GDP (constant LCU) (UNESCO Institute) in Iceland
Iceland: GDP (constant LCU) (UNESCO Institute) was 3.56 trillion constant LCU in 2024. ▲ Rising
Latest (2024)
3.56 trillion constant LCU
Change on year
up 0.5%
World rank
64th
of 212 countries
All-time high
3.56 trillion constant LCU
in 2024
All-time low
565.57 billion constant LCU
in 1970
Years of data
55
1970–2024
GDP in Iceland, 1970–2024
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 64th of 212 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 (constant LCU) (UNESCO Institute) in Iceland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 1970 | 565.57 billion constant LCU | — |
| 1971 | 639.43 billion constant LCU | +13.1% |
| 1972 | 678.93 billion constant LCU | +6.2% |
| 1973 | 725.14 billion constant LCU | +6.8% |
| 1974 | 766.52 billion constant LCU | +5.7% |
| 1975 | 771.48 billion constant LCU | +0.6% |
| 1976 | 817.45 billion constant LCU | +6.0% |
| 1977 | 889.57 billion constant LCU | +8.8% |
| 1978 | 943.09 billion constant LCU | +6.0% |
| 1979 | 988.93 billion constant LCU | +4.9% |
| 1980 | 1.05 trillion constant LCU | +5.7% |
| 1981 | 1.09 trillion constant LCU | +4.3% |
| 1982 | 1.11 trillion constant LCU | +2.2% |
| 1983 | 1.09 trillion constant LCU | -2.2% |
| 1984 | 1.13 trillion constant LCU | +4.1% |
| 1985 | 1.17 trillion constant LCU | +3.3% |
| 1986 | 1.25 trillion constant LCU | +6.3% |
| 1987 | 1.35 trillion constant LCU | +8.5% |
| 1988 | 1.35 trillion constant LCU | -0.1% |
| 1989 | 1.35 trillion constant LCU | +0.3% |
| 1990 | 1.37 trillion constant LCU | +1.2% |
| 1991 | 1.37 trillion constant LCU | -0.2% |
| 1992 | 1.32 trillion constant LCU | -3.4% |
| 1993 | 1.34 trillion constant LCU | +1.3% |
| 1994 | 1.39 trillion constant LCU | +3.6% |
| 1995 | 1.39 trillion constant LCU | +0.1% |
| 1996 | 1.45 trillion constant LCU | +4.6% |
| 1997 | 1.54 trillion constant LCU | +5.8% |
| 1998 | 1.65 trillion constant LCU | +7.4% |
| 1999 | 1.72 trillion constant LCU | +4.0% |
| 2000 | 1.80 trillion constant LCU | +5.0% |
| 2001 | 1.87 trillion constant LCU | +4.0% |
| 2002 | 1.88 trillion constant LCU | +0.6% |
| 2003 | 1.92 trillion constant LCU | +2.1% |
| 2004 | 2.07 trillion constant LCU | +7.8% |
| 2005 | 2.20 trillion constant LCU | +6.1% |
| 2006 | 2.34 trillion constant LCU | +6.3% |
| 2007 | 2.54 trillion constant LCU | +8.5% |
| 2008 | 2.59 trillion constant LCU | +2.2% |
| 2009 | 2.40 trillion constant LCU | -7.7% |
| 2010 | 2.33 trillion constant LCU | -2.8% |
| 2011 | 2.37 trillion constant LCU | +1.8% |
| 2012 | 2.40 trillion constant LCU | +1.1% |
| 2013 | 2.50 trillion constant LCU | +4.6% |
| 2014 | 2.55 trillion constant LCU | +1.7% |
| 2015 | 2.66 trillion constant LCU | +4.4% |
| 2016 | 2.83 trillion constant LCU | +6.3% |
| 2017 | 2.95 trillion constant LCU | +4.2% |
| 2018 | 3.09 trillion constant LCU | +4.9% |
| 2019 | 3.15 trillion constant LCU | +1.9% |
| 2020 | 2.93 trillion constant LCU | -6.9% |
| 2021 | 3.08 trillion constant LCU | +5.0% |
| 2022 | 3.35 trillion constant LCU | +9.0% |
| 2023 | 3.54 trillion constant LCU | +5.6% |
| 2024 | 3.56 trillion constant LCU | +0.5% |
Iceland compared with similar countries
- Iceland's 3.56 trillion constant LCU is above the median for high income countries, which is 153.41 billion constant LCU, 23.2× the median. (83 countries reporting)
- Iceland's 3.56 trillion constant LCU is above the median for Europe & Central Asia, which is 410.71 billion constant LCU, 8.7× the median. (55 countries reporting)
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 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 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 64th out of 212 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 · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release