Gross National Income — Value Standard Local Currency in Iceland
Iceland: Gross National Income — Value Standard Local Currency was 4.37 million million SLC in 2023. ◆ Volatile
Gross National Income — Value Standard Local Currency in Iceland, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million SLC.
Analysis
The most recent figure for gross national income — value standard local currency in Iceland is 4.37 million million SLC, measured in 2023. That is the highest value across all 54 years on record.
The figure is up 13.1% on the previous year and up 123.6% over ten years.
Over the whole period, gross national income — value standard local currency in Iceland peaked at 4.37 million million SLC in 2023 and was at its lowest, 461.81 million SLC, in 1970.
That places Iceland 63rd out of 202 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 National Income — Value Standard Local Currency in Iceland, year by year
| Year | million SLC | Change |
|---|---|---|
| 1970 | 461.81 million SLC | — |
| 1971 | 588.74 million SLC | +27.5% |
| 1972 | 737.11 million SLC | +25.2% |
| 1973 | 1,036 million SLC | +40.5% |
| 1974 | 1,505 million SLC | +45.3% |
| 1975 | 2,127 million SLC | +41.3% |
| 1976 | 2,987 million SLC | +40.4% |
| 1977 | 4,332 million SLC | +45.0% |
| 1978 | 6,691 million SLC | +54.5% |
| 1979 | 9,879 million SLC | +47.6% |
| 1980 | 15,911 million SLC | +61.1% |
| 1981 | 24,578 million SLC | +54.5% |
| 1982 | 38,347 million SLC | +56.0% |
| 1983 | 66,014 million SLC | +72.1% |
| 1984 | 86,701 million SLC | +31.3% |
| 1985 | 118,974 million SLC | +37.2% |
| 1986 | 158,609 million SLC | +33.3% |
| 1987 | 208,677 million SLC | +31.6% |
| 1988 | 256,119 million SLC | +22.7% |
| 1989 | 312,268 million SLC | +21.9% |
| 1990 | 364,452 million SLC | +16.7% |
| 1991 | 396,950 million SLC | +8.9% |
| 1992 | 398,376 million SLC | +0.4% |
| 1993 | 410,256 million SLC | +3.0% |
| 1994 | 433,156 million SLC | +5.6% |
| 1995 | 446,172 million SLC | +3.0% |
| 1996 | 479,933 million SLC | +7.6% |
| 1997 | 521,996 million SLC | +8.8% |
| 1998 | 587,440 million SLC | +12.5% |
| 1999 | 634,243 million SLC | +8.0% |
| 2000 | 687,146 million SLC | +8.3% |
| 2001 | 776,893 million SLC | +13.1% |
| 2002 | 850,507 million SLC | +9.5% |
| 2003 | 861,780 million SLC | +1.3% |
| 2004 | 927,898 million SLC | +7.7% |
| 2005 | 1.02 million million SLC | +9.9% |
| 2006 | 1.15 million million SLC | +13.0% |
| 2007 | 1.32 million million SLC | +14.8% |
| 2008 | 1.30 million million SLC | -2.0% |
| 2009 | 1.36 million million SLC | +4.9% |
| 2010 | 1.42 million million SLC | +4.8% |
| 2011 | 1.56 million million SLC | +9.5% |
| 2012 | 1.68 million million SLC | +8.0% |
| 2013 | 1.96 million million SLC | +16.2% |
| 2014 | 2.06 million million SLC | +5.3% |
| 2015 | 2.31 million million SLC | +12.0% |
| 2016 | 2.56 million million SLC | +11.0% |
| 2017 | 2.65 million million SLC | +3.7% |
| 2018 | 2.89 million million SLC | +8.9% |
| 2019 | 3.11 million million SLC | +7.6% |
| 2020 | 3.03 million million SLC | -2.7% |
| 2021 | 3.28 million million SLC | +8.4% |
| 2022 | 3.87 million million SLC | +17.9% |
| 2023 | 4.37 million million SLC | +13.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 3,034 million SLC | 461.81 million SLC | 9,879 million SLC | 10 |
| 1980s | 128,620 million SLC | 15,911 million SLC | 312,268 million SLC | 10 |
| 1990s | 467,297 million SLC | 364,452 million SLC | 634,243 million SLC | 10 |
| 2000s | 1.03 million million SLC | 687,146 million SLC | 1.36 million million SLC | 10 |
| 2010s | 2.22 million million SLC | 1.42 million million SLC | 3.11 million million SLC | 10 |
| 2020s | 3.64 million million SLC | 3.03 million million SLC | 4.37 million million SLC | 4 |
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)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
- Services, value added (current US$), per capita 65,116 current US$ per person (2025)
- Services, value added (current LCU), annual growth rate 9.72 % change on previous year (2025)
- Services, value added (current LCU), per unit of GDP 85.06 current LCU per US$ of GDP (2025)
- Services, value added (current LCU), per capita 8.36 million current LCU per person (2025)
- Services, value added (constant 2015 US$), annual growth rate 2.16 % change on previous year (2025)
- Services, value added (constant 2015 US$), per unit of GDP 0.3978 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross national income — value standard local currency in Iceland?
- Gross national income — value standard local currency in Iceland was 4.37 million million SLC in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value standard local currency recorded in Iceland?
- The highest recorded value was 4.37 million million SLC in 2023.
- What is the lowest gross national income — value standard local currency recorded in Iceland?
- The lowest recorded value was 461.81 million SLC in 1970.
- How does Iceland rank for gross national income — value standard local currency?
- Iceland ranks 63rd out of 202 countries with data for 2023.
- Is gross national income — value standard local currency rising or falling in Iceland?
- Over the last ten years it is up 123.6%. 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 National Income — Value Standard Local Currency. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 54 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).