GDP in Iceland
Iceland: GDP was 33.46 billion current US$ in 2024. β Volatile
GDP in Iceland, 1970β2024
Source: UNESCO Institute for Statistics. Measured in current US$.
Analysis
Iceland recorded 33.46 billion current US$ for gdp in 2024. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 6.4% on the previous year and up 87.3% over ten years.
Over the whole period, gdp in Iceland peaked at 33.46 billion current US$ in 2024 and was at its lowest, 526.71 million current US$, in 1970.
That places Iceland 108th out of 208 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.54 billion current US$ | 526.71 million current US$ | 2.85 billion current US$ | 10 |
| 1980s | 4.00 billion current US$ | 2.77 billion current US$ | 6.11 billion current US$ | 10 |
| 1990s | 7.27 billion current US$ | 6.22 billion current US$ | 8.98 billion current US$ | 10 |
| 2000s | 13.90 billion current US$ | 8.23 billion current US$ | 21.65 billion current US$ | 10 |
| 2010s | 19.17 billion current US$ | 13.75 billion current US$ | 26.26 billion current US$ | 10 |
| 2020s | 28.20 billion current US$ | 21.63 billion current US$ | 33.46 billion current US$ | 5 |
Countries ranked near Iceland
- 105 Cyprus 36.33 billion current US$ compare
- 106 El Salvador 35.37 billion current US$ compare
- 107 Georgia 33.78 billion current US$ compare
- 109 Papua New Guinea 32.54 billion current US$ compare
- 110 Senegal 32.27 billion current US$ compare
- 111 Bosnia and Herzegovina 28.34 billion current US$ compare
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 33.46 billion current US$ in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp recorded in Iceland?
- The highest recorded value was 33.46 billion current US$ in 2024.
- What is the lowest gdp recorded in Iceland?
- The lowest recorded value was 526.71 million current US$ in 1970.
- How does Iceland rank for gdp?
- Iceland ranks 108th out of 208 countries with data for 2024.
- Is gdp rising or falling in Iceland?
- Over the last ten years it is up 87.3%. 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 US$). 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