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$, 2015 prices in Iceland peaked at 142.63 USD in 2024 and was at its lowest, 14.14 USD, in 1970.
That places Iceland 26th out of 220 countries with data for 2024, putting it in the top quarter.
The long-run direction has been consistently rising across the 55 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 28.37 USD | 14.14 USD | 43.81 USD | 10 |
| 1980s | 49.98 USD | 38.32 USD | 68.63 USD | 10 |
| 1990s | 75.85 USD | 69.96 USD | 81.38 USD | 10 |
| 2000s | 95.77 USD | 66.76 USD | 129.54 USD | 10 |
| 2010s | 107.22 USD | 89.72 USD | 129.04 USD | 10 |
| 2020s | 129.34 USD | 112.12 USD | 142.63 USD | 5 |
Countries ranked near Iceland
More economy & growth data for Iceland
- External balance on goods and services as a percent of gdp -2.26 (2025)
- Inflation of consumer prices 4.09 (2025)
- Gdp per capita worldbank constant usd 58,910 (2025)
- Manufacturing value added to gdp 8.53 (2025)
- Gdp worldbank constant usd 23.12 billion (2025)
- Gdp per capita in international and market dollars 58,910 (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (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$, 2015 prices?
- Iceland ranks 26th out of 220 countries with data for 2024.
- Is gdp deflator — value us$, 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.
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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).