Gross domestic product (GDP), per unit of GDP (Bolt) in Iceland
Iceland: Gross domestic product (GDP), per unit of GDP (Bolt) was 0.5491 international-$ in 2011 prices per US$ of GDP in 2022. ◆ Volatile
Latest (2022)
0.5491 international-$ in 2011 prices per US$ of GDP
Change on year
down 4.3%
World rank
161st
of 163 countries
All-time high
7.38 international-$ in 2011 prices per US$ of GDP
in 1960
All-time low
0.5491 international-$ in 2011 prices per US$ of GDP
in 2022
Years of data
63
1960–2022
Gross domestic product (GDP), per unit of GDP in Iceland, 1960–2022
Source: Statizoid (derived). Measured in international-$ in 2011 prices per US$ of GDP.
Analysis
Iceland recorded 0.5491 international-$ in 2011 prices per US$ of GDP for gross domestic product (gdp), per unit of gdp in 2022. That is the lowest value across all 63 years on record.
That represents a change of down 4.3% on the previous year and down 30.7% over ten years.
Over the whole period, gross domestic product (gdp), per unit of gdp in Iceland peaked at 7.38 international-$ in 2011 prices per US$ of GDP in 1960 and was at its lowest, 0.5491 international-$ in 2011 prices per US$ of GDP, in 2022.
Iceland ranks 161st of 163 countries on this measure, 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 unit of GDP (Bolt) in Iceland, year by year
| Year | international-$ in 2011 prices per US$ of GDP | Change |
|---|---|---|
| 1960 | 7.38 international-$ in 2011 prices per US$ of GDP | — |
| 1961 | 7.2 international-$ in 2011 prices per US$ of GDP | -2.6% |
| 1962 | 6.96 international-$ in 2011 prices per US$ of GDP | -3.3% |
| 1963 | 6.42 international-$ in 2011 prices per US$ of GDP | -7.7% |
| 1964 | 5.54 international-$ in 2011 prices per US$ of GDP | -13.7% |
| 1965 | 4.93 international-$ in 2011 prices per US$ of GDP | -11.1% |
| 1966 | 4.46 international-$ in 2011 prices per US$ of GDP | -9.5% |
| 1967 | 4.46 international-$ in 2011 prices per US$ of GDP | -0.0% |
| 1968 | 5.51 international-$ in 2011 prices per US$ of GDP | +23.6% |
| 1969 | 6.46 international-$ in 2011 prices per US$ of GDP | +17.3% |
| 1970 | 5.55 international-$ in 2011 prices per US$ of GDP | -14.1% |
| 1971 | 4.93 international-$ in 2011 prices per US$ of GDP | -11.1% |
| 1972 | 4.18 international-$ in 2011 prices per US$ of GDP | -15.2% |
| 1973 | 3.25 international-$ in 2011 prices per US$ of GDP | -22.3% |
| 1974 | 2.62 international-$ in 2011 prices per US$ of GDP | -19.5% |
| 1975 | 2.84 international-$ in 2011 prices per US$ of GDP | +8.4% |
| 1976 | 2.53 international-$ in 2011 prices per US$ of GDP | -10.7% |
| 1977 | 2.08 international-$ in 2011 prices per US$ of GDP | -17.7% |
| 1978 | 1.94 international-$ in 2011 prices per US$ of GDP | -6.8% |
| 1979 | 1.79 international-$ in 2011 prices per US$ of GDP | -7.7% |
| 1980 | 1.6 international-$ in 2011 prices per US$ of GDP | -10.8% |
| 1981 | 1.61 international-$ in 2011 prices per US$ of GDP | +0.9% |
| 1982 | 1.8 international-$ in 2011 prices per US$ of GDP | +11.3% |
| 1983 | 2.04 international-$ in 2011 prices per US$ of GDP | +13.4% |
| 1984 | 2.05 international-$ in 2011 prices per US$ of GDP | +0.5% |
| 1985 | 2.03 international-$ in 2011 prices per US$ of GDP | -0.8% |
| 1986 | 1.61 international-$ in 2011 prices per US$ of GDP | -20.5% |
| 1987 | 1.27 international-$ in 2011 prices per US$ of GDP | -21.6% |
| 1988 | 1.14 international-$ in 2011 prices per US$ of GDP | -9.7% |
| 1989 | 1.23 international-$ in 2011 prices per US$ of GDP | +7.8% |
| 1990 | 1.09 international-$ in 2011 prices per US$ of GDP | -11.3% |
| 1991 | 1.02 international-$ in 2011 prices per US$ of GDP | -6.9% |
| 1992 | 0.9567 international-$ in 2011 prices per US$ of GDP | -6.1% |
| 1993 | 1.1 international-$ in 2011 prices per US$ of GDP | +14.9% |
| 1994 | 1.1 international-$ in 2011 prices per US$ of GDP | +0.4% |
| 1995 | 0.9876 international-$ in 2011 prices per US$ of GDP | -10.6% |
| 1996 | 0.989 international-$ in 2011 prices per US$ of GDP | +0.1% |
| 1997 | 1.05 international-$ in 2011 prices per US$ of GDP | +6.2% |
| 1998 | 0.9965 international-$ in 2011 prices per US$ of GDP | -5.2% |
| 1999 | 0.9794 international-$ in 2011 prices per US$ of GDP | -1.7% |
| 2000 | 1.02 international-$ in 2011 prices per US$ of GDP | +4.0% |
| 2001 | 1.16 international-$ in 2011 prices per US$ of GDP | +13.6% |
| 2002 | 1.02 international-$ in 2011 prices per US$ of GDP | -11.7% |
| 2003 | 0.8483 international-$ in 2011 prices per US$ of GDP | -17.0% |
| 2004 | 0.7585 international-$ in 2011 prices per US$ of GDP | -10.6% |
| 2005 | 0.6536 international-$ in 2011 prices per US$ of GDP | -13.8% |
| 2006 | 0.6664 international-$ in 2011 prices per US$ of GDP | +2.0% |
| 2007 | 0.5828 international-$ in 2011 prices per US$ of GDP | -12.5% |
| 2008 | 0.7141 international-$ in 2011 prices per US$ of GDP | +22.5% |
| 2009 | 0.9106 international-$ in 2011 prices per US$ of GDP | +27.5% |
| 2010 | 0.8283 international-$ in 2011 prices per US$ of GDP | -9.0% |
| 2011 | 0.7611 international-$ in 2011 prices per US$ of GDP | -8.1% |
| 2012 | 0.7924 international-$ in 2011 prices per US$ of GDP | +4.1% |
| 2013 | 0.7621 international-$ in 2011 prices per US$ of GDP | -3.8% |
| 2014 | 0.6974 international-$ in 2011 prices per US$ of GDP | -8.5% |
| 2015 | 0.7428 international-$ in 2011 prices per US$ of GDP | +6.5% |
| 2016 | 0.6629 international-$ in 2011 prices per US$ of GDP | -10.8% |
| 2017 | 0.5811 international-$ in 2011 prices per US$ of GDP | -12.3% |
| 2018 | 0.5726 international-$ in 2011 prices per US$ of GDP | -1.5% |
| 2019 | 0.6224 international-$ in 2011 prices per US$ of GDP | +8.7% |
| 2020 | 0.6546 international-$ in 2011 prices per US$ of GDP | +5.2% |
| 2021 | 0.5737 international-$ in 2011 prices per US$ of GDP | -12.4% |
| 2022 | 0.5491 international-$ in 2011 prices per US$ of GDP | -4.3% |
Iceland compared with similar countries
- Iceland's 0.5491 international-$ in 2011 prices per US$ of GDP is below the median for high income countries, which is 1.07 international-$ in 2011 prices per US$ of GDP, 51% of the median. (55 countries reporting)
- Iceland's 0.5491 international-$ in 2011 prices per US$ of GDP is below the median for Europe & Central Asia, which is 1.32 international-$ in 2011 prices per US$ of GDP, 41% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.93 international-$ in 2011 prices per US$ of GDP | 4.46 international-$ in 2011 prices per US$ of GDP | 7.38 international-$ in 2011 prices per US$ of GDP | 10 |
| 1970s | 3.17 international-$ in 2011 prices per US$ of GDP | 1.79 international-$ in 2011 prices per US$ of GDP | 5.55 international-$ in 2011 prices per US$ of GDP | 10 |
| 1980s | 1.64 international-$ in 2011 prices per US$ of GDP | 1.14 international-$ in 2011 prices per US$ of GDP | 2.05 international-$ in 2011 prices per US$ of GDP | 10 |
| 1990s | 1.03 international-$ in 2011 prices per US$ of GDP | 0.9567 international-$ in 2011 prices per US$ of GDP | 1.1 international-$ in 2011 prices per US$ of GDP | 10 |
| 2000s | 0.8332 international-$ in 2011 prices per US$ of GDP | 0.5828 international-$ in 2011 prices per US$ of GDP | 1.16 international-$ in 2011 prices per US$ of GDP | 10 |
| 2010s | 0.7023 international-$ in 2011 prices per US$ of GDP | 0.5726 international-$ in 2011 prices per US$ of GDP | 0.8283 international-$ in 2011 prices per US$ of GDP | 10 |
| 2020s | 0.5924 international-$ in 2011 prices per US$ of GDP | 0.5491 international-$ in 2011 prices per US$ of GDP | 0.6546 international-$ in 2011 prices per US$ of GDP | 3 |
Countries ranked near Iceland
- 158 Israel 0.6412 international-$ in 2011 prices per US$ of GDP compare
- 159 Zimbabwe 0.6355 international-$ in 2011 prices per US$ of GDP compare
- 160 Ireland 0.5624 international-$ in 2011 prices per US$ of GDP compare
- 162 Barbados 0.4949 international-$ in 2011 prices per US$ of GDP compare
- 163 Luxembourg 0.4471 international-$ in 2011 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)
- 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 unit of gdp in Iceland?
- Gross domestic product (gdp), per unit of gdp in Iceland was 0.5491 international-$ in 2011 prices per US$ of GDP in 2022, according to Statizoid (derived).
- What is the highest gross domestic product (gdp), per unit of gdp recorded in Iceland?
- The highest recorded value was 7.38 international-$ in 2011 prices per US$ of GDP in 1960.
- What is the lowest gross domestic product (gdp), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.5491 international-$ in 2011 prices per US$ of GDP in 2022.
- How does Iceland rank for gross domestic product (gdp), per unit of gdp?
- Iceland ranks 161st out of 163 countries with data for 2022.
- Is gross domestic product (gdp), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 30.7%. 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 unit of GDP. 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 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) Bolt and van Zanden – Maddison Project Database 2023 – with major 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.