GDP (current US$), annual growth rate (Country official) in Iceland
Iceland: GDP (current US$), annual growth rate (Country official) was 16.26 % change on previous year in 2025. ◆ Volatile
Latest (2025)
16.26 % change on previous year
Change on year
up 247.2%
World rank
22nd
of 212 countries
All-time high
38.37 % change on previous year
in 1987
All-time low
-27.59 % change on previous year
in 2009
Years of data
65
1961–2025
GDP (current US$), annual growth rate in Iceland, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 16.26 % change on previous year for gdp (current us$), annual growth rate in 2025.
Compared with earlier readings it is up 247.2% on the previous year and up 934.6% over ten years.
Over the whole period, gdp (current us$), annual growth rate in Iceland peaked at 38.37 % change on previous year in 1987 and was at its lowest, -27.59 % change on previous year, in 2009.
That places Iceland 22nd out of 212 countries with data for 2025, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP (current US$), annual growth rate (Country official) in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 2.19 % change on previous year | — |
| 1962 | 12.22 % change on previous year | +457.0% |
| 1963 | 19.35 % change on previous year | +58.4% |
| 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 | -1.22 % change on previous year | -106.1% |
| 1968 | -23.64 % change on previous year | +1838.5% |
| 1969 | -12.58 % change on previous year | -46.8% |
| 1970 | 25.12 % change on previous year | -299.7% |
| 1971 | 27.25 % change on previous year | +8.5% |
| 1972 | 25.27 % change on previous year | -7.3% |
| 1973 | 37.49 % change on previous year | +48.3% |
| 1974 | 31.25 % change on previous year | -16.6% |
| 1975 | -7.15 % change on previous year | -122.9% |
| 1976 | 18.67 % change on previous year | -361.1% |
| 1977 | 32.29 % change on previous year | +73.0% |
| 1978 | 13.73 % change on previous year | -57.5% |
| 1979 | 13.6 % change on previous year | -1.0% |
| 1980 | 18.5 % change on previous year | +36.1% |
| 1981 | 3.3 % change on previous year | -82.2% |
| 1982 | -8.2 % change on previous year | -348.5% |
| 1983 | -13.74 % change on previous year | +67.6% |
| 1984 | 3.56 % change on previous year | -125.9% |
| 1985 | 4.18 % change on previous year | +17.3% |
| 1986 | 33.7 % change on previous year | +707.0% |
| 1987 | 38.37 % change on previous year | +13.9% |
| 1988 | 10.62 % change on previous year | -72.3% |
| 1989 | -7.11 % change on previous year | -166.9% |
| 1990 | 14.04 % change on previous year | -297.5% |
| 1991 | 6.82 % change on previous year | -51.4% |
| 1992 | 2.48 % change on previous year | -63.6% |
| 1993 | -12.18 % change on previous year | -591.4% |
| 1994 | 2.75 % change on previous year | -122.6% |
| 1995 | 11.49 % change on previous year | +318.2% |
| 1996 | 4.26 % change on previous year | -62.9% |
| 1997 | 0.393 % change on previous year | -90.8% |
| 1998 | 11.93 % change on previous year | +2936.6% |
| 1999 | 5.44 % change on previous year | -54.4% |
| 2000 | 0.3572 % change on previous year | -93.4% |
| 2001 | -8.94 % change on previous year | -2601.9% |
| 2002 | 13.13 % change on previous year | -246.9% |
| 2003 | 22.82 % change on previous year | +73.8% |
| 2004 | 20.75 % change on previous year | -9.1% |
| 2005 | 22.79 % change on previous year | +9.9% |
| 2006 | 3.06 % change on previous year | -86.6% |
| 2007 | 24.27 % change on previous year | +692.3% |
| 2008 | -16.9 % change on previous year | -169.7% |
| 2009 | -27.59 % change on previous year | +63.2% |
| 2010 | 5.38 % change on previous year | -119.5% |
| 2011 | 10.57 % change on previous year | +96.6% |
| 2012 | -2.92 % change on previous year | -127.7% |
| 2013 | 8.7 % change on previous year | -397.6% |
| 2014 | 11.13 % change on previous year | +27.9% |
| 2015 | -1.95 % change on previous year | -117.5% |
| 2016 | 19.11 % change on previous year | -1081.1% |
| 2017 | 18.86 % change on previous year | -1.3% |
| 2018 | 6.45 % change on previous year | -65.8% |
| 2019 | -6.34 % change on previous year | -198.3% |
| 2020 | -11.81 % change on previous year | +86.2% |
| 2021 | 19.06 % change on previous year | -261.4% |
| 2022 | 11.21 % change on previous year | -41.2% |
| 2023 | 8.66 % change on previous year | -22.8% |
| 2024 | 4.68 % change on previous year | -45.9% |
| 2025 | 16.26 % change on previous year | +247.2% |
Iceland compared with similar countries
- Iceland's 16.26 % change on previous year is above the median for high income countries, which is 7.45 % change on previous year, 2.2× the median. (82 countries reporting)
- Iceland's 16.26 % change on previous year is above the median for Europe & Central Asia, which is 10.61 % change on previous year, 1.5× the median. (56 countries reporting)
Biggest year-on-year movements
Years where GDP (current US$), annual growth rate (Country official) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1998 | +2936.6% | 0.393 % change on previous year | 11.93 % change on previous year |
| 2001 | -2601.9% | 0.3572 % change on previous year | -8.94 % change on previous year |
| 1968 | -1838.5% | -1.22 % change on previous year | -23.64 % change on previous year |
| 2016 | +1081.1% | -1.95 % change on previous year | 19.11 % change on previous year |
| 1986 | +707.0% | 4.18 % change on previous year | 33.7 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 7.19 % change on previous year | -23.64 % change on previous year | 27.7 % change on previous year | 9 |
| 1970s | 21.75 % change on previous year | -7.15 % change on previous year | 37.49 % change on previous year | 10 |
| 1980s | 8.32 % change on previous year | -13.74 % change on previous year | 38.37 % change on previous year | 10 |
| 1990s | 4.74 % change on previous year | -12.18 % change on previous year | 14.04 % change on previous year | 10 |
| 2000s | 5.37 % change on previous year | -27.59 % change on previous year | 24.27 % change on previous year | 10 |
| 2010s | 6.9 % change on previous year | -6.34 % change on previous year | 19.11 % change on previous year | 10 |
| 2020s | 8.01 % change on previous year | -11.81 % change on previous year | 19.06 % change on previous year | 6 |
Countries ranked near Iceland
- 19 Bolivia 18.02 % change on previous year compare
- 20 Turkey 17.52 % change on previous year compare
- 21 Russia 17.14 % change on previous year compare
- 23 American Samoa 16.13 % change on previous year compare
- 24 Bulgaria 15.38 % change on previous year compare
- 25 Nigeria 15.27 % 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)
- 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 (current us$), annual growth rate in Iceland?
- Gdp (current us$), annual growth rate in Iceland was 16.26 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp (current us$), annual growth rate recorded in Iceland?
- The highest recorded value was 38.37 % change on previous year in 1987.
- What is the lowest gdp (current us$), annual growth rate recorded in Iceland?
- The lowest recorded value was -27.59 % change on previous year in 2009.
- How does Iceland rank for gdp (current us$), annual growth rate?
- Iceland ranks 22nd out of 212 countries with data for 2025.
- Is gdp (current us$), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 934.6%. 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 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in GDP (current US$). 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 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.