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 211th out of 228 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% |
Iceland compared with similar countries
- Iceland's -2.7% is below the median for high income countries, which is 1.4%. (74 countries reporting)
- Iceland's -2.7% is below the median for Europe & Central Asia, which is 2.2%. (52 countries reporting)
Biggest year-on-year movements
Years where Annual growth rate of real GDP per capita (%) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -4200.0% | -0.2% | -8.6% |
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
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (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 211th out of 228 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.
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