GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Iceland
Iceland: GDP Deflator — Value Standard Local Currency, 2015 prices, annual was 5.86 % change on previous year in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Iceland, 1971–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 5.86 % change on previous year for gdp deflator — value standard local currency, 2015 prices, annual in 2024.
The figure is up 2.8% on the previous year and up 41.4% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices, annual in Iceland peaked at 77.31 % change on previous year in 1983 and was at its lowest, 0.492 % change on previous year, in 2003.
That places Iceland 55th out of 209 countries with data for 2024, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP Deflator — Value Standard Local Currency, 2015 prices, annual in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 12.55 % change on previous year | — |
| 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 | 77.31 % 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 | 23.13 % 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 | 2.48 % change on previous year | -17.3% |
| 1997 | 2.75 % change on previous year | +11.1% |
| 1998 | 4.71 % change on previous year | +71.2% |
| 1999 | 3.5 % change on previous year | -25.8% |
| 2000 | 4.02 % change on previous year | +15.0% |
| 2001 | 8.7 % change on previous year | +116.2% |
| 2002 | 5.87 % change on previous year | -32.5% |
| 2003 | 0.492 % change on previous year | -91.6% |
| 2004 | 2.67 % change on previous year | +443.7% |
| 2005 | 3.07 % change on previous year | +14.6% |
| 2006 | 8.62 % change on previous year | +181.1% |
| 2007 | 4.33 % change on previous year | -49.7% |
| 2008 | 12.14 % change on previous year | +180.1% |
| 2009 | 10.8 % change on previous year | -11.0% |
| 2010 | 6.37 % change on previous year | -41.1% |
| 2011 | 3.1 % change on previous year | -51.4% |
| 2012 | 3.44 % change on previous year | +11.1% |
| 2013 | 2.12 % change on previous year | -38.3% |
| 2014 | 4.14 % change on previous year | +95.0% |
| 2015 | 6.05 % change on previous year | +46.2% |
| 2016 | 2.26 % change on previous year | -62.7% |
| 2017 | 0.9368 % change on previous year | -58.6% |
| 2018 | 2.63 % change on previous year | +180.9% |
| 2019 | 4.46 % change on previous year | +69.4% |
| 2020 | 4.02 % change on previous year | -9.9% |
| 2021 | 6.37 % change on previous year | +58.7% |
| 2022 | 8.88 % change on previous year | +39.4% |
| 2023 | 5.7 % change on previous year | -35.9% |
| 2024 | 5.86 % change on previous year | +2.8% |
Iceland compared with similar countries
- Iceland's 5.86 % change on previous year is above the median for high income countries, which is 2.83 % change on previous year, 2.1× the median. (68 countries reporting)
- Iceland's 5.86 % change on previous year is above the median for Europe & Central Asia, which is 3.37 % change on previous year, 1.7× the median. (48 countries reporting)
Biggest year-on-year movements
Years where GDP Deflator — Value Standard Local Currency, 2015 prices, annual 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 |
|---|---|---|---|
| 2004 | +443.7% | 0.492 % change on previous year | 2.67 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 32.72 % change on previous year | 12.55 % change on previous year | 46.25 % change on previous year | 9 |
| 1980s | 38.21 % change on previous year | 19.95 % change on previous year | 77.31 % 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 | 6.07 % change on previous year | 0.492 % change on previous year | 12.14 % change on previous year | 10 |
| 2010s | 3.55 % change on previous year | 0.9368 % change on previous year | 6.37 % change on previous year | 10 |
| 2020s | 6.17 % change on previous year | 4.02 % change on previous year | 8.88 % change on previous year | 5 |
Countries ranked near Iceland
- 52 Kenya 6.32 % change on previous year compare
- 53 Central African Republic 6 % change on previous year compare
- 54 Belize 6 % change on previous year compare
- 56 Colombia 5.78 % change on previous year compare
- 57 Cuba 5.74 % change on previous year compare
- 58 Israel 5.52 % 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices, annual in Iceland?
- Gdp deflator — value standard local currency, 2015 prices, annual in Iceland was 5.86 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest gdp deflator — value standard local currency, 2015 prices, annual recorded in Iceland?
- The highest recorded value was 77.31 % change on previous year in 1983.
- What is the lowest gdp deflator — value standard local currency, 2015 prices, annual recorded in Iceland?
- The lowest recorded value was 0.492 % change on previous year in 2003.
- How does Iceland rank for gdp deflator — value standard local currency, 2015 prices, annual?
- Iceland ranks 55th out of 209 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices, annual rising or falling in Iceland?
- Over the last ten years it is up 41.4%. 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 — Value Standard Local Currency, 2015 prices, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- GDP Deflator — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
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 — Value Standard Local Currency, 2015 prices. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.