Gross domestic product (GDP), per square kilometre in Iceland
Iceland: Gross domestic product (GDP), per square kilometre was 242,907 international-$ in 2021 prices per square kilometre in 2023. ◆ Volatile
Latest (2023)
242,907 international-$ in 2021 prices per square kilometre
Change on year
up 5.9%
World rank
151st
of 181 countries
All-time high
242,907 international-$ in 2021 prices per square kilometre
in 2023
All-time low
26,472 international-$ in 2021 prices per square kilometre
in 1961
Years of data
63
1961–2023
Gross domestic product (GDP), per square kilometre in Iceland, 1961–2023
Source: Statizoid (derived). Measured in international-$ in 2021 prices per square kilometre.
Analysis
Iceland recorded 242,907 international-$ in 2021 prices per square kilometre for gross domestic product (gdp), per square kilometre in 2023. That is the highest value across all 63 years on record.
That represents a change of up 5.9% on the previous year and up 48.6% over ten years.
Over the whole period, gross domestic product (gdp), per square kilometre in Iceland peaked at 242,907 international-$ in 2021 prices per square kilometre in 2023 and was at its lowest, 26,472 international-$ in 2021 prices per square kilometre, in 1961.
That places Iceland 151st out of 181 countries with data for 2023, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross domestic product (GDP), per square kilometre in Iceland, year by year
| Year | international-$ in 2021 prices per square kilometre | Change |
|---|---|---|
| 1961 | 26,472 international-$ in 2021 prices per square kilometre | — |
| 1962 | 27,489 international-$ in 2021 prices per square kilometre | +3.8% |
| 1963 | 30,785 international-$ in 2021 prices per square kilometre | +12.0% |
| 1964 | 34,655 international-$ in 2021 prices per square kilometre | +12.6% |
| 1965 | 37,900 international-$ in 2021 prices per square kilometre | +9.4% |
| 1966 | 40,541 international-$ in 2021 prices per square kilometre | +7.0% |
| 1967 | 39,237 international-$ in 2021 prices per square kilometre | -3.2% |
| 1968 | 36,217 international-$ in 2021 prices per square kilometre | -7.7% |
| 1969 | 38,055 international-$ in 2021 prices per square kilometre | +5.1% |
| 1970 | 40,739 international-$ in 2021 prices per square kilometre | +7.1% |
| 1971 | 48,735 international-$ in 2021 prices per square kilometre | +19.6% |
| 1972 | 48,186 international-$ in 2021 prices per square kilometre | -1.1% |
| 1973 | 53,778 international-$ in 2021 prices per square kilometre | +11.6% |
| 1974 | 57,777 international-$ in 2021 prices per square kilometre | +7.4% |
| 1975 | 58,110 international-$ in 2021 prices per square kilometre | +0.6% |
| 1976 | 58,375 international-$ in 2021 prices per square kilometre | +0.5% |
| 1977 | 65,635 international-$ in 2021 prices per square kilometre | +12.4% |
| 1978 | 68,844 international-$ in 2021 prices per square kilometre | +4.9% |
| 1979 | 72,195 international-$ in 2021 prices per square kilometre | +4.9% |
| 1980 | 76,648 international-$ in 2021 prices per square kilometre | +6.2% |
| 1981 | 80,301 international-$ in 2021 prices per square kilometre | +4.8% |
| 1982 | 83,432 international-$ in 2021 prices per square kilometre | +3.9% |
| 1983 | 75,605 international-$ in 2021 prices per square kilometre | -9.4% |
| 1984 | 82,922 international-$ in 2021 prices per square kilometre | +9.7% |
| 1985 | 82,272 international-$ in 2021 prices per square kilometre | -0.8% |
| 1986 | 89,752 international-$ in 2021 prices per square kilometre | +9.1% |
| 1987 | 100,595 international-$ in 2021 prices per square kilometre | +12.1% |
| 1988 | 103,519 international-$ in 2021 prices per square kilometre | +2.9% |
| 1989 | 99,064 international-$ in 2021 prices per square kilometre | -4.3% |
| 1990 | 98,999 international-$ in 2021 prices per square kilometre | -0.1% |
| 1991 | 100,855 international-$ in 2021 prices per square kilometre | +1.9% |
| 1992 | 96,768 international-$ in 2021 prices per square kilometre | -4.1% |
| 1993 | 98,248 international-$ in 2021 prices per square kilometre | +1.5% |
| 1994 | 101,444 international-$ in 2021 prices per square kilometre | +3.3% |
| 1995 | 101,495 international-$ in 2021 prices per square kilometre | +0.1% |
| 1996 | 104,037 international-$ in 2021 prices per square kilometre | +2.5% |
| 1997 | 113,753 international-$ in 2021 prices per square kilometre | +9.3% |
| 1998 | 119,551 international-$ in 2021 prices per square kilometre | +5.1% |
| 1999 | 127,797 international-$ in 2021 prices per square kilometre | +6.9% |
| 2000 | 128,740 international-$ in 2021 prices per square kilometre | +0.7% |
| 2001 | 135,011 international-$ in 2021 prices per square kilometre | +4.9% |
| 2002 | 136,131 international-$ in 2021 prices per square kilometre | +0.8% |
| 2003 | 132,679 international-$ in 2021 prices per square kilometre | -2.5% |
| 2004 | 140,498 international-$ in 2021 prices per square kilometre | +5.9% |
| 2005 | 145,530 international-$ in 2021 prices per square kilometre | +3.6% |
| 2006 | 138,752 international-$ in 2021 prices per square kilometre | -4.7% |
| 2007 | 146,665 international-$ in 2021 prices per square kilometre | +5.7% |
| 2008 | 168,692 international-$ in 2021 prices per square kilometre | +15.0% |
| 2009 | 164,371 international-$ in 2021 prices per square kilometre | -2.6% |
| 2010 | 156,077 international-$ in 2021 prices per square kilometre | -5.0% |
| 2011 | 160,492 international-$ in 2021 prices per square kilometre | +2.8% |
| 2012 | 166,477 international-$ in 2021 prices per square kilometre | +3.7% |
| 2013 | 163,436 international-$ in 2021 prices per square kilometre | -1.8% |
| 2014 | 165,461 international-$ in 2021 prices per square kilometre | +1.2% |
| 2015 | 171,731 international-$ in 2021 prices per square kilometre | +3.8% |
| 2016 | 174,175 international-$ in 2021 prices per square kilometre | +1.4% |
| 2017 | 179,604 international-$ in 2021 prices per square kilometre | +3.1% |
| 2018 | 187,006 international-$ in 2021 prices per square kilometre | +4.1% |
| 2019 | 211,457 international-$ in 2021 prices per square kilometre | +13.1% |
| 2020 | 198,155 international-$ in 2021 prices per square kilometre | -6.3% |
| 2021 | 208,422 international-$ in 2021 prices per square kilometre | +5.2% |
| 2022 | 229,292 international-$ in 2021 prices per square kilometre | +10.0% |
| 2023 | 242,907 international-$ in 2021 prices per square kilometre | +5.9% |
Iceland compared with similar countries
- Iceland's 242,907 international-$ in 2021 prices per square kilometre is below the median for high income countries, which is 5.60 million international-$ in 2021 prices per square kilometre, 4% of the median. (66 countries reporting)
- Iceland's 242,907 international-$ in 2021 prices per square kilometre is below the median for Europe & Central Asia, which is 2.36 million international-$ in 2021 prices per square kilometre, 10% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 34,594 international-$ in 2021 prices per square kilometre | 26,472 international-$ in 2021 prices per square kilometre | 40,541 international-$ in 2021 prices per square kilometre | 9 |
| 1970s | 57,238 international-$ in 2021 prices per square kilometre | 40,739 international-$ in 2021 prices per square kilometre | 72,195 international-$ in 2021 prices per square kilometre | 10 |
| 1980s | 87,411 international-$ in 2021 prices per square kilometre | 75,605 international-$ in 2021 prices per square kilometre | 103,519 international-$ in 2021 prices per square kilometre | 10 |
| 1990s | 106,295 international-$ in 2021 prices per square kilometre | 96,768 international-$ in 2021 prices per square kilometre | 127,797 international-$ in 2021 prices per square kilometre | 10 |
| 2000s | 143,707 international-$ in 2021 prices per square kilometre | 128,740 international-$ in 2021 prices per square kilometre | 168,692 international-$ in 2021 prices per square kilometre | 10 |
| 2010s | 173,592 international-$ in 2021 prices per square kilometre | 156,077 international-$ in 2021 prices per square kilometre | 211,457 international-$ in 2021 prices per square kilometre | 10 |
| 2020s | 219,694 international-$ in 2021 prices per square kilometre | 198,155 international-$ in 2021 prices per square kilometre | 242,907 international-$ in 2021 prices per square kilometre | 4 |
Countries ranked near Iceland
- 148 Paraguay 259,356 international-$ in 2021 prices per square kilometre compare
- 149 Kazakhstan 258,234 international-$ in 2021 prices per square kilometre compare
- 150 Canada 246,389 international-$ in 2021 prices per square kilometre compare
- 152 Australia 221,227 international-$ in 2021 prices per square kilometre compare
- 153 Belize 213,555 international-$ in 2021 prices per square kilometre compare
- 154 Guinea 208,024 international-$ in 2021 prices 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per square kilometre in Iceland?
- Gross domestic product (gdp), per square kilometre in Iceland was 242,907 international-$ in 2021 prices per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per square kilometre recorded in Iceland?
- The highest recorded value was 242,907 international-$ in 2021 prices per square kilometre in 2023.
- What is the lowest gross domestic product (gdp), per square kilometre recorded in Iceland?
- The lowest recorded value was 26,472 international-$ in 2021 prices per square kilometre in 1961.
- How does Iceland rank for gross domestic product (gdp), per square kilometre?
- Iceland ranks 151st out of 181 countries with data for 2023.
- Is gross domestic product (gdp), per square kilometre rising or falling in Iceland?
- Over the last ten years it is up 48.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross domestic product (GDP), per square kilometre. 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 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) ÷ Land area (sq. km)
Computed from
- Gross domestic product (GDP) Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data
- 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) 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.