GDP growth in Iceland
Iceland: GDP growth was 0.5% in 2024. β Volatile
GDP growth in Iceland, 1970β2024
Source: UNESCO Institute for Statistics. Measured in annual %.
Analysis
The most recent figure for gdp growth in Iceland is 0.5%, measured in 2024.
That represents a change of down 90.8% on the previous year and down 69.4% over ten years.
Over the whole period, gdp growth in Iceland peaked at 13.1% in 1971 and was at its lowest, -7.7%, in 2009.
That places Iceland 183rd out of 212 countries with data for 2024, putting it in the bottom quarter.
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 | 6.6% | 0.6% | 13.1% | 10 |
| 1980s | 3.2% | -2.2% | 8.5% | 10 |
| 1990s | 2.4% | -3.4% | 7.4% | 10 |
| 2000s | 3.5% | -7.7% | 8.5% | 10 |
| 2010s | 2.8% | -2.8% | 6.3% | 10 |
| 2020s | 2.6% | -6.9% | 9.0% | 5 |
Countries ranked near Iceland
- 180 Italy 0.7% compare
- 181 Micronesia, Federated States of 0.7% compare
- 182 South Africa 0.6% compare
- 184 Hungary 0.5% compare
- 185 Moldova, Republic of 0.1% compare
- 186 Japan 0.1% 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)
- Projected population under age 5, annual growth rate -0.6617 % change on previous year (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)
Frequently asked questions
- What is gdp growth in Iceland?
- Gdp growth in Iceland was 0.5% in 2024, according to UNESCO Institute for Statistics.
- What is the highest gdp growth recorded in Iceland?
- The highest recorded value was 13.1% in 1971.
- What is the lowest gdp growth recorded in Iceland?
- The lowest recorded value was -7.7% in 2009.
- How does Iceland rank for gdp growth?
- Iceland ranks 183rd out of 212 countries with data for 2024.
- Is gdp growth rising or falling in Iceland?
- Over the last ten years it is down 69.4%. 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 growth (annual %). 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