GDP, PPP in Iceland
Iceland: GDP, PPP was 32.74 billion current international $ in 2025. ◆ Volatile
GDP, PPP in Iceland, 1990–2025
Source: International Comparison Program (ICP), World Bank (WB). Measured in current international $.
Analysis
In 2025, gdp, ppp in Iceland stood at 32.74 billion current international $. That is the highest value across all 36 years on record.
That represents a change of up 1.4% on the previous year and up 99.1% over ten years.
Over the whole period, gdp, ppp in Iceland peaked at 32.74 billion current international $ in 2025 and was at its lowest, 5.80 billion current international $, in 1990.
Iceland ranks 149th of 204 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
GDP, PPP in Iceland, year by year
| Year | current international $ | Change |
|---|---|---|
| 1990 | 5.80 billion current international $ | — |
| 1991 | 5.98 billion current international $ | +3.2% |
| 1992 | 5.91 billion current international $ | -1.2% |
| 1993 | 6.13 billion current international $ | +3.7% |
| 1994 | 6.49 billion current international $ | +5.8% |
| 1995 | 6.63 billion current international $ | +2.2% |
| 1996 | 6.90 billion current international $ | +4.0% |
| 1997 | 7.43 billion current international $ | +7.7% |
| 1998 | 8.00 billion current international $ | +7.6% |
| 1999 | 8.31 billion current international $ | +4.0% |
| 2000 | 8.48 billion current international $ | +2.0% |
| 2001 | 9.18 billion current international $ | +8.3% |
| 2002 | 9.47 billion current international $ | +3.2% |
| 2003 | 9.58 billion current international $ | +1.1% |
| 2004 | 10.51 billion current international $ | +9.7% |
| 2005 | 11.27 billion current international $ | +7.3% |
| 2006 | 12.20 billion current international $ | +8.3% |
| 2007 | 13.10 billion current international $ | +7.4% |
| 2008 | 14.01 billion current international $ | +6.9% |
| 2009 | 13.40 billion current international $ | -4.4% |
| 2010 | 12.80 billion current international $ | -4.4% |
| 2011 | 13.21 billion current international $ | +3.1% |
| 2012 | 13.65 billion current international $ | +3.3% |
| 2013 | 14.48 billion current international $ | +6.1% |
| 2014 | 15.21 billion current international $ | +5.0% |
| 2015 | 16.45 billion current international $ | +8.1% |
| 2016 | 18.19 billion current international $ | +10.6% |
| 2017 | 19.36 billion current international $ | +6.4% |
| 2018 | 20.50 billion current international $ | +5.8% |
| 2019 | 22.09 billion current international $ | +7.8% |
| 2020 | 20.83 billion current international $ | -5.7% |
| 2021 | 23.36 billion current international $ | +12.2% |
| 2022 | 29.26 billion current international $ | +25.2% |
| 2023 | 31.72 billion current international $ | +8.4% |
| 2024 | 32.30 billion current international $ | +1.8% |
| 2025 | 32.74 billion current international $ | +1.4% |
Iceland compared with similar countries
- Iceland's 32.74 billion current international $ is below the median for high income countries, which is 249.67 billion current international $, 13% of the median. (74 countries reporting)
- Iceland's 32.74 billion current international $ is below the median for Europe & Central Asia, which is 285.97 billion current international $, 11% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.76 billion current international $ | 5.80 billion current international $ | 8.31 billion current international $ | 10 |
| 2000s | 11.12 billion current international $ | 8.48 billion current international $ | 14.01 billion current international $ | 10 |
| 2010s | 16.59 billion current international $ | 12.80 billion current international $ | 22.09 billion current international $ | 10 |
| 2020s | 28.37 billion current international $ | 20.83 billion current international $ | 32.74 billion current international $ | 6 |
Countries ranked near Iceland
- 146 Namibia 37.07 billion current international $ compare
- 147 Togo 35.05 billion current international $ compare
- 148 Sierra Leone 32.78 billion current international $ compare
- 150 Somalia 32.29 billion current international $ compare
- 151 Equatorial Guinea 31.27 billion current international $ compare
- 152 Kosovo 30.38 billion current international $ compare
- 152 Kosovo (UNSCR 1244) 30.38 billion current international $ 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 in Iceland?
- Gdp, ppp in Iceland was 32.74 billion current international $ in 2025, according to International Comparison Program (ICP), World Bank (WB).
- What is the highest gdp, ppp recorded in Iceland?
- The highest recorded value was 32.74 billion current international $ in 2025.
- What is the lowest gdp, ppp recorded in Iceland?
- The lowest recorded value was 5.80 billion current international $ in 1990.
- How does Iceland rank for gdp, ppp?
- Iceland ranks 149th out of 204 countries with data for 2025.
- Is gdp, ppp rising or falling in Iceland?
- Over the last ten years it is up 99.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Comparison Program (ICP), World Bank (WB), published as part of GDP, PPP (current international $). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 36 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
This indicator provides values for gross domestic product (GDP) expressed in current international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. 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. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.