GDP Deflator — Value Standard Local Currency, 2015 prices in Iceland
Iceland: GDP Deflator — Value Standard Local Currency, 2015 prices was 149.16 SLC in 2024. ◆ Volatile
GDP Deflator — Value Standard Local Currency, 2015 prices in Iceland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in SLC.
Analysis
In 2024, gdp deflator — value standard local currency, 2015 prices in Iceland stood at 149.16 SLC. That is the highest value across all 55 years on record.
The figure is up 5.9% on the previous year and up 58.2% over ten years.
Over the whole period, gdp deflator — value standard local currency, 2015 prices in Iceland peaked at 149.16 SLC in 2024 and was at its lowest, 0.0943 SLC, in 1970.
Iceland ranks 69th of 194 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 Deflator — Value Standard Local Currency, 2015 prices in Iceland, year by year
| Year | SLC | Change |
|---|---|---|
| 1970 | 0.0943 SLC | — |
| 1971 | 0.1062 SLC | +12.6% |
| 1972 | 0.1256 SLC | +18.3% |
| 1973 | 0.1652 SLC | +31.5% |
| 1974 | 0.2274 SLC | +37.7% |
| 1975 | 0.3226 SLC | +41.9% |
| 1976 | 0.4282 SLC | +32.7% |
| 1977 | 0.5683 SLC | +32.7% |
| 1978 | 0.8311 SLC | +46.2% |
| 1979 | 1.17 SLC | +40.9% |
| 1980 | 1.79 SLC | +52.5% |
| 1981 | 2.66 SLC | +49.2% |
| 1982 | 4.09 SLC | +53.6% |
| 1983 | 7.26 SLC | +77.3% |
| 1984 | 9.21 SLC | +26.9% |
| 1985 | 12.16 SLC | +32.1% |
| 1986 | 15.15 SLC | +24.6% |
| 1987 | 18.17 SLC | +19.9% |
| 1988 | 22.38 SLC | +23.1% |
| 1989 | 27.5 SLC | +22.9% |
| 1990 | 31.67 SLC | +15.2% |
| 1991 | 34.32 SLC | +8.4% |
| 1992 | 35.5 SLC | +3.4% |
| 1993 | 36.15 SLC | +1.8% |
| 1994 | 37.09 SLC | +2.6% |
| 1995 | 38.2 SLC | +3.0% |
| 1996 | 39.15 SLC | +2.5% |
| 1997 | 40.23 SLC | +2.8% |
| 1998 | 42.12 SLC | +4.7% |
| 1999 | 43.6 SLC | +3.5% |
| 2000 | 45.35 SLC | +4.0% |
| 2001 | 49.3 SLC | +8.7% |
| 2002 | 52.2 SLC | +5.9% |
| 2003 | 52.45 SLC | +0.5% |
| 2004 | 53.86 SLC | +2.7% |
| 2005 | 55.51 SLC | +3.1% |
| 2006 | 60.29 SLC | +8.6% |
| 2007 | 62.9 SLC | +4.3% |
| 2008 | 70.54 SLC | +12.1% |
| 2009 | 78.16 SLC | +10.8% |
| 2010 | 83.13 SLC | +6.4% |
| 2011 | 85.71 SLC | +3.1% |
| 2012 | 88.66 SLC | +3.4% |
| 2013 | 90.54 SLC | +2.1% |
| 2014 | 94.29 SLC | +4.1% |
| 2015 | 100 SLC | +6.1% |
| 2016 | 102.26 SLC | +2.3% |
| 2017 | 103.22 SLC | +0.9% |
| 2018 | 105.94 SLC | +2.6% |
| 2019 | 110.66 SLC | +4.5% |
| 2020 | 115.1 SLC | +4.0% |
| 2021 | 122.44 SLC | +6.4% |
| 2022 | 133.31 SLC | +8.9% |
| 2023 | 140.91 SLC | +5.7% |
| 2024 | 149.16 SLC | +5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.404 SLC | 0.0943 SLC | 1.17 SLC | 10 |
| 1980s | 12.04 SLC | 1.79 SLC | 27.5 SLC | 10 |
| 1990s | 37.8 SLC | 31.67 SLC | 43.6 SLC | 10 |
| 2000s | 58.05 SLC | 45.35 SLC | 78.16 SLC | 10 |
| 2010s | 96.44 SLC | 83.13 SLC | 110.66 SLC | 10 |
| 2020s | 132.19 SLC | 115.1 SLC | 149.16 SLC | 5 |
Countries ranked near Iceland
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)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 12.60 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 7.14 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 7.13 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
Frequently asked questions
- What is gdp deflator — value standard local currency, 2015 prices in Iceland?
- Gdp deflator — value standard local currency, 2015 prices in Iceland was 149.16 SLC in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value standard local currency, 2015 prices recorded in Iceland?
- The highest recorded value was 149.16 SLC in 2024.
- What is the lowest gdp deflator — value standard local currency, 2015 prices recorded in Iceland?
- The lowest recorded value was 0.0943 SLC in 1970.
- How does Iceland rank for gdp deflator — value standard local currency, 2015 prices?
- Iceland ranks 69th out of 194 countries with data for 2024.
- Is gdp deflator — value standard local currency, 2015 prices rising or falling in Iceland?
- Over the last ten years it is up 58.2%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value Standard Local Currency, 2015 prices. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Deflators database provides the following selection of price deflator series by country and at regional level: Gross Domestic Product deflator, Gross Fixed Capital Formation deflator, Manufacturing Value-Added deflator, and Agriculture, Forestry, Fishery Valued-Added deflator. In the FAOSTAT Deflators database, all series are derived from the United Nations Statistics Division (UNSD) National Accounts Analysis of Main Aggregates database (UNSD AMA). In particular, the implicit Gross Domestic Product deflator, the implicit Gross Fixed Capital Formation deflator, the implicit value added deflator of Agriculture, Forestry, Fishery and the implicit value added deflator of Manufacturing are obtained by dividing the series in current prices by those in constant 2015 prices (base year).