GDP (current US$), per unit of GDP in Iceland

Iceland: GDP (current US$), per unit of GDP was 1.01 current US$ per US$ of GDP in 2024. ▬ Flat

Latest (2024)
1.01 current US$ per US$ of GDP
Change on year
up 1.6%
World rank
34th
of 211 countries
All-time high
1.01 current US$ per US$ of GDP
in 2024
All-time low
0.9661 current US$ per US$ of GDP
in 1996
Years of data
55
1970–2024

GDP (current US$), per unit of GDP in Iceland, 1970–2024

00.250.50.751197019972024

Source: Statizoid (derived). Measured in current US$ per US$ of GDP.

Analysis

In 2024, gdp (current us$), per unit of gdp in Iceland stood at 1.01 current US$ per US$ of GDP. That is the highest value across all 55 years on record.

That represents a change of up 1.6% on the previous year and up 1.9% over ten years.

Over the whole period, gdp (current us$), per unit of gdp in Iceland peaked at 1.01 current US$ per US$ of GDP in 2024 and was at its lowest, 0.9661 current US$ per US$ of GDP, in 1996.

That places Iceland 34th out of 211 countries with data for 2024, putting it in the top quarter.

GDP (current US$), per unit of GDP in Iceland, year by year

Annual values for GDP (current US$), per unit of GDP in Iceland, 1970 to 2024.
Year current US$ per US$ of GDP Change
1970 0.9662 current US$ per US$ of GDP
1971 0.9662 current US$ per US$ of GDP -0.0%
1972 0.9662 current US$ per US$ of GDP -0.0%
1973 0.9662 current US$ per US$ of GDP +0.0%
1974 0.9662 current US$ per US$ of GDP +0.0%
1975 0.9662 current US$ per US$ of GDP +0.0%
1976 0.9662 current US$ per US$ of GDP -0.0%
1977 0.9662 current US$ per US$ of GDP +0.0%
1978 0.9662 current US$ per US$ of GDP +0.0%
1979 0.9662 current US$ per US$ of GDP +0.0%
1980 0.9662 current US$ per US$ of GDP -0.0%
1981 0.9662 current US$ per US$ of GDP +0.0%
1982 0.9662 current US$ per US$ of GDP +0.0%
1983 0.9662 current US$ per US$ of GDP -0.0%
1984 0.9662 current US$ per US$ of GDP -0.0%
1985 0.9662 current US$ per US$ of GDP +0.0%
1986 0.9662 current US$ per US$ of GDP +0.0%
1987 0.9662 current US$ per US$ of GDP +0.0%
1988 0.9662 current US$ per US$ of GDP +0.0%
1989 0.9662 current US$ per US$ of GDP -0.0%
1990 0.9662 current US$ per US$ of GDP +0.0%
1991 0.9662 current US$ per US$ of GDP +0.0%
1992 0.9662 current US$ per US$ of GDP -0.0%
1993 0.9662 current US$ per US$ of GDP +0.0%
1994 0.9662 current US$ per US$ of GDP +0.0%
1995 0.9662 current US$ per US$ of GDP -0.0%
1996 0.9661 current US$ per US$ of GDP -0.0%
1997 0.9809 current US$ per US$ of GDP +1.5%
1998 0.9845 current US$ per US$ of GDP +0.4%
1999 0.9862 current US$ per US$ of GDP +0.2%
2000 0.9875 current US$ per US$ of GDP +0.1%
2001 0.9894 current US$ per US$ of GDP +0.2%
2002 0.9896 current US$ per US$ of GDP +0.0%
2003 0.9883 current US$ per US$ of GDP -0.1%
2004 0.9901 current US$ per US$ of GDP +0.2%
2005 0.9829 current US$ per US$ of GDP -0.7%
2006 0.9883 current US$ per US$ of GDP +0.6%
2007 0.986 current US$ per US$ of GDP -0.2%
2008 0.9905 current US$ per US$ of GDP +0.5%
2009 0.9956 current US$ per US$ of GDP +0.5%
2010 0.9877 current US$ per US$ of GDP -0.8%
2011 0.9888 current US$ per US$ of GDP +0.1%
2012 0.9871 current US$ per US$ of GDP -0.2%
2013 0.9927 current US$ per US$ of GDP +0.6%
2014 0.9898 current US$ per US$ of GDP -0.3%
2015 0.9896 current US$ per US$ of GDP -0.0%
2016 0.9862 current US$ per US$ of GDP -0.3%
2017 0.9868 current US$ per US$ of GDP +0.1%
2018 0.9844 current US$ per US$ of GDP -0.2%
2019 0.9878 current US$ per US$ of GDP +0.3%
2020 0.9816 current US$ per US$ of GDP -0.6%
2021 0.9823 current US$ per US$ of GDP +0.1%
2022 0.9836 current US$ per US$ of GDP +0.1%
2023 0.9921 current US$ per US$ of GDP +0.9%
2024 1.01 current US$ per US$ of GDP +1.6%

Iceland compared with similar countries

  • Iceland's 1.01 current US$ per US$ of GDP is above the median for high income countries, which is 0.9969 current US$ per US$ of GDP, 1.0× the median. (82 countries reporting)
  • Iceland's 1.01 current US$ per US$ of GDP is above the median for Europe & Central Asia, which is 0.9942 current US$ per US$ of GDP, 1.0× the median. (55 countries reporting)

Averages by decade

DecadeAverage LowestHighest Years
1970s 0.9662 current US$ per US$ of GDP 0.9662 current US$ per US$ of GDP 0.9662 current US$ per US$ of GDP 10
1980s 0.9662 current US$ per US$ of GDP 0.9662 current US$ per US$ of GDP 0.9662 current US$ per US$ of GDP 10
1990s 0.9715 current US$ per US$ of GDP 0.9661 current US$ per US$ of GDP 0.9862 current US$ per US$ of GDP 10
2000s 0.9888 current US$ per US$ of GDP 0.9829 current US$ per US$ of GDP 0.9956 current US$ per US$ of GDP 10
2010s 0.9881 current US$ per US$ of GDP 0.9844 current US$ per US$ of GDP 0.9927 current US$ per US$ of GDP 10
2020s 0.9896 current US$ per US$ of GDP 0.9816 current US$ per US$ of GDP 1.01 current US$ per US$ of GDP 5

Countries ranked near Iceland

  1. 31 Bahrain 1.01 current US$ per US$ of GDP compare
  2. 32 Sweden 1.01 current US$ per US$ of GDP compare
  3. 33 East Timor 1.01 current US$ per US$ of GDP compare
  4. 35 Brunei 1.01 current US$ per US$ of GDP compare
  5. 36 Qatar 1.01 current US$ per US$ of GDP compare
  6. 37 Ecuador 1.01 current US$ per US$ of GDP compare

See the full ranking of 211 places →

More population data for Iceland

All data for Iceland →

Frequently asked questions

What is gdp (current us$), per unit of gdp in Iceland?
Gdp (current us$), per unit of gdp in Iceland was 1.01 current US$ per US$ of GDP in 2024, according to Statizoid (derived).
What is the highest gdp (current us$), per unit of gdp recorded in Iceland?
The highest recorded value was 1.01 current US$ per US$ of GDP in 2024.
What is the lowest gdp (current us$), per unit of gdp recorded in Iceland?
The lowest recorded value was 0.9661 current US$ per US$ of GDP in 1996.
How does Iceland rank for gdp (current us$), per unit of gdp?
Iceland ranks 34th out of 211 countries with data for 2024.
Is gdp (current us$), per unit of gdp rising or falling in Iceland?
Over the last ten years it is up 1.9%. The long-run trend across the full record is flat.
Where does this Iceland data come from?
The figures come from Statizoid (derived), published as part of GDP (current US$), per unit of GDP. Statizoid updates them automatically from the source API.

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GDP (current US$), per unit of GDP in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 21 September 2026, from https://population.statizoid.com/stat/gdp-current-us-per-unit-of-gdp/iceland/

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How this figure is calculated

GDP (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.

GDP (current US$) ÷ GDP (current US$)

Computed from

Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.

About this data

Indicator
GDP (current US$), per unit of GDP
Unit
current US$ per US$ of GDP
Source
Statizoid (derived)
Licence
Derived by Statizoid from the sources named on the page
Coverage
211 places, 10,314 data points, 1970–2024
Last refreshed

GDP (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.