Gross domestic product (GDP), per unit of GDP in Iceland
Iceland: Gross domestic product (GDP), per unit of GDP was 0.6923 international-$ in 2021 prices per US$ of GDP in 2025. ▼ Falling
Gross domestic product (GDP), per unit of GDP in Iceland, 1990–2025
Source: Statizoid (derived). Measured in international-$ in 2021 prices per US$ of GDP.
Analysis
Iceland recorded 0.6923 international-$ in 2021 prices per US$ of GDP for gross domestic product (gdp), per unit of gdp in 2025. That is the lowest value across all 36 years on record.
That represents a change of down 12.9% on the previous year and down 40.1% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Iceland peaked at 1.76 international-$ in 2021 prices per US$ of GDP in 2001 and was at its lowest, 0.6923 international-$ in 2021 prices per US$ of GDP, in 2025.
That places Iceland 198th out of 198 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 36 years of available data.
Gross domestic product (GDP), per unit of GDP in Iceland, year by year
| Year | international-$ in 2021 prices per US$ of GDP | Change |
|---|---|---|
| 1990 | 1.64 international-$ in 2021 prices per US$ of GDP | — |
| 1991 | 1.53 international-$ in 2021 prices per US$ of GDP | -6.6% |
| 1992 | 1.44 international-$ in 2021 prices per US$ of GDP | -5.7% |
| 1993 | 1.67 international-$ in 2021 prices per US$ of GDP | +15.4% |
| 1994 | 1.68 international-$ in 2021 prices per US$ of GDP | +0.8% |
| 1995 | 1.51 international-$ in 2021 prices per US$ of GDP | -10.2% |
| 1996 | 1.51 international-$ in 2021 prices per US$ of GDP | +0.2% |
| 1997 | 1.57 international-$ in 2021 prices per US$ of GDP | +3.7% |
| 1998 | 1.5 international-$ in 2021 prices per US$ of GDP | -4.4% |
| 1999 | 1.48 international-$ in 2021 prices per US$ of GDP | -1.5% |
| 2000 | 1.55 international-$ in 2021 prices per US$ of GDP | +4.5% |
| 2001 | 1.76 international-$ in 2021 prices per US$ of GDP | +14.0% |
| 2002 | 1.57 international-$ in 2021 prices per US$ of GDP | -11.1% |
| 2003 | 1.3 international-$ in 2021 prices per US$ of GDP | -16.7% |
| 2004 | 1.16 international-$ in 2021 prices per US$ of GDP | -10.9% |
| 2005 | 1.01 international-$ in 2021 prices per US$ of GDP | -12.8% |
| 2006 | 1.04 international-$ in 2021 prices per US$ of GDP | +2.5% |
| 2007 | 0.9091 international-$ in 2021 prices per US$ of GDP | -12.5% |
| 2008 | 1.11 international-$ in 2021 prices per US$ of GDP | +22.4% |
| 2009 | 1.41 international-$ in 2021 prices per US$ of GDP | +26.6% |
| 2010 | 1.31 international-$ in 2021 prices per US$ of GDP | -7.2% |
| 2011 | 1.2 international-$ in 2021 prices per US$ of GDP | -8.3% |
| 2012 | 1.25 international-$ in 2021 prices per US$ of GDP | +4.2% |
| 2013 | 1.19 international-$ in 2021 prices per US$ of GDP | -4.7% |
| 2014 | 1.09 international-$ in 2021 prices per US$ of GDP | -8.3% |
| 2015 | 1.16 international-$ in 2021 prices per US$ of GDP | +5.8% |
| 2016 | 1.03 international-$ in 2021 prices per US$ of GDP | -10.8% |
| 2017 | 0.897 international-$ in 2021 prices per US$ of GDP | -12.9% |
| 2018 | 0.8819 international-$ in 2021 prices per US$ of GDP | -1.7% |
| 2019 | 0.9524 international-$ in 2021 prices per US$ of GDP | +8.0% |
| 2020 | 1.01 international-$ in 2021 prices per US$ of GDP | +5.9% |
| 2021 | 0.8906 international-$ in 2021 prices per US$ of GDP | -11.7% |
| 2022 | 0.8717 international-$ in 2021 prices per US$ of GDP | -2.1% |
| 2023 | 0.8427 international-$ in 2021 prices per US$ of GDP | -3.3% |
| 2024 | 0.7946 international-$ in 2021 prices per US$ of GDP | -5.7% |
| 2025 | 0.6923 international-$ in 2021 prices per US$ of GDP | -12.9% |
Iceland compared with similar countries
- Iceland's 0.6923 international-$ in 2021 prices per US$ of GDP is below the median for high income countries, which is 1.24 international-$ in 2021 prices per US$ of GDP, 56% of the median. (74 countries reporting)
- Iceland's 0.6923 international-$ in 2021 prices per US$ of GDP is below the median for Europe & Central Asia, which is 1.42 international-$ in 2021 prices per US$ of GDP, 49% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.55 international-$ in 2021 prices per US$ of GDP | 1.44 international-$ in 2021 prices per US$ of GDP | 1.68 international-$ in 2021 prices per US$ of GDP | 10 |
| 2000s | 1.28 international-$ in 2021 prices per US$ of GDP | 0.9091 international-$ in 2021 prices per US$ of GDP | 1.76 international-$ in 2021 prices per US$ of GDP | 10 |
| 2010s | 1.1 international-$ in 2021 prices per US$ of GDP | 0.8819 international-$ in 2021 prices per US$ of GDP | 1.31 international-$ in 2021 prices per US$ of GDP | 10 |
| 2020s | 0.85 international-$ in 2021 prices per US$ of GDP | 0.6923 international-$ in 2021 prices per US$ of GDP | 1.01 international-$ in 2021 prices per US$ of GDP | 6 |
Countries ranked near Iceland
- 195 Cayman Islands 0.7766 international-$ in 2021 prices per US$ of GDP compare
- 196 Switzerland 0.747 international-$ in 2021 prices per US$ of GDP compare
- 197 Bermuda 0.7332 international-$ in 2021 prices per US$ of GDP 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product (gdp), per unit of gdp in Iceland?
- Gross domestic product (gdp), per unit of gdp in Iceland was 0.6923 international-$ in 2021 prices per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Iceland?
- The highest recorded value was 1.76 international-$ in 2021 prices per US$ of GDP in 2001.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.6923 international-$ in 2021 prices per US$ of GDP in 2025.
- How does Iceland rank for gross domestic product (gdp), per unit of gdp?
- Iceland ranks 198th out of 198 countries with data for 2025.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 40.1%. 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), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross domestic product (GDP) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross domestic product (GDP) ÷ GDP (current US$)
Computed from
- Gross domestic product (GDP) Eurostat, OECD, IMF, and World Bank (2026) – with minor processing by Our World in Data
- 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) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.