Gross domestic product (GDP), per capita in Iceland
Iceland: Gross domestic product (GDP), per capita was 63,507 international-$ in 2021 prices per person in 2023. ▲ Rising
Latest (2023)
63,507 international-$ in 2021 prices per person
Change on year
up 4.9%
World rank
15th
of 181 countries
All-time high
63,507 international-$ in 2021 prices per person
in 2023
All-time low
14,442 international-$ in 2021 prices per person
in 1960
Years of data
64
1960–2023
Gross domestic product (GDP), per capita in Iceland, 1960–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per person.
Analysis
The most recent figure for gross domestic product (gdp), per capita in Iceland is 63,507 international-$ in 2021 prices per person, measured in 2023. That is the highest value across all 64 years on record.
Compared with earlier readings it is up 4.9% on the previous year and up 25.5% over ten years.
Over the whole period, gross domestic product (gdp), per capita in Iceland peaked at 63,507 international-$ in 2021 prices per person in 2023 and was at its lowest, 14,442 international-$ in 2021 prices per person, in 1960.
Iceland ranks 15th of 181 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 64 years of available data.
Gross domestic product (GDP), per capita in Iceland, year by year
| Year | international-$ in 2021 prices per person | Change |
|---|---|---|
| 1960 | 14,442 international-$ in 2021 prices per person | — |
| 1961 | 14,823 international-$ in 2021 prices per person | +2.6% |
| 1962 | 15,110 international-$ in 2021 prices per person | +1.9% |
| 1963 | 16,623 international-$ in 2021 prices per person | +10.0% |
| 1964 | 18,384 international-$ in 2021 prices per person | +10.6% |
| 1965 | 19,760 international-$ in 2021 prices per person | +7.5% |
| 1966 | 20,781 international-$ in 2021 prices per person | +5.2% |
| 1967 | 19,791 international-$ in 2021 prices per person | -4.8% |
| 1968 | 18,020 international-$ in 2021 prices per person | -8.9% |
| 1969 | 18,759 international-$ in 2021 prices per person | +4.1% |
| 1970 | 19,977 international-$ in 2021 prices per person | +6.5% |
| 1971 | 23,706 international-$ in 2021 prices per person | +18.7% |
| 1972 | 23,098 international-$ in 2021 prices per person | -2.6% |
| 1973 | 25,392 international-$ in 2021 prices per person | +9.9% |
| 1974 | 26,914 international-$ in 2021 prices per person | +6.0% |
| 1975 | 26,725 international-$ in 2021 prices per person | -0.7% |
| 1976 | 26,582 international-$ in 2021 prices per person | -0.5% |
| 1977 | 29,666 international-$ in 2021 prices per person | +11.6% |
| 1978 | 30,874 international-$ in 2021 prices per person | +4.1% |
| 1979 | 32,062 international-$ in 2021 prices per person | +3.8% |
| 1980 | 33,681 international-$ in 2021 prices per person | +5.1% |
| 1981 | 34,886 international-$ in 2021 prices per person | +3.6% |
| 1982 | 35,765 international-$ in 2021 prices per person | +2.5% |
| 1983 | 31,984 international-$ in 2021 prices per person | -10.6% |
| 1984 | 34,708 international-$ in 2021 prices per person | +8.5% |
| 1985 | 34,166 international-$ in 2021 prices per person | -1.6% |
| 1986 | 37,000 international-$ in 2021 prices per person | +8.3% |
| 1987 | 41,018 international-$ in 2021 prices per person | +10.9% |
| 1988 | 41,554 international-$ in 2021 prices per person | +1.3% |
| 1989 | 39,277 international-$ in 2021 prices per person | -5.5% |
| 1990 | 38,947 international-$ in 2021 prices per person | -0.8% |
| 1991 | 39,220 international-$ in 2021 prices per person | +0.7% |
| 1992 | 37,160 international-$ in 2021 prices per person | -5.3% |
| 1993 | 37,347 international-$ in 2021 prices per person | +0.5% |
| 1994 | 38,229 international-$ in 2021 prices per person | +2.4% |
| 1995 | 38,042 international-$ in 2021 prices per person | -0.5% |
| 1996 | 38,784 international-$ in 2021 prices per person | +2.0% |
| 1997 | 42,060 international-$ in 2021 prices per person | +8.4% |
| 1998 | 43,733 international-$ in 2021 prices per person | +4.0% |
| 1999 | 46,188 international-$ in 2021 prices per person | +5.6% |
| 2000 | 45,896 international-$ in 2021 prices per person | -0.6% |
| 2001 | 47,496 international-$ in 2021 prices per person | +3.5% |
| 2002 | 47,464 international-$ in 2021 prices per person | -0.1% |
| 2003 | 45,942 international-$ in 2021 prices per person | -3.2% |
| 2004 | 48,224 international-$ in 2021 prices per person | +5.0% |
| 2005 | 49,167 international-$ in 2021 prices per person | +2.0% |
| 2006 | 45,789 international-$ in 2021 prices per person | -6.9% |
| 2007 | 47,191 international-$ in 2021 prices per person | +3.1% |
| 2008 | 53,279 international-$ in 2021 prices per person | +12.9% |
| 2009 | 51,737 international-$ in 2021 prices per person | -2.9% |
| 2010 | 49,197 international-$ in 2021 prices per person | -4.9% |
| 2011 | 50,434 international-$ in 2021 prices per person | +2.5% |
| 2012 | 52,038 international-$ in 2021 prices per person | +3.2% |
| 2013 | 50,606 international-$ in 2021 prices per person | -2.8% |
| 2014 | 50,666 international-$ in 2021 prices per person | +0.1% |
| 2015 | 52,041 international-$ in 2021 prices per person | +2.7% |
| 2016 | 52,054 international-$ in 2021 prices per person | +0.0% |
| 2017 | 52,432 international-$ in 2021 prices per person | +0.7% |
| 2018 | 53,458 international-$ in 2021 prices per person | +2.0% |
| 2019 | 59,133 international-$ in 2021 prices per person | +10.6% |
| 2020 | 54,521 international-$ in 2021 prices per person | -7.8% |
| 2021 | 56,414 international-$ in 2021 prices per person | +3.5% |
| 2022 | 60,522 international-$ in 2021 prices per person | +7.3% |
| 2023 | 63,507 international-$ in 2021 prices per person | +4.9% |
Iceland compared with similar countries
- Iceland's 63,507 international-$ in 2021 prices per person is above the median for high income countries, which is 45,244 international-$ in 2021 prices per person, 1.4× the median. (66 countries reporting)
- Iceland's 63,507 international-$ in 2021 prices per person is above the median for Europe & Central Asia, which is 36,356 international-$ in 2021 prices per person, 1.7× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 17,649 international-$ in 2021 prices per person | 14,442 international-$ in 2021 prices per person | 20,781 international-$ in 2021 prices per person | 10 |
| 1970s | 26,500 international-$ in 2021 prices per person | 19,977 international-$ in 2021 prices per person | 32,062 international-$ in 2021 prices per person | 10 |
| 1980s | 36,404 international-$ in 2021 prices per person | 31,984 international-$ in 2021 prices per person | 41,554 international-$ in 2021 prices per person | 10 |
| 1990s | 39,971 international-$ in 2021 prices per person | 37,160 international-$ in 2021 prices per person | 46,188 international-$ in 2021 prices per person | 10 |
| 2000s | 48,218 international-$ in 2021 prices per person | 45,789 international-$ in 2021 prices per person | 53,279 international-$ in 2021 prices per person | 10 |
| 2010s | 52,206 international-$ in 2021 prices per person | 49,197 international-$ in 2021 prices per person | 59,133 international-$ in 2021 prices per person | 10 |
| 2020s | 58,741 international-$ in 2021 prices per person | 54,521 international-$ in 2021 prices per person | 63,507 international-$ in 2021 prices per person | 4 |
Countries ranked near Iceland
- 12 Macao 68,007 international-$ in 2021 prices per person compare
- 13 Denmark 65,916 international-$ in 2021 prices per person compare
- 14 Australia 63,829 international-$ in 2021 prices per person compare
- 16 Austria 62,844 international-$ in 2021 prices per person compare
- 17 Bermuda 62,179 international-$ in 2021 prices per person compare
- 18 Germany 60,891 international-$ in 2021 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per capita in Iceland?
- Gross domestic product (gdp), per capita in Iceland was 63,507 international-$ in 2021 prices per person in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per capita recorded in Iceland?
- The highest recorded value was 63,507 international-$ in 2021 prices per person in 2023.
- What is the lowest gross domestic product (gdp), per capita recorded in Iceland?
- The lowest recorded value was 14,442 international-$ in 2021 prices per person in 1960.
- How does Iceland rank for gross domestic product (gdp), per capita?
- Iceland ranks 15th out of 181 countries with data for 2023.
- Is gross domestic product (gdp), per capita rising or falling in Iceland?
- Over the last ten years it is up 25.5%. 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 — 64 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) Feenstra et al. – Penn World Table (2025) – 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.