GDP per capita in Iceland
Iceland: GDP per capita was 63,196 international-$ in 2021 prices in 2023. ▲ Rising
Latest (2023)
63,196 international-$ in 2021 prices
Change on year
up 4.0%
World rank
15th
of 184 countries
All-time high
63,196 international-$ in 2021 prices
in 2023
All-time low
10,113 international-$ in 2021 prices
in 1952
Years of data
74
1950–2023
GDP per capita in Iceland, 1950–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices.
Analysis
The most recent figure for gdp per capita in Iceland is 63,196 international-$ in 2021 prices, measured in 2023. That is the highest value across all 74 years on record.
Compared with earlier readings it is up 4.0% on the previous year and up 24.9% over ten years.
Over the whole period, gdp per capita in Iceland peaked at 63,196 international-$ in 2021 prices in 2023 and was at its lowest, 10,113 international-$ in 2021 prices, in 1952.
That places Iceland 15th out of 184 countries with data for 2023, putting it in the top 10%.
The long-run direction has been consistently rising across the 74 years of available data.
GDP per capita in Iceland, year by year
| Year | international-$ in 2021 prices | Change |
|---|---|---|
| 1950 | 10,710 international-$ in 2021 prices | — |
| 1951 | 10,371 international-$ in 2021 prices | -3.2% |
| 1952 | 10,113 international-$ in 2021 prices | -2.5% |
| 1953 | 11,417 international-$ in 2021 prices | +12.9% |
| 1954 | 12,330 international-$ in 2021 prices | +8.0% |
| 1955 | 13,646 international-$ in 2021 prices | +10.7% |
| 1956 | 13,376 international-$ in 2021 prices | -2.0% |
| 1957 | 13,140 international-$ in 2021 prices | -1.8% |
| 1958 | 14,188 international-$ in 2021 prices | +8.0% |
| 1959 | 14,254 international-$ in 2021 prices | +0.5% |
| 1960 | 14,392 international-$ in 2021 prices | +1.0% |
| 1961 | 14,807 international-$ in 2021 prices | +2.9% |
| 1962 | 15,109 international-$ in 2021 prices | +2.0% |
| 1963 | 16,608 international-$ in 2021 prices | +9.9% |
| 1964 | 18,363 international-$ in 2021 prices | +10.6% |
| 1965 | 19,723 international-$ in 2021 prices | +7.4% |
| 1966 | 20,739 international-$ in 2021 prices | +5.2% |
| 1967 | 19,762 international-$ in 2021 prices | -4.7% |
| 1968 | 18,009 international-$ in 2021 prices | -8.9% |
| 1969 | 18,766 international-$ in 2021 prices | +4.2% |
| 1970 | 19,973 international-$ in 2021 prices | +6.4% |
| 1971 | 23,698 international-$ in 2021 prices | +18.7% |
| 1972 | 23,091 international-$ in 2021 prices | -2.6% |
| 1973 | 25,385 international-$ in 2021 prices | +9.9% |
| 1974 | 26,907 international-$ in 2021 prices | +6.0% |
| 1975 | 26,719 international-$ in 2021 prices | -0.7% |
| 1976 | 26,578 international-$ in 2021 prices | -0.5% |
| 1977 | 29,662 international-$ in 2021 prices | +11.6% |
| 1978 | 30,870 international-$ in 2021 prices | +4.1% |
| 1979 | 32,059 international-$ in 2021 prices | +3.9% |
| 1980 | 33,680 international-$ in 2021 prices | +5.1% |
| 1981 | 34,888 international-$ in 2021 prices | +3.6% |
| 1982 | 35,768 international-$ in 2021 prices | +2.5% |
| 1983 | 31,986 international-$ in 2021 prices | -10.6% |
| 1984 | 34,709 international-$ in 2021 prices | +8.5% |
| 1985 | 34,166 international-$ in 2021 prices | -1.6% |
| 1986 | 37,000 international-$ in 2021 prices | +8.3% |
| 1987 | 41,018 international-$ in 2021 prices | +10.9% |
| 1988 | 41,557 international-$ in 2021 prices | +1.3% |
| 1989 | 39,277 international-$ in 2021 prices | -5.5% |
| 1990 | 38,946 international-$ in 2021 prices | -0.8% |
| 1991 | 39,217 international-$ in 2021 prices | +0.7% |
| 1992 | 37,156 international-$ in 2021 prices | -5.3% |
| 1993 | 37,343 international-$ in 2021 prices | +0.5% |
| 1994 | 38,225 international-$ in 2021 prices | +2.4% |
| 1995 | 38,035 international-$ in 2021 prices | -0.5% |
| 1996 | 38,778 international-$ in 2021 prices | +2.0% |
| 1997 | 42,051 international-$ in 2021 prices | +8.4% |
| 1998 | 43,723 international-$ in 2021 prices | +4.0% |
| 1999 | 46,176 international-$ in 2021 prices | +5.6% |
| 2000 | 45,884 international-$ in 2021 prices | -0.6% |
| 2001 | 47,482 international-$ in 2021 prices | +3.5% |
| 2002 | 47,451 international-$ in 2021 prices | -0.1% |
| 2003 | 45,928 international-$ in 2021 prices | -3.2% |
| 2004 | 48,208 international-$ in 2021 prices | +5.0% |
| 2005 | 49,150 international-$ in 2021 prices | +2.0% |
| 2006 | 45,775 international-$ in 2021 prices | -6.9% |
| 2007 | 47,178 international-$ in 2021 prices | +3.1% |
| 2008 | 53,262 international-$ in 2021 prices | +12.9% |
| 2009 | 51,719 international-$ in 2021 prices | -2.9% |
| 2010 | 49,179 international-$ in 2021 prices | -4.9% |
| 2011 | 50,415 international-$ in 2021 prices | +2.5% |
| 2012 | 52,017 international-$ in 2021 prices | +3.2% |
| 2013 | 50,588 international-$ in 2021 prices | -2.7% |
| 2014 | 50,647 international-$ in 2021 prices | +0.1% |
| 2015 | 52,020 international-$ in 2021 prices | +2.7% |
| 2016 | 52,033 international-$ in 2021 prices | +0.0% |
| 2017 | 52,412 international-$ in 2021 prices | +0.7% |
| 2018 | 53,438 international-$ in 2021 prices | +2.0% |
| 2019 | 59,111 international-$ in 2021 prices | +10.6% |
| 2020 | 54,499 international-$ in 2021 prices | -7.8% |
| 2021 | 56,395 international-$ in 2021 prices | +3.5% |
| 2022 | 60,784 international-$ in 2021 prices | +7.8% |
| 2023 | 63,196 international-$ in 2021 prices | +4.0% |
Iceland compared with similar countries
- Iceland's 63,196 international-$ in 2021 prices is above the median for high income countries, which is 45,556 international-$ in 2021 prices, 1.4× the median. (66 countries reporting)
- Iceland's 63,196 international-$ in 2021 prices is above the median for Europe & Central Asia, which is 36,158 international-$ in 2021 prices, 1.7× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 12,355 international-$ in 2021 prices | 10,113 international-$ in 2021 prices | 14,254 international-$ in 2021 prices | 10 |
| 1960s | 17,628 international-$ in 2021 prices | 14,392 international-$ in 2021 prices | 20,739 international-$ in 2021 prices | 10 |
| 1970s | 26,494 international-$ in 2021 prices | 19,973 international-$ in 2021 prices | 32,059 international-$ in 2021 prices | 10 |
| 1980s | 36,405 international-$ in 2021 prices | 31,986 international-$ in 2021 prices | 41,557 international-$ in 2021 prices | 10 |
| 1990s | 39,965 international-$ in 2021 prices | 37,156 international-$ in 2021 prices | 46,176 international-$ in 2021 prices | 10 |
| 2000s | 48,204 international-$ in 2021 prices | 45,775 international-$ in 2021 prices | 53,262 international-$ in 2021 prices | 10 |
| 2010s | 52,186 international-$ in 2021 prices | 49,179 international-$ in 2021 prices | 59,111 international-$ in 2021 prices | 10 |
| 2020s | 58,718 international-$ in 2021 prices | 54,499 international-$ in 2021 prices | 63,196 international-$ in 2021 prices | 4 |
Countries ranked near Iceland
- 12 Denmark 65,903 international-$ in 2021 prices compare
- 13 Macao 64,662 international-$ in 2021 prices compare
- 14 Australia 64,333 international-$ in 2021 prices compare
- 16 Austria 62,853 international-$ in 2021 prices compare
- 17 Bermuda 62,179 international-$ in 2021 prices compare
- 18 Taiwan 61,942 international-$ in 2021 prices 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 63,196 international-$ in 2021 prices in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest gdp per capita recorded in Iceland?
- The highest recorded value was 63,196 international-$ in 2021 prices in 2023.
- What is the lowest gdp per capita recorded in Iceland?
- The lowest recorded value was 10,113 international-$ in 2021 prices in 1952.
- How does Iceland rank for gdp per capita?
- Iceland ranks 15th out of 184 countries with data for 2023.
- Is gdp per capita rising or falling in Iceland?
- Over the last ten years it is up 24.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 74 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Average economic output per person in a country or region per year. This data is adjusted for inflation and differences in living costs between countries.