Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland
Iceland: Gross Domestic Product, GDP in millions constant 2021 international $ was 0.0676 units per person in 2025. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland, 1991–2025
Source: Statizoid (derived). Measured in units per person.
Analysis
In 2025, gross domestic product, gdp in millions constant 2021 international $ in Iceland stood at 0.0676 units per person.
Compared with earlier readings it is down 0.1% on the previous year and up 12.6% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Iceland peaked at 0.0684 units per person in 2023 and was at its lowest, 0.0378 units per person, in 1992.
That places Iceland 14th out of 186 countries with data for 2025, putting it in the top 10%.
The long-run direction has been consistently rising across the 35 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland, year by year
| Year | units per person | Change |
|---|---|---|
| 1991 | 0.0396 units per person | — |
| 1992 | 0.0378 units per person | -4.6% |
| 1993 | 0.0379 units per person | +0.3% |
| 1994 | 0.0389 units per person | +2.7% |
| 1995 | 0.0387 units per person | -0.4% |
| 1996 | 0.0403 units per person | +4.0% |
| 1997 | 0.0423 units per person | +4.9% |
| 1998 | 0.0449 units per person | +6.2% |
| 1999 | 0.0461 units per person | +2.8% |
| 2000 | 0.0478 units per person | +3.6% |
| 2001 | 0.049 units per person | +2.6% |
| 2002 | 0.0489 units per person | -0.3% |
| 2003 | 0.0496 units per person | +1.4% |
| 2004 | 0.053 units per person | +6.9% |
| 2005 | 0.0553 units per person | +4.5% |
| 2006 | 0.0575 units per person | +3.9% |
| 2007 | 0.0608 units per person | +5.7% |
| 2008 | 0.061 units per person | +0.3% |
| 2009 | 0.0561 units per person | -8.0% |
| 2010 | 0.0546 units per person | -2.7% |
| 2011 | 0.0554 units per person | +1.5% |
| 2012 | 0.0557 units per person | +0.5% |
| 2013 | 0.0577 units per person | +3.6% |
| 2014 | 0.058 units per person | +0.6% |
| 2015 | 0.06 units per person | +3.4% |
| 2016 | 0.0629 units per person | +4.8% |
| 2017 | 0.064 units per person | +1.8% |
| 2018 | 0.0654 units per person | +2.1% |
| 2019 | 0.0651 units per person | -0.4% |
| 2020 | 0.0598 units per person | -8.1% |
| 2021 | 0.0619 units per person | +3.5% |
| 2022 | 0.0657 units per person | +6.1% |
| 2023 | 0.0684 units per person | +4.2% |
| 2024 | 0.0676 units per person | -1.2% |
| 2025 | 0.0676 units per person | -0.1% |
Iceland compared with similar countries
- Iceland's 0.0676 units per person is above the median for high income countries, which is 0.0493 units per person, 1.4× the median. (62 countries reporting)
- Iceland's 0.0676 units per person is above the median for Europe & Central Asia, which is 0.0416 units per person, 1.6× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.0407 units per person | 0.0378 units per person | 0.0461 units per person | 9 |
| 2000s | 0.0539 units per person | 0.0478 units per person | 0.061 units per person | 10 |
| 2010s | 0.0599 units per person | 0.0546 units per person | 0.0654 units per person | 10 |
| 2020s | 0.0652 units per person | 0.0598 units per person | 0.0684 units per person | 6 |
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 in millions constant 2021 international $ in Iceland?
- Gross domestic product, gdp in millions constant 2021 international $ in Iceland was 0.0676 units per person in 2025, according to Statizoid (derived).
- What is the highest gross domestic product, gdp in millions constant 2021 international $ recorded in Iceland?
- The highest recorded value was 0.0684 units per person in 2023.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Iceland?
- The lowest recorded value was 0.0378 units per person in 1992.
- How does Iceland rank for gross domestic product, gdp in millions constant 2021 international $?
- Iceland ranks 14th out of 186 countries with data for 2025.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Iceland?
- Over the last ten years it is up 12.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) ÷ Population, total
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
- Population, total World Population Prospects, United Nations (UN)
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
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.