Iceland vs Papua New Guinea: Gross domestic product (GDP)

Iceland
10.35 billion current GBP
in 2014
Papua New Guinea
10.29 billion current GBP
in 2014
Iceland rank
116th
Papua New Guinea rank
118th

Gross domestic product (GDP) over time

  • Iceland
  • Papua New Guinea
02.5B5.0B7.5B10.0B194919812014

How they compare

Iceland currently reports 10.35 billion current GBP against 10.29 billion current GBP in Papua New Guinea, a difference of 65.20 million current GBP.

The two have swapped places 4 times across 55 shared years of data; in 1960 it was Iceland ahead.

Iceland ranks 116th and Papua New Guinea ranks 118th of 200 countries.

Iceland has averaged higher in every one of the 6 decades both report.

Head to head by decade

Decade Iceland Papua New Guinea Difference Ahead
1960s 156.48 million current GBP 132.50 million current GBP 23.98 million current GBP Iceland
1970s 749.95 million current GBP 655.97 million current GBP 93.98 million current GBP Iceland
1980s 2.45 billion current GBP 1.71 billion current GBP 738.52 million current GBP Iceland
1990s 4.47 billion current GBP 2.71 billion current GBP 1.76 billion current GBP Iceland
2000s 7.90 billion current GBP 2.92 billion current GBP 4.98 billion current GBP Iceland
2010s 9.38 billion current GBP 8.84 billion current GBP 536.24 million current GBP Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gross domestic product (gdp), Iceland or Papua New Guinea?
Iceland, at 10.35 billion current GBP against 10.29 billion current GBP in Papua New Guinea as of 2014.
What is the difference in gross domestic product (gdp) between Iceland and Papua New Guinea?
65.20 million current GBP, with Iceland ahead.
How many years of comparable data are there for Iceland and Papua New Guinea?
55 years are reported by both, from 1960 to 2014.
How do Iceland and Papua New Guinea rank globally for gross domestic product (gdp)?
Iceland ranks 116th and Papua New Guinea ranks 118th of 200 countries.
Where does this data come from?
Fouquin and Hugot (2016) – processed by Our World in Data, published as Gross domestic product (GDP). Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Iceland vs Papua New Guinea: Gross domestic product (GDP). Statizoid, drawing on Fouquin and Hugot (2016) – processed by Our World in Data. Retrieved 13 September 2026, from https://economy.statizoid.com/compare/national-gdp-fouquin-current-gbp/iceland/papua-new-guinea/

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About this data

Indicator
Gross domestic product (GDP)
Unit
current GBP
Source
Fouquin and Hugot (2016) – processed by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
200 places, 13,609 data points, 1827–2014
Last refreshed

This data is expressed in British pounds. It is not adjusted for inflation or differences in living costs between countries.