GDP (constant 2015 US$), per unit of GDP in Iceland
Iceland: GDP (constant 2015 US$), per unit of GDP was 0.5991 constant 2015 US$ per US$ of GDP in 2025. ◆ Volatile
GDP (constant 2015 US$), per unit of GDP in Iceland, 1960–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Iceland recorded 0.5991 constant 2015 US$ per US$ of GDP for gdp (constant 2015 us$), per unit of gdp in 2025. That is the lowest value across all 66 years on record.
That represents a change of down 12.9% on the previous year and down 40.1% over ten years.
Over the whole period, gdp (constant 2015 us$), per unit of gdp in Iceland peaked at 9.57 constant 2015 US$ per US$ of GDP in 1960 and was at its lowest, 0.5991 constant 2015 US$ per US$ of GDP, in 2025.
That places Iceland 191st out of 210 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant 2015 US$), per unit of GDP in Iceland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1960 | 9.57 constant 2015 US$ per US$ of GDP | — |
| 1961 | 9.35 constant 2015 US$ per US$ of GDP | -2.2% |
| 1962 | 9.03 constant 2015 US$ per US$ of GDP | -3.5% |
| 1963 | 8.34 constant 2015 US$ per US$ of GDP | -7.6% |
| 1964 | 7.18 constant 2015 US$ per US$ of GDP | -14.0% |
| 1965 | 6.39 constant 2015 US$ per US$ of GDP | -11.0% |
| 1966 | 5.78 constant 2015 US$ per US$ of GDP | -9.4% |
| 1967 | 5.78 constant 2015 US$ per US$ of GDP | -0.0% |
| 1968 | 7.15 constant 2015 US$ per US$ of GDP | +23.7% |
| 1969 | 8.38 constant 2015 US$ per US$ of GDP | +17.1% |
| 1970 | 7.2 constant 2015 US$ per US$ of GDP | -14.1% |
| 1971 | 6.39 constant 2015 US$ per US$ of GDP | -11.2% |
| 1972 | 5.42 constant 2015 US$ per US$ of GDP | -15.2% |
| 1973 | 4.21 constant 2015 US$ per US$ of GDP | -22.3% |
| 1974 | 3.39 constant 2015 US$ per US$ of GDP | -19.5% |
| 1975 | 3.68 constant 2015 US$ per US$ of GDP | +8.4% |
| 1976 | 3.28 constant 2015 US$ per US$ of GDP | -10.7% |
| 1977 | 2.7 constant 2015 US$ per US$ of GDP | -17.7% |
| 1978 | 2.52 constant 2015 US$ per US$ of GDP | -6.8% |
| 1979 | 2.32 constant 2015 US$ per US$ of GDP | -7.7% |
| 1980 | 2.07 constant 2015 US$ per US$ of GDP | -10.8% |
| 1981 | 2.09 constant 2015 US$ per US$ of GDP | +0.9% |
| 1982 | 2.33 constant 2015 US$ per US$ of GDP | +11.3% |
| 1983 | 2.64 constant 2015 US$ per US$ of GDP | +13.4% |
| 1984 | 2.66 constant 2015 US$ per US$ of GDP | +0.5% |
| 1985 | 2.63 constant 2015 US$ per US$ of GDP | -0.8% |
| 1986 | 2.09 constant 2015 US$ per US$ of GDP | -20.5% |
| 1987 | 1.64 constant 2015 US$ per US$ of GDP | -21.6% |
| 1988 | 1.48 constant 2015 US$ per US$ of GDP | -9.7% |
| 1989 | 1.6 constant 2015 US$ per US$ of GDP | +7.9% |
| 1990 | 1.42 constant 2015 US$ per US$ of GDP | -11.3% |
| 1991 | 1.33 constant 2015 US$ per US$ of GDP | -6.6% |
| 1992 | 1.25 constant 2015 US$ per US$ of GDP | -5.7% |
| 1993 | 1.44 constant 2015 US$ per US$ of GDP | +15.4% |
| 1994 | 1.45 constant 2015 US$ per US$ of GDP | +0.8% |
| 1995 | 1.31 constant 2015 US$ per US$ of GDP | -10.2% |
| 1996 | 1.31 constant 2015 US$ per US$ of GDP | +0.2% |
| 1997 | 1.36 constant 2015 US$ per US$ of GDP | +3.7% |
| 1998 | 1.3 constant 2015 US$ per US$ of GDP | -4.4% |
| 1999 | 1.28 constant 2015 US$ per US$ of GDP | -1.5% |
| 2000 | 1.34 constant 2015 US$ per US$ of GDP | +4.5% |
| 2001 | 1.53 constant 2015 US$ per US$ of GDP | +14.0% |
| 2002 | 1.36 constant 2015 US$ per US$ of GDP | -11.1% |
| 2003 | 1.13 constant 2015 US$ per US$ of GDP | -16.7% |
| 2004 | 1.01 constant 2015 US$ per US$ of GDP | -10.9% |
| 2005 | 0.877 constant 2015 US$ per US$ of GDP | -12.8% |
| 2006 | 0.8992 constant 2015 US$ per US$ of GDP | +2.5% |
| 2007 | 0.7868 constant 2015 US$ per US$ of GDP | -12.5% |
| 2008 | 0.963 constant 2015 US$ per US$ of GDP | +22.4% |
| 2009 | 1.22 constant 2015 US$ per US$ of GDP | +26.6% |
| 2010 | 1.13 constant 2015 US$ per US$ of GDP | -7.2% |
| 2011 | 1.04 constant 2015 US$ per US$ of GDP | -8.3% |
| 2012 | 1.08 constant 2015 US$ per US$ of GDP | +4.2% |
| 2013 | 1.03 constant 2015 US$ per US$ of GDP | -4.7% |
| 2014 | 0.9449 constant 2015 US$ per US$ of GDP | -8.3% |
| 2015 | 1 constant 2015 US$ per US$ of GDP | +5.8% |
| 2016 | 0.8917 constant 2015 US$ per US$ of GDP | -10.8% |
| 2017 | 0.7764 constant 2015 US$ per US$ of GDP | -12.9% |
| 2018 | 0.7633 constant 2015 US$ per US$ of GDP | -1.7% |
| 2019 | 0.8243 constant 2015 US$ per US$ of GDP | +8.0% |
| 2020 | 0.8725 constant 2015 US$ per US$ of GDP | +5.9% |
| 2021 | 0.7708 constant 2015 US$ per US$ of GDP | -11.7% |
| 2022 | 0.7545 constant 2015 US$ per US$ of GDP | -2.1% |
| 2023 | 0.7293 constant 2015 US$ per US$ of GDP | -3.3% |
| 2024 | 0.6878 constant 2015 US$ per US$ of GDP | -5.7% |
| 2025 | 0.5991 constant 2015 US$ per US$ of GDP | -12.9% |
Iceland compared with similar countries
- Iceland's 0.5991 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.8054 constant 2015 US$ per US$ of GDP, 74% of the median. (80 countries reporting)
- Iceland's 0.5991 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.7297 constant 2015 US$ per US$ of GDP, 82% of the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.7 constant 2015 US$ per US$ of GDP | 5.78 constant 2015 US$ per US$ of GDP | 9.57 constant 2015 US$ per US$ of GDP | 10 |
| 1970s | 4.11 constant 2015 US$ per US$ of GDP | 2.32 constant 2015 US$ per US$ of GDP | 7.2 constant 2015 US$ per US$ of GDP | 10 |
| 1980s | 2.12 constant 2015 US$ per US$ of GDP | 1.48 constant 2015 US$ per US$ of GDP | 2.66 constant 2015 US$ per US$ of GDP | 10 |
| 1990s | 1.34 constant 2015 US$ per US$ of GDP | 1.25 constant 2015 US$ per US$ of GDP | 1.45 constant 2015 US$ per US$ of GDP | 10 |
| 2000s | 1.11 constant 2015 US$ per US$ of GDP | 0.7868 constant 2015 US$ per US$ of GDP | 1.53 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.9481 constant 2015 US$ per US$ of GDP | 0.7633 constant 2015 US$ per US$ of GDP | 1.13 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.7357 constant 2015 US$ per US$ of GDP | 0.5991 constant 2015 US$ per US$ of GDP | 0.8725 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 188 Latvia 0.642 constant 2015 US$ per US$ of GDP compare
- 189 Russia 0.6392 constant 2015 US$ per US$ of GDP compare
- 190 Lithuania 0.5996 constant 2015 US$ per US$ of GDP compare
- 192 Armenia 0.5981 constant 2015 US$ per US$ of GDP compare
- 193 Montenegro 0.5926 constant 2015 US$ per US$ of GDP compare
- 194 Estonia 0.5893 constant 2015 US$ per US$ of GDP 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is gdp (constant 2015 us$), per unit of gdp in Iceland?
- Gdp (constant 2015 us$), per unit of gdp in Iceland was 0.5991 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gdp (constant 2015 us$), per unit of gdp recorded in Iceland?
- The highest recorded value was 9.57 constant 2015 US$ per US$ of GDP in 1960.
- What is the lowest gdp (constant 2015 us$), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.5991 constant 2015 US$ per US$ of GDP in 2025.
- How does Iceland rank for gdp (constant 2015 us$), per unit of gdp?
- Iceland ranks 191st out of 210 countries with data for 2025.
- Is gdp (constant 2015 us$), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 40.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of GDP (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP (constant 2015 US$) ÷ GDP (current US$)
Computed from
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.