Gross Domestic Product — Value US$ per capita in Iceland
Iceland: Gross Domestic Product — Value US$ per capita was 84,718 USD in 2024. ◆ Volatile
Gross Domestic Product — Value US$ per capita in Iceland, 1970–2024
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2024, gross domestic product — value us$ per capita in Iceland stood at 84,718 USD. That is the highest value across all 55 years on record.
Compared with earlier readings it is up 4.8% on the previous year and up 55.3% over ten years.
Over the whole period, gross domestic product — value us$ per capita in Iceland peaked at 84,718 USD in 2024 and was at its lowest, 2,576 USD, in 1970.
That places Iceland 10th out of 195 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 | USD | Change |
|---|---|---|
| 1970 | 2,576 USD | — |
| 1971 | 3,251 USD | +26.2% |
| 1972 | 4,014 USD | +23.5% |
| 1973 | 5,435 USD | +35.4% |
| 1974 | 7,039 USD | +29.5% |
| 1975 | 6,453 USD | -8.3% |
| 1976 | 7,582 USD | +17.5% |
| 1977 | 9,956 USD | +31.3% |
| 1978 | 11,235 USD | +12.8% |
| 1979 | 12,640 USD | +12.5% |
| 1980 | 14,821 USD | +17.3% |
| 1981 | 15,138 USD | +2.1% |
| 1982 | 13,713 USD | -9.4% |
| 1983 | 11,672 USD | -14.9% |
| 1984 | 11,960 USD | +2.5% |
| 1985 | 12,361 USD | +3.4% |
| 1986 | 16,406 USD | +32.7% |
| 1987 | 22,454 USD | +36.9% |
| 1988 | 24,453 USD | +8.9% |
| 1989 | 22,434 USD | -8.3% |
| 1990 | 25,384 USD | +13.1% |
| 1991 | 26,801 USD | +5.6% |
| 1992 | 27,121 USD | +1.2% |
| 1993 | 23,577 USD | -13.1% |
| 1994 | 24,016 USD | +1.9% |
| 1995 | 26,629 USD | +10.9% |
| 1996 | 27,610 USD | +3.7% |
| 1997 | 27,913 USD | +1.1% |
| 1998 | 31,023 USD | +11.1% |
| 1999 | 32,374 USD | +4.4% |
| 2000 | 32,088 USD | -0.9% |
| 2001 | 28,889 USD | -10.0% |
| 2002 | 32,400 USD | +12.2% |
| 2003 | 39,465 USD | +21.8% |
| 2004 | 47,320 USD | +19.9% |
| 2005 | 56,776 USD | +20.0% |
| 2006 | 57,476 USD | +1.2% |
| 2007 | 69,477 USD | +20.9% |
| 2008 | 56,925 USD | -18.1% |
| 2009 | 41,287 USD | -27.5% |
| 2010 | 43,221 USD | +4.7% |
| 2011 | 47,696 USD | +10.4% |
| 2012 | 45,978 USD | -3.6% |
| 2013 | 49,786 USD | +8.3% |
| 2014 | 54,556 USD | +9.6% |
| 2015 | 52,930 USD | -3.0% |
| 2016 | 61,963 USD | +17.1% |
| 2017 | 71,983 USD | +16.2% |
| 2018 | 74,424 USD | +3.4% |
| 2019 | 68,426 USD | -8.1% |
| 2020 | 58,999 USD | -13.8% |
| 2021 | 69,303 USD | +17.5% |
| 2022 | 75,640 USD | +9.1% |
| 2023 | 80,827 USD | +6.9% |
| 2024 | 84,718 USD | +4.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,018 USD | 2,576 USD | 12,640 USD | 10 |
| 1980s | 16,541 USD | 11,672 USD | 24,453 USD | 10 |
| 1990s | 27,245 USD | 23,577 USD | 32,374 USD | 10 |
| 2000s | 46,210 USD | 28,889 USD | 69,477 USD | 10 |
| 2010s | 57,096 USD | 43,221 USD | 74,424 USD | 10 |
| 2020s | 73,897 USD | 58,999 USD | 84,718 USD | 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (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 84,718 USD in 2024, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross domestic product — value us$ per capita recorded in Iceland?
- The highest recorded value was 84,718 USD in 2024.
- What is the lowest gross domestic product — value us$ per capita recorded in Iceland?
- The lowest recorded value was 2,576 USD in 1970.
- How does Iceland rank for gross domestic product — value us$ per capita?
- Iceland ranks 10th out of 195 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 55.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, 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 CC BY-NC-SA 3.0 IGO (FAO).
About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).