Iceland vs Palestine: Gross Domestic Product, GDP in millions constant 2021 international $

Iceland
27,776
in 2027
Palestine
29,016
in 2022
Iceland rank
156th
Palestine rank
155th

Gross Domestic Product, GDP in millions constant 2021 international $ over time

  • Iceland
  • Palestine
10.0k15.0k20.0k25.0k30.0k199120092027

How they compare

Palestine currently reports 29,016 against 27,776 in Iceland, a difference of 1,240.

The two have swapped places 3 times across 32 shared years of data; in 1991 it was Iceland ahead.

Iceland ranks 156th and Palestine ranks 155th of 188 countries.

Across the 4 decades both report, Iceland averaged higher in 1 and Palestine in 3.

Head to head by decade

Decade Iceland Palestine Difference Ahead
1990s 10,903 10,923 20.17 Palestine
2000s 16,131 14,850 1,281 Iceland
2010s 20,004 25,821 5,817 Palestine
2020s 23,355 27,649 4,293 Palestine

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross domestic product, gdp in millions constant 2021 international $, Iceland or Palestine?
Palestine, at 29,016 against 27,776 in Iceland as of 2022.
What is the difference in gross domestic product, gdp in millions constant 2021 international $ between Iceland and Palestine?
1,240, with Palestine ahead.
How many years of comparable data are there for Iceland and Palestine?
32 years are reported by both, from 1991 to 2022.
How do Iceland and Palestine rank globally for gross domestic product, gdp in millions constant 2021 international $?
Iceland ranks 156th and Palestine ranks 155th of 188 countries.
Where does this data come from?
International Labour Organization, published as Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Palestine: Gross Domestic Product, GDP in millions constant 2021 international $. Statizoid, drawing on International Labour Organization. Retrieved 18 September 2026, from https://economy.statizoid.com/compare/gross-domestic-product-gdp-in-millions-constant-2021-international-at-ppp-ilo-modelled/iceland/west-bank-and-gaza/

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About this data

Indicator
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates)
Source
International Labour Organization
Licence
ILO Terms of Use (attribution required)
Coverage
276 places, 10,188 data points, 1991–2027
Last refreshed

Gross Domestic Product (GDP), Purchasing Power Parity (millions of PPP, constant 2021 international dollars) is a measure to assess the total economic output of a country, adjusted for differences in the purchasing power of the different currencies relative to the US dollar. It is derived from the World Development Indicators of the World Bank. For more information, refer to the ILO Modelled Estimates (ILOEST) database description.