Annual gdp growth in Iceland
Iceland: Annual gdp growth was 5.04 in 2023. ◆ Volatile
Latest (2023)
5.04
Change on year
down 43.9%
World rank
51st
of 211 countries
All-time high
8.99
in 2022
All-time low
-7.66
in 2009
Years of data
24
2000–2023
Annual gdp growth in Iceland, 2000–2023
Source: Our World in Data.
Analysis
Iceland recorded 5.04 for annual gdp growth in 2023.
That represents a change of down 43.9% on the previous year and up 10.8% over ten years.
Over the whole period, annual gdp growth in Iceland peaked at 8.99 in 2022 and was at its lowest, -7.66, in 2009.
That places Iceland 51st out of 211 countries with data for 2023, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.49 | -7.66 | 8.45 | 10 |
| 2010s | 2.8 | -2.83 | 6.3 | 10 |
| 2020s | 3.08 | -6.94 | 8.99 | 4 |
Countries ranked near Iceland
More economy & growth data for Iceland
- External balance on goods and services as a percent of gdp -2.26 (2025)
- Inflation of consumer prices 4.09 (2025)
- Gdp per capita worldbank constant usd 58,910 (2025)
- Manufacturing value added to gdp 8.53 (2025)
- Gdp worldbank constant usd 23.12 billion (2025)
- Gdp per capita in international and market dollars 58,910 (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is annual gdp growth in Iceland?
- Annual gdp growth in Iceland was 5.04 in 2023, according to Our World in Data.
- What is the highest annual gdp growth recorded in Iceland?
- The highest recorded value was 8.99 in 2022.
- What is the lowest annual gdp growth recorded in Iceland?
- The lowest recorded value was -7.66 in 2009.
- How does Iceland rank for annual gdp growth?
- Iceland ranks 51st out of 211 countries with data for 2023.
- Is annual gdp growth rising or falling in Iceland?
- Over the last ten years it is up 10.8%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Annual gdp growth. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 24 observations, free to reuse under CC BY 4.0 (Our World in Data).