Annual Purchasing Power: Purchasing Power Parities for GDP in Iceland
Iceland: Annual Purchasing Power: Purchasing Power Parities for GDP was 151.37 National currency per US dollar in 2025. ◆ Volatile
Annual Purchasing Power Parities and exchange rates — Purchasing in Iceland, 1960–2025
Source: Organisation for Economic Co-operation and Development. Measured in National currency per US dollar.
Analysis
In 2025, annual purchasing power parities and exchange rates — purchasing in Iceland stood at 151.37 National currency per US dollar. That is the highest value across all 66 years on record.
That represents a change of up 6.8% on the previous year and up 6.6% over ten years.
Over the whole period, annual purchasing power parities and exchange rates — purchasing in Iceland peaked at 151.37 National currency per US dollar in 2025 and was at its lowest, 0.2689 National currency per US dollar, in 1960.
That places Iceland 10th out of 53 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual Purchasing Power: Purchasing Power Parities for GDP in Iceland, year by year
| Year | National currency per US dollar | Change |
|---|---|---|
| 1960 | 0.2689 National currency per US dollar | — |
| 1961 | 0.3028 National currency per US dollar | +12.6% |
| 1962 | 0.328 National currency per US dollar | +8.3% |
| 1963 | 0.3502 National currency per US dollar | +6.8% |
| 1964 | 0.3998 National currency per US dollar | +14.2% |
| 1965 | 0.438 National currency per US dollar | +9.6% |
| 1966 | 0.4675 National currency per US dollar | +6.7% |
| 1967 | 0.467 National currency per US dollar | -0.1% |
| 1968 | 0.5064 National currency per US dollar | +8.4% |
| 1969 | 0.582 National currency per US dollar | +14.9% |
| 1970 | 0.5889 National currency per US dollar | +1.2% |
| 1971 | 0.6308 National currency per US dollar | +7.1% |
| 1972 | 0.7155 National currency per US dollar | +13.4% |
| 1973 | 0.8917 National currency per US dollar | +24.6% |
| 1974 | 1.13 National currency per US dollar | +26.3% |
| 1975 | 1.46 National currency per US dollar | +29.8% |
| 1976 | 1.84 National currency per US dollar | +25.8% |
| 1977 | 2.3 National currency per US dollar | +24.9% |
| 1978 | 3.14 National currency per US dollar | +36.6% |
| 1979 | 4.09 National currency per US dollar | +30.1% |
| 1980 | 5.72 National currency per US dollar | +39.8% |
| 1981 | 7.79 National currency per US dollar | +36.3% |
| 1982 | 11.27 National currency per US dollar | +44.7% |
| 1983 | 19.23 National currency per US dollar | +70.6% |
| 1984 | 23.55 National currency per US dollar | +22.5% |
| 1985 | 30.16 National currency per US dollar | +28.0% |
| 1986 | 36.83 National currency per US dollar | +22.1% |
| 1987 | 43.11 National currency per US dollar | +17.0% |
| 1988 | 51.27 National currency per US dollar | +18.9% |
| 1989 | 60.62 National currency per US dollar | +18.2% |
| 1990 | 67.3 National currency per US dollar | +11.0% |
| 1991 | 70.54 National currency per US dollar | +4.8% |
| 1992 | 71.35 National currency per US dollar | +1.1% |
| 1993 | 70.97 National currency per US dollar | -0.5% |
| 1994 | 71.3 National currency per US dollar | +0.5% |
| 1995 | 71.93 National currency per US dollar | +0.9% |
| 1996 | 74.12 National currency per US dollar | +3.0% |
| 1997 | 73.66 National currency per US dollar | -0.6% |
| 1998 | 76.66 National currency per US dollar | +4.1% |
| 1999 | 79.25 National currency per US dollar | +3.4% |
| 2000 | 84.7 National currency per US dollar | +6.9% |
| 2001 | 88.3 National currency per US dollar | +4.2% |
| 2002 | 91.11 National currency per US dollar | +3.2% |
| 2003 | 92.61 National currency per US dollar | +1.7% |
| 2004 | 93.3 National currency per US dollar | +0.7% |
| 2005 | 95.84 National currency per US dollar | +2.7% |
| 2006 | 101.66 National currency per US dollar | +6.1% |
| 2007 | 107.34 National currency per US dollar | +5.6% |
| 2008 | 114.53 National currency per US dollar | +6.7% |
| 2009 | 121.92 National currency per US dollar | +6.5% |
| 2010 | 132.92 National currency per US dollar | +9.0% |
| 2011 | 135.15 National currency per US dollar | +1.7% |
| 2012 | 136.97 National currency per US dollar | +1.3% |
| 2013 | 137.02 National currency per US dollar | +0.0% |
| 2014 | 138.55 National currency per US dollar | +1.1% |
| 2015 | 141.97 National currency per US dollar | +2.5% |
| 2016 | 140.03 National currency per US dollar | -1.4% |
| 2017 | 138.28 National currency per US dollar | -1.3% |
| 2018 | 140.97 National currency per US dollar | +1.9% |
| 2019 | 138.67 National currency per US dollar | -1.6% |
| 2020 | 143.25 National currency per US dollar | +3.3% |
| 2021 | 142.59 National currency per US dollar | -0.5% |
| 2022 | 134.9 National currency per US dollar | -5.4% |
| 2023 | 137.85 National currency per US dollar | +2.2% |
| 2024 | 141.76 National currency per US dollar | +2.8% |
| 2025 | 151.37 National currency per US dollar | +6.8% |
Iceland compared with similar countries
- Iceland's 151.37 National currency per US dollar is above the median for high income countries, which is 1 National currency per US dollar, 151.4× the median. (35 countries reporting)
- Iceland's 151.37 National currency per US dollar is above the median for Europe & Central Asia, which is 0.8607 National currency per US dollar, 175.9× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Annual Purchasing Power: Purchasing Power Parities for GDP 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 |
|---|---|---|---|
| 1983 | +70.6% | 11.27 National currency per US dollar | 19.23 National currency per US dollar |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.4111 National currency per US dollar | 0.2689 National currency per US dollar | 0.582 National currency per US dollar | 10 |
| 1970s | 1.68 National currency per US dollar | 0.5889 National currency per US dollar | 4.09 National currency per US dollar | 10 |
| 1980s | 28.95 National currency per US dollar | 5.72 National currency per US dollar | 60.62 National currency per US dollar | 10 |
| 1990s | 72.71 National currency per US dollar | 67.3 National currency per US dollar | 79.25 National currency per US dollar | 10 |
| 2000s | 99.13 National currency per US dollar | 84.7 National currency per US dollar | 121.92 National currency per US dollar | 10 |
| 2010s | 138.05 National currency per US dollar | 132.92 National currency per US dollar | 141.97 National currency per US dollar | 10 |
| 2020s | 141.95 National currency per US dollar | 134.9 National currency per US dollar | 151.37 National currency per US dollar | 6 |
Countries ranked near Iceland
- 7 Estonia 0.5846 National currency per US dollar compare
- 7 Cameroon 198.54 National currency per US dollar compare
- 8 Slovenia 0.5583 National currency per US dollar compare
- 8 Hungary 183.58 National currency per US dollar compare
- 9 Lithuania 0.5132 National currency per US dollar compare
- 9 Kazakhstan 162.33 National currency per US dollar compare
- 10 Latvia 0.5047 National currency per US dollar compare
- 11 Japan 97.08 National currency per US dollar compare
- 12 Serbia 47.38 National currency per US dollar compare
- 13 Albania 40.48 National currency per US dollar compare
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 purchasing power parities and exchange rates — purchasing in Iceland?
- Annual purchasing power parities and exchange rates — purchasing in Iceland was 151.37 National currency per US dollar in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest annual purchasing power parities and exchange rates — purchasing recorded in Iceland?
- The highest recorded value was 151.37 National currency per US dollar in 2025.
- What is the lowest annual purchasing power parities and exchange rates — purchasing recorded in Iceland?
- The lowest recorded value was 0.2689 National currency per US dollar in 1960.
- How does Iceland rank for annual purchasing power parities and exchange rates — purchasing?
- Iceland ranks 10th out of 53 countries with data for 2025.
- Is annual purchasing power parities and exchange rates — purchasing rising or falling in Iceland?
- Over the last ten years it is up 6.6%. 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 Annual Purchasing Power Parities and exchange rates — Purchasing Power Parities for GDP. Statizoid updates them automatically from the source API.
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About this data
This table shows annual Purchasing Power Parities (PPPs) for Gross Domestic Product (GDP), household final consumption expenditure and actual individual consumption. It also shows exchange rates (annual averages and end of period), sourced from the International Monetary Fund's database on International Financial Statistics. Final consumption expenditure is the expenditure of resident households on consumption goods or services, while individual consumption is the sum of household consumption plus the individual (not collective) consumption of the non-profit institutions serving households (NPISH) and General Government sectors. These indicators were presented in the previous dissemination system in the SNA_TABLE4 dataset. For further information on (PPPs) please check the following link: Purchasing Power Parities and more precisely FAQ 2: Purchasing power parities OECD statistics contact: STAT.Contact@oecd.org