Gross domestic product (GDP), Current prices, Domestic currency in Iceland
Iceland: Gross domestic product (GDP), Current prices, Domestic currency was 2,970 in 2019. ◆ Volatile
Gross domestic product (GDP), Current prices, Domestic currency in Iceland, 1960–2019
Source: International Monetary Fund.
Analysis
The most recent figure for gross domestic product (gdp), current prices, domestic currency in Iceland is 2,970, measured in 2019. That is the highest value across all 60 years on record.
Compared with earlier readings it is up 6.5% on the previous year and up 82.5% over ten years.
Over the whole period, gross domestic product (gdp), current prices, domestic currency in Iceland peaked at 2,970 in 2019 and was at its lowest, 0.0911, in 1960.
That places Iceland 74th out of 194 countries with data for 2019, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), Current prices, Domestic currency in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1960 | 0.0911 | — |
| 1961 | 0.1034 | +13.6% |
| 1962 | 0.1241 | +20.0% |
| 1963 | 0.1483 | +19.5% |
| 1964 | 0.1894 | +27.7% |
| 1965 | 0.2289 | +20.8% |
| 1966 | 0.2749 | +20.1% |
| 1967 | 0.2789 | +1.5% |
| 1968 | 0.2998 | +7.5% |
| 1969 | 0.371 | +23.8% |
| 1970 | 0.4642 | +25.1% |
| 1971 | 0.5907 | +27.3% |
| 1972 | 0.7422 | +25.6% |
| 1973 | 1.04 | +40.4% |
| 1974 | 1.52 | +45.5% |
| 1975 | 2.17 | +42.8% |
| 1976 | 3.05 | +40.6% |
| 1977 | 4.4 | +44.4% |
| 1978 | 6.82 | +55.0% |
| 1979 | 10.08 | +47.7% |
| 1980 | 16.25 | +61.2% |
| 1981 | 25.27 | +55.5% |
| 1982 | 39.67 | +57.0% |
| 1983 | 68.82 | +73.5% |
| 1984 | 90.92 | +32.1% |
| 1985 | 124.05 | +36.4% |
| 1986 | 164.24 | +32.4% |
| 1987 | 213.83 | +30.2% |
| 1988 | 263.07 | +23.0% |
| 1989 | 324.06 | +23.2% |
| 1990 | 377.59 | +16.5% |
| 1991 | 408.26 | +8.1% |
| 1992 | 408.09 | -0.0% |
| 1993 | 421.03 | +3.2% |
| 1994 | 447.58 | +6.3% |
| 1995 | 461.53 | +3.1% |
| 1996 | 494.64 | +7.2% |
| 1997 | 537.52 | +8.7% |
| 1998 | 602.73 | +12.1% |
| 1999 | 648.96 | +7.7% |
| 2000 | 707.83 | +9.1% |
| 2001 | 799.4 | +12.9% |
| 2002 | 851.96 | +6.6% |
| 2003 | 875.56 | +2.8% |
| 2004 | 971.09 | +10.9% |
| 2005 | 1,059 | +9.0% |
| 2006 | 1,208 | +14.1% |
| 2007 | 1,378 | +14.1% |
| 2008 | 1,575 | +14.3% |
| 2009 | 1,628 | +3.4% |
| 2010 | 1,673 | +2.8% |
| 2011 | 1,758 | +5.1% |
| 2012 | 1,842 | +4.8% |
| 2013 | 1,959 | +6.4% |
| 2014 | 2,074 | +5.9% |
| 2015 | 2,294 | +10.6% |
| 2016 | 2,491 | +8.6% |
| 2017 | 2,616 | +5.0% |
| 2018 | 2,788 | +6.6% |
| 2019 | 2,970 | +6.5% |
Iceland compared with similar countries
- Iceland's 2,970 is above the median for high income countries, which is 434.67, 6.8× the median. (65 countries reporting)
- Iceland's 2,970 is above the median for Europe & Central Asia, which is 590.04, 5.0× the median. (49 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 0.211 | 0.0911 | 0.371 | 10 |
| 1970s | 3.09 | 0.4642 | 10.08 | 10 |
| 1980s | 133.02 | 16.25 | 324.06 | 10 |
| 1990s | 480.79 | 377.59 | 648.96 | 10 |
| 2000s | 1,105 | 707.83 | 1,628 | 10 |
| 2010s | 2,246 | 1,673 | 2,970 | 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)
- 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 gross domestic product (gdp), current prices, domestic currency in Iceland?
- Gross domestic product (gdp), current prices, domestic currency in Iceland was 2,970 in 2019, according to International Monetary Fund.
- What is the highest gross domestic product (gdp), current prices, domestic currency recorded in Iceland?
- The highest recorded value was 2,970 in 2019.
- What is the lowest gross domestic product (gdp), current prices, domestic currency recorded in Iceland?
- The lowest recorded value was 0.0911 in 1960.
- How does Iceland rank for gross domestic product (gdp), current prices, domestic currency?
- Iceland ranks 74th out of 194 countries with data for 2019.
- Is gross domestic product (gdp), current prices, domestic currency rising or falling in Iceland?
- Over the last ten years it is up 82.5%. 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), Current prices, Domestic currency. Statizoid updates them automatically from the source API.
Download this data
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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.