +5.7% |
| 1975 | 5.08 billion constant 2010 US$ | +0.6% |
| 1976 | 5.38 billion constant 2010 US$ | +6.0% |
| 1977 | 5.86 billion constant 2010 US$ | +8.8% |
| 1978 | 6.21 billion constant 2010 US$ | +6.0% |
| 1979 | 6.51 billion constant 2010 US$ | +4.9% |
| 1980 | 6.89 billion constant 2010 US$ | +5.7% |
| 1981 | 7.18 billion constant 2010 US$ | +4.3% |
| 1982 | 7.34 billion constant 2010 US$ | +2.2% |
| 1983 | 7.18 billion constant 2010 US$ | -2.2% |
| 1984 | 7.47 billion constant 2010 US$ | +4.1% |
| 1985 | 7.72 billion constant 2010 US$ | +3.3% |
| 1986 | 8.20 billion constant 2010 US$ | +6.3% |
| 1987 | 8.91 billion constant 2010 US$ | +8.5% |
| 1988 | 8.90 billion constant 2010 US$ | -0.1% |
| 1989 | 8.92 billion constant 2010 US$ | +0.3% |
| 1990 | 9.03 billion constant 2010 US$ | +1.2% |
| 1991 | 9.00 billion constant 2010 US$ | -0.2% |
| 1992 | 8.70 billion constant 2010 US$ | -3.4% |
| 1993 | 8.82 billion constant 2010 US$ | +1.3% |
| 1994 | 9.13 billion constant 2010 US$ | +3.6% |
| 1995 | 9.14 billion constant 2010 US$ | +0.1% |
| 1996 | 9.56 billion constant 2010 US$ | +4.6% |
| 1997 | 10.11 billion constant 2010 US$ | +5.8% |
| 1998 | 10.86 billion constant 2010 US$ | +7.4% |
| 1999 | 11.30 billion constant 2010 US$ | +4.0% |
| 2000 | 11.86 billion constant 2010 US$ | +5.0% |
| 2001 | 12.34 billion constant 2010 US$ | +4.0% |
| 2002 | 12.40 billion constant 2010 US$ | +0.6% |
| 2003 | 12.67 billion constant 2010 US$ | +2.1% |
| 2004 | 13.66 billion constant 2010 US$ | +7.8% |
| 2005 | 14.50 billion constant 2010 US$ | +6.1% |
| 2006 | 15.41 billion constant 2010 US$ | +6.3% |
| 2007 | 16.71 billion constant 2010 US$ | +8.5% |
| 2008 | 17.08 billion constant 2010 US$ | +2.2% |
| 2009 | 15.77 billion constant 2010 US$ | -7.7% |
| 2010 | 15.33 billion constant 2010 US$ | -2.8% |
| 2011 | 15.61 billion constant 2010 US$ | +1.8% |
| 2012 | 15.78 billion constant 2010 US$ | +1.1% |
| 2013 | 16.49 billion constant 2010 US$ | +4.6% |
| 2014 | 16.77 billion constant 2010 US$ | +1.7% |
| 2015 | 17.52 billion constant 2010 US$ | +4.4% |
| 2016 | 18.62 billion constant 2010 US$ | +6.3% |
| 2017 | 19.40 billion constant 2010 US$ | +4.2% |
| 2018 | 20.35 billion constant 2010 US$ | +4.9% |
| 2019 | 20.73 billion constant 2010 US$ | +1.9% |
| 2020 | 19.29 billion constant 2010 US$ | -6.9% |
| 2021 | 20.26 billion constant 2010 US$ | +5.0% |
| 2022 | 22.08 billion constant 2010 US$ | +9.0% |
| 2023 | 23.33 billion constant 2010 US$ | +5.6% |
| 2024 | 23.45 billion constant 2010 US$ | +0.5% |
Iceland compared with similar countries
- Iceland's 23.45 billion constant 2010 US$ is below the median for high income countries, which is 73.34 billion constant 2010 US$, 32% of the median. (80 countries reporting)
- Iceland's 23.45 billion constant 2010 US$ is below the median for Europe & Central Asia, which is 69.56 billion constant 2010 US$, 34% of the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 5.13 billion constant 2010 US$ | 3.72 billion constant 2010 US$ | 6.51 billion constant 2010 US$ | 10 |
| 1980s | 7.87 billion constant 2010 US$ | 6.89 billion constant 2010 US$ | 8.92 billion constant 2010 US$ | 10 |
| 1990s | 9.57 billion constant 2010 US$ | 8.70 billion constant 2010 US$ | 11.30 billion constant 2010 US$ | 10 |
| 2000s | 14.24 billion constant 2010 US$ | 11.86 billion constant 2010 US$ | 17.08 billion constant 2010 US$ | 10 |
| 2010s | 17.66 billion constant 2010 US$ | 15.33 billion constant 2010 US$ | 20.73 billion constant 2010 US$ | 10 |
| 2020s | 21.68 billion constant 2010 US$ | 19.29 billion constant 2010 US$ | 23.45 billion constant 2010 US$ | 5 |
Countries ranked near Iceland
- 111 Papua New Guinea 27.20 billion constant 2010 US$ compare
- 112 Georgia 25.13 billion constant 2010 US$ compare
- 113 Zimbabwe 23.63 billion constant 2010 US$ compare
- 115 Mali 22.23 billion constant 2010 US$ compare
- 116 Trinidad and Tobago 22.14 billion constant 2010 US$ compare
- 117 Bosnia and Herzegovina 21.19 billion constant 2010 US$ 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)
- Population growth rate -0.502 (2100)
- Population density 3.6 (2100)
- Projected population under age 5 13,661 (2100)
Frequently asked questions
- What is gdp at market prices in Iceland?
- Gdp at market prices in Iceland was 23.45 billion constant 2010 US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp at market prices recorded in Iceland?
- The highest recorded value was 23.45 billion constant 2010 US$ in 2024.
- What is the lowest gdp at market prices recorded in Iceland?
- The lowest recorded value was 3.72 billion constant 2010 US$ in 1970.
- How does Iceland rank for gdp at market prices?
- Iceland ranks 114th out of 208 countries with data for 2024.
- Is gdp at market prices rising or falling in Iceland?
- Over the last ten years it is up 39.8%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP at market prices (constant 2010 US$). Statizoid updates them automatically from the source API.
Download this data
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About this data
February 2026 Data Release