GDP in Iceland
Iceland: GDP was 3.56 trillion constant LCU in 2024. β² Rising
GDP in Iceland, 1970β2024
Source: UNESCO Institute for Statistics. Measured in constant LCU.
Analysis
Iceland recorded 3.56 trillion constant LCU for gdp in 2024. 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 in Iceland peaked at 3.56 trillion constant LCU in 2024 and was at its lowest, 565.57 billion constant LCU, in 1970.
Iceland ranks 63rd of 209 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.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 778.61 billion constant LCU | 565.57 billion constant LCU | 988.93 billion constant LCU | 10 |
| 1980s | 1.20 trillion constant LCU | 1.05 trillion constant LCU | 1.35 trillion constant LCU | 10 |
| 1990s | 1.45 trillion constant LCU | 1.32 trillion constant LCU | 1.72 trillion constant LCU | 10 |
| 2000s | 2.16 trillion constant LCU | 1.80 trillion constant LCU | 2.59 trillion constant LCU | 10 |
| 2010s | 2.68 trillion constant LCU | 2.33 trillion constant LCU | 3.15 trillion constant LCU | 10 |
| 2020s | 3.29 trillion constant LCU | 2.93 trillion constant LCU | 3.56 trillion constant LCU | 5 |
Countries ranked near Iceland
More population data for Iceland
- Population growth rate by level of development -0.502 (2100)
- Projected population under age 5 13,661 (2100)
- Population density 3.6 (2100)
- Population growth rate -0.502 (2100)
- Fertility and wanted fertility 1.56 (2024)
- Refugee population by country or territory of asylum 7,879 (2024)
- Fertility vs unmet contraception 1.56 (2024)
- Fertility vs contraception 1.56 (2024)
- Natural population growth 0.4476 (2023)
- Fertility rate with projections 1.54 (2023)
Frequently asked questions
- What is gdp in Iceland?
- Gdp in Iceland was 3.56 trillion constant LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Iceland?
- The highest recorded value was 3.56 trillion constant LCU in 2024.
- What is the lowest gdp recorded in Iceland?
- The lowest recorded value was 565.57 billion constant LCU in 1970.
- How does Iceland rank for gdp?
- Iceland ranks 63rd out of 209 countries with data for 2024.
- Is gdp 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 (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV Β· JSON β 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release