GDP deflator (base year varies by country), annual growth rate in Iceland
Iceland: GDP deflator (base year varies by country), annual growth rate was 6.87 % change on previous year in 2025. ◆ Volatile
Latest (2025)
6.87 % change on previous year
Change on year
up 13.5%
World rank
43rd
of 212 countries
All-time high
77.3 % change on previous year
in 1983
All-time low
0.4893 % change on previous year
in 2003
Years of data
65
1961–2025
GDP deflator (base year varies by country), annual growth rate in Iceland, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gdp deflator (base year varies by country), annual growth rate in Iceland is 6.87 % change on previous year, measured in 2025.
The figure is up 13.5% on the previous year and up 1.8% over ten years.
Over the whole period, gdp deflator (base year varies by country), annual growth rate in Iceland peaked at 77.3 % change on previous year in 1983 and was at its lowest, 0.4893 % change on previous year, in 2003.
That places Iceland 43rd out of 212 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GDP deflator (base year varies by country), annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | 13.27 % change on previous year | — |
| 1962 | 11.15 % change on previous year | -16.0% |
| 1963 | 8.23 % change on previous year | -26.2% |
| 1964 | 16.22 % change on previous year | +97.1% |
| 1965 | 12.39 % change on previous year | -23.6% |
| 1966 | 10.42 % change on previous year | -15.9% |
| 1967 | 2.76 % change on previous year | -73.6% |
| 1968 | 13.74 % change on previous year | +398.6% |
| 1969 | 20.86 % change on previous year | +51.8% |
| 1970 | 16.44 % change on previous year | -21.2% |
| 1971 | 12.55 % change on previous year | -23.6% |
| 1972 | 18.33 % change on previous year | +46.1% |
| 1973 | 31.46 % change on previous year | +71.6% |
| 1974 | 37.69 % change on previous year | +19.8% |
| 1975 | 41.87 % change on previous year | +11.1% |
| 1976 | 32.74 % change on previous year | -21.8% |
| 1977 | 32.71 % change on previous year | -0.1% |
| 1978 | 46.25 % change on previous year | +41.4% |
| 1979 | 40.9 % change on previous year | -11.6% |
| 1980 | 52.48 % change on previous year | +28.3% |
| 1981 | 49.19 % change on previous year | -6.3% |
| 1982 | 53.65 % change on previous year | +9.1% |
| 1983 | 77.3 % change on previous year | +44.1% |
| 1984 | 26.88 % change on previous year | -65.2% |
| 1985 | 32.08 % change on previous year | +19.4% |
| 1986 | 24.59 % change on previous year | -23.4% |
| 1987 | 19.95 % change on previous year | -18.9% |
| 1988 | 23.14 % change on previous year | +16.0% |
| 1989 | 22.87 % change on previous year | -1.2% |
| 1990 | 15.17 % change on previous year | -33.7% |
| 1991 | 8.37 % change on previous year | -44.9% |
| 1992 | 3.45 % change on previous year | -58.8% |
| 1993 | 1.83 % change on previous year | -46.9% |
| 1994 | 2.6 % change on previous year | +42.1% |
| 1995 | 3 % change on previous year | +15.1% |
| 1996 | 2.56 % change on previous year | -14.6% |
| 1997 | 2.79 % change on previous year | +8.8% |
| 1998 | 4.68 % change on previous year | +68.0% |
| 1999 | 3.45 % change on previous year | -26.2% |
| 2000 | 3.97 % change on previous year | +15.0% |
| 2001 | 8.68 % change on previous year | +118.5% |
| 2002 | 5.86 % change on previous year | -32.4% |
| 2003 | 0.4893 % change on previous year | -91.7% |
| 2004 | 2.66 % change on previous year | +444.1% |
| 2005 | 2.94 % change on previous year | +10.5% |
| 2006 | 8.68 % change on previous year | +195.0% |
| 2007 | 4.3 % change on previous year | -50.4% |
| 2008 | 12.18 % change on previous year | +183.1% |
| 2009 | 11.03 % change on previous year | -9.5% |
| 2010 | 6.55 % change on previous year | -40.6% |
| 2011 | 3.45 % change on previous year | -47.3% |
| 2012 | 3.51 % change on previous year | +1.6% |
| 2013 | 2.49 % change on previous year | -28.9% |
| 2014 | 4.21 % change on previous year | +69.0% |
| 2015 | 6.75 % change on previous year | +60.3% |
| 2016 | 2.7 % change on previous year | -60.0% |
| 2017 | 1.57 % change on previous year | -41.7% |
| 2018 | 3.1 % change on previous year | +97.3% |
| 2019 | 4.84 % change on previous year | +55.8% |
| 2020 | 4.34 % change on previous year | -10.2% |
| 2021 | 6.15 % change on previous year | +41.6% |
| 2022 | 8.83 % change on previous year | +43.6% |
| 2023 | 5.49 % change on previous year | -37.9% |
| 2024 | 6.06 % change on previous year | +10.4% |
| 2025 | 6.87 % change on previous year | +13.5% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 12.11 % change on previous year | 2.76 % change on previous year | 20.86 % change on previous year | 9 |
| 1970s | 31.09 % change on previous year | 12.55 % change on previous year | 46.25 % change on previous year | 10 |
| 1980s | 38.21 % change on previous year | 19.95 % change on previous year | 77.3 % change on previous year | 10 |
| 1990s | 4.79 % change on previous year | 1.83 % change on previous year | 15.17 % change on previous year | 10 |
| 2000s | 6.08 % change on previous year | 0.4893 % change on previous year | 12.18 % change on previous year | 10 |
| 2010s | 3.92 % change on previous year | 1.57 % change on previous year | 6.75 % change on previous year | 10 |
| 2020s | 6.29 % change on previous year | 4.34 % change on previous year | 8.83 % change on previous year | 6 |
Countries ranked near Iceland
- 40 Bulgaria 7.41 % change on previous year compare
- 41 San Marino 7.36 % change on previous year compare
- 42 Rwanda 7.35 % change on previous year compare
- 44 Papua New Guinea 6.87 % change on previous year compare
- 45 Chile 6.8 % change on previous year compare
- 46 Republic of Moldova 6.56 % 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)
- Gross capital formation (current US$), annual growth rate 17.72 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2657 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 26,128 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.6 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 34.13 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3.36 million current LCU per person (2025)
- Gross capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp deflator (base year varies by country), annual growth rate in Iceland?
- Gdp deflator (base year varies by country), annual growth rate in Iceland was 6.87 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp deflator (base year varies by country), annual growth rate recorded in Iceland?
- The highest recorded value was 77.3 % change on previous year in 1983.
- What is the lowest gdp deflator (base year varies by country), annual growth rate recorded in Iceland?
- The lowest recorded value was 0.4893 % change on previous year in 2003.
- How does Iceland rank for gdp deflator (base year varies by country), annual growth rate?
- Iceland ranks 43rd out of 212 countries with data for 2025.
- Is gdp deflator (base year varies by country), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 1.8%. 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 deflator (base year varies by country), 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 deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP deflator 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 deflator (base year varies by country). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.