GDP per capita growth (annual %) (Country official) in Iceland
Iceland: GDP per capita growth (annual %) (Country official) was -0.2% in 2025. ◆ Volatile
GDP per capita growth in Iceland, 1961–2025
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gdp per capita growth in Iceland is -0.2%, measured in 2025.
The figure is up 83.8% on the previous year and down 109.0% over ten years.
Over the whole period, gdp per capita growth in Iceland peaked at 12.2% in 1971 and was at its lowest, -8.6%, in 2009.
Iceland ranks 184th of 215 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 per capita growth (annual %) (Country official) in Iceland, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | -2.0% | — |
| 1962 | 6.3% | -415.9% |
| 1963 | 8.3% | +31.8% |
| 1964 | 7.9% | -4.7% |
| 1965 | 5.5% | -31.4% |
| 1966 | 6.9% | +27.0% |
| 1967 | -2.8% | -141.0% |
| 1968 | -6.8% | +138.8% |
| 1969 | 1.4% | -121.3% |
| 1970 | 6.9% | +378.0% |
| 1971 | 12.2% | +76.2% |
| 1972 | 4.6% | -61.9% |
| 1973 | 5.2% | +12.3% |
| 1974 | 4.3% | -17.7% |
| 1975 | -0.6% | -114.8% |
| 1976 | 4.9% | -876.3% |
| 1977 | 8.0% | +63.2% |
| 1978 | 5.2% | -35.2% |
| 1979 | 3.8% | -26.1% |
| 1980 | 4.6% | +20.7% |
| 1981 | 3.1% | -33.5% |
| 1982 | 0.8% | -74.1% |
| 1983 | -3.4% | -530.7% |
| 1984 | 3.0% | -188.1% |
| 1985 | 2.5% | -18.0% |
| 1986 | 5.5% | +121.4% |
| 1987 | 7.4% | +34.0% |
| 1988 | -1.6% | -122.3% |
| 1989 | -1.0% | -40.6% |
| 1990 | 0.4% | -139.5% |
| 1991 | -1.4% | -456.1% |
| 1992 | -4.6% | +233.5% |
| 1993 | 0.3% | -106.3% |
| 1994 | 2.7% | +840.9% |
| 1995 | -0.4% | -115.7% |
| 1996 | 3.9% | -1025.8% |
| 1997 | 3.3% | -16.4% |
| 1998 | 5.9% | +78.4% |
| 1999 | 2.6% | -54.9% |
| 2000 | 3.5% | +31.3% |
| 2001 | 2.5% | -29.0% |
| 2002 | -0.4% | -114.2% |
| 2003 | 1.6% | -548.7% |
| 2004 | 6.7% | +324.1% |
| 2005 | 5.3% | -20.0% |
| 2006 | 3.2% | -39.8% |
| 2007 | 6.0% | +87.1% |
| 2008 | -0.2% | -102.9% |
| 2009 | -8.6% | +4859.3% |
| 2010 | -2.1% | -75.9% |
| 2011 | 1.1% | -151.5% |
| 2012 | 0.6% | -40.9% |
| 2013 | 2.6% | +314.5% |
| 2014 | 0.8% | -70.0% |
| 2015 | 2.7% | +242.5% |
| 2016 | 4.8% | +76.5% |
| 2017 | 1.1% | -77.2% |
| 2018 | 1.9% | +74.5% |
| 2019 | -1.1% | -156.0% |
| 2020 | -8.1% | +667.7% |
| 2021 | 3.5% | -142.6% |
| 2022 | 6.2% | +77.4% |
| 2023 | 4.0% | -34.4% |
| 2024 | -1.5% | -137.1% |
| 2025 | -0.2% | -83.8% |
Iceland compared with similar countries
- Iceland's -0.2% is below the median for high income countries, which is 1.7%. (83 countries reporting)
- Iceland's -0.2% is below the median for Europe & Central Asia, which is 1.8%. (56 countries reporting)
Biggest year-on-year movements
Years where GDP per capita growth (annual %) (Country official) in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2009 | -4859.3% | -0.2% | -8.6% |
| 1996 | +1025.8% | -0.4% | 3.9% |
| 1976 | +876.3% | -0.6% | 4.9% |
| 1994 | +840.9% | 0.3% | 2.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.8% | -6.8% | 8.3% | 9 |
| 1970s | 5.4% | -0.6% | 12.2% | 10 |
| 1980s | 2.1% | -3.4% | 7.4% | 10 |
| 1990s | 1.3% | -4.6% | 5.9% | 10 |
| 2000s | 2.0% | -8.6% | 6.7% | 10 |
| 2010s | 1.2% | -2.1% | 4.8% | 10 |
| 2020s | 0.6% | -8.1% | 6.2% | 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)
- 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 growth in Iceland?
- Gdp per capita growth in Iceland was -0.2% in 2025, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gdp per capita growth recorded in Iceland?
- The highest recorded value was 12.2% in 1971.
- What is the lowest gdp per capita growth recorded in Iceland?
- The lowest recorded value was -8.6% in 2009.
- How does Iceland rank for gdp per capita growth?
- Iceland ranks 184th out of 215 countries with data for 2025.
- Is gdp per capita growth rising or falling in Iceland?
- Over the last ten years it is down 109.0%. 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 growth (annual %). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.