GDP (current LCU), annual growth rate in Iceland
Iceland: GDP (current LCU), annual growth rate was 8.24 % change on previous year in 2025. ◆ Volatile
Latest (2025)
8.24 % change on previous year
Change on year
up 75.5%
World rank
82nd
of 212 countries
All-time high
73.49 % change on previous year
in 1983
All-time low
-2.59 % change on previous year
in 2020
Years of data
65
1961–2025
GDP (current LCU), annual growth rate in Iceland, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp (current lcu), annual growth rate in Iceland is 8.24 % change on previous year, measured in 2025.
Compared with earlier readings it is up 75.5% on the previous year and down 23.5% over ten years.
Over the whole period, gdp (current lcu), annual growth rate in Iceland peaked at 73.49 % change on previous year in 1983 and was at its lowest, -2.59 % change on previous year, in 2020.
Iceland ranks 82nd of 212 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current LCU), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 13.19 % change on previous year | — |
| 1962 | 20.39 % change on previous year | +54.6% |
| 1963 | 19.36 % change on previous year | -5.1% |
| 1964 | 27.7 % change on previous year | +43.1% |
| 1965 | 20.59 % change on previous year | -25.7% |
| 1966 | 20.09 % change on previous year | -2.5% |
| 1967 | 1.46 % change on previous year | -92.7% |
| 1968 | 7.49 % change on previous year | +412.4% |
| 1969 | 23.74 % change on previous year | +217.1% |
| 1970 | 25.12 % change on previous year | +5.8% |
| 1971 | 27.25 % change on previous year | +8.5% |
| 1972 | 25.64 % change on previous year | -5.9% |
| 1973 | 40.4 % change on previous year | +57.6% |
| 1974 | 45.55 % change on previous year | +12.7% |
| 1975 | 42.78 % change on previous year | -6.1% |
| 1976 | 40.65 % change on previous year | -5.0% |
| 1977 | 44.41 % change on previous year | +9.3% |
| 1978 | 55.05 % change on previous year | +23.9% |
| 1979 | 47.75 % change on previous year | -13.3% |
| 1980 | 61.24 % change on previous year | +28.3% |
| 1981 | 55.55 % change on previous year | -9.3% |
| 1982 | 56.96 % change on previous year | +2.5% |
| 1983 | 73.49 % change on previous year | +29.0% |
| 1984 | 32.12 % change on previous year | -56.3% |
| 1985 | 36.43 % change on previous year | +13.4% |
| 1986 | 32.4 % change on previous year | -11.1% |
| 1987 | 30.2 % change on previous year | -6.8% |
| 1988 | 23.02 % change on previous year | -23.8% |
| 1989 | 23.19 % change on previous year | +0.7% |
| 1990 | 16.52 % change on previous year | -28.8% |
| 1991 | 8.12 % change on previous year | -50.8% |
| 1992 | -0.041 % change on previous year | -100.5% |
| 1993 | 3.17 % change on previous year | -7829.2% |
| 1994 | 6.31 % change on previous year | +99.0% |
| 1995 | 3.12 % change on previous year | -50.6% |
| 1996 | 7.17 % change on previous year | +130.1% |
| 1997 | 7.04 % change on previous year | -1.8% |
| 1998 | 12.02 % change on previous year | +70.7% |
| 1999 | 7.49 % change on previous year | -37.7% |
| 2000 | 9.07 % change on previous year | +21.2% |
| 2001 | 12.85 % change on previous year | +41.7% |
| 2002 | 6.44 % change on previous year | -49.9% |
| 2003 | 2.78 % change on previous year | -56.8% |
| 2004 | 10.49 % change on previous year | +277.0% |
| 2005 | 10.18 % change on previous year | -3.0% |
| 2006 | 14.84 % change on previous year | +45.8% |
| 2007 | 13.42 % change on previous year | -9.6% |
| 2008 | 14.09 % change on previous year | +5.0% |
| 2009 | 1.79 % change on previous year | -87.3% |
| 2010 | 4.18 % change on previous year | +133.9% |
| 2011 | 4.88 % change on previous year | +16.6% |
| 2012 | 4.72 % change on previous year | -3.3% |
| 2013 | 6.18 % change on previous year | +31.0% |
| 2014 | 6.21 % change on previous year | +0.4% |
| 2015 | 10.77 % change on previous year | +73.6% |
| 2016 | 9.08 % change on previous year | -15.7% |
| 2017 | 5.11 % change on previous year | -43.7% |
| 2018 | 7.91 % change on previous year | +54.7% |
| 2019 | 6.03 % change on previous year | -23.8% |
| 2020 | -2.59 % change on previous year | -143.0% |
| 2021 | 11.65 % change on previous year | -549.2% |
| 2022 | 18.47 % change on previous year | +58.6% |
| 2023 | 10.8 % change on previous year | -41.6% |
| 2024 | 4.69 % change on previous year | -56.5% |
| 2025 | 8.24 % change on previous year | +75.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17.11 % change on previous year | 1.46 % change on previous year | 27.7 % change on previous year | 9 |
| 1970s | 39.46 % change on previous year | 25.12 % change on previous year | 55.05 % change on previous year | 10 |
| 1980s | 42.46 % change on previous year | 23.02 % change on previous year | 73.49 % change on previous year | 10 |
| 1990s | 7.09 % change on previous year | -0.041 % change on previous year | 16.52 % change on previous year | 10 |
| 2000s | 9.6 % change on previous year | 1.79 % change on previous year | 14.84 % change on previous year | 10 |
| 2010s | 6.51 % change on previous year | 4.18 % change on previous year | 10.77 % change on previous year | 10 |
| 2020s | 8.54 % change on previous year | -2.59 % change on previous year | 18.47 % change on previous year | 6 |
Countries ranked near Iceland
- 79 Saint Vincent and the Grenadines 8.47 % change on previous year compare
- 80 Kenya 8.29 % change on previous year compare
- 81 North Macedonia 8.28 % change on previous year compare
- 83 Croatia 8.23 % change on previous year compare
- 84 Comoros 8.22 % change on previous year compare
- 85 Colombia 8.21 % 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 (current US$), annual growth rate 16.26 % change on previous year (2025)
- GDP (current US$), per capita 98,323 current US$ per person (2025)
- GDP (current LCU), per unit of GDP 128.44 current LCU per US$ of GDP (2025)
- GDP (current LCU), per capita 12.63 million current LCU per person (2025)
- 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), annual growth rate 1.28 % change on previous year (2025)
Frequently asked questions
- What is gdp (current lcu), annual growth rate in Iceland?
- Gdp (current lcu), annual growth rate in Iceland was 8.24 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp (current lcu), annual growth rate recorded in Iceland?
- The highest recorded value was 73.49 % change on previous year in 1983.
- What is the lowest gdp (current lcu), annual growth rate recorded in Iceland?
- The lowest recorded value was -2.59 % change on previous year in 2020.
- How does Iceland rank for gdp (current lcu), annual growth rate?
- Iceland ranks 82nd out of 212 countries with data for 2025.
- Is gdp (current lcu), annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 23.5%. 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 (current 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 (current 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 (current LCU). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.