Annual simplified non-financial accounts by institutional sector in Iceland
Iceland: Annual simplified non-financial accounts by institutional sector was 73,120 National currency in 2024. ▲ Rising
Annual simplified non-financial accounts by institutional sector in Iceland, 2000–2024
Source: Organisation for Economic Co-operation and Development. Measured in National currency.
Analysis
In 2024, annual simplified non-financial accounts by institutional sector in Iceland stood at 73,120 National currency. That is the highest value across all 25 years on record.
The figure is up 8.8% on the previous year and up 88.0% over ten years.
Over the whole period, annual simplified non-financial accounts by institutional sector in Iceland peaked at 73,120 National currency in 2024 and was at its lowest, 26,332 National currency, in 2003.
That places Iceland 21st out of 30 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
Annual simplified non-financial accounts by institutional sector in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 2000 | 33,259 National currency | — |
| 2001 | 32,461 National currency | -2.4% |
| 2002 | 27,452 National currency | -15.4% |
| 2003 | 26,332 National currency | -4.1% |
| 2004 | 26,372 National currency | +0.2% |
| 2005 | 27,261 National currency | +3.4% |
| 2006 | 29,280 National currency | +7.4% |
| 2007 | 31,162 National currency | +6.4% |
| 2008 | 30,164 National currency | -3.2% |
| 2009 | 28,901 National currency | -4.2% |
| 2010 | 28,713 National currency | -0.7% |
| 2011 | 31,061 National currency | +8.2% |
| 2012 | 34,149 National currency | +9.9% |
| 2013 | 36,085 National currency | +5.7% |
| 2014 | 38,899 National currency | +7.8% |
| 2015 | 41,663 National currency | +7.1% |
| 2016 | 45,176 National currency | +8.4% |
| 2017 | 47,647 National currency | +5.5% |
| 2018 | 49,540 National currency | +4.0% |
| 2019 | 50,922 National currency | +2.8% |
| 2020 | 48,684 National currency | -4.4% |
| 2021 | 53,859 National currency | +10.6% |
| 2022 | 58,531 National currency | +8.7% |
| 2023 | 67,222 National currency | +14.8% |
| 2024 | 73,120 National currency | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 29,264 National currency | 26,332 National currency | 33,259 National currency | 10 |
| 2010s | 40,385 National currency | 28,713 National currency | 50,922 National currency | 10 |
| 2020s | 60,283 National currency | 48,684 National currency | 73,120 National currency | 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)
- 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)
Frequently asked questions
- What is annual simplified non-financial accounts by institutional sector in Iceland?
- Annual simplified non-financial accounts by institutional sector in Iceland was 73,120 National currency in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest annual simplified non-financial accounts by institutional sector recorded in Iceland?
- The highest recorded value was 73,120 National currency in 2024.
- What is the lowest annual simplified non-financial accounts by institutional sector recorded in Iceland?
- The lowest recorded value was 26,332 National currency in 2003.
- How does Iceland rank for annual simplified non-financial accounts by institutional sector?
- Iceland ranks 21st out of 30 countries with data for 2024.
- Is annual simplified non-financial accounts by institutional sector rising or falling in Iceland?
- Over the last ten years it is up 88.0%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual simplified non-financial accounts by institutional sector (Balancing items) — Mixed income, gross. Statizoid updates them automatically from the source API.
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About this data
This table presents the balancing items for a simplified sequence of non-financial accounts from the generation of income account to the capital account. This table is designed to be used in conjunction with the tables entitled ‘Annual simplified non-financial accounts by institutional sector (Expenditure)’ and ‘Annual simplified non-financial accounts by institutional sector (Revenue)’. The data is presented for the economy of each country (or area) as a whole and also for Corporations (both non-financial and financial), General Government, and Households and non-profit institutions serving households (NPISHs). The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Alternatively, specific lines within the sequence can be selected using the ‘Transaction’ filter to compare an item for combinations of sectors, countries and time periods. These indicators were presented in the previous dissemination system in the SNA_TABLE13 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org