GDP (current LCU) (Country official) in Iceland
Iceland: GDP (current LCU) (Country official) was 4.96 trillion current LCU in 2025. ◆ Volatile
Latest (2025)
4.96 trillion current LCU
Change on year
up 8.2%
World rank
73rd
of 214 countries
All-time high
4.96 trillion current LCU
in 2025
All-time low
94.45 million current LCU
in 1960
Years of data
66
1960–2025
GDP in Iceland, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current LCU.
Analysis
Iceland recorded 4.96 trillion current LCU for gdp in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 8.2% on the previous year and up 112.2% over ten years.
Over the whole period, gdp in Iceland peaked at 4.96 trillion current LCU in 2025 and was at its lowest, 94.45 million current LCU, in 1960.
Iceland ranks 73rd of 214 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) (Country official) in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 94.45 million current LCU | — |
| 1961 | 106.91 million current LCU | +13.2% |
| 1962 | 128.70 million current LCU | +20.4% |
| 1963 | 153.61 million current LCU | +19.4% |
| 1964 | 196.17 million current LCU | +27.7% |
| 1965 | 236.56 million current LCU | +20.6% |
| 1966 | 284.08 million current LCU | +20.1% |
| 1967 | 288.24 million current LCU | +1.5% |
| 1968 | 309.82 million current LCU | +7.5% |
| 1969 | 383.38 million current LCU | +23.7% |
| 1970 | 479.70 million current LCU | +25.1% |
| 1971 | 610.44 million current LCU | +27.3% |
| 1972 | 766.98 million current LCU | +25.6% |
| 1973 | 1.08 billion current LCU | +40.4% |
| 1974 | 1.57 billion current LCU | +45.5% |
| 1975 | 2.24 billion current LCU | +42.8% |
| 1976 | 3.15 billion current LCU | +40.6% |
| 1977 | 4.55 billion current LCU | +44.4% |
| 1978 | 7.05 billion current LCU | +55.0% |
| 1979 | 10.41 billion current LCU | +47.7% |
| 1980 | 16.79 billion current LCU | +61.2% |
| 1981 | 26.12 billion current LCU | +55.5% |
| 1982 | 40.99 billion current LCU | +57.0% |
| 1983 | 71.12 billion current LCU | +73.5% |
| 1984 | 93.96 billion current LCU | +32.1% |
| 1985 | 128.19 billion current LCU | +36.4% |
| 1986 | 169.72 billion current LCU | +32.4% |
| 1987 | 220.97 billion current LCU | +30.2% |
| 1988 | 271.85 billion current LCU | +23.0% |
| 1989 | 334.88 billion current LCU | +23.2% |
| 1990 | 390.20 billion current LCU | +16.5% |
| 1991 | 421.90 billion current LCU | +8.1% |
| 1992 | 421.73 billion current LCU | -0.0% |
| 1993 | 435.09 billion current LCU | +3.2% |
| 1994 | 462.53 billion current LCU | +6.3% |
| 1995 | 476.95 billion current LCU | +3.1% |
| 1996 | 511.16 billion current LCU | +7.2% |
| 1997 | 547.15 billion current LCU | +7.0% |
| 1998 | 612.92 billion current LCU | +12.0% |
| 1999 | 658.80 billion current LCU | +7.5% |
| 2000 | 718.56 billion current LCU | +9.1% |
| 2001 | 810.90 billion current LCU | +12.9% |
| 2002 | 863.11 billion current LCU | +6.4% |
| 2003 | 887.12 billion current LCU | +2.8% |
| 2004 | 980.15 billion current LCU | +10.5% |
| 2005 | 1.08 trillion current LCU | +10.2% |
| 2006 | 1.24 trillion current LCU | +14.8% |
| 2007 | 1.41 trillion current LCU | +13.4% |
| 2008 | 1.60 trillion current LCU | +14.1% |
| 2009 | 1.63 trillion current LCU | +1.8% |
| 2010 | 1.70 trillion current LCU | +4.2% |
| 2011 | 1.78 trillion current LCU | +4.9% |
| 2012 | 1.87 trillion current LCU | +4.7% |
| 2013 | 1.98 trillion current LCU | +6.2% |
| 2014 | 2.11 trillion current LCU | +6.2% |
| 2015 | 2.34 trillion current LCU | +10.8% |
| 2016 | 2.55 trillion current LCU | +9.1% |
| 2017 | 2.68 trillion current LCU | +5.1% |
| 2018 | 2.89 trillion current LCU | +7.9% |
| 2019 | 3.06 trillion current LCU | +6.0% |
| 2020 | 2.98 trillion current LCU | -2.6% |
| 2021 | 3.33 trillion current LCU | +11.6% |
| 2022 | 3.95 trillion current LCU | +18.5% |
| 2023 | 4.37 trillion current LCU | +10.8% |
| 2024 | 4.58 trillion current LCU | +4.7% |
| 2025 | 4.96 trillion current LCU | +8.2% |
Iceland compared with similar countries
- Iceland's 4.96 trillion current LCU is above the median for high income countries, which is 211.72 billion current LCU, 23.4× the median. (82 countries reporting)
- Iceland's 4.96 trillion current LCU is above the median for Europe & Central Asia, which is 433.17 billion current LCU, 11.4× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 218.19 million current LCU | 94.45 million current LCU | 383.38 million current LCU | 10 |
| 1970s | 3.19 billion current LCU | 479.70 million current LCU | 10.41 billion current LCU | 10 |
| 1980s | 137.46 billion current LCU | 16.79 billion current LCU | 334.88 billion current LCU | 10 |
| 1990s | 493.84 billion current LCU | 390.20 billion current LCU | 658.80 billion current LCU | 10 |
| 2000s | 1.12 trillion current LCU | 718.56 billion current LCU | 1.63 trillion current LCU | 10 |
| 2010s | 2.30 trillion current LCU | 1.70 trillion current LCU | 3.06 trillion current LCU | 10 |
| 2020s | 4.03 trillion current LCU | 2.98 trillion current LCU | 4.96 trillion current LCU | 6 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
Frequently asked questions
- What is gdp in Iceland?
- Gdp in Iceland was 4.96 trillion current LCU in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp recorded in Iceland?
- The highest recorded value was 4.96 trillion current LCU in 2025.
- What is the lowest gdp recorded in Iceland?
- The lowest recorded value was 94.45 million current LCU in 1960.
- How does Iceland rank for gdp?
- Iceland ranks 73rd out of 214 countries with data for 2025.
- Is gdp rising or falling in Iceland?
- Over the last ten years it is up 112.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP (current LCU). Statizoid updates them automatically from the source API.
Download this data
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About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.