Germany vs Iceland: Gross value added at basic prices (GVA)
Gross value added at basic prices (GVA) over time
- Germany
- Iceland
How they compare
Iceland currently reports 4.46 trillion current LCU against 4.04 trillion current LCU in Germany, a difference of 412.09 billion current LCU.
That makes Iceland's figure about 1.1 times Germany's.
The two have swapped places 1 time across 53 shared years of data; in 1973 it was Germany ahead.
Germany ranks 73rd and Iceland ranks 71st of 206 countries.
Germany has averaged higher in every one of the 6 decades both report.
Head to head by decade
| Decade | Germany | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 617.18 billion current LCU | 3.62 billion current LCU | 613.57 billion current LCU | Germany |
| 1980s | 997.29 billion current LCU | 120.44 billion current LCU | 876.85 billion current LCU | Germany |
| 1990s | 1.65 trillion current LCU | 429.34 billion current LCU | 1.22 trillion current LCU | Germany |
| 2000s | 2.11 trillion current LCU | 984.29 billion current LCU | 1.12 trillion current LCU | Germany |
| 2010s | 2.73 trillion current LCU | 2.06 trillion current LCU | 673.53 billion current LCU | Germany |
| 2020s | 3.63 trillion current LCU | 3.61 trillion current LCU | 20.90 billion current LCU | Germany |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva), Germany or Iceland?
- Iceland, at 4.46 trillion current LCU against 4.04 trillion current LCU in Germany as of 2025.
- What is the difference in gross value added at basic prices (gva) between Germany and Iceland?
- 412.09 billion current LCU, with Iceland ahead.
- How many years of comparable data are there for Germany and Iceland?
- 53 years are reported by both, from 1973 to 2025.
- How do Germany and Iceland rank globally for gross value added at basic prices (gva)?
- Germany ranks 73rd and Iceland ranks 71st of 206 countries.
- Where does this data come from?
- Country official statistics, National Statistical Organizations and/or Central Banks, published as Gross value added at basic prices (GVA) (current LCU). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.