Gdp worldbank constant usd, annual growth rate in Iceland
Iceland: Gdp worldbank constant usd, annual growth rate was 1.28 % change on previous year in 2025. ◆ Volatile
Latest (2025)
1.28 % change on previous year
Change on year
up 199.7%
World rank
164th
of 209 countries
All-time high
13.06 % change on previous year
in 1971
All-time low
-8.32 % change on previous year
in 2009
Years of data
65
1961–2025
Gdp worldbank constant usd, annual growth rate in Iceland, 1961–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2025, gdp worldbank constant usd, annual growth rate in Iceland stood at 1.28 % change on previous year.
That represents a change of up 199.7% on the previous year and down 66.1% over ten years.
Over the whole period, gdp worldbank constant usd, annual growth rate in Iceland peaked at 13.06 % change on previous year in 1971 and was at its lowest, -8.32 % change on previous year, in 2009.
That places Iceland 164th out of 209 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gdp worldbank constant usd, annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1961 | -0.0741 % change on previous year | — |
| 1962 | 8.31 % change on previous year | -11322.4% |
| 1963 | 10.28 % change on previous year | +23.6% |
| 1964 | 9.88 % change on previous year | -3.9% |
| 1965 | 7.3 % change on previous year | -26.2% |
| 1966 | 8.75 % change on previous year | +19.9% |
| 1967 | -1.26 % change on previous year | -114.4% |
| 1968 | -5.5 % change on previous year | +336.3% |
| 1969 | 2.39 % change on previous year | -143.5% |
| 1970 | 7.46 % change on previous year | +212.1% |
| 1971 | 13.06 % change on previous year | +75.1% |
| 1972 | 6.18 % change on previous year | -52.7% |
| 1973 | 6.81 % change on previous year | +10.2% |
| 1974 | 5.71 % change on previous year | -16.2% |
| 1975 | 0.646 % change on previous year | -88.7% |
| 1976 | 5.96 % change on previous year | +822.5% |
| 1977 | 8.82 % change on previous year | +48.0% |
| 1978 | 6.02 % change on previous year | -31.8% |
| 1979 | 4.86 % change on previous year | -19.2% |
| 1980 | 5.75 % change on previous year | +18.3% |
| 1981 | 4.27 % change on previous year | -25.8% |
| 1982 | 2.15 % change on previous year | -49.5% |
| 1983 | -2.15 % change on previous year | -199.8% |
| 1984 | 4.13 % change on previous year | -291.9% |
| 1985 | 3.29 % change on previous year | -20.3% |
| 1986 | 6.27 % change on previous year | +90.4% |
| 1987 | 8.55 % change on previous year | +36.3% |
| 1988 | -0.0898 % change on previous year | -101.1% |
| 1989 | 0.2584 % change on previous year | -387.9% |
| 1990 | 1.17 % change on previous year | +352.5% |
| 1991 | -0.2234 % change on previous year | -119.1% |
| 1992 | -3.37 % change on previous year | +1410.0% |
| 1993 | 1.31 % change on previous year | -138.9% |
| 1994 | 3.61 % change on previous year | +174.8% |
| 1995 | 0.1165 % change on previous year | -96.8% |
| 1996 | 4.5 % change on previous year | +3759.5% |
| 1997 | 4.14 % change on previous year | -7.9% |
| 1998 | 7.01 % change on previous year | +69.3% |
| 1999 | 3.9 % change on previous year | -44.4% |
| 2000 | 4.91 % change on previous year | +25.8% |
| 2001 | 3.84 % change on previous year | -21.7% |
| 2002 | 0.542 % change on previous year | -85.9% |
| 2003 | 2.28 % change on previous year | +321.0% |
| 2004 | 7.62 % change on previous year | +234.1% |
| 2005 | 7.03 % change on previous year | -7.8% |
| 2006 | 5.67 % change on previous year | -19.3% |
| 2007 | 8.74 % change on previous year | +54.1% |
| 2008 | 1.7 % change on previous year | -80.6% |
| 2009 | -8.32 % change on previous year | -589.6% |
| 2010 | -2.22 % change on previous year | -73.3% |
| 2011 | 1.38 % change on previous year | -162.1% |
| 2012 | 1.17 % change on previous year | -15.3% |
| 2013 | 3.6 % change on previous year | +207.7% |
| 2014 | 1.91 % change on previous year | -46.8% |
| 2015 | 3.77 % change on previous year | +96.9% |
| 2016 | 6.22 % change on previous year | +65.0% |
| 2017 | 3.49 % change on previous year | -43.9% |
| 2018 | 4.66 % change on previous year | +33.7% |
| 2019 | 1.14 % change on previous year | -75.6% |
| 2020 | -6.65 % change on previous year | -684.1% |
| 2021 | 5.18 % change on previous year | -178.0% |
| 2022 | 8.86 % change on previous year | +71.0% |
| 2023 | 5.03 % change on previous year | -43.2% |
| 2024 | -1.28 % change on previous year | -125.5% |
| 2025 | 1.28 % change on previous year | -199.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.45 % change on previous year | -5.5 % change on previous year | 10.28 % change on previous year | 9 |
| 1970s | 6.55 % change on previous year | 0.646 % change on previous year | 13.06 % change on previous year | 10 |
| 1980s | 3.24 % change on previous year | -2.15 % change on previous year | 8.55 % change on previous year | 10 |
| 1990s | 2.22 % change on previous year | -3.37 % change on previous year | 7.01 % change on previous year | 10 |
| 2000s | 3.4 % change on previous year | -8.32 % change on previous year | 8.74 % change on previous year | 10 |
| 2010s | 2.51 % change on previous year | -2.22 % change on previous year | 6.22 % change on previous year | 10 |
| 2020s | 2.07 % change on previous year | -6.65 % change on previous year | 8.86 % change on previous year | 6 |
Countries ranked near Iceland
- 161 Australia 1.35 % change on previous year compare
- 162 Switzerland 1.3 % change on previous year compare
- 163 Belarus 1.3 % change on previous year compare
- 165 Japan 1.19 % change on previous year compare
- 166 French Polynesia 1.13 % change on previous year compare
- 167 South Africa 1.11 % change on previous year 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)
- 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 worldbank constant usd, annual growth rate in Iceland?
- Gdp worldbank constant usd, annual growth rate in Iceland was 1.28 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gdp worldbank constant usd, annual growth rate recorded in Iceland?
- The highest recorded value was 13.06 % change on previous year in 1971.
- What is the lowest gdp worldbank constant usd, annual growth rate recorded in Iceland?
- The lowest recorded value was -8.32 % change on previous year in 2009.
- How does Iceland rank for gdp worldbank constant usd, annual growth rate?
- Iceland ranks 164th out of 209 countries with data for 2025.
- Is gdp worldbank constant usd, annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 66.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gdp worldbank constant usd, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 65 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gdp worldbank constant usd. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross domestic product (GDP) National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – with minor processing by Our World in Data
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
The year-on-year percentage change in Gdp worldbank constant usd. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.