Gross domestic product (GDP) and main components (output, expenditure) in Iceland
Iceland: Gross domestic product (GDP) and main components (output, expenditure) was 120.21 Chain linked volumes, index 2020=100 in 2025. ▲ Rising
Latest (2025)
120.21 Chain linked volumes, index 2020=100
Change on year
up 1.3%
World rank
14th
of 49 countries
All-time high
120.24 Chain linked volumes, index 2020=100
in 2023
All-time low
50.09 Chain linked volumes, index 2020=100
in 1995
Years of data
31
1995–2025
Gross domestic product (GDP) and main components (output, expenditure) in Iceland, 1995–2025
Source: Eurostat. Measured in Chain linked volumes, index 2020=100.
Analysis
In 2025, gross domestic product (gdp) and main components (output, expenditure) in Iceland stood at 120.21 Chain linked volumes, index 2020=100.
The figure is up 1.3% on the previous year and up 30.6% over ten years.
Over the whole period, gross domestic product (gdp) and main components (output, expenditure) in Iceland peaked at 120.24 Chain linked volumes, index 2020=100 in 2023 and was at its lowest, 50.09 Chain linked volumes, index 2020=100, in 1995.
That places Iceland 14th out of 49 countries with data for 2025, putting it in the middle of the range.
The long-run direction has been consistently rising across the 31 years of available data.
Gross domestic product (GDP) and main components (output, expenditure) in Iceland, year by year
| Year | Chain linked volumes, index 2020=100 | Change |
|---|---|---|
| 1995 | 50.09 Chain linked volumes, index 2020=100 | — |
| 1996 | 52.34 Chain linked volumes, index 2020=100 | +4.5% |
| 1997 | 54.51 Chain linked volumes, index 2020=100 | +4.1% |
| 1998 | 58.33 Chain linked volumes, index 2020=100 | +7.0% |
| 1999 | 60.6 Chain linked volumes, index 2020=100 | +3.9% |
| 2000 | 63.58 Chain linked volumes, index 2020=100 | +4.9% |
| 2001 | 66.02 Chain linked volumes, index 2020=100 | +3.8% |
| 2002 | 66.38 Chain linked volumes, index 2020=100 | +0.5% |
| 2003 | 67.89 Chain linked volumes, index 2020=100 | +2.3% |
| 2004 | 73.07 Chain linked volumes, index 2020=100 | +7.6% |
| 2005 | 78.2 Chain linked volumes, index 2020=100 | +7.0% |
| 2006 | 82.64 Chain linked volumes, index 2020=100 | +5.7% |
| 2007 | 89.86 Chain linked volumes, index 2020=100 | +8.7% |
| 2008 | 91.39 Chain linked volumes, index 2020=100 | +1.7% |
| 2009 | 83.78 Chain linked volumes, index 2020=100 | -8.3% |
| 2010 | 81.92 Chain linked volumes, index 2020=100 | -2.2% |
| 2011 | 83.05 Chain linked volumes, index 2020=100 | +1.4% |
| 2012 | 84.03 Chain linked volumes, index 2020=100 | +1.2% |
| 2013 | 87.05 Chain linked volumes, index 2020=100 | +3.6% |
| 2014 | 88.71 Chain linked volumes, index 2020=100 | +1.9% |
| 2015 | 92.06 Chain linked volumes, index 2020=100 | +3.8% |
| 2016 | 97.78 Chain linked volumes, index 2020=100 | +6.2% |
| 2017 | 101.19 Chain linked volumes, index 2020=100 | +3.5% |
| 2018 | 105.9 Chain linked volumes, index 2020=100 | +4.7% |
| 2019 | 107.12 Chain linked volumes, index 2020=100 | +1.1% |
| 2020 | 100 Chain linked volumes, index 2020=100 | -6.6% |
| 2021 | 105.18 Chain linked volumes, index 2020=100 | +5.2% |
| 2022 | 114.5 Chain linked volumes, index 2020=100 | +8.9% |
| 2023 | 120.24 Chain linked volumes, index 2020=100 | +5.0% |
| 2024 | 118.69 Chain linked volumes, index 2020=100 | -1.3% |
| 2025 | 120.21 Chain linked volumes, index 2020=100 | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 55.18 Chain linked volumes, index 2020=100 | 50.09 Chain linked volumes, index 2020=100 | 60.6 Chain linked volumes, index 2020=100 | 5 |
| 2000s | 76.28 Chain linked volumes, index 2020=100 | 63.58 Chain linked volumes, index 2020=100 | 91.39 Chain linked volumes, index 2020=100 | 10 |
| 2010s | 92.88 Chain linked volumes, index 2020=100 | 81.92 Chain linked volumes, index 2020=100 | 107.12 Chain linked volumes, index 2020=100 | 10 |
| 2020s | 113.14 Chain linked volumes, index 2020=100 | 100 Chain linked volumes, index 2020=100 | 120.24 Chain linked volumes, index 2020=100 | 6 |
Countries ranked near Iceland
- 11 Albania 121.8 Chain linked volumes, index 2020=100 compare
- 12 Bulgaria 121.59 Chain linked volumes, index 2020=100 compare
- 13 Portugal 120.54 Chain linked volumes, index 2020=100 compare
- 15 Poland 120.12 Chain linked volumes, index 2020=100 compare
- 15 Poland 120.12 Chain linked volumes, index 2020=100 compare
- 17 Greece 119.69 Chain linked volumes, index 2020=100 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross domestic product (gdp) and main components (output, expenditure) in Iceland?
- Gross domestic product (gdp) and main components (output, expenditure) in Iceland was 120.21 Chain linked volumes, index 2020=100 in 2025, according to Eurostat.
- What is the highest gross domestic product (gdp) and main components (output, expenditure) recorded in Iceland?
- The highest recorded value was 120.24 Chain linked volumes, index 2020=100 in 2023.
- What is the lowest gross domestic product (gdp) and main components (output, expenditure) recorded in Iceland?
- The lowest recorded value was 50.09 Chain linked volumes, index 2020=100 in 1995.
- How does Iceland rank for gross domestic product (gdp) and main components (output, expenditure)?
- Iceland ranks 14th out of 49 countries with data for 2025.
- Is gross domestic product (gdp) and main components (output, expenditure) rising or falling in Iceland?
- Over the last ten years it is up 30.6%. 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 Gross domestic product (GDP) and main components (output, expenditure and income) - annual data. Statizoid updates them automatically from the source API.
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