GNI growth in Iceland
Iceland: GNI growth was -0.5% in 2024. ◆ Volatile
GNI growth in Iceland, 2001–2024
Source: Country official statistics, National Statistical Organizations and/or Central Banks. Measured in annual %.
Analysis
The most recent figure for gni growth in Iceland is -0.5%, measured in 2024.
The figure is down 116.7% on the previous year and down 124.1% over ten years.
Over the whole period, gni growth in Iceland peaked at 12.0% in 2013 and was at its lowest, -15.7%, in 2008.
Iceland ranks 144th of 163 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
GNI growth in Iceland, year by year
| Year | annual % | Change |
|---|---|---|
| 2001 | 3.6% | — |
| 2002 | 3.8% | +5.4% |
| 2003 | -0.4% | -111.8% |
| 2004 | 4.3% | -1059.2% |
| 2005 | 8.6% | +99.8% |
| 2006 | 3.0% | -64.9% |
| 2007 | 8.8% | +190.8% |
| 2008 | -15.7% | -279.6% |
| 2009 | -5.9% | -62.7% |
| 2010 | 1.5% | -125.4% |
| 2011 | 4.4% | +196.7% |
| 2012 | 3.2% | -27.8% |
| 2013 | 12.0% | +277.4% |
| 2014 | 2.0% | -83.0% |
| 2015 | 7.6% | +272.4% |
| 2016 | 8.3% | +9.5% |
| 2017 | 2.7% | -68.2% |
| 2018 | 3.6% | +36.2% |
| 2019 | 2.4% | -33.5% |
| 2020 | -6.4% | -366.6% |
| 2021 | 3.5% | -153.9% |
| 2022 | 9.0% | +159.2% |
| 2023 | 2.9% | -67.1% |
| 2024 | -0.5% | -116.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.1% | -15.7% | 8.8% | 9 |
| 2010s | 4.8% | 1.5% | 12.0% | 10 |
| 2020s | 1.7% | -6.4% | 9.0% | 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)
- GNI, Atlas method (current US$), annual growth rate 11.95 % change on previous year (2025)
- GNI, Atlas method (current US$), per unit of GDP 0.9074 current US$ per US$ of GDP (2025)
- GNI, Atlas method (current US$), per capita 89,219 current US$ per person (2025)
- GNI (current US$), annual growth rate 17.05 % change on previous year (2025)
- GNI (current US$), per unit of GDP 0.9978 current US$ per US$ of GDP (2025)
- GNI (current US$), per capita 98,107 current US$ per person (2025)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gni growth in Iceland?
- Gni growth in Iceland was -0.5% in 2024, according to Country official statistics, National Statistical Organizations and/or Central Banks.
- What is the highest gni growth recorded in Iceland?
- The highest recorded value was 12.0% in 2013.
- What is the lowest gni growth recorded in Iceland?
- The lowest recorded value was -15.7% in 2008.
- How does Iceland rank for gni growth?
- Iceland ranks 144th out of 163 countries with data for 2024.
- Is gni growth rising or falling in Iceland?
- Over the last ten years it is down 124.1%. The long-run trend across the full record is volatile.
- 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 growth (annual %). Statizoid updates them automatically from the source API.
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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 denotes the percentage change over each previous year of the constant price (base year 2015) series in United States dollars.