GNI in Iceland
Iceland: GNI was 3.55 trillion constant LCU in 2024. ▲ Rising
GNI in Iceland, 2000–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in constant LCU.
Analysis
Iceland recorded 3.55 trillion constant LCU for gni in 2024.
The figure is down 0.5% on the previous year and up 37.2% over ten years.
Over the whole period, gni in Iceland peaked at 3.57 trillion constant LCU in 2023 and was at its lowest, 1.92 trillion constant LCU, in 2000.
That places Iceland 58th out of 170 countries with data for 2024, putting it in the middle of the range.
The long-run direction has been consistently rising across the 25 years of available data.
GNI in Iceland, year by year
| Year | constant LCU | Change |
|---|---|---|
| 2000 | 1.92 trillion constant LCU | — |
| 2001 | 1.99 trillion constant LCU | +3.6% |
| 2002 | 2.07 trillion constant LCU | +3.8% |
| 2003 | 2.06 trillion constant LCU | -0.4% |
| 2004 | 2.14 trillion constant LCU | +4.3% |
| 2005 | 2.33 trillion constant LCU | +8.6% |
| 2006 | 2.40 trillion constant LCU | +3.0% |
| 2007 | 2.61 trillion constant LCU | +8.8% |
| 2008 | 2.20 trillion constant LCU | -15.7% |
| 2009 | 2.07 trillion constant LCU | -5.9% |
| 2010 | 2.10 trillion constant LCU | +1.5% |
| 2011 | 2.19 trillion constant LCU | +4.4% |
| 2012 | 2.26 trillion constant LCU | +3.2% |
| 2013 | 2.54 trillion constant LCU | +12.0% |
| 2014 | 2.59 trillion constant LCU | +2.0% |
| 2015 | 2.78 trillion constant LCU | +7.6% |
| 2016 | 3.02 trillion constant LCU | +8.3% |
| 2017 | 3.10 trillion constant LCU | +2.7% |
| 2018 | 3.21 trillion constant LCU | +3.6% |
| 2019 | 3.29 trillion constant LCU | +2.4% |
| 2020 | 3.07 trillion constant LCU | -6.4% |
| 2021 | 3.18 trillion constant LCU | +3.5% |
| 2022 | 3.47 trillion constant LCU | +9.0% |
| 2023 | 3.57 trillion constant LCU | +2.9% |
| 2024 | 3.55 trillion constant LCU | -0.5% |
Iceland compared with similar countries
- Iceland's 3.55 trillion constant LCU is above the median for high income countries, which is 531.50 billion constant LCU, 6.7× the median. (60 countries reporting)
- Iceland's 3.55 trillion constant LCU is above the median for Europe & Central Asia, which is 403.02 billion constant LCU, 8.8× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.18 trillion constant LCU | 1.92 trillion constant LCU | 2.61 trillion constant LCU | 10 |
| 2010s | 2.71 trillion constant LCU | 2.10 trillion constant LCU | 3.29 trillion constant LCU | 10 |
| 2020s | 3.37 trillion constant LCU | 3.07 trillion constant LCU | 3.57 trillion constant LCU | 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)
- 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 gni in Iceland?
- Gni in Iceland was 3.55 trillion constant LCU in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gni recorded in Iceland?
- The highest recorded value was 3.57 trillion constant LCU in 2023.
- What is the lowest gni recorded in Iceland?
- The lowest recorded value was 1.92 trillion constant LCU in 2000.
- How does Iceland rank for gni?
- Iceland ranks 58th out of 170 countries with data for 2024.
- Is gni rising or falling in Iceland?
- Over the last ten years it is up 37.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Country official statistics, National Statistical Organizations and/or Central Banks, published as part of GNI (constant LCU). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 25 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
Gross national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.