Gross Domestic Product — Value Standard Local Currency, per square in Iceland
Iceland: Gross Domestic Product — Value Standard Local Currency, per square was 42.86 million SLC per square kilometre in 2023. ◆ Volatile
Latest (2023)
42.86 million SLC per square kilometre
Change on year
up 11.0%
World rank
63rd
of 192 countries
All-time high
42.86 million SLC per square kilometre
in 2023
All-time low
0.0046 million SLC per square kilometre
in 1970
Years of data
54
1970–2023
Gross Domestic Product — Value Standard Local Currency, per square in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million SLC per square kilometre.
Analysis
In 2023, gross domestic product — value standard local currency, per square in Iceland stood at 42.86 million SLC per square kilometre. That is the highest value across all 54 years on record.
The figure is up 11.0% on the previous year and up 118.1% over ten years.
Over the whole period, gross domestic product — value standard local currency, per square in Iceland peaked at 42.86 million SLC per square kilometre in 2023 and was at its lowest, 0.0046 million SLC per square kilometre, in 1970.
Iceland ranks 63rd of 192 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value Standard Local Currency, per square in Iceland, year by year
| Year | million SLC per square kilometre | Change |
|---|---|---|
| 1970 | 0.0046 million SLC per square kilometre | — |
| 1971 | 0.0059 million SLC per square kilometre | +27.3% |
| 1972 | 0.0074 million SLC per square kilometre | +25.6% |
| 1973 | 0.0104 million SLC per square kilometre | +40.4% |
| 1974 | 0.0151 million SLC per square kilometre | +45.5% |
| 1975 | 0.0216 million SLC per square kilometre | +42.8% |
| 1976 | 0.0303 million SLC per square kilometre | +40.6% |
| 1977 | 0.0438 million SLC per square kilometre | +44.4% |
| 1978 | 0.0679 million SLC per square kilometre | +55.0% |
| 1979 | 0.1004 million SLC per square kilometre | +47.7% |
| 1980 | 0.1618 million SLC per square kilometre | +61.2% |
| 1981 | 0.2517 million SLC per square kilometre | +55.5% |
| 1982 | 0.3951 million SLC per square kilometre | +57.0% |
| 1983 | 0.6854 million SLC per square kilometre | +73.5% |
| 1984 | 0.9056 million SLC per square kilometre | +32.1% |
| 1985 | 1.24 million SLC per square kilometre | +36.4% |
| 1986 | 1.64 million SLC per square kilometre | +32.4% |
| 1987 | 2.13 million SLC per square kilometre | +30.2% |
| 1988 | 2.62 million SLC per square kilometre | +23.0% |
| 1989 | 3.23 million SLC per square kilometre | +23.2% |
| 1990 | 3.76 million SLC per square kilometre | +16.5% |
| 1991 | 4.07 million SLC per square kilometre | +8.1% |
| 1992 | 4.06 million SLC per square kilometre | -0.0% |
| 1993 | 4.19 million SLC per square kilometre | +3.2% |
| 1994 | 4.46 million SLC per square kilometre | +6.3% |
| 1995 | 4.6 million SLC per square kilometre | +3.1% |
| 1996 | 4.93 million SLC per square kilometre | +7.2% |
| 1997 | 5.35 million SLC per square kilometre | +8.7% |
| 1998 | 6.02 million SLC per square kilometre | +12.4% |
| 1999 | 6.48 million SLC per square kilometre | +7.7% |
| 2000 | 7.08 million SLC per square kilometre | +9.2% |
| 2001 | 8 million SLC per square kilometre | +13.1% |
| 2002 | 8.52 million SLC per square kilometre | +6.5% |
| 2003 | 8.75 million SLC per square kilometre | +2.6% |
| 2004 | 9.68 million SLC per square kilometre | +10.7% |
| 2005 | 10.59 million SLC per square kilometre | +9.4% |
| 2006 | 12.23 million SLC per square kilometre | +15.5% |
| 2007 | 13.83 million SLC per square kilometre | +13.2% |
| 2008 | 15.86 million SLC per square kilometre | +14.6% |
| 2009 | 16.22 million SLC per square kilometre | +2.3% |
| 2010 | 16.77 million SLC per square kilometre | +3.4% |
| 2011 | 17.61 million SLC per square kilometre | +5.0% |
| 2012 | 18.41 million SLC per square kilometre | +4.5% |
| 2013 | 19.65 million SLC per square kilometre | +6.8% |
| 2014 | 20.81 million SLC per square kilometre | +5.9% |
| 2015 | 23.05 million SLC per square kilometre | +10.8% |
| 2016 | 25.06 million SLC per square kilometre | +8.7% |
| 2017 | 26.35 million SLC per square kilometre | +5.2% |
| 2018 | 28.21 million SLC per square kilometre | +7.0% |
| 2019 | 30.01 million SLC per square kilometre | +6.4% |
| 2020 | 29.05 million SLC per square kilometre | -3.2% |
| 2021 | 32.53 million SLC per square kilometre | +12.0% |
| 2022 | 38.6 million SLC per square kilometre | +18.7% |
| 2023 | 42.86 million SLC per square kilometre | +11.0% |
Iceland compared with similar countries
- Iceland's 42.86 million SLC per square kilometre is above the median for high income countries, which is 11.61 million SLC per square kilometre, 3.7× the median. (72 countries reporting)
- Iceland's 42.86 million SLC per square kilometre is above the median for Europe & Central Asia, which is 7.43 million SLC per square kilometre, 5.8× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0307 million SLC per square kilometre | 0.0046 million SLC per square kilometre | 0.1004 million SLC per square kilometre | 10 |
| 1980s | 1.32 million SLC per square kilometre | 0.1618 million SLC per square kilometre | 3.23 million SLC per square kilometre | 10 |
| 1990s | 4.79 million SLC per square kilometre | 3.76 million SLC per square kilometre | 6.48 million SLC per square kilometre | 10 |
| 2000s | 11.08 million SLC per square kilometre | 7.08 million SLC per square kilometre | 16.22 million SLC per square kilometre | 10 |
| 2010s | 22.59 million SLC per square kilometre | 16.77 million SLC per square kilometre | 30.01 million SLC per square kilometre | 10 |
| 2020s | 35.76 million SLC per square kilometre | 29.05 million SLC per square kilometre | 42.86 million SLC per square kilometre | 4 |
Countries ranked near Iceland
- 60 Liechtenstein 44.73 million SLC per square kilometre compare
- 61 Kazakhstan 44.66 million SLC per square kilometre compare
- 62 Mongolia 44.19 million SLC per square kilometre compare
- 64 Guinea-Bissau 39.72 million SLC per square kilometre compare
- 65 Nepal 37.31 million SLC per square kilometre compare
- 66 Aruba 36.28 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, per square in Iceland?
- Gross domestic product — value standard local currency, per square in Iceland was 42.86 million SLC per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross domestic product — value standard local currency, per square recorded in Iceland?
- The highest recorded value was 42.86 million SLC per square kilometre in 2023.
- What is the lowest gross domestic product — value standard local currency, per square recorded in Iceland?
- The lowest recorded value was 0.0046 million SLC per square kilometre in 1970.
- How does Iceland rank for gross domestic product — value standard local currency, per square?
- Iceland ranks 63rd out of 192 countries with data for 2023.
- Is gross domestic product — value standard local currency, per square rising or falling in Iceland?
- Over the last ten years it is up 118.1%. 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 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 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 ÷ Land area (sq. km)
Computed from
- Gross Domestic Product — Value Standard Local Currency 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 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.