Gross Domestic Product — Value Standard Local Currency, per capita in Iceland
Iceland: Gross Domestic Product — Value Standard Local Currency, per capita was 11.9 million SLC per person in 2024. ◆ Volatile
Gross Domestic Product — Value Standard Local Currency, per capita in Iceland, 1970–2024
Source: Statizoid (derived). Measured in million SLC per person.
Analysis
The most recent figure for gross domestic product — value standard local currency, per capita in Iceland is 11.9 million SLC per person, measured in 2024. That is the highest value across all 55 years on record.
That represents a change of up 6.2% on the previous year and up 86.7% over ten years.
Over the whole period, gross domestic product — value standard local currency, per capita in Iceland peaked at 11.9 million SLC per person in 2024 and was at its lowest, 0.0023 million SLC per person, in 1970.
Iceland ranks 13th of 192 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, per capita in Iceland, year by year
| Year | million SLC per person | Change |
|---|---|---|
| 1970 | 0.0023 million SLC per person | — |
| 1971 | 0.0029 million SLC per person | +26.2% |
| 1972 | 0.0035 million SLC per person | +23.8% |
| 1973 | 0.0049 million SLC per person | +38.3% |
| 1974 | 0.007 million SLC per person | +43.6% |
| 1975 | 0.0099 million SLC per person | +41.0% |
| 1976 | 0.0138 million SLC per person | +39.3% |
| 1977 | 0.0198 million SLC per person | +43.3% |
| 1978 | 0.0305 million SLC per person | +53.8% |
| 1979 | 0.0446 million SLC per person | +46.3% |
| 1980 | 0.0711 million SLC per person | +59.5% |
| 1981 | 0.1094 million SLC per person | +53.8% |
| 1982 | 0.1694 million SLC per person | +54.9% |
| 1983 | 0.29 million SLC per person | +71.2% |
| 1984 | 0.379 million SLC per person | +30.7% |
| 1985 | 0.5131 million SLC per person | +35.4% |
| 1986 | 0.6744 million SLC per person | +31.4% |
| 1987 | 0.8684 million SLC per person | +28.8% |
| 1988 | 1.05 million SLC per person | +21.1% |
| 1989 | 1.28 million SLC per person | +21.7% |
| 1990 | 1.48 million SLC per person | +15.6% |
| 1991 | 1.58 million SLC per person | +6.9% |
| 1992 | 1.56 million SLC per person | -1.3% |
| 1993 | 1.59 million SLC per person | +2.1% |
| 1994 | 1.68 million SLC per person | +5.4% |
| 1995 | 1.72 million SLC per person | +2.6% |
| 1996 | 1.84 million SLC per person | +6.6% |
| 1997 | 1.98 million SLC per person | +7.8% |
| 1998 | 2.2 million SLC per person | +11.2% |
| 1999 | 2.34 million SLC per person | +6.4% |
| 2000 | 2.52 million SLC per person | +7.7% |
| 2001 | 2.82 million SLC per person | +11.6% |
| 2002 | 2.97 million SLC per person | +5.5% |
| 2003 | 3.03 million SLC per person | +1.9% |
| 2004 | 3.32 million SLC per person | +9.7% |
| 2005 | 3.58 million SLC per person | +7.7% |
| 2006 | 4.03 million SLC per person | +12.8% |
| 2007 | 4.45 million SLC per person | +10.3% |
| 2008 | 5.01 million SLC per person | +12.5% |
| 2009 | 5.11 million SLC per person | +2.0% |
| 2010 | 5.29 million SLC per person | +3.5% |
| 2011 | 5.53 million SLC per person | +4.7% |
| 2012 | 5.75 million SLC per person | +4.0% |
| 2013 | 6.09 million SLC per person | +5.8% |
| 2014 | 6.37 million SLC per person | +4.7% |
| 2015 | 6.99 million SLC per person | +9.6% |
| 2016 | 7.49 million SLC per person | +7.2% |
| 2017 | 7.69 million SLC per person | +2.7% |
| 2018 | 8.06 million SLC per person | +4.8% |
| 2019 | 8.39 million SLC per person | +4.1% |
| 2020 | 7.99 million SLC per person | -4.8% |
| 2021 | 8.8 million SLC per person | +10.1% |
| 2022 | 10.19 million SLC per person | +15.7% |
| 2023 | 11.2 million SLC per person | +10.0% |
| 2024 | 11.9 million SLC per person | +6.2% |
Iceland compared with similar countries
- Iceland's 11.9 million SLC per person is above the median for high income countries, which is 0.0694 million SLC per person, 171.4× the median. (72 countries reporting)
- Iceland's 11.9 million SLC per person is above the median for Europe & Central Asia, which is 0.0541 million SLC per person, 219.9× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross Domestic Product — Value Standard Local Currency, per capita in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +71.2% | 0.1694 million SLC per person | 0.29 million SLC per person |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0139 million SLC per person | 0.0023 million SLC per person | 0.0446 million SLC per person | 10 |
| 1980s | 0.5406 million SLC per person | 0.0711 million SLC per person | 1.28 million SLC per person | 10 |
| 1990s | 1.8 million SLC per person | 1.48 million SLC per person | 2.34 million SLC per person | 10 |
| 2000s | 3.68 million SLC per person | 2.52 million SLC per person | 5.11 million SLC per person | 10 |
| 2010s | 6.77 million SLC per person | 5.29 million SLC per person | 8.39 million SLC per person | 10 |
| 2020s | 10.02 million SLC per person | 7.99 million SLC per person | 11.9 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, per capita in Iceland?
- Gross domestic product — value standard local currency, per capita in Iceland was 11.9 million SLC per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, per capita recorded in Iceland?
- The highest recorded value was 11.9 million SLC per person in 2024.
- What is the lowest gross domestic product — value standard local currency, per capita recorded in Iceland?
- The lowest recorded value was 0.0023 million SLC per person in 1970.
- How does Iceland rank for gross domestic product — value standard local currency, per capita?
- Iceland ranks 13th out of 192 countries with data for 2024.
- Is gross domestic product — value standard local currency, per capita rising or falling in Iceland?
- Over the last ten years it is up 86.7%. 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 — Value Standard Local Currency, 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 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 ÷ Population, total
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.