Annual simplified non-financial accounts by institutional sector in Iceland
Iceland: Annual simplified non-financial accounts by institutional sector was 654,540 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 654,540 National currency. That is the highest value across all 25 years on record.
Compared with earlier readings it is up 11.4% on the previous year and up 107.8% over ten years.
Over the whole period, annual simplified non-financial accounts by institutional sector in Iceland peaked at 654,540 National currency in 2024 and was at its lowest, 120,631 National currency, in 2001.
Iceland ranks 14th of 33 countries on this measure, 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 | 121,140 National currency | — |
| 2001 | 120,631 National currency | -0.4% |
| 2002 | 127,549 National currency | +5.7% |
| 2003 | 139,024 National currency | +9.0% |
| 2004 | 162,195 National currency | +16.7% |
| 2005 | 190,019 National currency | +17.2% |
| 2006 | 213,823 National currency | +12.5% |
| 2007 | 231,914 National currency | +8.5% |
| 2008 | 225,971 National currency | -2.6% |
| 2009 | 209,097 National currency | -7.5% |
| 2010 | 219,006 National currency | +4.7% |
| 2011 | 233,505 National currency | +6.6% |
| 2012 | 255,848 National currency | +9.6% |
| 2013 | 267,242 National currency | +4.5% |
| 2014 | 315,050 National currency | +17.9% |
| 2015 | 335,176 National currency | +6.4% |
| 2016 | 345,502 National currency | +3.1% |
| 2017 | 389,837 National currency | +12.8% |
| 2018 | 403,737 National currency | +3.6% |
| 2019 | 408,417 National currency | +1.2% |
| 2020 | 403,712 National currency | -1.2% |
| 2021 | 446,351 National currency | +10.6% |
| 2022 | 522,287 National currency | +17.0% |
| 2023 | 587,328 National currency | +12.5% |
| 2024 | 654,540 National currency | +11.4% |
Iceland compared with similar countries
- Iceland's 654,540 National currency is above the median for high income countries, which is 331,212 National currency, 2.0× the median. (28 countries reporting)
- Iceland's 654,540 National currency is above the median for Europe & Central Asia, which is 266,264 National currency, 2.5× the median. (20 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 174,136 National currency | 120,631 National currency | 231,914 National currency | 10 |
| 2010s | 317,332 National currency | 219,006 National currency | 408,417 National currency | 10 |
| 2020s | 522,844 National currency | 403,712 National currency | 654,540 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 654,540 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 654,540 National currency in 2024.
- What is the lowest annual simplified non-financial accounts by institutional sector recorded in Iceland?
- The lowest recorded value was 120,631 National currency in 2001.
- How does Iceland rank for annual simplified non-financial accounts by institutional sector?
- Iceland ranks 14th out of 33 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 107.8%. 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 (Revenue) — Taxes on production and imports. Statizoid updates them automatically from the source API.
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About this data
This table presents the Revenue (or Resources) 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 (Expenditure) 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