GDP (current LCU) (UNESCO Institute) in Iceland
Iceland: GDP (current LCU) (UNESCO Institute) was 4.62 trillion current LCU in 2024. ◆ Volatile
Latest (2024)
4.62 trillion current LCU
Change on year
up 6.4%
World rank
73rd
of 211 countries
All-time high
4.62 trillion current LCU
in 2024
All-time low
463.50 million current LCU
in 1970
Years of data
55
1970–2024
GDP in Iceland, 1970–2024
Source: UNESCO Institute for Statistics. Measured in current LCU.
Analysis
Iceland recorded 4.62 trillion current LCU for gdp in 2024. That is the highest value across all 55 years on record.
The figure is up 6.4% on the previous year and up 121.3% over ten years.
Over the whole period, gdp in Iceland peaked at 4.62 trillion current LCU in 2024 and was at its lowest, 463.50 million current LCU, in 1970.
That places Iceland 73rd out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU) (UNESCO Institute) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1970 | 463.50 million current LCU | — |
| 1971 | 589.82 million current LCU | +27.3% |
| 1972 | 741.08 million current LCU | +25.6% |
| 1973 | 1.04 billion current LCU | +40.4% |
| 1974 | 1.51 billion current LCU | +45.5% |
| 1975 | 2.16 billion current LCU | +42.8% |
| 1976 | 3.04 billion current LCU | +40.6% |
| 1977 | 4.39 billion current LCU | +44.4% |
| 1978 | 6.81 billion current LCU | +55.0% |
| 1979 | 10.06 billion current LCU | +47.7% |
| 1980 | 16.22 billion current LCU | +61.2% |
| 1981 | 25.23 billion current LCU | +55.5% |
| 1982 | 39.61 billion current LCU | +57.0% |
| 1983 | 68.71 billion current LCU | +73.5% |
| 1984 | 90.78 billion current LCU | +32.1% |
| 1985 | 123.86 billion current LCU | +36.4% |
| 1986 | 163.99 billion current LCU | +32.4% |
| 1987 | 213.51 billion current LCU | +30.2% |
| 1988 | 262.67 billion current LCU | +23.0% |
| 1989 | 323.57 billion current LCU | +23.2% |
| 1990 | 377.02 billion current LCU | +16.5% |
| 1991 | 407.65 billion current LCU | +8.1% |
| 1992 | 407.48 billion current LCU | -0.0% |
| 1993 | 420.40 billion current LCU | +3.2% |
| 1994 | 446.91 billion current LCU | +6.3% |
| 1995 | 460.84 billion current LCU | +3.1% |
| 1996 | 493.83 billion current LCU | +7.2% |
| 1997 | 536.72 billion current LCU | +8.7% |
| 1998 | 603.41 billion current LCU | +12.4% |
| 1999 | 649.72 billion current LCU | +7.7% |
| 2000 | 709.56 billion current LCU | +9.2% |
| 2001 | 802.28 billion current LCU | +13.1% |
| 2002 | 854.14 billion current LCU | +6.5% |
| 2003 | 876.73 billion current LCU | +2.6% |
| 2004 | 970.42 billion current LCU | +10.7% |
| 2005 | 1.06 trillion current LCU | +9.4% |
| 2006 | 1.23 trillion current LCU | +15.5% |
| 2007 | 1.39 trillion current LCU | +13.2% |
| 2008 | 1.59 trillion current LCU | +14.6% |
| 2009 | 1.63 trillion current LCU | +2.3% |
| 2010 | 1.68 trillion current LCU | +3.4% |
| 2011 | 1.77 trillion current LCU | +5.0% |
| 2012 | 1.85 trillion current LCU | +4.5% |
| 2013 | 1.97 trillion current LCU | +6.8% |
| 2014 | 2.09 trillion current LCU | +5.9% |
| 2015 | 2.31 trillion current LCU | +10.8% |
| 2016 | 2.51 trillion current LCU | +8.7% |
| 2017 | 2.64 trillion current LCU | +5.2% |
| 2018 | 2.84 trillion current LCU | +7.6% |
| 2019 | 3.03 trillion current LCU | +6.4% |
| 2020 | 2.93 trillion current LCU | -3.2% |
| 2021 | 3.27 trillion current LCU | +11.7% |
| 2022 | 3.88 trillion current LCU | +18.6% |
| 2023 | 4.34 trillion current LCU | +11.8% |
| 2024 | 4.62 trillion current LCU | +6.4% |
Iceland compared with similar countries
- Iceland's 4.62 trillion current LCU is above the median for high income countries, which is 220.22 billion current LCU, 21.0× the median. (82 countries reporting)
- Iceland's 4.62 trillion current LCU is above the median for Europe & Central Asia, which is 481.94 billion current LCU, 9.6× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.08 billion current LCU | 463.50 million current LCU | 10.06 billion current LCU | 10 |
| 1980s | 132.82 billion current LCU | 16.22 billion current LCU | 323.57 billion current LCU | 10 |
| 1990s | 480.40 billion current LCU | 377.02 billion current LCU | 649.72 billion current LCU | 10 |
| 2000s | 1.11 trillion current LCU | 709.56 billion current LCU | 1.63 trillion current LCU | 10 |
| 2010s | 2.27 trillion current LCU | 1.68 trillion current LCU | 3.03 trillion current LCU | 10 |
| 2020s | 3.81 trillion current LCU | 2.93 trillion current LCU | 4.62 trillion current 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 4.62 trillion current LCU in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Iceland?
- The highest recorded value was 4.62 trillion current LCU in 2024.
- What is the lowest gdp recorded in Iceland?
- The lowest recorded value was 463.50 million current LCU in 1970.
- How does Iceland rank for gdp?
- Iceland ranks 73rd out of 211 countries with data for 2024.
- Is gdp rising or falling in Iceland?
- Over the last ten years it is up 121.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from UNESCO Institute for Statistics, published as part of GDP (current 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