GDP per capita in Iceland
Iceland: GDP per capita was 12.63 million current LCU in 2025. ◆ Volatile
Latest (2025)
12.63 million current LCU
Change on year
up 6.6%
World rank
15th
of 214 countries
All-time high
12.63 million current LCU
in 2025
All-time low
537.96 current LCU
in 1960
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 current LCU.
Analysis
Iceland recorded 12.63 million current LCU for gdp per capita in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 6.6% on the previous year and up 78.9% over ten years.
Over the whole period, gdp per capita in Iceland peaked at 12.63 million current LCU in 2025 and was at its lowest, 537.96 current LCU, in 1960.
Iceland ranks 15th of 214 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita in Iceland, year by year
| Year | current LCU | Change |
|---|---|---|
| 1960 | 537.96 current LCU | — |
| 1961 | 597.15 current LCU | +11.0% |
| 1962 | 705.7 current LCU | +18.2% |
| 1963 | 827.42 current LCU | +17.2% |
| 1964 | 1,038 current LCU | +25.5% |
| 1965 | 1,230 current LCU | +18.5% |
| 1966 | 1,453 current LCU | +18.1% |
| 1967 | 1,450 current LCU | -0.2% |
| 1968 | 1,538 current LCU | +6.0% |
| 1969 | 1,885 current LCU | +22.6% |
| 1970 | 2,346 current LCU | +24.5% |
| 1971 | 2,962 current LCU | +26.2% |
| 1972 | 3,667 current LCU | +23.8% |
| 1973 | 5,072 current LCU | +38.3% |
| 1974 | 7,283 current LCU | +43.6% |
| 1975 | 10,267 current LCU | +41.0% |
| 1976 | 14,297 current LCU | +39.3% |
| 1977 | 20,494 current LCU | +43.3% |
| 1978 | 31,529 current LCU | +53.8% |
| 1979 | 46,129 current LCU | +46.3% |
| 1980 | 73,595 current LCU | +59.5% |
| 1981 | 113,177 current LCU | +53.8% |
| 1982 | 175,281 current LCU | +54.9% |
| 1983 | 300,096 current LCU | +71.2% |
| 1984 | 392,292 current LCU | +30.7% |
| 1985 | 531,019 current LCU | +35.4% |
| 1986 | 697,930 current LCU | +31.4% |
| 1987 | 898,782 current LCU | +28.8% |
| 1988 | 1.09 million current LCU | +21.1% |
| 1989 | 1.32 million current LCU | +21.7% |
| 1990 | 1.53 million current LCU | +15.6% |
| 1991 | 1.64 million current LCU | +6.9% |
| 1992 | 1.62 million current LCU | -1.3% |
| 1993 | 1.65 million current LCU | +2.1% |
| 1994 | 1.74 million current LCU | +5.4% |
| 1995 | 1.78 million current LCU | +2.6% |
| 1996 | 1.90 million current LCU | +6.6% |
| 1997 | 2.02 million current LCU | +6.2% |
| 1998 | 2.24 million current LCU | +10.8% |
| 1999 | 2.38 million current LCU | +6.2% |
| 2000 | 2.56 million current LCU | +7.6% |
| 2001 | 2.85 million current LCU | +11.4% |
| 2002 | 3.00 million current LCU | +5.5% |
| 2003 | 3.06 million current LCU | +2.1% |
| 2004 | 3.36 million current LCU | +9.5% |
| 2005 | 3.64 million current LCU | +8.4% |
| 2006 | 4.08 million current LCU | +12.2% |
| 2007 | 4.51 million current LCU | +10.6% |
| 2008 | 5.06 million current LCU | +12.0% |
| 2009 | 5.13 million current LCU | +1.4% |
| 2010 | 5.35 million current LCU | +4.3% |
| 2011 | 5.60 million current LCU | +4.6% |
| 2012 | 5.83 million current LCU | +4.2% |
| 2013 | 6.13 million current LCU | +5.2% |
| 2014 | 6.44 million current LCU | +5.0% |
| 2015 | 7.06 million current LCU | +9.6% |
| 2016 | 7.59 million current LCU | +7.6% |
| 2017 | 7.80 million current LCU | +2.7% |
| 2018 | 8.19 million current LCU | +5.1% |
| 2019 | 8.50 million current LCU | +3.7% |
| 2020 | 8.14 million current LCU | -4.2% |
| 2021 | 8.94 million current LCU | +9.8% |
| 2022 | 10.33 million current LCU | +15.5% |
| 2023 | 11.34 million current LCU | +9.7% |
| 2024 | 11.85 million current LCU | +4.5% |
| 2025 | 12.63 million current LCU | +6.6% |
Iceland compared with similar countries
- Iceland's 12.63 million current LCU is above the median for high income countries, which is 70,749 current LCU, 178.5× the median. (82 countries reporting)
- Iceland's 12.63 million current LCU is above the median for Europe & Central Asia, which is 60,450 current LCU, 208.9× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 1,126 current LCU | 537.96 current LCU | 1,885 current LCU | 10 |
| 1970s | 14,405 current LCU | 2,346 current LCU | 46,129 current LCU | 10 |
| 1980s | 559,514 current LCU | 73,595 current LCU | 1.32 million current LCU | 10 |
| 1990s | 1.85 million current LCU | 1.53 million current LCU | 2.38 million current LCU | 10 |
| 2000s | 3.72 million current LCU | 2.56 million current LCU | 5.13 million current LCU | 10 |
| 2010s | 6.85 million current LCU | 5.35 million current LCU | 8.50 million current LCU | 10 |
| 2020s | 10.54 million current LCU | 8.14 million current LCU | 12.63 million current LCU | 6 |
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 per capita in Iceland?
- Gdp per capita in Iceland was 12.63 million current LCU 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 12.63 million current LCU in 2025.
- What is the lowest gdp per capita recorded in Iceland?
- The lowest recorded value was 537.96 current LCU in 1960.
- How does Iceland rank for gdp per capita?
- Iceland ranks 15th out of 214 countries with data for 2025.
- Is gdp per capita rising or falling in Iceland?
- Over the last ten years it is up 78.9%. The long-run trend across the full record is volatile.
- 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 (current LCU). Statizoid updates them automatically from the source API.
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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 current prices, meaning no adjustment has been made to account for price changes over time. This series is expressed in local currency units.