GDP, PPP (constant 2021 international $), per unit of GDP in Iceland
Iceland: GDP, PPP (constant 2021 international $), per unit of GDP was 0.6923 constant 2021 international $ per US$ of GDP in 2025. ▼ Falling
GDP, PPP (constant 2021 international $), per unit of GDP in Iceland, 1990–2025
Source: Statizoid (derived). Measured in constant 2021 international $ per US$ of GDP.
Analysis
In 2025, gdp, ppp (constant 2021 international $), per unit of gdp in Iceland stood at 0.6923 constant 2021 international $ per US$ of GDP. That is the lowest value across all 36 years on record.
The figure is down 12.9% on the previous year and down 40.1% over ten years.
Over the whole period, gdp, ppp (constant 2021 international $), per unit of gdp in Iceland peaked at 1.76 constant 2021 international $ per US$ of GDP in 2001 and was at its lowest, 0.6923 constant 2021 international $ per US$ of GDP, in 2025.
Iceland ranks 200th of 200 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
GDP, PPP (constant 2021 international $), per unit of GDP in Iceland, year by year
| Year | constant 2021 international $ per US$ of GDP | Change |
|---|---|---|
| 1990 | 1.64 constant 2021 international $ per US$ of GDP | — |
| 1991 | 1.53 constant 2021 international $ per US$ of GDP | -6.6% |
| 1992 | 1.44 constant 2021 international $ per US$ of GDP | -5.7% |
| 1993 | 1.67 constant 2021 international $ per US$ of GDP | +15.4% |
| 1994 | 1.68 constant 2021 international $ per US$ of GDP | +0.8% |
| 1995 | 1.51 constant 2021 international $ per US$ of GDP | -10.2% |
| 1996 | 1.51 constant 2021 international $ per US$ of GDP | +0.2% |
| 1997 | 1.57 constant 2021 international $ per US$ of GDP | +3.7% |
| 1998 | 1.5 constant 2021 international $ per US$ of GDP | -4.4% |
| 1999 | 1.48 constant 2021 international $ per US$ of GDP | -1.5% |
| 2000 | 1.55 constant 2021 international $ per US$ of GDP | +4.5% |
| 2001 | 1.76 constant 2021 international $ per US$ of GDP | +14.0% |
| 2002 | 1.57 constant 2021 international $ per US$ of GDP | -11.1% |
| 2003 | 1.3 constant 2021 international $ per US$ of GDP | -16.7% |
| 2004 | 1.16 constant 2021 international $ per US$ of GDP | -10.9% |
| 2005 | 1.01 constant 2021 international $ per US$ of GDP | -12.8% |
| 2006 | 1.04 constant 2021 international $ per US$ of GDP | +2.5% |
| 2007 | 0.9091 constant 2021 international $ per US$ of GDP | -12.5% |
| 2008 | 1.11 constant 2021 international $ per US$ of GDP | +22.4% |
| 2009 | 1.41 constant 2021 international $ per US$ of GDP | +26.6% |
| 2010 | 1.31 constant 2021 international $ per US$ of GDP | -7.2% |
| 2011 | 1.2 constant 2021 international $ per US$ of GDP | -8.3% |
| 2012 | 1.25 constant 2021 international $ per US$ of GDP | +4.2% |
| 2013 | 1.19 constant 2021 international $ per US$ of GDP | -4.7% |
| 2014 | 1.09 constant 2021 international $ per US$ of GDP | -8.3% |
| 2015 | 1.16 constant 2021 international $ per US$ of GDP | +5.8% |
| 2016 | 1.03 constant 2021 international $ per US$ of GDP | -10.8% |
| 2017 | 0.897 constant 2021 international $ per US$ of GDP | -12.9% |
| 2018 | 0.8819 constant 2021 international $ per US$ of GDP | -1.7% |
| 2019 | 0.9524 constant 2021 international $ per US$ of GDP | +8.0% |
| 2020 | 1.01 constant 2021 international $ per US$ of GDP | +5.9% |
| 2021 | 0.8906 constant 2021 international $ per US$ of GDP | -11.7% |
| 2022 | 0.8717 constant 2021 international $ per US$ of GDP | -2.1% |
| 2023 | 0.8427 constant 2021 international $ per US$ of GDP | -3.3% |
| 2024 | 0.7946 constant 2021 international $ per US$ of GDP | -5.7% |
| 2025 | 0.6923 constant 2021 international $ per US$ of GDP | -12.9% |
Iceland compared with similar countries
- Iceland's 0.6923 constant 2021 international $ per US$ of GDP is below the median for high income countries, which is 1.24 constant 2021 international $ per US$ of GDP, 56% of the median. (74 countries reporting)
- Iceland's 0.6923 constant 2021 international $ per US$ of GDP is below the median for Europe & Central Asia, which is 1.43 constant 2021 international $ per US$ of GDP, 49% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.55 constant 2021 international $ per US$ of GDP | 1.44 constant 2021 international $ per US$ of GDP | 1.68 constant 2021 international $ per US$ of GDP | 10 |
| 2000s | 1.28 constant 2021 international $ per US$ of GDP | 0.9091 constant 2021 international $ per US$ of GDP | 1.76 constant 2021 international $ per US$ of GDP | 10 |
| 2010s | 1.1 constant 2021 international $ per US$ of GDP | 0.8819 constant 2021 international $ per US$ of GDP | 1.31 constant 2021 international $ per US$ of GDP | 10 |
| 2020s | 0.85 constant 2021 international $ per US$ of GDP | 0.6923 constant 2021 international $ per US$ of GDP | 1.01 constant 2021 international $ per US$ of GDP | 6 |
Countries ranked near Iceland
- 197 Cayman Islands 0.7766 constant 2021 international $ per US$ of GDP compare
- 198 Switzerland 0.747 constant 2021 international $ per US$ of GDP compare
- 199 Bermuda 0.7332 constant 2021 international $ per US$ of GDP 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, ppp (constant 2021 international $), per unit of gdp in Iceland?
- Gdp, ppp (constant 2021 international $), per unit of gdp in Iceland was 0.6923 constant 2021 international $ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gdp, ppp (constant 2021 international $), per unit of gdp recorded in Iceland?
- The highest recorded value was 1.76 constant 2021 international $ per US$ of GDP in 2001.
- What is the lowest gdp, ppp (constant 2021 international $), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.6923 constant 2021 international $ per US$ of GDP in 2025.
- How does Iceland rank for gdp, ppp (constant 2021 international $), per unit of gdp?
- Iceland ranks 200th out of 200 countries with data for 2025.
- Is gdp, ppp (constant 2021 international $), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 40.1%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of GDP, PPP (constant 2021 international $), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
GDP, PPP (constant 2021 international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GDP, PPP (constant 2021 international $) ÷ GDP (current US$)
Computed from
- GDP, PPP International Comparison Program (ICP), World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
GDP, PPP (constant 2021 international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.