Gross Domestic Product — Value Standard Local Currency, 2015 prices in Iceland
Iceland: Gross Domestic Product — Value Standard Local Currency, 2015 prices was 30.41 million SLC per square kilometre in 2023. ▲ Rising
Latest (2023)
30.41 million SLC per square kilometre
Change on year
up 5.0%
World rank
60th
of 194 countries
All-time high
30.41 million SLC per square kilometre
in 2023
All-time low
4.9 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
The most recent figure for gross domestic product — value standard local currency, 2015 prices in Iceland is 30.41 million SLC per square kilometre, measured in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 5.0% on the previous year and up 40.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, 2015 prices in Iceland peaked at 30.41 million SLC per square kilometre in 2023 and was at its lowest, 4.9 million SLC per square kilometre, in 1970.
That places Iceland 60th out of 194 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 54 years of available data.
Gross Domestic Product — Value Standard Local Currency, 2015 prices in Iceland, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 4.9 million SLC per square kilometre | — |
| 1971 | 5.54 million SLC per square kilometre | +13.1% |
| 1972 | 5.88 million SLC per square kilometre | +6.2% |
| 1973 | 6.28 million SLC per square kilometre | +6.8% |
| 1974 | 6.64 million SLC per square kilometre | +5.7% |
| 1975 | 6.69 million SLC per square kilometre | +0.6% |
| 1976 | 7.08 million SLC per square kilometre | +6.0% |
| 1977 | 7.71 million SLC per square kilometre | +8.8% |
| 1978 | 8.17 million SLC per square kilometre | +6.0% |
| 1979 | 8.57 million SLC per square kilometre | +4.9% |
| 1980 | 9.06 million SLC per square kilometre | +5.7% |
| 1981 | 9.45 million SLC per square kilometre | +4.3% |
| 1982 | 9.65 million SLC per square kilometre | +2.2% |
| 1983 | 9.45 million SLC per square kilometre | -2.2% |
| 1984 | 9.84 million SLC per square kilometre | +4.1% |
| 1985 | 10.16 million SLC per square kilometre | +3.3% |
| 1986 | 10.8 million SLC per square kilometre | +6.3% |
| 1987 | 11.72 million SLC per square kilometre | +8.5% |
| 1988 | 11.71 million SLC per square kilometre | -0.1% |
| 1989 | 11.74 million SLC per square kilometre | +0.3% |
| 1990 | 11.88 million SLC per square kilometre | +1.2% |
| 1991 | 11.85 million SLC per square kilometre | -0.2% |
| 1992 | 11.45 million SLC per square kilometre | -3.4% |
| 1993 | 11.6 million SLC per square kilometre | +1.3% |
| 1994 | 12.02 million SLC per square kilometre | +3.6% |
| 1995 | 12.03 million SLC per square kilometre | +0.1% |
| 1996 | 12.58 million SLC per square kilometre | +4.6% |
| 1997 | 13.31 million SLC per square kilometre | +5.8% |
| 1998 | 14.29 million SLC per square kilometre | +7.4% |
| 1999 | 14.87 million SLC per square kilometre | +4.0% |
| 2000 | 15.61 million SLC per square kilometre | +5.0% |
| 2001 | 16.23 million SLC per square kilometre | +4.0% |
| 2002 | 16.32 million SLC per square kilometre | +0.6% |
| 2003 | 16.67 million SLC per square kilometre | +2.1% |
| 2004 | 17.97 million SLC per square kilometre | +7.8% |
| 2005 | 19.07 million SLC per square kilometre | +6.1% |
| 2006 | 20.28 million SLC per square kilometre | +6.3% |
| 2007 | 21.99 million SLC per square kilometre | +8.5% |
| 2008 | 22.48 million SLC per square kilometre | +2.2% |
| 2009 | 20.76 million SLC per square kilometre | -7.7% |
| 2010 | 20.17 million SLC per square kilometre | -2.8% |
| 2011 | 20.54 million SLC per square kilometre | +1.8% |
| 2012 | 20.76 million SLC per square kilometre | +1.1% |
| 2013 | 21.71 million SLC per square kilometre | +4.6% |
| 2014 | 22.07 million SLC per square kilometre | +1.7% |
| 2015 | 23.05 million SLC per square kilometre | +4.4% |
| 2016 | 24.5 million SLC per square kilometre | +6.3% |
| 2017 | 25.53 million SLC per square kilometre | +4.2% |
| 2018 | 26.63 million SLC per square kilometre | +4.3% |
| 2019 | 27.12 million SLC per square kilometre | +1.9% |
| 2020 | 25.24 million SLC per square kilometre | -6.9% |
| 2021 | 26.57 million SLC per square kilometre | +5.3% |
| 2022 | 28.95 million SLC per square kilometre | +9.0% |
| 2023 | 30.41 million SLC per square kilometre | +5.0% |
Iceland compared with similar countries
- Iceland's 30.41 million SLC per square kilometre is above the median for high income countries, which is 9.64 million SLC per square kilometre, 3.2× the median. (73 countries reporting)
- Iceland's 30.41 million SLC per square kilometre is above the median for Europe & Central Asia, which is 4.95 million SLC per square kilometre, 6.1× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6.75 million SLC per square kilometre | 4.9 million SLC per square kilometre | 8.57 million SLC per square kilometre | 10 |
| 1980s | 10.36 million SLC per square kilometre | 9.06 million SLC per square kilometre | 11.74 million SLC per square kilometre | 10 |
| 1990s | 12.59 million SLC per square kilometre | 11.45 million SLC per square kilometre | 14.87 million SLC per square kilometre | 10 |
| 2000s | 18.74 million SLC per square kilometre | 15.61 million SLC per square kilometre | 22.48 million SLC per square kilometre | 10 |
| 2010s | 23.21 million SLC per square kilometre | 20.17 million SLC per square kilometre | 27.12 million SLC per square kilometre | 10 |
| 2020s | 27.79 million SLC per square kilometre | 25.24 million SLC per square kilometre | 30.41 million SLC per square kilometre | 4 |
Countries ranked near Iceland
- 57 Aruba 33.29 million SLC per square kilometre compare
- 58 Guinea-Bissau 31.9 million SLC per square kilometre compare
- 59 Thailand 30.73 million SLC per square kilometre compare
- 61 Djibouti 27.39 million SLC per square kilometre compare
- 62 Trinidad and Tobago 27.08 million SLC per square kilometre compare
- 63 Syria 26.38 million SLC 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 — value standard local currency, 2015 prices in Iceland?
- Gross domestic product — value standard local currency, 2015 prices in Iceland was 30.41 million SLC per square kilometre in 2023, 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 30.41 million SLC per square kilometre in 2023.
- What is the lowest gross domestic product — value standard local currency, 2015 prices recorded in Iceland?
- The lowest recorded value was 4.9 million SLC per square kilometre in 1970.
- How does Iceland rank for gross domestic product — value standard local currency, 2015 prices?
- Iceland ranks 60th out of 194 countries with data for 2023.
- Is gross domestic product — value standard local currency, 2015 prices rising or falling in Iceland?
- Over the last ten years it is up 40.1%. 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 square kilometre. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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 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 — Value Standard Local Currency, 2015 prices ÷ Land area (sq. km)
Computed from
- Gross Domestic Product — Value Standard Local Currency, 2015 prices Food and Agriculture Organization of the United Nations
- 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 — Value Standard Local Currency, 2015 prices 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.