Gross Domestic Product — Value US$, per capita in Iceland
Iceland: Gross Domestic Product — Value US$, per capita was 0.0862 million USD per person in 2024. ◆ Volatile
Gross Domestic Product — Value US$, per capita in Iceland, 1970–2024
Source: Statizoid (derived). Measured in million USD per person.
Analysis
The most recent figure for gross domestic product — value us$, per capita in Iceland is 0.0862 million USD per person, measured in 2024. That is the highest value across all 55 years on record.
The figure is up 6.2% on the previous year and up 58.0% over ten years.
Over the whole period, gross domestic product — value us$, per capita in Iceland peaked at 0.0862 million USD per person in 2024 and was at its lowest, 0.0026 million USD per person, in 1970.
That places Iceland 10th out of 194 countries with data for 2024, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, per capita in Iceland, year by year
| Year | million USD per person | Change |
|---|---|---|
| 1970 | 0.0026 million USD per person | — |
| 1971 | 0.0033 million USD per person | +26.2% |
| 1972 | 0.004 million USD per person | +23.5% |
| 1973 | 0.0054 million USD per person | +35.4% |
| 1974 | 0.007 million USD per person | +29.5% |
| 1975 | 0.0065 million USD per person | -8.3% |
| 1976 | 0.0076 million USD per person | +17.5% |
| 1977 | 0.01 million USD per person | +31.3% |
| 1978 | 0.0112 million USD per person | +12.8% |
| 1979 | 0.0126 million USD per person | +12.5% |
| 1980 | 0.0148 million USD per person | +17.3% |
| 1981 | 0.0151 million USD per person | +2.1% |
| 1982 | 0.0137 million USD per person | -9.4% |
| 1983 | 0.0117 million USD per person | -14.9% |
| 1984 | 0.012 million USD per person | +2.5% |
| 1985 | 0.0124 million USD per person | +3.4% |
| 1986 | 0.0164 million USD per person | +32.7% |
| 1987 | 0.0225 million USD per person | +36.9% |
| 1988 | 0.0245 million USD per person | +8.9% |
| 1989 | 0.0224 million USD per person | -8.3% |
| 1990 | 0.0254 million USD per person | +13.2% |
| 1991 | 0.0268 million USD per person | +5.6% |
| 1992 | 0.0271 million USD per person | +1.2% |
| 1993 | 0.0236 million USD per person | -13.1% |
| 1994 | 0.024 million USD per person | +1.9% |
| 1995 | 0.0266 million USD per person | +10.9% |
| 1996 | 0.0276 million USD per person | +3.7% |
| 1997 | 0.0279 million USD per person | +1.1% |
| 1998 | 0.031 million USD per person | +11.1% |
| 1999 | 0.0324 million USD per person | +4.4% |
| 2000 | 0.0321 million USD per person | -0.9% |
| 2001 | 0.0289 million USD per person | -10.0% |
| 2002 | 0.0324 million USD per person | +12.2% |
| 2003 | 0.0395 million USD per person | +21.8% |
| 2004 | 0.0473 million USD per person | +19.9% |
| 2005 | 0.0568 million USD per person | +20.0% |
| 2006 | 0.0575 million USD per person | +1.2% |
| 2007 | 0.0695 million USD per person | +20.9% |
| 2008 | 0.0569 million USD per person | -18.1% |
| 2009 | 0.0413 million USD per person | -27.5% |
| 2010 | 0.0432 million USD per person | +4.7% |
| 2011 | 0.0477 million USD per person | +10.4% |
| 2012 | 0.046 million USD per person | -3.6% |
| 2013 | 0.0498 million USD per person | +8.3% |
| 2014 | 0.0546 million USD per person | +9.6% |
| 2015 | 0.053 million USD per person | -3.0% |
| 2016 | 0.062 million USD per person | +17.1% |
| 2017 | 0.072 million USD per person | +16.2% |
| 2018 | 0.0745 million USD per person | +3.4% |
| 2019 | 0.0685 million USD per person | -8.1% |
| 2020 | 0.059 million USD per person | -13.8% |
| 2021 | 0.0693 million USD per person | +17.5% |
| 2022 | 0.0753 million USD per person | +8.6% |
| 2023 | 0.0812 million USD per person | +7.8% |
| 2024 | 0.0862 million USD per person | +6.2% |
Iceland compared with similar countries
- Iceland's 0.0862 million USD per person is above the median for high income countries, which is 0.0353 million USD per person, 2.4× the median. (73 countries reporting)
- Iceland's 0.0862 million USD per person is above the median for Europe & Central Asia, which is 0.0264 million USD per person, 3.3× the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.007 million USD per person | 0.0026 million USD per person | 0.0126 million USD per person | 10 |
| 1980s | 0.0165 million USD per person | 0.0117 million USD per person | 0.0245 million USD per person | 10 |
| 1990s | 0.0272 million USD per person | 0.0236 million USD per person | 0.0324 million USD per person | 10 |
| 2000s | 0.0462 million USD per person | 0.0289 million USD per person | 0.0695 million USD per person | 10 |
| 2010s | 0.0571 million USD per person | 0.0432 million USD per person | 0.0745 million USD per person | 10 |
| 2020s | 0.0742 million USD per person | 0.059 million USD per person | 0.0862 million USD per person | 5 |
Countries ranked near Iceland
- 7 Cayman Islands 0.1014 million USD per person compare
- 8 Singapore 0.09 million USD per person compare
- 9 Norway 0.0872 million USD per person compare
- 11 United States 0.0858 million USD per person compare
- 12 Qatar 0.0762 million USD per person compare
- 13 Denmark 0.0719 million USD per person 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, per capita in Iceland?
- Gross domestic product — value us$, per capita in Iceland was 0.0862 million USD per person in 2024, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, per capita recorded in Iceland?
- The highest recorded value was 0.0862 million USD per person in 2024.
- What is the lowest gross domestic product — value us$, per capita recorded in Iceland?
- The lowest recorded value was 0.0026 million USD per person in 1970.
- How does Iceland rank for gross domestic product — value us$, per capita?
- Iceland ranks 10th out of 194 countries with data for 2024.
- Is gross domestic product — value us$, per capita rising or falling in Iceland?
- Over the last ten years it is up 58.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 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 US$ 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 US$ ÷ Population, total
Computed from
- Gross Domestic Product — Value US$ 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 US$ divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.