Gross domestic product (GDP), Constant prices, Purchasing power in Iceland
Iceland: Gross domestic product (GDP), Constant prices, Purchasing power was 20.03 in 2019. ◆ Volatile
Gross domestic product (GDP), Constant prices, Purchasing power in Iceland, 1960–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), constant prices, purchasing power in Iceland is 20.03, measured in 2019. That is the highest value across all 60 years on record.
Compared with earlier readings it is up 1.9% on the previous year and up 30.9% over ten years.
Over the whole period, gross domestic product (gdp), constant prices, purchasing power in Iceland peaked at 20.03 in 2019 and was at its lowest, 2.28, in 1961.
That places Iceland 145th out of 193 countries with data for 2019, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Constant prices, Purchasing power in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 2.28 | — |
| 1961 | 2.28 | -0.1% |
| 1962 | 2.47 | +8.3% |
| 1963 | 2.72 | +10.3% |
| 1964 | 2.99 | +9.9% |
| 1965 | 3.21 | +7.3% |
| 1966 | 3.49 | +8.7% |
| 1967 | 3.45 | -1.3% |
| 1968 | 3.26 | -5.5% |
| 1969 | 3.33 | +2.4% |
| 1970 | 3.58 | +7.5% |
| 1971 | 4.05 | +13.1% |
| 1972 | 4.3 | +6.2% |
| 1973 | 4.59 | +6.8% |
| 1974 | 4.86 | +5.7% |
| 1975 | 4.89 | +0.6% |
| 1976 | 5.18 | +6.0% |
| 1977 | 5.64 | +8.8% |
| 1978 | 5.98 | +6.0% |
| 1979 | 6.27 | +4.9% |
| 1980 | 6.63 | +5.7% |
| 1981 | 6.91 | +4.3% |
| 1982 | 7.06 | +2.2% |
| 1983 | 6.91 | -2.2% |
| 1984 | 7.19 | +4.1% |
| 1985 | 7.43 | +3.3% |
| 1986 | 7.89 | +6.3% |
| 1987 | 8.57 | +8.5% |
| 1988 | 8.56 | -0.1% |
| 1989 | 8.58 | +0.3% |
| 1990 | 8.68 | +1.2% |
| 1991 | 8.66 | -0.2% |
| 1992 | 8.37 | -3.4% |
| 1993 | 8.48 | +1.3% |
| 1994 | 8.79 | +3.6% |
| 1995 | 8.8 | +0.1% |
| 1996 | 9.2 | +4.6% |
| 1997 | 9.73 | +5.8% |
| 1998 | 11.06 | +13.7% |
| 1999 | 10.84 | -2.0% |
| 2000 | 11.37 | +4.9% |
| 2001 | 11.82 | +3.9% |
| 2002 | 11.9 | +0.7% |
| 2003 | 12.17 | +2.3% |
| 2004 | 13.14 | +8.0% |
| 2005 | 13.98 | +6.3% |
| 2006 | 14.71 | +5.2% |
| 2007 | 16.09 | +9.4% |
| 2008 | 16.41 | +2.0% |
| 2009 | 15.3 | -6.8% |
| 2010 | 14.77 | -3.4% |
| 2011 | 15.05 | +1.9% |
| 2012 | 15.24 | +1.3% |
| 2013 | 15.87 | +4.1% |
| 2014 | 16.2 | +2.1% |
| 2015 | 16.97 | +4.7% |
| 2016 | 18.1 | +6.6% |
| 2017 | 18.92 | +4.5% |
| 2018 | 19.65 | +3.9% |
| 2019 | 20.03 | +1.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 2.95 | 2.28 | 3.49 | 10 |
| 1970s | 4.93 | 3.58 | 6.27 | 10 |
| 1980s | 7.57 | 6.63 | 8.58 | 10 |
| 1990s | 9.26 | 8.37 | 11.06 | 10 |
| 2000s | 13.69 | 11.37 | 16.41 | 10 |
| 2010s | 17.08 | 14.77 | 20.03 | 10 |
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 gross domestic product (gdp), constant prices, purchasing power in Iceland?
- Gross domestic product (gdp), constant prices, purchasing power in Iceland was 20.03 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), constant prices, purchasing power recorded in Iceland?
- The highest recorded value was 20.03 in 2019.
- What is the lowest gross domestic product (gdp), constant prices, purchasing power recorded in Iceland?
- The lowest recorded value was 2.28 in 1961.
- How does Iceland rank for gross domestic product (gdp), constant prices, purchasing power?
- Iceland ranks 145th out of 193 countries with data for 2019.
- Is gross domestic product (gdp), constant prices, purchasing power rising or falling in Iceland?
- Over the last ten years it is up 30.9%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from International Monetary Fund, published as part of Gross domestic product (GDP), Constant prices, Purchasing power parity (PPP) international dollar, ICP benchmark 2017. Statizoid updates them automatically from the source API.
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About this data
This dataset provides comprehensive data for investment and capital stock for the general government, private sector and public-private partnerships, across the Fund member countries.