GDP (current US$) (UNESCO Institute) in Iceland
Iceland: GDP (current US$) (UNESCO Institute) was 33.46 billion current US$ in 2024. ◆ Volatile
Latest (2024)
33.46 billion current US$
Change on year
up 6.4%
World rank
109th
of 211 countries
All-time high
33.46 billion current US$
in 2024
All-time low
526.71 million current US$
in 1970
Years of data
55
1970–2024
GDP in Iceland, 1970–2024
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$, in 1970.
That places Iceland 109th out of 211 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$) (UNESCO Institute) in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1970 | 526.71 million current US$ | — |
| 1971 | 670.25 million current US$ | +27.3% |
| 1972 | 839.65 million current US$ | +25.3% |
| 1973 | 1.15 billion current US$ | +37.5% |
| 1974 | 1.52 billion current US$ | +31.2% |
| 1975 | 1.41 billion current US$ | -7.1% |
| 1976 | 1.67 billion current US$ | +18.7% |
| 1977 | 2.21 billion current US$ | +32.3% |
| 1978 | 2.51 billion current US$ | +13.7% |
| 1979 | 2.85 billion current US$ | +13.6% |
| 1980 | 3.38 billion current US$ | +18.5% |
| 1981 | 3.49 billion current US$ | +3.3% |
| 1982 | 3.21 billion current US$ | -8.2% |
| 1983 | 2.77 billion current US$ | -13.7% |
| 1984 | 2.86 billion current US$ | +3.6% |
| 1985 | 2.98 billion current US$ | +4.2% |
| 1986 | 3.99 billion current US$ | +33.7% |
| 1987 | 5.52 billion current US$ | +38.4% |
| 1988 | 6.11 billion current US$ | +10.6% |
| 1989 | 5.67 billion current US$ | -7.1% |
| 1990 | 6.47 billion current US$ | +14.0% |
| 1991 | 6.91 billion current US$ | +6.8% |
| 1992 | 7.08 billion current US$ | +2.5% |
| 1993 | 6.22 billion current US$ | -12.2% |
| 1994 | 6.39 billion current US$ | +2.7% |
| 1995 | 7.12 billion current US$ | +11.5% |
| 1996 | 7.43 billion current US$ | +4.2% |
| 1997 | 7.57 billion current US$ | +1.9% |
| 1998 | 8.50 billion current US$ | +12.3% |
| 1999 | 8.98 billion current US$ | +5.6% |
| 2000 | 9.03 billion current US$ | +0.5% |
| 2001 | 8.23 billion current US$ | -8.8% |
| 2002 | 9.32 billion current US$ | +13.2% |
| 2003 | 11.43 billion current US$ | +22.7% |
| 2004 | 13.83 billion current US$ | +21.0% |
| 2005 | 16.85 billion current US$ | +21.9% |
| 2006 | 17.47 billion current US$ | +3.6% |
| 2007 | 21.65 billion current US$ | +24.0% |
| 2008 | 18.07 billion current US$ | -16.5% |
| 2009 | 13.15 billion current US$ | -27.2% |
| 2010 | 13.75 billion current US$ | +4.5% |
| 2011 | 15.22 billion current US$ | +10.7% |
| 2012 | 14.75 billion current US$ | -3.1% |
| 2013 | 16.13 billion current US$ | +9.3% |
| 2014 | 17.87 billion current US$ | +10.8% |
| 2015 | 17.52 billion current US$ | -2.0% |
| 2016 | 20.79 billion current US$ | +18.7% |
| 2017 | 24.73 billion current US$ | +18.9% |
| 2018 | 26.26 billion current US$ | +6.2% |
| 2019 | 24.68 billion current US$ | -6.0% |
| 2020 | 21.63 billion current US$ | -12.4% |
| 2021 | 25.77 billion current US$ | +19.1% |
| 2022 | 28.70 billion current US$ | +11.4% |
| 2023 | 31.45 billion current US$ | +9.6% |
| 2024 | 33.46 billion current US$ | +6.4% |
Iceland compared with similar countries
- Iceland's 33.46 billion current US$ is below the median for high income countries, which is 92.86 billion current US$, 36% of the median. (82 countries reporting)
- Iceland's 33.46 billion current US$ is below the median for Europe & Central Asia, which is 93.20 billion current US$, 36% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.54 billion current US$ | 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
- 106 Cyprus 36.33 billion current US$ compare
- 107 El Salvador 35.37 billion current US$ compare
- 108 Georgia 33.78 billion current US$ compare
- 110 Papua New Guinea 32.54 billion current US$ compare
- 111 Senegal 32.27 billion current US$ compare
- 112 Bosnia and Herzegovina 28.34 billion current US$ compare
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 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 109th out of 211 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 · JSON — 55 observations, free to reuse under CC BY-SA 3.0 IGO (UNESCO Institute for Statistics).
About this data
February 2026 Data Release