Annual growth rate of real GDP per capita in Iceland
Iceland: Annual growth rate of real GDP per capita was -2.7% in 2024. ◆ Volatile
Annual growth rate of real GDP per capita in Iceland, 2000–2024
Source: United Nations Statistics Division, SDG Global Database. Measured in %.
Analysis
Iceland recorded -2.7% for annual growth rate of real gdp per capita in 2024.
Compared with earlier readings it is down 187.1% on the previous year and down 437.5% over ten years.
Over the whole period, annual growth rate of real gdp per capita in Iceland peaked at 6.7% in 2004 and was at its lowest, -8.6%, in 2009.
That places Iceland 209th out of 226 countries with data for 2024, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual growth rate of real GDP per capita in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2000 | 3.5% | — |
| 2001 | 2.5% | -28.6% |
| 2002 | -0.4% | -116.0% |
| 2003 | 1.6% | -500.0% |
| 2004 | 6.7% | +318.7% |
| 2005 | 5.3% | -20.9% |
| 2006 | 3.2% | -39.6% |
| 2007 | 6.0% | +87.5% |
| 2008 | -0.2% | -103.3% |
| 2009 | -8.6% | +4200.0% |
| 2010 | -2.1% | -75.6% |
| 2011 | 1.1% | -152.4% |
| 2012 | 0.6% | -45.5% |
| 2013 | 2.6% | +333.3% |
| 2014 | 0.8% | -69.2% |
| 2015 | 2.7% | +237.5% |
| 2016 | 4.8% | +77.8% |
| 2017 | 1.1% | -77.1% |
| 2018 | 1.9% | +72.7% |
| 2019 | -1.1% | -157.9% |
| 2020 | -8.2% | +645.5% |
| 2021 | 3.5% | -142.7% |
| 2022 | 6.6% | +88.6% |
| 2023 | 3.1% | -53.0% |
| 2024 | -2.7% | -187.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.0% | -8.6% | 6.7% | 10 |
| 2010s | 1.2% | -2.1% | 4.8% | 10 |
| 2020s | 0.5% | -8.2% | 6.6% | 5 |
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)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is annual growth rate of real gdp per capita in Iceland?
- Annual growth rate of real gdp per capita in Iceland was -2.7% in 2024, according to United Nations Statistics Division, SDG Global Database.
- What is the highest annual growth rate of real gdp per capita recorded in Iceland?
- The highest recorded value was 6.7% in 2004.
- What is the lowest annual growth rate of real gdp per capita recorded in Iceland?
- The lowest recorded value was -8.6% in 2009.
- How does Iceland rank for annual growth rate of real gdp per capita?
- Iceland ranks 209th out of 226 countries with data for 2024.
- Is annual growth rate of real gdp per capita rising or falling in Iceland?
- Over the last ten years it is down 437.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from United Nations Statistics Division, SDG Global Database, published as part of Annual growth rate of real GDP per capita (%). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under UN SDG Global Database (open, attribution requested).