Gross Domestic Product — Value Standard Local Currency, 2015 prices in Iceland
Iceland: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 7.97 million SLC per person in 2024. ▲ Rising
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Iceland, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
In 2024, gross domestic product — value standard local currency, 2015 prices in Iceland stood at 7.97 million SLC per person. That is the highest value across all 55 years on record.
The figure is up 0.3% on the previous year and up 18.0% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Iceland peaked at 7.97 million SLC per person in 2024 and was at its lowest, 2.4 million SLC per person, in 1970.
That places Iceland 12th out of 194 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 55 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Iceland, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 2.4 million SLC per person | — |
| 1971 | 2.7 million SLC per person | +12.2% |
| 1972 | 2.82 million SLC per person | +4.6% |
| 1973 | 2.97 million SLC per person | +5.2% |
| 1974 | 3.09 million SLC per person | +4.3% |
| 1975 | 3.07 million SLC per person | -0.6% |
| 1976 | 3.23 million SLC per person | +4.9% |
| 1977 | 3.48 million SLC per person | +8.0% |
| 1978 | 3.67 million SLC per person | +5.2% |
| 1979 | 3.81 million SLC per person | +3.8% |
| 1980 | 3.98 million SLC per person | +4.6% |
| 1981 | 4.11 million SLC per person | +3.1% |
| 1982 | 4.14 million SLC per person | +0.8% |
| 1983 | 4 million SLC per person | -3.4% |
| 1984 | 4.12 million SLC per person | +3.0% |
| 1985 | 4.22 million SLC per person | +2.5% |
| 1986 | 4.45 million SLC per person | +5.5% |
| 1987 | 4.78 million SLC per person | +7.4% |
| 1988 | 4.7 million SLC per person | -1.6% |
| 1989 | 4.65 million SLC per person | -1.0% |
| 1990 | 4.67 million SLC per person | +0.4% |
| 1991 | 4.61 million SLC per person | -1.4% |
| 1992 | 4.4 million SLC per person | -4.6% |
| 1993 | 4.41 million SLC per person | +0.3% |
| 1994 | 4.53 million SLC per person | +2.7% |
| 1995 | 4.51 million SLC per person | -0.4% |
| 1996 | 4.69 million SLC per person | +4.0% |
| 1997 | 4.92 million SLC per person | +4.9% |
| 1998 | 5.23 million SLC per person | +6.2% |
| 1999 | 5.37 million SLC per person | +2.8% |
| 2000 | 5.56 million SLC per person | +3.6% |
| 2001 | 5.71 million SLC per person | +2.6% |
| 2002 | 5.69 million SLC per person | -0.3% |
| 2003 | 5.77 million SLC per person | +1.4% |
| 2004 | 6.17 million SLC per person | +6.9% |
| 2005 | 6.44 million SLC per person | +4.5% |
| 2006 | 6.69 million SLC per person | +3.9% |
| 2007 | 7.08 million SLC per person | +5.7% |
| 2008 | 7.1 million SLC per person | +0.3% |
| 2009 | 6.53 million SLC per person | -8.0% |
| 2010 | 6.36 million SLC per person | -2.7% |
| 2011 | 6.46 million SLC per person | +1.5% |
| 2012 | 6.49 million SLC per person | +0.5% |
| 2013 | 6.72 million SLC per person | +3.6% |
| 2014 | 6.76 million SLC per person | +0.6% |
| 2015 | 6.99 million SLC per person | +3.4% |
| 2016 | 7.32 million SLC per person | +4.8% |
| 2017 | 7.45 million SLC per person | +1.8% |
| 2018 | 7.61 million SLC per person | +2.1% |
| 2019 | 7.58 million SLC per person | -0.4% |
| 2020 | 6.94 million SLC per person | -8.4% |
| 2021 | 7.19 million SLC per person | +3.5% |
| 2022 | 7.64 million SLC per person | +6.3% |
| 2023 | 7.95 million SLC per person | +4.0% |
| 2024 | 7.97 million SLC per person | +0.3% |
Iceland compared with similar countries
- Iceland's 7.97 million SLC per person is above the median for high income countries, which is 0.0532 million SLC per person, 150.0× the median. (73 countries reporting)
- Iceland's 7.97 million SLC per person is above the median for Europe & Central Asia, which is 0.0411 million SLC per person, 193.9× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3.12 million SLC per person | 2.4 million SLC per person | 3.81 million SLC per person | 10 |
| 1980s | 4.31 million SLC per person | 3.98 million SLC per person | 4.78 million SLC per person | 10 |
| 1990s | 4.73 million SLC per person | 4.4 million SLC per person | 5.37 million SLC per person | 10 |
| 2000s | 6.28 million SLC per person | 5.56 million SLC per person | 7.1 million SLC per person | 10 |
| 2010s | 6.97 million SLC per person | 6.36 million SLC per person | 7.61 million SLC per person | 10 |
| 2020s | 7.54 million SLC per person | 6.94 million SLC per person | 7.97 million SLC per person | 5 |
Countries ranked near Iceland
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 — value standard local currency, 2015 prices in Iceland?
- Gross domestic product — value standard local currency, 2015 prices in Iceland was 7.97 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, 2015 prices recorded in Iceland?
- The highest recorded value was 7.97 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Iceland?
- The lowest recorded value was 2.4 million SLC per person in 1970.
- How does Iceland rank for gross domestic product — value standard local currency, 2015 prices?
- Iceland ranks 12th out of 194 countries with data for 2024.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Iceland?
- Over the last ten years it is up 18.0%. 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 — Value Standard Local Currency, 2015 prices, per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross Domestic Product — Value Standard Local Currency, 2015 prices 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 — Value Standard Local Currency, 2015 prices ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- 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 — Value Standard Local Currency, 2015 prices divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.