GDP (constant LCU), annual growth rate in Iceland
Iceland: GDP (constant LCU), annual growth rate was 1.28 % change on previous year in 2025. ◆ Volatile
Latest (2025)
1.28 % change on previous year
Change on year
up 199.7%
World rank
166th
of 213 countries
All-time high
13.06 % change on previous year
in 1971
All-time low
-8.32 % change on previous year
in 2009
Years of data
65
1961–2025
GDP (constant LCU), annual growth rate in Iceland, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 1.28 % change on previous year for gdp (constant lcu), annual growth rate in 2025.
That represents a change of up 199.7% on the previous year and down 66.0% over ten years.
Over the whole period, gdp (constant lcu), annual growth rate in Iceland peaked at 13.06 % change on previous year in 1971 and was at its lowest, -8.32 % change on previous year, in 2009.
Iceland ranks 166th of 213 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (constant LCU), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -0.0741 % change on previous year | — |
| 1962 | 8.31 % change on previous year | -11326.8% |
| 1963 | 10.28 % change on previous year | +23.7% |
| 1964 | 9.88 % change on previous year | -3.9% |
| 1965 | 7.3 % change on previous year | -26.2% |
| 1966 | 8.75 % change on previous year | +19.9% |
| 1967 | -1.26 % change on previous year | -114.4% |
| 1968 | -5.5 % change on previous year | +336.3% |
| 1969 | 2.39 % change on previous year | -143.5% |
| 1970 | 7.46 % change on previous year | +212.1% |
| 1971 | 13.06 % change on previous year | +75.1% |
| 1972 | 6.18 % change on previous year | -52.7% |
| 1973 | 6.81 % change on previous year | +10.2% |
| 1974 | 5.71 % change on previous year | -16.2% |
| 1975 | 0.6462 % change on previous year | -88.7% |
| 1976 | 5.96 % change on previous year | +822.1% |
| 1977 | 8.82 % change on previous year | +48.0% |
| 1978 | 6.02 % change on previous year | -31.8% |
| 1979 | 4.86 % change on previous year | -19.2% |
| 1980 | 5.75 % change on previous year | +18.2% |
| 1981 | 4.27 % change on previous year | -25.8% |
| 1982 | 2.15 % change on previous year | -49.5% |
| 1983 | -2.15 % change on previous year | -199.8% |
| 1984 | 4.13 % change on previous year | -292.0% |
| 1985 | 3.29 % change on previous year | -20.3% |
| 1986 | 6.27 % change on previous year | +90.4% |
| 1987 | 8.55 % change on previous year | +36.3% |
| 1988 | -0.0893 % change on previous year | -101.0% |
| 1989 | 0.2585 % change on previous year | -389.5% |
| 1990 | 1.17 % change on previous year | +352.3% |
| 1991 | -0.2237 % change on previous year | -119.1% |
| 1992 | -3.37 % change on previous year | +1408.2% |
| 1993 | 1.31 % change on previous year | -138.9% |
| 1994 | 3.61 % change on previous year | +174.8% |
| 1995 | 0.1165 % change on previous year | -96.8% |
| 1996 | 4.5 % change on previous year | +3759.3% |
| 1997 | 4.14 % change on previous year | -7.9% |
| 1998 | 7.01 % change on previous year | +69.3% |
| 1999 | 3.9 % change on previous year | -44.4% |
| 2000 | 4.9 % change on previous year | +25.8% |
| 2001 | 3.84 % change on previous year | -21.7% |
| 2002 | 0.5421 % change on previous year | -85.9% |
| 2003 | 2.28 % change on previous year | +320.8% |
| 2004 | 7.62 % change on previous year | +234.1% |
| 2005 | 7.03 % change on previous year | -7.8% |
| 2006 | 5.67 % change on previous year | -19.3% |
| 2007 | 8.74 % change on previous year | +54.1% |
| 2008 | 1.7 % change on previous year | -80.6% |
| 2009 | -8.32 % change on previous year | -589.6% |
| 2010 | -2.22 % change on previous year | -73.3% |
| 2011 | 1.38 % change on previous year | -162.1% |
| 2012 | 1.17 % change on previous year | -15.3% |
| 2013 | 3.6 % change on previous year | +207.7% |
| 2014 | 1.91 % change on previous year | -46.8% |
| 2015 | 3.77 % change on previous year | +96.9% |
| 2016 | 6.22 % change on previous year | +65.0% |
| 2017 | 3.49 % change on previous year | -43.9% |
| 2018 | 4.66 % change on previous year | +33.7% |
| 2019 | 1.14 % change on previous year | -75.6% |
| 2020 | -6.65 % change on previous year | -683.9% |
| 2021 | 5.18 % change on previous year | -178.0% |
| 2022 | 8.86 % change on previous year | +71.0% |
| 2023 | 5.03 % change on previous year | -43.2% |
| 2024 | -1.28 % change on previous year | -125.5% |
| 2025 | 1.28 % change on previous year | -199.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.45 % change on previous year | -5.5 % change on previous year | 10.28 % change on previous year | 9 |
| 1970s | 6.55 % change on previous year | 0.6462 % change on previous year | 13.06 % change on previous year | 10 |
| 1980s | 3.24 % change on previous year | -2.15 % change on previous year | 8.55 % change on previous year | 10 |
| 1990s | 2.22 % change on previous year | -3.37 % change on previous year | 7.01 % change on previous year | 10 |
| 2000s | 3.4 % change on previous year | -8.32 % change on previous year | 8.74 % change on previous year | 10 |
| 2010s | 2.51 % change on previous year | -2.22 % change on previous year | 6.22 % change on previous year | 10 |
| 2020s | 2.07 % change on previous year | -6.65 % change on previous year | 8.86 % change on previous year | 6 |
Countries ranked near Iceland
- 163 Australia 1.35 % change on previous year compare
- 164 Belarus 1.3 % change on previous year compare
- 165 Switzerland 1.3 % change on previous year compare
- 167 Japan 1.19 % change on previous year compare
- 168 French Polynesia 1.13 % change on previous year compare
- 169 South Africa 1.11 % change on previous year 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)
- GDP (constant 2015 US$), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5991 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 58,910 constant 2015 US$ per person (2025)
- GDP (constant LCU), per unit of GDP 92.99 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 9.14 million constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
- Gross domestic savings (current US$), per capita 23,906 current US$ per person (2025)
Frequently asked questions
- What is gdp (constant lcu), annual growth rate in Iceland?
- Gdp (constant lcu), annual growth rate in Iceland was 1.28 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp (constant lcu), annual growth rate recorded in Iceland?
- The highest recorded value was 13.06 % change on previous year in 1971.
- What is the lowest gdp (constant lcu), annual growth rate recorded in Iceland?
- The lowest recorded value was -8.32 % change on previous year in 2009.
- How does Iceland rank for gdp (constant lcu), annual growth rate?
- Iceland ranks 166th out of 213 countries with data for 2025.
- Is gdp (constant lcu), annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 66.0%. 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 LCU), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- 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
The year-on-year percentage change in GDP (constant LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.