Gross domestic product (GDP), per capita (Bolt) in Iceland
Iceland: Gross domestic product (GDP), per capita (Bolt) was 41,936 international-$ in 2011 prices per person in 2022. ▲ Rising
Latest (2022)
41,936 international-$ in 2011 prices per person
Change on year
up 3.8%
World rank
19th
of 164 countries
All-time high
43,306 international-$ in 2011 prices per person
in 2018
All-time low
10,721 international-$ in 2011 prices per person
in 1961
Years of data
63
1960–2022
Gross domestic product (GDP), per capita in Iceland, 1960–2022
Source: Statizoid (derived). Measured in international-$ in 2011 prices per person.
Analysis
Iceland recorded 41,936 international-$ in 2011 prices per person for gross domestic product (gdp), per capita in 2022.
The figure is up 3.8% on the previous year and up 13.6% over ten years.
Over the whole period, gross domestic product (gdp), per capita in Iceland peaked at 43,306 international-$ in 2011 prices per person in 2018 and was at its lowest, 10,721 international-$ in 2011 prices per person, in 1961.
Iceland ranks 19th of 164 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 63 years of available data.
Gross domestic product (GDP), per capita (Bolt) in Iceland, year by year
| Year | international-$ in 2011 prices per person | Change |
|---|---|---|
| 1960 | 10,977 international-$ in 2011 prices per person | — |
| 1961 | 10,721 international-$ in 2011 prices per person | -2.3% |
| 1962 | 11,415 international-$ in 2011 prices per person | +6.5% |
| 1963 | 12,355 international-$ in 2011 prices per person | +8.2% |
| 1964 | 13,376 international-$ in 2011 prices per person | +8.3% |
| 1965 | 14,100 international-$ in 2011 prices per person | +5.4% |
| 1966 | 15,061 international-$ in 2011 prices per person | +6.8% |
| 1967 | 14,636 international-$ in 2011 prices per person | -2.8% |
| 1968 | 13,632 international-$ in 2011 prices per person | -6.9% |
| 1969 | 13,849 international-$ in 2011 prices per person | +1.6% |
| 1970 | 14,806 international-$ in 2011 prices per person | +6.9% |
| 1971 | 16,606 international-$ in 2011 prices per person | +12.2% |
| 1972 | 17,378 international-$ in 2011 prices per person | +4.6% |
| 1973 | 18,281 international-$ in 2011 prices per person | +5.2% |
| 1974 | 19,064 international-$ in 2011 prices per person | +4.3% |
| 1975 | 18,940 international-$ in 2011 prices per person | -0.7% |
| 1976 | 19,875 international-$ in 2011 prices per person | +4.9% |
| 1977 | 21,467 international-$ in 2011 prices per person | +8.0% |
| 1978 | 22,584 international-$ in 2011 prices per person | +5.2% |
| 1979 | 23,444 international-$ in 2011 prices per person | +3.8% |
| 1980 | 24,530 international-$ in 2011 prices per person | +4.6% |
| 1981 | 25,289 international-$ in 2011 prices per person | +3.1% |
| 1982 | 25,492 international-$ in 2011 prices per person | +0.8% |
| 1983 | 24,612 international-$ in 2011 prices per person | -3.5% |
| 1984 | 25,356 international-$ in 2011 prices per person | +3.0% |
| 1985 | 25,990 international-$ in 2011 prices per person | +2.5% |
| 1986 | 27,419 international-$ in 2011 prices per person | +5.5% |
| 1987 | 29,434 international-$ in 2011 prices per person | +7.3% |
| 1988 | 28,951 international-$ in 2011 prices per person | -1.6% |
| 1989 | 28,640 international-$ in 2011 prices per person | -1.1% |
| 1990 | 28,748 international-$ in 2011 prices per person | +0.4% |
| 1991 | 28,273 international-$ in 2011 prices per person | -1.7% |
| 1992 | 26,856 international-$ in 2011 prices per person | -5.0% |
| 1993 | 26,834 international-$ in 2011 prices per person | -0.1% |
| 1994 | 27,448 international-$ in 2011 prices per person | +2.3% |
| 1995 | 27,222 international-$ in 2011 prices per person | -0.8% |
| 1996 | 28,269 international-$ in 2011 prices per person | +3.8% |
| 1997 | 29,906 international-$ in 2011 prices per person | +5.8% |
| 1998 | 31,408 international-$ in 2011 prices per person | +5.0% |
| 1999 | 32,157 international-$ in 2011 prices per person | +2.4% |
| 2000 | 33,098 international-$ in 2011 prices per person | +2.9% |
| 2001 | 33,801 international-$ in 2011 prices per person | +2.1% |
| 2002 | 33,470 international-$ in 2011 prices per person | -1.0% |
| 2003 | 33,886 international-$ in 2011 prices per person | +1.2% |
| 2004 | 36,264 international-$ in 2011 prices per person | +7.0% |
| 2005 | 37,768 international-$ in 2011 prices per person | +4.1% |
| 2006 | 38,763 international-$ in 2011 prices per person | +2.6% |
| 2007 | 41,079 international-$ in 2011 prices per person | +6.0% |
| 2008 | 41,054 international-$ in 2011 prices per person | -0.1% |
| 2009 | 37,774 international-$ in 2011 prices per person | -8.0% |
| 2010 | 36,258 international-$ in 2011 prices per person | -4.0% |
| 2011 | 36,728 international-$ in 2011 prices per person | +1.3% |
| 2012 | 36,922 international-$ in 2011 prices per person | +0.5% |
| 2013 | 38,239 international-$ in 2011 prices per person | +3.6% |
| 2014 | 38,454 international-$ in 2011 prices per person | +0.6% |
| 2015 | 39,744 international-$ in 2011 prices per person | +3.4% |
| 2016 | 41,667 international-$ in 2011 prices per person | +4.8% |
| 2017 | 42,408 international-$ in 2011 prices per person | +1.8% |
| 2018 | 43,306 international-$ in 2011 prices per person | +2.1% |
| 2019 | 43,129 international-$ in 2011 prices per person | -0.4% |
| 2020 | 39,362 international-$ in 2011 prices per person | -8.7% |
| 2021 | 40,400 international-$ in 2011 prices per person | +2.6% |
| 2022 | 41,936 international-$ in 2011 prices per person | +3.8% |
Iceland compared with similar countries
- Iceland's 41,936 international-$ in 2011 prices per person is above the median for high income countries, which is 37,494 international-$ in 2011 prices per person, 1.1× the median. (55 countries reporting)
- Iceland's 41,936 international-$ in 2011 prices per person is above the median for Europe & Central Asia, which is 27,879 international-$ in 2011 prices per person, 1.5× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 13,012 international-$ in 2011 prices per person | 10,721 international-$ in 2011 prices per person | 15,061 international-$ in 2011 prices per person | 10 |
| 1970s | 19,244 international-$ in 2011 prices per person | 14,806 international-$ in 2011 prices per person | 23,444 international-$ in 2011 prices per person | 10 |
| 1980s | 26,571 international-$ in 2011 prices per person | 24,530 international-$ in 2011 prices per person | 29,434 international-$ in 2011 prices per person | 10 |
| 1990s | 28,712 international-$ in 2011 prices per person | 26,834 international-$ in 2011 prices per person | 32,157 international-$ in 2011 prices per person | 10 |
| 2000s | 36,696 international-$ in 2011 prices per person | 33,098 international-$ in 2011 prices per person | 41,079 international-$ in 2011 prices per person | 10 |
| 2010s | 39,686 international-$ in 2011 prices per person | 36,258 international-$ in 2011 prices per person | 43,306 international-$ in 2011 prices per person | 10 |
| 2020s | 40,566 international-$ in 2011 prices per person | 39,362 international-$ in 2011 prices per person | 41,936 international-$ in 2011 prices per person | 3 |
Countries ranked near Iceland
- 16 Germany 47,003 international-$ in 2011 prices per person compare
- 17 Canada 45,219 international-$ in 2011 prices per person compare
- 18 Austria 44,108 international-$ in 2011 prices per person compare
- 20 Belgium 41,924 international-$ in 2011 prices per person compare
- 21 South Korea 41,367 international-$ in 2011 prices per person compare
- 22 Finland 40,704 international-$ in 2011 prices per person 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)
- 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), per capita in Iceland?
- Gross domestic product (gdp), per capita in Iceland was 41,936 international-$ in 2011 prices per person in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per capita recorded in Iceland?
- The highest recorded value was 43,306 international-$ in 2011 prices per person in 2018.
- What is the lowest gross domestic product (gdp), per capita recorded in Iceland?
- The lowest recorded value was 10,721 international-$ in 2011 prices per person in 1961.
- How does Iceland rank for gross domestic product (gdp), per capita?
- Iceland ranks 19th out of 164 countries with data for 2022.
- Is gross domestic product (gdp), per capita rising or falling in Iceland?
- Over the last ten years it is up 13.6%. 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), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross domestic product (GDP) 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) ÷ Population, total
Computed from
- Gross domestic product (GDP) Bolt and van Zanden – Maddison Project Database 2023 – with major processing by Our World in Data
- 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) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.