Gross Domestic Product — Value US$, per square kilometre in Iceland
Iceland: Gross Domestic Product — Value US$, per square kilometre was 0.3107 million USD per square kilometre in 2023. ◆ Volatile
Latest (2023)
0.3107 million USD per square kilometre
Change on year
up 8.9%
World rank
122nd
of 194 countries
All-time high
0.3107 million USD per square kilometre
in 2023
All-time low
0.0053 million USD per square kilometre
in 1970
Years of data
54
1970–2023
Gross Domestic Product — Value US$, per square kilometre in Iceland, 1970–2023
Source: Statizoid (derived). Measured in million USD per square kilometre.
Analysis
The most recent figure for gross domestic product — value us$, per square kilometre in Iceland is 0.3107 million USD per square kilometre, measured in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 8.9% on the previous year and up 93.1% over ten years.
Over the whole period, gross domestic product — value us$, per square kilometre in Iceland peaked at 0.3107 million USD per square kilometre in 2023 and was at its lowest, 0.0053 million USD per square kilometre, in 1970.
That places Iceland 122nd out of 194 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross Domestic Product — Value US$, per square kilometre in Iceland, year by year
| Year | million USD per square kilometre | Change |
|---|---|---|
| 1970 | 0.0053 million USD per square kilometre | — |
| 1971 | 0.0067 million USD per square kilometre | +27.3% |
| 1972 | 0.0084 million USD per square kilometre | +25.3% |
| 1973 | 0.0115 million USD per square kilometre | +37.5% |
| 1974 | 0.0151 million USD per square kilometre | +31.3% |
| 1975 | 0.014 million USD per square kilometre | -7.1% |
| 1976 | 0.0167 million USD per square kilometre | +18.7% |
| 1977 | 0.022 million USD per square kilometre | +32.3% |
| 1978 | 0.0251 million USD per square kilometre | +13.7% |
| 1979 | 0.0285 million USD per square kilometre | +13.6% |
| 1980 | 0.0337 million USD per square kilometre | +18.5% |
| 1981 | 0.0348 million USD per square kilometre | +3.3% |
| 1982 | 0.032 million USD per square kilometre | -8.2% |
| 1983 | 0.0276 million USD per square kilometre | -13.7% |
| 1984 | 0.0286 million USD per square kilometre | +3.6% |
| 1985 | 0.0298 million USD per square kilometre | +4.2% |
| 1986 | 0.0398 million USD per square kilometre | +33.7% |
| 1987 | 0.0551 million USD per square kilometre | +38.4% |
| 1988 | 0.0609 million USD per square kilometre | +10.6% |
| 1989 | 0.0566 million USD per square kilometre | -7.1% |
| 1990 | 0.0645 million USD per square kilometre | +14.0% |
| 1991 | 0.0689 million USD per square kilometre | +6.8% |
| 1992 | 0.0706 million USD per square kilometre | +2.5% |
| 1993 | 0.062 million USD per square kilometre | -12.2% |
| 1994 | 0.0637 million USD per square kilometre | +2.7% |
| 1995 | 0.0711 million USD per square kilometre | +11.5% |
| 1996 | 0.0741 million USD per square kilometre | +4.2% |
| 1997 | 0.0755 million USD per square kilometre | +1.9% |
| 1998 | 0.0848 million USD per square kilometre | +12.3% |
| 1999 | 0.0896 million USD per square kilometre | +5.6% |
| 2000 | 0.09 million USD per square kilometre | +0.5% |
| 2001 | 0.0821 million USD per square kilometre | -8.8% |
| 2002 | 0.093 million USD per square kilometre | +13.2% |
| 2003 | 0.114 million USD per square kilometre | +22.7% |
| 2004 | 0.1379 million USD per square kilometre | +21.0% |
| 2005 | 0.1681 million USD per square kilometre | +21.9% |
| 2006 | 0.1742 million USD per square kilometre | +3.6% |
| 2007 | 0.216 million USD per square kilometre | +24.0% |
| 2008 | 0.1803 million USD per square kilometre | -16.5% |
| 2009 | 0.1312 million USD per square kilometre | -27.2% |
| 2010 | 0.1372 million USD per square kilometre | +4.5% |
| 2011 | 0.1518 million USD per square kilometre | +10.7% |
| 2012 | 0.1471 million USD per square kilometre | -3.1% |
| 2013 | 0.1608 million USD per square kilometre | +9.3% |
| 2014 | 0.1782 million USD per square kilometre | +10.8% |
| 2015 | 0.1747 million USD per square kilometre | -2.0% |
| 2016 | 0.2074 million USD per square kilometre | +18.7% |
| 2017 | 0.2467 million USD per square kilometre | +18.9% |
| 2018 | 0.2604 million USD per square kilometre | +5.6% |
| 2019 | 0.2448 million USD per square kilometre | -6.0% |
| 2020 | 0.2145 million USD per square kilometre | -12.4% |
| 2021 | 0.2561 million USD per square kilometre | +19.4% |
| 2022 | 0.2853 million USD per square kilometre | +11.4% |
| 2023 | 0.3107 million USD per square kilometre | +8.9% |
Iceland compared with similar countries
- Iceland's 0.3107 million USD per square kilometre is below the median for high income countries, which is 3.67 million USD per square kilometre, 8% of the median. (73 countries reporting)
- Iceland's 0.3107 million USD per square kilometre is below the median for Europe & Central Asia, which is 1.44 million USD per square kilometre, 22% of the median. (52 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0153 million USD per square kilometre | 0.0053 million USD per square kilometre | 0.0285 million USD per square kilometre | 10 |
| 1980s | 0.0399 million USD per square kilometre | 0.0276 million USD per square kilometre | 0.0609 million USD per square kilometre | 10 |
| 1990s | 0.0725 million USD per square kilometre | 0.062 million USD per square kilometre | 0.0896 million USD per square kilometre | 10 |
| 2000s | 0.1387 million USD per square kilometre | 0.0821 million USD per square kilometre | 0.216 million USD per square kilometre | 10 |
| 2010s | 0.1909 million USD per square kilometre | 0.1372 million USD per square kilometre | 0.2604 million USD per square kilometre | 10 |
| 2020s | 0.2667 million USD per square kilometre | 0.2145 million USD per square kilometre | 0.3107 million USD per square kilometre | 4 |
Countries ranked near Iceland
- 119 Morocco 0.3236 million USD per square kilometre compare
- 120 Tunisia 0.3124 million USD per square kilometre compare
- 121 South Africa 0.3114 million USD per square kilometre compare
- 123 Ukraine 0.3085 million USD per square kilometre compare
- 124 Honduras 0.3074 million USD per square kilometre compare
- 125 Fiji 0.2979 million USD 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross domestic product — value us$, per square kilometre in Iceland?
- Gross domestic product — value us$, per square kilometre in Iceland was 0.3107 million USD per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross domestic product — value us$, per square kilometre recorded in Iceland?
- The highest recorded value was 0.3107 million USD per square kilometre in 2023.
- What is the lowest gross domestic product — value us$, per square kilometre recorded in Iceland?
- The lowest recorded value was 0.0053 million USD per square kilometre in 1970.
- How does Iceland rank for gross domestic product — value us$, per square kilometre?
- Iceland ranks 122nd out of 194 countries with data for 2023.
- Is gross domestic product — value us$, per square kilometre rising or falling in Iceland?
- Over the last ten years it is up 93.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross Domestic Product — Value US$, 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 US$ 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 US$ ÷ Land area (sq. km)
Computed from
- Gross Domestic Product — Value US$ 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 US$ 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.