Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland
Iceland: Gross Domestic Product, GDP in millions constant 2021 international $ was 0 units per US$ of GDP in 2025. ▼ Falling
Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland, 1991–2025
Source: Statizoid (derived). Measured in units per US$ of GDP.
Analysis
Iceland recorded 0 units per US$ of GDP for gross domestic product, gdp in millions constant 2021 international $ in 2025. That is the lowest value across all 35 years on record.
The figure is down 12.8% on the previous year and down 38.7% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Iceland peaked at 0 units per US$ of GDP in 2001 and was at its lowest, 0 units per US$ of GDP, in 2025.
Iceland ranks 185th of 185 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland, year by year
| Year | units per US$ of GDP | Change |
|---|---|---|
| 1991 | 0 units per US$ of GDP | — |
| 1992 | 0 units per US$ of GDP | -5.7% |
| 1993 | 0 units per US$ of GDP | +15.4% |
| 1994 | 0 units per US$ of GDP | +0.8% |
| 1995 | 0 units per US$ of GDP | -10.2% |
| 1996 | 0 units per US$ of GDP | +0.3% |
| 1997 | 0 units per US$ of GDP | +5.4% |
| 1998 | 0 units per US$ of GDP | -4.1% |
| 1999 | 0 units per US$ of GDP | -1.3% |
| 2000 | 0 units per US$ of GDP | +4.6% |
| 2001 | 0 units per US$ of GDP | +14.2% |
| 2002 | 0 units per US$ of GDP | -11.1% |
| 2003 | 0 units per US$ of GDP | -16.8% |
| 2004 | 0 units per US$ of GDP | -10.7% |
| 2005 | 0 units per US$ of GDP | -13.6% |
| 2006 | 0 units per US$ of GDP | +3.2% |
| 2007 | 0 units per US$ of GDP | -12.7% |
| 2008 | 0 units per US$ of GDP | +23.0% |
| 2009 | 0 units per US$ of GDP | +27.5% |
| 2010 | 0 units per US$ of GDP | -7.8% |
| 2011 | 0 units per US$ of GDP | -7.9% |
| 2012 | 0 units per US$ of GDP | +4.1% |
| 2013 | 0 units per US$ of GDP | -3.8% |
| 2014 | 0 units per US$ of GDP | -8.5% |
| 2015 | 0 units per US$ of GDP | +6.5% |
| 2016 | 0 units per US$ of GDP | -10.8% |
| 2017 | 0 units per US$ of GDP | -12.3% |
| 2018 | 0 units per US$ of GDP | -1.5% |
| 2019 | 0 units per US$ of GDP | +8.8% |
| 2020 | 0 units per US$ of GDP | +5.9% |
| 2021 | 0 units per US$ of GDP | -11.7% |
| 2022 | 0 units per US$ of GDP | -2.1% |
| 2023 | 0 units per US$ of GDP | -3.2% |
| 2024 | 0 units per US$ of GDP | -5.4% |
| 2025 | 0 units per US$ of GDP | -12.8% |
Iceland compared with similar countries
- Iceland's 0 units per US$ of GDP is below the median for high income countries, which is 0 units per US$ of GDP, 52% of the median. (62 countries reporting)
- Iceland's 0 units per US$ of GDP is below the median for Europe & Central Asia, which is 0 units per US$ of GDP, 46% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 9 |
| 2000s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2010s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 10 |
| 2020s | 0 units per US$ of GDP | 0 units per US$ of GDP | 0 units per US$ of GDP | 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 units per US$ of GDP 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 units per US$ of GDP in 2001.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Iceland?
- The lowest recorded value was 0 units per US$ of GDP in 2025.
- How does Iceland rank for gross domestic product, gdp in millions constant 2021 international $?
- Iceland ranks 185th out of 185 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 down 38.7%. 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 Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by GDP (current US$), 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) ÷ GDP (current US$)
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
- 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
Gross Domestic Product, GDP in millions constant 2021 international $ at PPP (ILO modelled estimates) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.