European Union vs Iceland: Gross value added at basic prices (GVA) (current US$), annual growth
European Union
8.67 % change on previous year
in 2025
Iceland
17.56 % change on previous year
in 2025
European Union rank
20th
Iceland rank
19th
Gross value added at basic prices (GVA) (current US$), annual growth over time
- European Union
- Iceland
How they compare
Iceland currently reports 17.56 % change on previous year against 8.67 % change on previous year in European Union, a difference of 8.89 % change on previous year.
That makes Iceland's figure about 2.0 times European Union's.
The two have swapped places 24 times across 52 shared years of data; in 1974 it was Iceland ahead.
European Union ranks 20th and Iceland ranks 19th of 38 groups.
Across the 6 decades both report, European Union averaged higher in 1 and Iceland in 5.
Head to head by decade
| Decade | European Union | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1970s | 15.15 % change on previous year | 16.08 % change on previous year | 0.93 % change on previous year | Iceland |
| 1980s | 6.7 % change on previous year | 8.78 % change on previous year | 2.08 % change on previous year | Iceland |
| 1990s | 4.54 % change on previous year | 4.66 % change on previous year | 0.1143 % change on previous year | Iceland |
| 2000s | 6.97 % change on previous year | 5.74 % change on previous year | 1.23 % change on previous year | European Union |
| 2010s | 0.7739 % change on previous year | 6.84 % change on previous year | 6.06 % change on previous year | Iceland |
| 2020s | 5.33 % change on previous year | 8 % change on previous year | 2.68 % change on previous year | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gross value added at basic prices (gva) (current us$), annual growth, European Union or Iceland?
- Iceland, at 17.56 % change on previous year against 8.67 % change on previous year in European Union as of 2025.
- What is the difference in gross value added at basic prices (gva) (current us$), annual growth between European Union and Iceland?
- 8.89 % change on previous year, with Iceland ahead.
- How many years of comparable data are there for European Union and Iceland?
- 52 years are reported by both, from 1974 to 2025.
- How do European Union and Iceland rank globally for gross value added at basic prices (gva) (current us$), annual growth?
- European Union ranks 20th and Iceland ranks 19th of 38 groups.
- Where does this data come from?
- Statizoid (derived), published as Gross value added at basic prices (GVA) (current US$), annual growth rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
The year-on-year percentage change in Gross value added at basic prices (GVA) (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.