Gross national expenditure (current US$), annual growth rate (current) in Iceland
Iceland: Gross national expenditure (current US$), annual growth rate (current) was 17.4 % change on previous year in 2025. ◆ Volatile
Gross national expenditure (current US$), annual growth rate in Iceland, 1971–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 17.4 % change on previous year for gross national expenditure (current us$), annual growth rate in 2025.
Compared with earlier readings it is up 157.1% on the previous year and up 635.3% over ten years.
Over the whole period, gross national expenditure (current us$), annual growth rate in Iceland peaked at 45.58 % change on previous year in 1987 and was at its lowest, -34.74 % change on previous year, in 2009.
Iceland ranks 20th of 185 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross national expenditure (current US$), annual growth rate (current) in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 39.04 % change on previous year | — |
| 1972 | 19.45 % change on previous year | -50.2% |
| 1973 | 38.33 % change on previous year | +97.0% |
| 1974 | 41.64 % change on previous year | +8.6% |
| 1975 | -8.34 % change on previous year | -120.0% |
| 1976 | 8.5 % change on previous year | -201.8% |
| 1977 | 34.01 % change on previous year | +300.3% |
| 1978 | 8.97 % change on previous year | -73.6% |
| 1979 | 15.72 % change on previous year | +75.3% |
| 1980 | 20.13 % change on previous year | +28.1% |
| 1981 | 4.77 % change on previous year | -76.3% |
| 1982 | -5.23 % change on previous year | -209.7% |
| 1983 | -19.78 % change on previous year | +278.2% |
| 1984 | 6.05 % change on previous year | -130.6% |
| 1985 | 3.74 % change on previous year | -38.2% |
| 1986 | 28.59 % change on previous year | +664.4% |
| 1987 | 45.58 % change on previous year | +59.4% |
| 1988 | 10.48 % change on previous year | -77.0% |
| 1989 | -10.11 % change on previous year | -196.5% |
| 1990 | 15.14 % change on previous year | -249.7% |
| 1991 | 9.62 % change on previous year | -36.4% |
| 1992 | 1.16 % change on previous year | -87.9% |
| 1993 | -15.07 % change on previous year | -1398.7% |
| 1994 | 0.5859 % change on previous year | -103.9% |
| 1995 | 13.31 % change on previous year | +2171.4% |
| 1996 | 7.34 % change on previous year | -44.9% |
| 1997 | 0.4153 % change on previous year | -94.3% |
| 1998 | 17.26 % change on previous year | +4055.3% |
| 1999 | 5.62 % change on previous year | -67.5% |
| 2000 | 2.6 % change on previous year | -53.6% |
| 2001 | -14.01 % change on previous year | -637.9% |
| 2002 | 10.41 % change on previous year | -174.3% |
| 2003 | 28.43 % change on previous year | +173.2% |
| 2004 | 23.84 % change on previous year | -16.2% |
| 2005 | 29.74 % change on previous year | +24.8% |
| 2006 | 7.68 % change on previous year | -74.2% |
| 2007 | 16.09 % change on previous year | +109.5% |
| 2008 | -22.09 % change on previous year | -237.3% |
| 2009 | -34.74 % change on previous year | +57.3% |
| 2010 | 3.31 % change on previous year | -109.5% |
| 2011 | 13.05 % change on previous year | +293.9% |
| 2012 | -0.982 % change on previous year | -107.5% |
| 2013 | 6.38 % change on previous year | -749.3% |
| 2014 | 12.83 % change on previous year | +101.3% |
| 2015 | -3.25 % change on previous year | -125.3% |
| 2016 | 19.84 % change on previous year | -710.4% |
| 2017 | 21.72 % change on previous year | +9.5% |
| 2018 | 7.55 % change on previous year | -65.3% |
| 2019 | -7.93 % change on previous year | -205.1% |
| 2020 | -6.19 % change on previous year | -21.9% |
| 2021 | 20.4 % change on previous year | -429.4% |
| 2022 | 9.09 % change on previous year | -55.4% |
| 2023 | 8.36 % change on previous year | -8.1% |
| 2024 | 6.77 % change on previous year | -19.0% |
| 2025 | 17.4 % change on previous year | +157.1% |
Iceland compared with similar countries
- Iceland's 17.4 % change on previous year is above the median for high income countries, which is 7.92 % change on previous year, 2.2× the median. (66 countries reporting)
- Iceland's 17.4 % change on previous year is above the median for Europe & Central Asia, which is 11.02 % change on previous year, 1.6× the median. (52 countries reporting)
Biggest year-on-year movements
Years where Gross national expenditure (current US$), annual growth rate (current) 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 |
|---|---|---|---|
| 1998 | +4055.3% | 0.4153 % change on previous year | 17.26 % change on previous year |
| 1995 | +2171.4% | 0.5859 % change on previous year | 13.31 % change on previous year |
| 1993 | -1398.7% | 1.16 % change on previous year | -15.07 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.92 % change on previous year | -8.34 % change on previous year | 41.64 % change on previous year | 9 |
| 1980s | 8.42 % change on previous year | -19.78 % change on previous year | 45.58 % change on previous year | 10 |
| 1990s | 5.54 % change on previous year | -15.07 % change on previous year | 17.26 % change on previous year | 10 |
| 2000s | 4.8 % change on previous year | -34.74 % change on previous year | 29.74 % change on previous year | 10 |
| 2010s | 7.25 % change on previous year | -7.93 % change on previous year | 21.72 % change on previous year | 10 |
| 2020s | 9.3 % change on previous year | -6.19 % change on previous year | 20.4 % change on previous year | 6 |
Countries ranked near Iceland
- 17 Turkey 18.44 % change on previous year compare
- 18 Ukraine 18.02 % change on previous year compare
- 19 Democratic Republic of Congo 17.45 % change on previous year compare
- 21 Afghanistan 17.39 % change on previous year compare
- 22 Gambia 17.27 % change on previous year compare
- 23 Jordan 16.63 % change on previous year 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is gross national expenditure (current us$), annual growth rate in Iceland?
- Gross national expenditure (current us$), annual growth rate in Iceland was 17.4 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross national expenditure (current us$), annual growth rate recorded in Iceland?
- The highest recorded value was 45.58 % change on previous year in 1987.
- What is the lowest gross national expenditure (current us$), annual growth rate recorded in Iceland?
- The lowest recorded value was -34.74 % change on previous year in 2009.
- How does Iceland rank for gross national expenditure (current us$), annual growth rate?
- Iceland ranks 20th out of 185 countries with data for 2025.
- Is gross national expenditure (current us$), annual growth rate rising or falling in Iceland?
- Over the last ten years it is up 635.3%. 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 national expenditure (current US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 55 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross national expenditure (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross national expenditure Country official statistics, National Statistical Organizations and/or Central Banks
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
The year-on-year percentage change in Gross national expenditure (current US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.