Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland
Iceland: Gross Domestic Product, GDP in millions constant 2021 international $ was 0.2617 units per square kilometre in 2023. ▲ Rising
Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland, 1991–2023
Source: Statizoid (derived). Measured in units per square kilometre.
Analysis
In 2023, gross domestic product, gdp in millions constant 2021 international $ in Iceland stood at 0.2617 units per square kilometre. That is the highest value across all 33 years on record.
The figure is up 5.2% on the previous year and up 40.4% over ten years.
Over the whole period, gross domestic product, gdp in millions constant 2021 international $ in Iceland peaked at 0.2617 units per square kilometre in 2023 and was at its lowest, 0.0983 units per square kilometre, in 1992.
Iceland ranks 147th of 186 countries on this measure, in the bottom quarter.
The long-run direction has been consistently rising across the 33 years of available data.
Gross Domestic Product, GDP in millions constant 2021 international $ in Iceland, year by year
| Year | units per square kilometre | Change |
|---|---|---|
| 1991 | 0.1017 units per square kilometre | — |
| 1992 | 0.0983 units per square kilometre | -3.4% |
| 1993 | 0.0996 units per square kilometre | +1.3% |
| 1994 | 0.1032 units per square kilometre | +3.6% |
| 1995 | 0.1033 units per square kilometre | +0.1% |
| 1996 | 0.108 units per square kilometre | +4.6% |
| 1997 | 0.1143 units per square kilometre | +5.8% |
| 1998 | 0.1227 units per square kilometre | +7.4% |
| 1999 | 0.1276 units per square kilometre | +4.0% |
| 2000 | 0.134 units per square kilometre | +5.0% |
| 2001 | 0.1394 units per square kilometre | +4.0% |
| 2002 | 0.1402 units per square kilometre | +0.6% |
| 2003 | 0.1432 units per square kilometre | +2.1% |
| 2004 | 0.1543 units per square kilometre | +7.8% |
| 2005 | 0.1638 units per square kilometre | +6.1% |
| 2006 | 0.1741 units per square kilometre | +6.3% |
| 2007 | 0.1889 units per square kilometre | +8.5% |
| 2008 | 0.193 units per square kilometre | +2.2% |
| 2009 | 0.1782 units per square kilometre | -7.7% |
| 2010 | 0.1732 units per square kilometre | -2.8% |
| 2011 | 0.1764 units per square kilometre | +1.8% |
| 2012 | 0.1783 units per square kilometre | +1.1% |
| 2013 | 0.1864 units per square kilometre | +4.6% |
| 2014 | 0.1895 units per square kilometre | +1.7% |
| 2015 | 0.1979 units per square kilometre | +4.4% |
| 2016 | 0.2104 units per square kilometre | +6.3% |
| 2017 | 0.2192 units per square kilometre | +4.2% |
| 2018 | 0.2286 units per square kilometre | +4.3% |
| 2019 | 0.2329 units per square kilometre | +1.9% |
| 2020 | 0.2174 units per square kilometre | -6.6% |
| 2021 | 0.2287 units per square kilometre | +5.2% |
| 2022 | 0.2488 units per square kilometre | +8.8% |
| 2023 | 0.2617 units per square kilometre | +5.2% |
Iceland compared with similar countries
- Iceland's 0.2617 units per square kilometre is below the median for high income countries, which is 5.14 units per square kilometre, 5% of the median. (62 countries reporting)
- Iceland's 0.2617 units per square kilometre is below the median for Europe & Central Asia, which is 2.37 units per square kilometre, 11% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.1088 units per square kilometre | 0.0983 units per square kilometre | 0.1276 units per square kilometre | 9 |
| 2000s | 0.1609 units per square kilometre | 0.134 units per square kilometre | 0.193 units per square kilometre | 10 |
| 2010s | 0.1993 units per square kilometre | 0.1732 units per square kilometre | 0.2329 units per square kilometre | 10 |
| 2020s | 0.2392 units per square kilometre | 0.2174 units per square kilometre | 0.2617 units per square kilometre | 4 |
Countries ranked near Iceland
- 144 Laos 0.2727 units per square kilometre compare
- 145 Tanzania 0.2723 units per square kilometre compare
- 146 Canada 0.2623 units per square kilometre compare
- 148 Kazakhstan 0.2606 units per square kilometre compare
- 149 Turkmenistan 0.2566 units per square kilometre compare
- 150 Kyrgyzstan 0.2434 units per square kilometre 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)
- 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 0.2617 units per square kilometre in 2023, 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 0.2617 units per square kilometre in 2023.
- What is the lowest gross domestic product, gdp in millions constant 2021 international $ recorded in Iceland?
- The lowest recorded value was 0.0983 units per square kilometre in 1992.
- How does Iceland rank for gross domestic product, gdp in millions constant 2021 international $?
- Iceland ranks 147th out of 186 countries with data for 2023.
- Is gross domestic product, gdp in millions constant 2021 international $ rising or falling in Iceland?
- Over the last ten years it is up 40.4%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 33 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 Land area (sq. km), 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) ÷ Land area (sq. km)
Computed from
- Gross Domestic Product, GDP in millions constant 2021 international $ International Labour Organization
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.