GDP in Iceland
Iceland: GDP was 4.62 trillion current LCU in 2024. β Volatile
GDP in Iceland, 1970β2024
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 72nd out of 208 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.
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 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 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 72nd out of 208 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 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