GDP per capita (constant 2015 US$) in Iceland
Iceland: GDP per capita (constant 2015 US$) was 58,910 constant 2015 US$ in 2025. ▲ Rising
Latest (2025)
58,910 constant 2015 US$
Change on year
down 0.2%
World rank
17th
of 212 countries
All-time high
59,952 constant 2015 US$
in 2023
All-time low
13,936 constant 2015 US$
in 1961
Years of data
66
1960–2025
GDP per capita in Iceland, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant 2015 US$.
Analysis
Iceland recorded 58,910 constant 2015 US$ for gdp per capita in 2025.
That represents a change of down 0.2% on the previous year and up 10.1% over ten years.
Over the whole period, gdp per capita in Iceland peaked at 59,952 constant 2015 US$ in 2023 and was at its lowest, 13,936 constant 2015 US$, in 1961.
That places Iceland 17th out of 212 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 66 years of available data.
GDP per capita (constant 2015 US$) in Iceland, year by year
| Year | constant 2015 US$ | Change |
|---|---|---|
| 1960 | 14,221 constant 2015 US$ | — |
| 1961 | 13,936 constant 2015 US$ | -2.0% |
| 1962 | 14,818 constant 2015 US$ | +6.3% |
| 1963 | 16,053 constant 2015 US$ | +8.3% |
| 1964 | 17,329 constant 2015 US$ | +7.9% |
| 1965 | 18,274 constant 2015 US$ | +5.5% |
| 1966 | 19,539 constant 2015 US$ | +6.9% |
| 1967 | 18,984 constant 2015 US$ | -2.8% |
| 1968 | 17,696 constant 2015 US$ | -6.8% |
| 1969 | 17,952 constant 2015 US$ | +1.4% |
| 1970 | 19,190 constant 2015 US$ | +6.9% |
| 1971 | 21,521 constant 2015 US$ | +12.2% |
| 1972 | 22,519 constant 2015 US$ | +4.6% |
| 1973 | 23,691 constant 2015 US$ | +5.2% |
| 1974 | 24,706 constant 2015 US$ | +4.3% |
| 1975 | 24,550 constant 2015 US$ | -0.6% |
| 1976 | 25,756 constant 2015 US$ | +4.9% |
| 1977 | 27,821 constant 2015 US$ | +8.0% |
| 1978 | 29,265 constant 2015 US$ | +5.2% |
| 1979 | 30,389 constant 2015 US$ | +3.8% |
| 1980 | 31,797 constant 2015 US$ | +4.6% |
| 1981 | 32,777 constant 2015 US$ | +3.1% |
| 1982 | 33,039 constant 2015 US$ | +0.8% |
| 1983 | 31,903 constant 2015 US$ | -3.4% |
| 1984 | 32,869 constant 2015 US$ | +3.0% |
| 1985 | 33,685 constant 2015 US$ | +2.5% |
| 1986 | 35,536 constant 2015 US$ | +5.5% |
| 1987 | 38,152 constant 2015 US$ | +7.4% |
| 1988 | 37,526 constant 2015 US$ | -1.6% |
| 1989 | 37,160 constant 2015 US$ | -1.0% |
| 1990 | 37,303 constant 2015 US$ | +0.4% |
| 1991 | 36,790 constant 2015 US$ | -1.4% |
| 1992 | 35,105 constant 2015 US$ | -4.6% |
| 1993 | 35,207 constant 2015 US$ | +0.3% |
| 1994 | 36,162 constant 2015 US$ | +2.7% |
| 1995 | 36,009 constant 2015 US$ | -0.4% |
| 1996 | 37,426 constant 2015 US$ | +3.9% |
| 1997 | 38,657 constant 2015 US$ | +3.3% |
| 1998 | 40,927 constant 2015 US$ | +5.9% |
| 1999 | 42,011 constant 2015 US$ | +2.6% |
| 2000 | 43,472 constant 2015 US$ | +3.5% |
| 2001 | 44,546 constant 2015 US$ | +2.5% |
| 2002 | 44,390 constant 2015 US$ | -0.4% |
| 2003 | 45,089 constant 2015 US$ | +1.6% |
| 2004 | 48,102 constant 2015 US$ | +6.7% |
| 2005 | 50,674 constant 2015 US$ | +5.3% |
| 2006 | 52,306 constant 2015 US$ | +3.2% |
| 2007 | 55,457 constant 2015 US$ | +6.0% |
| 2008 | 55,361 constant 2015 US$ | -0.2% |
| 2009 | 50,581 constant 2015 US$ | -8.6% |
| 2010 | 49,528 constant 2015 US$ | -2.1% |
| 2011 | 50,059 constant 2015 US$ | +1.1% |
| 2012 | 50,375 constant 2015 US$ | +0.6% |
| 2013 | 51,696 constant 2015 US$ | +2.6% |
| 2014 | 52,103 constant 2015 US$ | +0.8% |
| 2015 | 53,506 constant 2015 US$ | +2.7% |
| 2016 | 56,049 constant 2015 US$ | +4.8% |
| 2017 | 56,658 constant 2015 US$ | +1.1% |
| 2018 | 57,732 constant 2015 US$ | +1.9% |
| 2019 | 57,119 constant 2015 US$ | -1.1% |
| 2020 | 52,464 constant 2015 US$ | -8.1% |
| 2021 | 54,285 constant 2015 US$ | +3.5% |
| 2022 | 57,626 constant 2015 US$ | +6.2% |
| 2023 | 59,952 constant 2015 US$ | +4.0% |
| 2024 | 59,054 constant 2015 US$ | -1.5% |
| 2025 | 58,910 constant 2015 US$ | -0.2% |
Iceland compared with similar countries
- Iceland's 58,910 constant 2015 US$ is above the median for high income countries, which is 34,672 constant 2015 US$, 1.7× the median. (80 countries reporting)
- Iceland's 58,910 constant 2015 US$ is above the median for Europe & Central Asia, which is 20,282 constant 2015 US$, 2.9× the median. (55 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 16,880 constant 2015 US$ | 13,936 constant 2015 US$ | 19,539 constant 2015 US$ | 10 |
| 1970s | 24,941 constant 2015 US$ | 19,190 constant 2015 US$ | 30,389 constant 2015 US$ | 10 |
| 1980s | 34,444 constant 2015 US$ | 31,797 constant 2015 US$ | 38,152 constant 2015 US$ | 10 |
| 1990s | 37,560 constant 2015 US$ | 35,105 constant 2015 US$ | 42,011 constant 2015 US$ | 10 |
| 2000s | 48,998 constant 2015 US$ | 43,472 constant 2015 US$ | 55,457 constant 2015 US$ | 10 |
| 2010s | 53,482 constant 2015 US$ | 49,528 constant 2015 US$ | 57,732 constant 2015 US$ | 10 |
| 2020s | 57,049 constant 2015 US$ | 52,464 constant 2015 US$ | 59,952 constant 2015 US$ | 6 |
Countries ranked near Iceland
- 14 Qatar 61,735 constant 2015 US$ compare
- 15 Australia 61,369 constant 2015 US$ compare
- 16 Faroe Islands 59,302 constant 2015 US$ compare
- 18 Turks and Caicos Islands 57,179 constant 2015 US$ compare
- 19 Sweden 55,014 constant 2015 US$ compare
- 20 Netherlands 51,817 constant 2015 US$ 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)
- 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)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is gdp per capita in Iceland?
- Gdp per capita in Iceland was 58,910 constant 2015 US$ in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita recorded in Iceland?
- The highest recorded value was 59,952 constant 2015 US$ in 2023.
- What is the lowest gdp per capita recorded in Iceland?
- The lowest recorded value was 13,936 constant 2015 US$ in 1961.
- How does Iceland rank for gdp per capita?
- Iceland ranks 17th out of 212 countries with data for 2025.
- Is gdp per capita rising or falling in Iceland?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GDP per capita (constant 2015 US$). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 66 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2015. This indicator is expressed in United States dollars.