GDP per capita in Iceland
Iceland: GDP per capita was 98,324 current US$ in 2025. ◆ Volatile
GDP per capita in Iceland, 1960–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in current US$.
Analysis
Iceland recorded 98,324 current US$ for gdp per capita in 2025. That is the highest value across all 66 years on record.
Compared with earlier readings it is up 14.5% on the previous year and up 83.8% over ten years.
Over the whole period, gdp per capita in Iceland peaked at 98,324 current US$ in 2025 and was at its lowest, 1,486 current US$, in 1960.
Iceland ranks 9th of 214 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
GDP per capita in Iceland, year by year
| Year | current US$ | Change |
|---|---|---|
| 1960 | 1,486 current US$ | — |
| 1961 | 1,490 current US$ | +0.2% |
| 1962 | 1,641 current US$ | +10.2% |
| 1963 | 1,924 current US$ | +17.2% |
| 1964 | 2,414 current US$ | +25.5% |
| 1965 | 2,861 current US$ | +18.5% |
| 1966 | 3,378 current US$ | +18.1% |
| 1967 | 3,284 current US$ | -2.8% |
| 1968 | 2,473 current US$ | -24.7% |
| 1969 | 2,142 current US$ | -13.4% |
| 1970 | 2,666 current US$ | +24.5% |
| 1971 | 3,366 current US$ | +26.2% |
| 1972 | 4,155 current US$ | +23.5% |
| 1973 | 5,627 current US$ | +35.4% |
| 1974 | 7,287 current US$ | +29.5% |
| 1975 | 6,680 current US$ | -8.3% |
| 1976 | 7,848 current US$ | +17.5% |
| 1977 | 10,305 current US$ | +31.3% |
| 1978 | 11,630 current US$ | +12.8% |
| 1979 | 13,082 current US$ | +12.5% |
| 1980 | 15,340 current US$ | +17.3% |
| 1981 | 15,666 current US$ | +2.1% |
| 1982 | 14,191 current US$ | -9.4% |
| 1983 | 12,080 current US$ | -14.9% |
| 1984 | 12,378 current US$ | +2.5% |
| 1985 | 12,793 current US$ | +3.4% |
| 1986 | 16,980 current US$ | +32.7% |
| 1987 | 23,238 current US$ | +36.9% |
| 1988 | 25,307 current US$ | +8.9% |
| 1989 | 23,218 current US$ | -8.3% |
| 1990 | 26,272 current US$ | +13.2% |
| 1991 | 27,740 current US$ | +5.6% |
| 1992 | 28,072 current US$ | +1.2% |
| 1993 | 24,404 current US$ | -13.1% |
| 1994 | 24,858 current US$ | +1.9% |
| 1995 | 27,565 current US$ | +10.9% |
| 1996 | 28,584 current US$ | +3.7% |
| 1997 | 28,462 current US$ | -0.4% |
| 1998 | 31,519 current US$ | +10.7% |
| 1999 | 32,834 current US$ | +4.2% |
| 2000 | 32,504 current US$ | -1.0% |
| 2001 | 29,208 current US$ | -10.1% |
| 2002 | 32,749 current US$ | +12.1% |
| 2003 | 39,944 current US$ | +22.0% |
| 2004 | 47,810 current US$ | +19.7% |
| 2005 | 57,784 current US$ | +20.9% |
| 2006 | 58,172 current US$ | +0.7% |
| 2007 | 70,483 current US$ | +21.2% |
| 2008 | 57,489 current US$ | -18.4% |
| 2009 | 41,484 current US$ | -27.8% |
| 2010 | 43,776 current US$ | +5.5% |
| 2011 | 48,255 current US$ | +10.2% |
| 2012 | 46,595 current US$ | -3.4% |
| 2013 | 50,173 current US$ | +7.7% |
| 2014 | 55,140 current US$ | +9.9% |
| 2015 | 53,506 current US$ | -3.0% |
| 2016 | 62,854 current US$ | +17.5% |
| 2017 | 72,976 current US$ | +16.1% |
| 2018 | 75,634 current US$ | +3.6% |
| 2019 | 69,296 current US$ | -8.4% |
| 2020 | 60,128 current US$ | -13.2% |
| 2021 | 70,425 current US$ | +17.1% |
| 2022 | 76,377 current US$ | +8.5% |
| 2023 | 82,201 current US$ | +7.6% |
| 2024 | 85,863 current US$ | +4.5% |
| 2025 | 98,324 current US$ | +14.5% |
Iceland compared with similar countries
- Iceland's 98,324 current US$ is above the median for high income countries, which is 39,041 current US$, 2.5× the median. (82 countries reporting)
- Iceland's 98,324 current US$ is above the median for Europe & Central Asia, which is 32,520 current US$, 3.0× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2,309 current US$ | 1,486 current US$ | 3,378 current US$ | 10 |
| 1970s | 7,265 current US$ | 2,666 current US$ | 13,082 current US$ | 10 |
| 1980s | 17,119 current US$ | 12,080 current US$ | 25,307 current US$ | 10 |
| 1990s | 28,031 current US$ | 24,404 current US$ | 32,834 current US$ | 10 |
| 2000s | 46,763 current US$ | 29,208 current US$ | 70,483 current US$ | 10 |
| 2010s | 57,821 current US$ | 43,776 current US$ | 75,634 current US$ | 10 |
| 2020s | 78,886 current US$ | 60,128 current US$ | 98,324 current US$ | 6 |
Countries ranked near Iceland
- 6 Switzerland 114,769 current US$ compare
- 7 Cayman Islands 104,293 current US$ compare
- 8 Singapore 98,814 current US$ compare
- 10 Norway 94,594 current US$ compare
- 11 United States 90,026 current US$ compare
- 12 Isle of Man 90,015 current 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gdp per capita in Iceland?
- Gdp per capita in Iceland was 98,324 current US$ 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 98,324 current US$ in 2025.
- What is the lowest gdp per capita recorded in Iceland?
- The lowest recorded value was 1,486 current US$ in 1960.
- How does Iceland rank for gdp per capita?
- Iceland ranks 9th 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 83.8%. 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 US$). 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 indicator is expressed in United States dollars.