GDP per capita growth in Iceland
Iceland: GDP per capita growth 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 182nd of 213 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 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% |
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)
- Services, value added (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (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 182nd out of 213 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.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.