Economic Outlook No 116 — Indicator of competitiveness based on in Iceland
Iceland: Economic Outlook No 116 — Indicator of competitiveness based on was 112.15 in 2026. ▼ Falling
Economic Outlook No 116 — Indicator of competitiveness based on in Iceland, 1970–2026
Source: Organisation for Economic Co-operation and Development.
Analysis
In 2026, economic outlook no 116 — indicator of competitiveness based on in Iceland stood at 112.15.
That represents a change of up 9.8% over ten years.
Over the whole period, economic outlook no 116 — indicator of competitiveness based on in Iceland peaked at 119.4 in 1974 and was at its lowest, 72.39, in 2009.
That places Iceland 5th out of 38 countries with data for 2026, putting it in the top quarter.
The long-run direction has been consistently falling across the 57 years of available data.
Economic Outlook No 116 — Indicator of competitiveness based on in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1970 | 106.63 | — |
| 1971 | 104.22 | -2.3% |
| 1972 | 102.33 | -1.8% |
| 1973 | 100.39 | -1.9% |
| 1974 | 119.4 | +18.9% |
| 1975 | 99.58 | -16.6% |
| 1976 | 108.14 | +8.6% |
| 1977 | 116.53 | +7.8% |
| 1978 | 106.48 | -8.6% |
| 1979 | 102.26 | -4.0% |
| 1980 | 107.04 | +4.7% |
| 1981 | 114.45 | +6.9% |
| 1982 | 106.03 | -7.4% |
| 1983 | 99.04 | -6.6% |
| 1984 | 106.78 | +7.8% |
| 1985 | 105.5 | -1.2% |
| 1986 | 102.37 | -3.0% |
| 1987 | 109.97 | +7.4% |
| 1988 | 116.24 | +5.7% |
| 1989 | 107.14 | -7.8% |
| 1990 | 104.3 | -2.6% |
| 1991 | 106.35 | +2.0% |
| 1992 | 106.19 | -0.2% |
| 1993 | 99.79 | -6.0% |
| 1994 | 93.44 | -6.4% |
| 1995 | 92.1 | -1.4% |
| 1996 | 91.38 | -0.8% |
| 1997 | 92.45 | +1.2% |
| 1998 | 94.84 | +2.6% |
| 1999 | 97.53 | +2.8% |
| 2000 | 101.28 | +3.8% |
| 2001 | 89.72 | -11.4% |
| 2002 | 95.66 | +6.6% |
| 2003 | 100.53 | +5.1% |
| 2004 | 103.21 | +2.7% |
| 2005 | 116.96 | +13.3% |
| 2006 | 109.32 | -6.5% |
| 2007 | 113.53 | +3.8% |
| 2008 | 88.79 | -21.8% |
| 2009 | 72.39 | -18.5% |
| 2010 | 75.89 | +4.8% |
| 2011 | 76.56 | +0.9% |
| 2012 | 77.28 | +0.9% |
| 2013 | 80.52 | +4.2% |
| 2014 | 86.56 | +7.5% |
| 2015 | 91.02 | +5.2% |
| 2016 | 102.09 | +12.2% |
| 2017 | 113.51 | +11.2% |
| 2018 | 110.69 | -2.5% |
| 2019 | 103.89 | -6.1% |
| 2020 | 96.34 | -7.3% |
| 2021 | 100 | +3.8% |
| 2022 | 103.72 | +3.7% |
| 2023 | 105.5 | +1.7% |
| 2024 | 109.04 | +3.4% |
| 2025 | 112.12 | +2.8% |
| 2026 | 112.15 | +0.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 106.6 | 99.58 | 119.4 | 10 |
| 1980s | 107.46 | 99.04 | 116.24 | 10 |
| 1990s | 97.84 | 91.38 | 106.35 | 10 |
| 2000s | 99.14 | 72.39 | 116.96 | 10 |
| 2010s | 91.8 | 75.89 | 113.51 | 10 |
| 2020s | 105.55 | 96.34 | 112.15 | 7 |
Countries ranked near Iceland
- 2 Croatia 104.72 compare
- 2 Costa Rica 122.58 compare
- 2 Estonia 116.19 compare
- 3 United States of America 114.97 compare
- 3 Lithuania 109.15 compare
- 4 Peru 112.21 compare
- 4 Latvia 104.09 compare
- 5 Netherlands 103.2 compare
- 6 Mexico 111.81 compare
- 6 Slovenia 102.35 compare
- 7 Brazil 110.28 compare
- 8 Czechia 110.22 compare
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)
- Manufacturing, value added (current US$), per unit of GDP 0.0853 current US$ per US$ of GDP (2025)
- Manufacturing, value added (current US$), per capita 8,386 current US$ per person (2025)
- Manufacturing, value added (current LCU), per unit of GDP 10.96 current LCU per US$ of GDP (2025)
- Manufacturing, value added (current LCU), per capita 1.08 million current LCU per person (2025)
- Manufacturing, value added (constant 2015 US$), per unit of GDP 0.051 constant 2015 US$ per US$ of GDP (2025)
- Manufacturing, value added (constant 2015 US$), per capita 5,012 constant 2015 US$ per person (2025)
- Manufacturing, value added (constant LCU), per capita 729,781 constant LCU per person (2025)
- Industry (including construction), value added (current US$), annual 16.18 % change on previous year (2025)
Frequently asked questions
- What is economic outlook no 116 — indicator of competitiveness based on in Iceland?
- Economic outlook no 116 — indicator of competitiveness based on in Iceland was 112.15 in 2026, according to Organisation for Economic Co-operation and Development.
- What is the highest economic outlook no 116 — indicator of competitiveness based on recorded in Iceland?
- The highest recorded value was 119.4 in 1974.
- What is the lowest economic outlook no 116 — indicator of competitiveness based on recorded in Iceland?
- The lowest recorded value was 72.39 in 2009.
- How does Iceland rank for economic outlook no 116 — indicator of competitiveness based on?
- Iceland ranks 5th out of 38 countries with data for 2026.
- Is economic outlook no 116 — indicator of competitiveness based on rising or falling in Iceland?
- Over the last ten years it is up 9.8%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Economic Outlook No 116 — Indicator of competitiveness based on relative consumer prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The OECD Economic Outlook presents the OECD’s analysis of the major global economic trends and prospects for the next two years. The Outlook puts forward a consistent set of projections for output, employment, government spending, prices and current balances based on a review of each member country and of the induced effect on each of them on international developments. OECD (2024), OECD Economic Outlook No 116 (Edition 2024/2) EO116 Database documentation EO116 Last historical points OECD Economic Outlook website: https://www.oecd.org/economic-outlook/ Contact: eco.outlook@oecd.org