Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Iceland
Iceland: Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP was 2.48 Percent per annum in 2029. ◆ Volatile
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Iceland, 1990–2029
Source: Organisation for Economic Co-operation and Development. Measured in Percent per annum.
Analysis
Iceland recorded 2.48 Percent per annum for africa's development dynamics (afdd) table 02 - annual real gdp in 2029.
That represents a change of down 2.3% on the previous year and up 33.3% over ten years.
Over the whole period, africa's development dynamics (afdd) table 02 - annual real gdp in Iceland peaked at 8.88 Percent per annum in 2022 and was at its lowest, -7.66 Percent per annum, in 2009.
That places Iceland 106th out of 166 countries with data for 2029, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP in Iceland, year by year
| Year | Percent per annum | Change |
|---|---|---|
| 1990 | 1.17 Percent per annum | — |
| 1991 | -0.2238 Percent per annum | -119.1% |
| 1992 | -3.37 Percent per annum | +1407.5% |
| 1993 | 1.31 Percent per annum | -138.9% |
| 1994 | 3.61 Percent per annum | +174.8% |
| 1995 | 0.1167 Percent per annum | -96.8% |
| 1996 | 4.57 Percent per annum | +3813.4% |
| 1997 | 5.77 Percent per annum | +26.4% |
| 1998 | 7.36 Percent per annum | +27.6% |
| 1999 | 4.02 Percent per annum | -45.3% |
| 2000 | 4.99 Percent per annum | +23.9% |
| 2001 | 4.01 Percent per annum | -19.5% |
| 2002 | 0.5595 Percent per annum | -86.1% |
| 2003 | 2.14 Percent per annum | +283.0% |
| 2004 | 7.8 Percent per annum | +264.1% |
| 2005 | 6.12 Percent per annum | -21.5% |
| 2006 | 6.32 Percent per annum | +3.1% |
| 2007 | 8.45 Percent per annum | +33.8% |
| 2008 | 2.21 Percent per annum | -73.9% |
| 2009 | -7.66 Percent per annum | -446.8% |
| 2010 | -2.83 Percent per annum | -63.0% |
| 2011 | 1.85 Percent per annum | -165.2% |
| 2012 | 1.06 Percent per annum | -42.4% |
| 2013 | 4.55 Percent per annum | +328.0% |
| 2014 | 1.69 Percent per annum | -62.9% |
| 2015 | 4.44 Percent per annum | +163.0% |
| 2016 | 6.3 Percent per annum | +42.1% |
| 2017 | 4.19 Percent per annum | -33.5% |
| 2018 | 4.89 Percent per annum | +16.6% |
| 2019 | 1.86 Percent per annum | -61.9% |
| 2020 | -6.94 Percent per annum | -472.9% |
| 2021 | 5.15 Percent per annum | -174.2% |
| 2022 | 8.88 Percent per annum | +72.5% |
| 2023 | 4.06 Percent per annum | -54.2% |
| 2024 | 1.74 Percent per annum | -57.2% |
| 2025 | 2 Percent per annum | +14.6% |
| 2026 | 2.18 Percent per annum | +9.4% |
| 2027 | 2.32 Percent per annum | +6.3% |
| 2028 | 2.54 Percent per annum | +9.5% |
| 2029 | 2.48 Percent per annum | -2.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.43 Percent per annum | -3.37 Percent per annum | 7.36 Percent per annum | 10 |
| 2000s | 3.49 Percent per annum | -7.66 Percent per annum | 8.45 Percent per annum | 10 |
| 2010s | 2.8 Percent per annum | -2.83 Percent per annum | 6.3 Percent per annum | 10 |
| 2020s | 2.44 Percent per annum | -6.94 Percent per annum | 8.88 Percent per annum | 10 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.15 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3036 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 29,848 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -107.38 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -93.07 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.69 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 461,476 current LCU per person (2025)
- Agriculture, forestry, and fishing, value added (constant 2015 US$) -1.24 % change on previous year (2025)
Frequently asked questions
- What is africa's development dynamics (afdd) table 02 - annual real gdp in Iceland?
- Africa's development dynamics (afdd) table 02 - annual real gdp in Iceland was 2.48 Percent per annum in 2029, according to Organisation for Economic Co-operation and Development.
- What is the highest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Iceland?
- The highest recorded value was 8.88 Percent per annum in 2022.
- What is the lowest africa's development dynamics (afdd) table 02 - annual real gdp recorded in Iceland?
- The lowest recorded value was -7.66 Percent per annum in 2009.
- How does Iceland rank for africa's development dynamics (afdd) table 02 - annual real gdp?
- Iceland ranks 106th out of 166 countries with data for 2029.
- Is africa's development dynamics (afdd) table 02 - annual real gdp rising or falling in Iceland?
- Over the last ten years it is up 33.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP growth rate — Growth rate of real gross domestic product. Statizoid updates them automatically from the source API.
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About this data
The Statistical Annex to the annual Africa's Development Dynamics (AFDD) report is a collection of development indicators that were gathered and analysed while conducting the research that went into the report. These data are also available online for free viewing or download at https://oe.cd/AFDD-2024, a bilingual website which links to the electronic version of the Africa's Development Dynamics book in both English and French. Table 2 shows the full time series of annual real GDP growth, up to present, and including projected real GDP growth rates over the next five years.