Gdp penn world table in Iceland
Iceland: Gdp penn world table was 24.49 billion in 2023. ◆ Volatile
Latest (2023)
24.49 billion
Change on year
up 5.9%
World rank
148th
of 184 countries
All-time high
24.49 billion
in 2023
All-time low
1.50 billion
in 1952
Years of data
74
1950–2023
Gdp penn world table in Iceland, 1950–2023
Source: Our World in Data.
Analysis
Iceland recorded 24.49 billion for gdp penn world table in 2023. That is the highest value across all 74 years on record.
Compared with earlier readings it is up 5.9% on the previous year and up 49.5% over ten years.
Over the whole period, gdp penn world table in Iceland peaked at 24.49 billion in 2023 and was at its lowest, 1.50 billion, in 1952.
Iceland ranks 148th of 184 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gdp penn world table in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1950 | 1.53 billion | — |
| 1951 | 1.51 billion | -1.4% |
| 1952 | 1.50 billion | -0.9% |
| 1953 | 1.73 billion | +15.2% |
| 1954 | 1.91 billion | +10.5% |
| 1955 | 2.16 billion | +13.2% |
| 1956 | 2.16 billion | +0.1% |
| 1957 | 2.17 billion | +0.5% |
| 1958 | 2.40 billion | +10.4% |
| 1959 | 2.46 billion | +2.6% |
| 1960 | 2.54 billion | +3.0% |
| 1961 | 2.65 billion | +4.7% |
| 1962 | 2.76 billion | +3.8% |
| 1963 | 3.09 billion | +12.0% |
| 1964 | 3.47 billion | +12.6% |
| 1965 | 3.80 billion | +9.4% |
| 1966 | 4.06 billion | +7.0% |
| 1967 | 3.93 billion | -3.2% |
| 1968 | 3.63 billion | -7.7% |
| 1969 | 3.82 billion | +5.1% |
| 1970 | 4.08 billion | +7.1% |
| 1971 | 4.89 billion | +19.6% |
| 1972 | 4.83 billion | -1.1% |
| 1973 | 5.39 billion | +11.6% |
| 1974 | 5.79 billion | +7.4% |
| 1975 | 5.83 billion | +0.6% |
| 1976 | 5.85 billion | +0.5% |
| 1977 | 6.58 billion | +12.4% |
| 1978 | 6.90 billion | +4.9% |
| 1979 | 7.24 billion | +4.9% |
| 1980 | 7.68 billion | +6.2% |
| 1981 | 8.05 billion | +4.8% |
| 1982 | 8.36 billion | +3.9% |
| 1983 | 7.58 billion | -9.4% |
| 1984 | 8.31 billion | +9.7% |
| 1985 | 8.25 billion | -0.8% |
| 1986 | 9.00 billion | +9.1% |
| 1987 | 10.08 billion | +12.1% |
| 1988 | 10.38 billion | +2.9% |
| 1989 | 9.93 billion | -4.3% |
| 1990 | 9.92 billion | -0.1% |
| 1991 | 10.11 billion | +1.9% |
| 1992 | 9.70 billion | -4.1% |
| 1993 | 9.85 billion | +1.5% |
| 1994 | 10.17 billion | +3.3% |
| 1995 | 10.17 billion | +0.1% |
| 1996 | 10.43 billion | +2.5% |
| 1997 | 11.40 billion | +9.3% |
| 1998 | 11.98 billion | +5.1% |
| 1999 | 12.81 billion | +6.9% |
| 2000 | 12.91 billion | +0.7% |
| 2001 | 13.53 billion | +4.9% |
| 2002 | 13.65 billion | +0.8% |
| 2003 | 13.30 billion | -2.5% |
| 2004 | 14.08 billion | +5.9% |
| 2005 | 14.59 billion | +3.6% |
| 2006 | 13.91 billion | -4.7% |
| 2007 | 14.70 billion | +5.7% |
| 2008 | 16.91 billion | +15.0% |
| 2009 | 16.48 billion | -2.6% |
| 2010 | 15.65 billion | -5.0% |
| 2011 | 16.09 billion | +2.8% |
| 2012 | 16.69 billion | +3.7% |
| 2013 | 16.38 billion | -1.8% |
| 2014 | 16.59 billion | +1.2% |
| 2015 | 17.22 billion | +3.8% |
| 2016 | 17.46 billion | +1.4% |
| 2017 | 18.01 billion | +3.1% |
| 2018 | 18.86 billion | +4.7% |
| 2019 | 21.32 billion | +13.1% |
| 2020 | 19.98 billion | -6.3% |
| 2021 | 21.02 billion | +5.2% |
| 2022 | 23.12 billion | +10.0% |
| 2023 | 24.49 billion | +5.9% |
Iceland compared with similar countries
- Iceland's 24.49 billion is below the median for high income countries, which is 277.84 billion, 9% of the median. (66 countries reporting)
- Iceland's 24.49 billion is below the median for Europe & Central Asia, which is 314.74 billion, 8% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 1.95 billion | 1.50 billion | 2.46 billion | 10 |
| 1960s | 3.37 billion | 2.54 billion | 4.06 billion | 10 |
| 1970s | 5.74 billion | 4.08 billion | 7.24 billion | 10 |
| 1980s | 8.76 billion | 7.58 billion | 10.38 billion | 10 |
| 1990s | 10.66 billion | 9.70 billion | 12.81 billion | 10 |
| 2000s | 14.41 billion | 12.91 billion | 16.91 billion | 10 |
| 2010s | 17.43 billion | 15.65 billion | 21.32 billion | 10 |
| 2020s | 22.15 billion | 19.98 billion | 24.49 billion | 4 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is gdp penn world table in Iceland?
- Gdp penn world table in Iceland was 24.49 billion in 2023, according to Our World in Data.
- What is the highest gdp penn world table recorded in Iceland?
- The highest recorded value was 24.49 billion in 2023.
- What is the lowest gdp penn world table recorded in Iceland?
- The lowest recorded value was 1.50 billion in 1952.
- How does Iceland rank for gdp penn world table?
- Iceland ranks 148th out of 184 countries with data for 2023.
- Is gdp penn world table rising or falling in Iceland?
- Over the last ten years it is up 49.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Gdp penn world table. Statizoid updates them automatically from the source API.
Download this data
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