GDP Deflator — Value US$, 2015 prices in Iceland
Iceland: GDP Deflator — Value US$, 2015 prices was 142.63 USD in 2024. ▲ Rising
GDP Deflator — Value US$, 2015 prices in Iceland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
Iceland recorded 142.63 USD for gdp deflator — value us$, 2015 prices in 2024. That is the highest value across all 55 years on record.
That represents a change of up 5.8% on the previous year and up 33.9% over ten years.
Over the whole period, gdp deflator — value us$, 2015 prices in Iceland peaked at 142.63 USD in 2024 and was at its lowest, 14.14 USD, in 1970.
That places Iceland 22nd out of 203 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
GDP Deflator — Value US$, 2015 prices in Iceland, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 14.14 USD | — |
| 1971 | 15.92 USD | +12.6% |
| 1972 | 18.78 USD | +18.0% |
| 1973 | 24.17 USD | +28.7% |
| 1974 | 30.01 USD | +24.2% |
| 1975 | 27.69 USD | -7.7% |
| 1976 | 31.01 USD | +12.0% |
| 1977 | 37.7 USD | +21.6% |
| 1978 | 40.44 USD | +7.3% |
| 1979 | 43.81 USD | +8.3% |
| 1980 | 49.1 USD | +12.1% |
| 1981 | 48.64 USD | -0.9% |
| 1982 | 43.71 USD | -10.1% |
| 1983 | 38.53 USD | -11.8% |
| 1984 | 38.32 USD | -0.5% |
| 1985 | 38.65 USD | +0.9% |
| 1986 | 48.63 USD | +25.8% |
| 1987 | 61.99 USD | +27.5% |
| 1988 | 68.63 USD | +10.7% |
| 1989 | 63.59 USD | -7.3% |
| 1990 | 71.67 USD | +12.7% |
| 1991 | 76.73 USD | +7.1% |
| 1992 | 81.38 USD | +6.1% |
| 1993 | 70.54 USD | -13.3% |
| 1994 | 69.96 USD | -0.8% |
| 1995 | 77.9 USD | +11.4% |
| 1996 | 77.66 USD | -0.3% |
| 1997 | 74.84 USD | -3.6% |
| 1998 | 78.31 USD | +4.6% |
| 1999 | 79.51 USD | +1.5% |
| 2000 | 76.1 USD | -4.3% |
| 2001 | 66.76 USD | -12.3% |
| 2002 | 75.12 USD | +12.5% |
| 2003 | 90.2 USD | +20.1% |
| 2004 | 101.22 USD | +12.2% |
| 2005 | 116.26 USD | +14.9% |
| 2006 | 113.33 USD | -2.5% |
| 2007 | 129.54 USD | +14.3% |
| 2008 | 105.8 USD | -18.3% |
| 2009 | 83.39 USD | -21.2% |
| 2010 | 89.72 USD | +7.6% |
| 2011 | 97.51 USD | +8.7% |
| 2012 | 93.5 USD | -4.1% |
| 2013 | 97.76 USD | +4.6% |
| 2014 | 106.53 USD | +9.0% |
| 2015 | 100 USD | -6.1% |
| 2016 | 111.66 USD | +11.7% |
| 2017 | 127.45 USD | +14.1% |
| 2018 | 129.04 USD | +1.2% |
| 2019 | 119.06 USD | -7.7% |
| 2020 | 112.12 USD | -5.8% |
| 2021 | 127.19 USD | +13.4% |
| 2022 | 130 USD | +2.2% |
| 2023 | 134.76 USD | +3.7% |
| 2024 | 142.63 USD | +5.8% |
Iceland compared with similar countries
- Iceland's 142.63 USD is above the median for high income countries, which is 121.8 USD, 1.2× the median. (68 countries reporting)
- Iceland's 142.63 USD is above the median for Europe & Central Asia, which is 125.65 USD, 1.1× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.37 USD | 14.14 USD | 43.81 USD | 10 |
| 1980s | 49.98 USD | 38.32 USD | 68.63 USD | 10 |
| 1990s | 75.85 USD | 69.96 USD | 81.38 USD | 10 |
| 2000s | 95.77 USD | 66.76 USD | 129.54 USD | 10 |
| 2010s | 107.22 USD | 89.72 USD | 129.04 USD | 10 |
| 2020s | 129.34 USD | 112.12 USD | 142.63 USD | 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gdp deflator — value us$, 2015 prices in Iceland?
- Gdp deflator — value us$, 2015 prices in Iceland was 142.63 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gdp deflator — value us$, 2015 prices recorded in Iceland?
- The highest recorded value was 142.63 USD in 2024.
- What is the lowest gdp deflator — value us$, 2015 prices recorded in Iceland?
- The lowest recorded value was 14.14 USD in 1970.
- How does Iceland rank for gdp deflator — value us$, 2015 prices?
- Iceland ranks 22nd out of 203 countries with data for 2024.
- Is gdp deflator — value us$, 2015 prices rising or falling in Iceland?
- Over the last ten years it is up 33.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of GDP Deflator — Value US$, 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).