GNI, PPP (constant 2021 international $), per unit of GDP in Iceland
Iceland: GNI, PPP (constant 2021 international $), per unit of GDP was 0.785 constant 2021 international $ per US$ of GDP in 2024. ▼ Falling
GNI, PPP (constant 2021 international $), per unit of GDP in Iceland, 2000–2024
Source: Statizoid (derived). Measured in constant 2021 international $ per US$ of GDP.
Analysis
Iceland recorded 0.785 constant 2021 international $ per US$ of GDP for gni, ppp (constant 2021 international $), per unit of gdp in 2024. That is the lowest value across all 25 years on record.
That represents a change of down 4.9% on the previous year and down 25.4% over ten years.
Over the whole period, gni, ppp (constant 2021 international $), per unit of gdp in Iceland peaked at 1.75 constant 2021 international $ per US$ of GDP in 2001 and was at its lowest, 0.785 constant 2021 international $ per US$ of GDP, in 2024.
Iceland ranks 156th of 159 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 25 years of available data.
GNI, PPP (constant 2021 international $), per unit of GDP in Iceland, year by year
| Year | constant 2021 international $ per US$ of GDP | Change |
|---|---|---|
| 2000 | 1.54 constant 2021 international $ per US$ of GDP | — |
| 2001 | 1.75 constant 2021 international $ per US$ of GDP | +13.8% |
| 2002 | 1.61 constant 2021 international $ per US$ of GDP | -8.3% |
| 2003 | 1.3 constant 2021 international $ per US$ of GDP | -18.9% |
| 2004 | 1.13 constant 2021 international $ per US$ of GDP | -13.6% |
| 2005 | 0.9966 constant 2021 international $ per US$ of GDP | -11.6% |
| 2006 | 0.996 constant 2021 international $ per US$ of GDP | -0.1% |
| 2007 | 0.8717 constant 2021 international $ per US$ of GDP | -12.5% |
| 2008 | 0.8842 constant 2021 international $ per US$ of GDP | +1.4% |
| 2009 | 1.15 constant 2021 international $ per US$ of GDP | +30.0% |
| 2010 | 1.11 constant 2021 international $ per US$ of GDP | -3.7% |
| 2011 | 1.05 constant 2021 international $ per US$ of GDP | -5.6% |
| 2012 | 1.11 constant 2021 international $ per US$ of GDP | +6.3% |
| 2013 | 1.15 constant 2021 international $ per US$ of GDP | +3.0% |
| 2014 | 1.05 constant 2021 international $ per US$ of GDP | -8.2% |
| 2015 | 1.15 constant 2021 international $ per US$ of GDP | +9.8% |
| 2016 | 1.05 constant 2021 international $ per US$ of GDP | -9.0% |
| 2017 | 0.9066 constant 2021 international $ per US$ of GDP | -13.6% |
| 2018 | 0.8824 constant 2021 international $ per US$ of GDP | -2.7% |
| 2019 | 0.9648 constant 2021 international $ per US$ of GDP | +9.3% |
| 2020 | 1.02 constant 2021 international $ per US$ of GDP | +6.1% |
| 2021 | 0.8897 constant 2021 international $ per US$ of GDP | -13.1% |
| 2022 | 0.8716 constant 2021 international $ per US$ of GDP | -2.0% |
| 2023 | 0.8258 constant 2021 international $ per US$ of GDP | -5.3% |
| 2024 | 0.785 constant 2021 international $ per US$ of GDP | -4.9% |
Iceland compared with similar countries
- Iceland's 0.785 constant 2021 international $ per US$ of GDP is below the median for high income countries, which is 1.29 constant 2021 international $ per US$ of GDP, 61% of the median. (57 countries reporting)
- Iceland's 0.785 constant 2021 international $ per US$ of GDP is below the median for Europe & Central Asia, which is 1.5 constant 2021 international $ per US$ of GDP, 52% of the median. (46 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 1.22 constant 2021 international $ per US$ of GDP | 0.8717 constant 2021 international $ per US$ of GDP | 1.75 constant 2021 international $ per US$ of GDP | 10 |
| 2010s | 1.04 constant 2021 international $ per US$ of GDP | 0.8824 constant 2021 international $ per US$ of GDP | 1.15 constant 2021 international $ per US$ of GDP | 10 |
| 2020s | 0.8792 constant 2021 international $ per US$ of GDP | 0.785 constant 2021 international $ per US$ of GDP | 1.02 constant 2021 international $ per US$ of GDP | 5 |
Countries ranked near Iceland
- 153 United States 0.8742 constant 2021 international $ per US$ of GDP compare
- 154 Switzerland 0.7892 constant 2021 international $ per US$ of GDP compare
- 155 Israel 0.7867 constant 2021 international $ per US$ of GDP compare
- 157 Ireland 0.7826 constant 2021 international $ per US$ of GDP compare
- 158 Bermuda 0.7772 constant 2021 international $ per US$ of GDP compare
- 159 Luxembourg 0.6171 constant 2021 international $ per US$ of GDP 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is gni, ppp (constant 2021 international $), per unit of gdp in Iceland?
- Gni, ppp (constant 2021 international $), per unit of gdp in Iceland was 0.785 constant 2021 international $ per US$ of GDP in 2024, according to Statizoid (derived).
- What is the highest gni, ppp (constant 2021 international $), per unit of gdp recorded in Iceland?
- The highest recorded value was 1.75 constant 2021 international $ per US$ of GDP in 2001.
- What is the lowest gni, ppp (constant 2021 international $), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.785 constant 2021 international $ per US$ of GDP in 2024.
- How does Iceland rank for gni, ppp (constant 2021 international $), per unit of gdp?
- Iceland ranks 156th out of 159 countries with data for 2024.
- Is gni, ppp (constant 2021 international $), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 25.4%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of GNI, PPP (constant 2021 international $), per unit of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 25 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
GNI, PPP (constant 2021 international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
GNI, PPP (constant 2021 international $) ÷ GDP (current US$)
Computed from
- GNI, PPP International Comparison Program (ICP), World Bank (WB)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
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
GNI, PPP (constant 2021 international $) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.