GERD by sector of performance and socioeconomic objectives in Iceland
Iceland: GERD by sector of performance and socioeconomic objectives was 757.42 Million euro in 2024. ▲ Rising
Latest (2024)
757.42 Million euro
Change on year
down 1.4%
World rank
45th
of 52 countries
All-time high
768.07 Million euro
in 2023
All-time low
205.34 Million euro
in 2013
Years of data
19
2003–2024
GERD by sector of performance and socioeconomic objectives in Iceland, 2003–2024
Source: Eurostat. Measured in Million euro.
Analysis
Iceland recorded 757.42 Million euro for gerd by sector of performance and socioeconomic objectives in 2024.
The figure is down 1.4% on the previous year and up 190.4% over ten years.
Over the whole period, gerd by sector of performance and socioeconomic objectives in Iceland peaked at 768.07 Million euro in 2023 and was at its lowest, 205.34 Million euro, in 2013.
Iceland ranks 45th of 52 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 19 years of available data.
GERD by sector of performance and socioeconomic objectives in Iceland, year by year
| Year | Million euro | Change |
|---|---|---|
| 2003 | 273.75 Million euro | — |
| 2005 | 363.58 Million euro | +32.8% |
| 2006 | 398.42 Million euro | +9.6% |
| 2007 | 400.9 Million euro | +0.6% |
| 2008 | 272.34 Million euro | -32.1% |
| 2009 | 244.63 Million euro | -10.2% |
| 2011 | 262.82 Million euro | +7.4% |
| 2013 | 205.34 Million euro | -21.9% |
| 2014 | 260.85 Million euro | +27.0% |
| 2015 | 344.55 Million euro | +32.1% |
| 2016 | 396.79 Million euro | +15.2% |
| 2017 | 456.69 Million euro | +15.1% |
| 2018 | 444.94 Million euro | -2.6% |
| 2019 | 515.85 Million euro | +15.9% |
| 2020 | 471.12 Million euro | -8.7% |
| 2021 | 606.28 Million euro | +28.7% |
| 2022 | 709.84 Million euro | +17.1% |
| 2023 | 768.07 Million euro | +8.2% |
| 2024 | 757.42 Million euro | -1.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 325.6 Million euro | 244.63 Million euro | 400.9 Million euro | 6 |
| 2010s | 360.98 Million euro | 205.34 Million euro | 515.85 Million euro | 8 |
| 2020s | 662.55 Million euro | 471.12 Million euro | 768.07 Million euro | 5 |
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)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.15 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3036 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 29,848 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -107.38 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -93.07 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.69 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 461,476 current LCU per person (2025)
Frequently asked questions
- What is gerd by sector of performance and socioeconomic objectives in Iceland?
- Gerd by sector of performance and socioeconomic objectives in Iceland was 757.42 Million euro in 2024, according to Eurostat.
- What is the highest gerd by sector of performance and socioeconomic objectives recorded in Iceland?
- The highest recorded value was 768.07 Million euro in 2023.
- What is the lowest gerd by sector of performance and socioeconomic objectives recorded in Iceland?
- The lowest recorded value was 205.34 Million euro in 2013.
- How does Iceland rank for gerd by sector of performance and socioeconomic objectives?
- Iceland ranks 45th out of 52 countries with data for 2024.
- Is gerd by sector of performance and socioeconomic objectives rising or falling in Iceland?
- Over the last ten years it is up 190.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of GERD by sector of performance and socioeconomic objectives (NABS 2007). Statizoid updates them automatically from the source API.
Download this data
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