Annual simplified non-financial accounts by institutional sector in Iceland
Iceland: Annual simplified non-financial accounts by institutional sector was 125,832 National currency in 2024. ◆ Volatile
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
The most recent figure for annual simplified non-financial accounts by institutional sector in Iceland is 125,832 National currency, measured in 2024. That is the highest value across all 25 years on record.
The figure is up 10.5% on the previous year and up 47.6% over ten years.
Over the whole period, annual simplified non-financial accounts by institutional sector in Iceland peaked at 125,832 National currency in 2024 and was at its lowest, 18,031 National currency, in 2000.
That places Iceland 14th out of 31 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Annual simplified non-financial accounts by institutional sector in Iceland, year by year
| Year | National currency | Change |
|---|---|---|
| 2000 | 18,031 National currency | — |
| 2001 | 19,667 National currency | +9.1% |
| 2002 | 19,623 National currency | -0.2% |
| 2003 | 21,577 National currency | +10.0% |
| 2004 | 23,283 National currency | +7.9% |
| 2005 | 23,915 National currency | +2.7% |
| 2006 | 24,324 National currency | +1.7% |
| 2007 | 30,769 National currency | +26.5% |
| 2008 | 36,704 National currency | +19.3% |
| 2009 | 37,882 National currency | +3.2% |
| 2010 | 38,015 National currency | +0.4% |
| 2011 | 40,124 National currency | +5.5% |
| 2012 | 46,042 National currency | +14.7% |
| 2013 | 50,462 National currency | +9.6% |
| 2014 | 85,276 National currency | +69.0% |
| 2015 | 83,335 National currency | -2.3% |
| 2016 | 66,313 National currency | -20.4% |
| 2017 | 76,924 National currency | +16.0% |
| 2018 | 76,880 National currency | -0.1% |
| 2019 | 85,948 National currency | +11.8% |
| 2020 | 94,547 National currency | +10.0% |
| 2021 | 88,875 National currency | -6.0% |
| 2022 | 107,183 National currency | +20.6% |
| 2023 | 113,896 National currency | +6.3% |
| 2024 | 125,832 National currency | +10.5% |
Iceland compared with similar countries
- Iceland's 125,832 National currency is above the median for high income countries, which is 45,476 National currency, 2.8× the median. (27 countries reporting)
- Iceland's 125,832 National currency is above the median for Europe & Central Asia, which is 33,450 National currency, 3.8× the median. (20 countries reporting)
Biggest year-on-year movements
Years where Annual simplified non-financial accounts by institutional sector 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 |
|---|---|---|---|
| 2014 | +69.0% | 50,462 National currency | 85,276 National currency |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25,577 National currency | 18,031 National currency | 37,882 National currency | 10 |
| 2010s | 64,932 National currency | 38,015 National currency | 85,948 National currency | 10 |
| 2020s | 106,067 National currency | 88,875 National currency | 125,832 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (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 125,832 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 125,832 National currency in 2024.
- What is the lowest annual simplified non-financial accounts by institutional sector recorded in Iceland?
- The lowest recorded value was 18,031 National currency in 2000.
- How does Iceland rank for annual simplified non-financial accounts by institutional sector?
- Iceland ranks 14th out of 31 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 47.6%. 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 simplified non-financial accounts by institutional sector (Expenditure) — Other taxes on production. Statizoid updates them automatically from the source API.
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About this data
This table presents the Expenditure (or Uses) lines, not including 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 (Revenue)’ and ‘Annual simplified non-financial accounts by institutional sector (Balancing items)’. 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