GDP deflator (base year varies by country), annual growth rate in Iceland
Iceland: GDP deflator (base year varies by country), annual growth rate was 5.86 % change on previous year in 2024. ◆ Volatile
GDP deflator (base year varies by country), annual growth rate in Iceland, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 5.86 % change on previous year for gdp deflator (base year varies by country), annual growth rate in 2024.
Compared with earlier readings it is up 1.2% on the previous year and up 41.4% over ten years.
Over the whole period, gdp deflator (base year varies by country), annual growth rate in Iceland peaked at 77.31 % change on previous year in 1983 and was at its lowest, 0.4918 % change on previous year, in 2003.
That places Iceland 62nd 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 deflator (base year varies by country), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.56 % change on previous year | — |
| 1972 | 18.33 % change on previous year | +46.0% |
| 1973 | 31.46 % change on previous year | +71.6% |
| 1974 | 37.69 % change on previous year | +19.8% |
| 1975 | 41.87 % change on previous year | +11.1% |
| 1976 | 32.74 % change on previous year | -21.8% |
| 1977 | 32.71 % change on previous year | -0.1% |
| 1978 | 46.25 % change on previous year | +41.4% |
| 1979 | 40.9 % change on previous year | -11.6% |
| 1980 | 52.48 % change on previous year | +28.3% |
| 1981 | 49.19 % change on previous year | -6.3% |
| 1982 | 53.65 % change on previous year | +9.1% |
| 1983 | 77.31 % change on previous year | +44.1% |
| 1984 | 26.88 % change on previous year | -65.2% |
| 1985 | 32.08 % change on previous year | +19.4% |
| 1986 | 24.59 % change on previous year | -23.4% |
| 1987 | 19.95 % change on previous year | -18.9% |
| 1988 | 23.14 % change on previous year | +16.0% |
| 1989 | 22.87 % change on previous year | -1.2% |
| 1990 | 15.17 % change on previous year | -33.7% |
| 1991 | 8.37 % change on previous year | -44.9% |
| 1992 | 3.45 % change on previous year | -58.8% |
| 1993 | 1.83 % change on previous year | -46.9% |
| 1994 | 2.6 % change on previous year | +42.1% |
| 1995 | 3 % change on previous year | +15.2% |
| 1996 | 2.48 % change on previous year | -17.3% |
| 1997 | 2.75 % change on previous year | +11.1% |
| 1998 | 4.71 % change on previous year | +71.2% |
| 1999 | 3.5 % change on previous year | -25.8% |
| 2000 | 4.02 % change on previous year | +15.0% |
| 2001 | 8.7 % change on previous year | +116.3% |
| 2002 | 5.87 % change on previous year | -32.5% |
| 2003 | 0.4918 % change on previous year | -91.6% |
| 2004 | 2.68 % change on previous year | +444.0% |
| 2005 | 3.07 % change on previous year | +14.6% |
| 2006 | 8.62 % change on previous year | +181.1% |
| 2007 | 4.33 % change on previous year | -49.7% |
| 2008 | 12.14 % change on previous year | +180.1% |
| 2009 | 10.8 % change on previous year | -11.0% |
| 2010 | 6.37 % change on previous year | -41.1% |
| 2011 | 3.1 % change on previous year | -51.4% |
| 2012 | 3.44 % change on previous year | +11.1% |
| 2013 | 2.12 % change on previous year | -38.3% |
| 2014 | 4.14 % change on previous year | +94.9% |
| 2015 | 6.05 % change on previous year | +46.2% |
| 2016 | 2.26 % change on previous year | -62.7% |
| 2017 | 0.937 % change on previous year | -58.6% |
| 2018 | 2.63 % change on previous year | +180.9% |
| 2019 | 4.46 % change on previous year | +69.4% |
| 2020 | 4.02 % change on previous year | -9.9% |
| 2021 | 6.37 % change on previous year | +58.6% |
| 2022 | 8.85 % change on previous year | +39.0% |
| 2023 | 5.79 % change on previous year | -34.6% |
| 2024 | 5.86 % change on previous year | +1.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.72 % change on previous year | 12.56 % change on previous year | 46.25 % change on previous year | 9 |
| 1980s | 38.21 % change on previous year | 19.95 % change on previous year | 77.31 % change on previous year | 10 |
| 1990s | 4.79 % change on previous year | 1.83 % change on previous year | 15.17 % change on previous year | 10 |
| 2000s | 6.07 % change on previous year | 0.4918 % change on previous year | 12.14 % change on previous year | 10 |
| 2010s | 3.55 % change on previous year | 0.937 % change on previous year | 6.37 % change on previous year | 10 |
| 2020s | 6.18 % change on previous year | 4.02 % change on previous year | 8.85 % change on previous year | 5 |
Countries ranked near Iceland
- 59 Tuvalu 6 % change on previous year compare
- 60 Central African Republic 6 % change on previous year compare
- 61 Belize 6 % change on previous year compare
- 63 Colombia 5.78 % change on previous year compare
- 64 Israel 5.52 % change on previous year compare
- 65 Croatia 5.5 % change on previous year 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)
- World population growth -0.5% (2100)
- Population density 3.6 people per km² (2100)
- Number of children under 5, by world region 13,661 people (2100)
Frequently asked questions
- What is gdp deflator (base year varies by country), annual growth rate in Iceland?
- Gdp deflator (base year varies by country), annual growth rate in Iceland was 5.86 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator (base year varies by country), annual growth rate recorded in Iceland?
- The highest recorded value was 77.31 % change on previous year in 1983.
- What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in Iceland?
- The lowest recorded value was 0.4918 % change on previous year in 2003.
- How does Iceland rank for gdp deflator (base year varies by country), annual growth rate?
- Iceland ranks 62nd out of 211 countries with data for 2024.
- Is gdp deflator (base year varies by country), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 41.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of GDP deflator (base year varies by country), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP deflator UNESCO Institute for Statistics
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
The year-on-year percentage change in GDP deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.