Gross National Income — Value US$, annual growth rate in Iceland
Iceland: Gross National Income — Value US$, annual growth rate was 10.91 % change on previous year in 2023. ◆ Volatile
Gross National Income — Value US$, annual growth rate in Iceland, 1971–2023
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
The most recent figure for gross national income — value us$, annual growth rate in Iceland is 10.91 % change on previous year, measured in 2023.
Compared with earlier readings it is up 2.3% on the previous year and down 42.4% over ten years.
Over the whole period, gross national income — value us$, annual growth rate in Iceland peaked at 39.82 % change on previous year in 1987 and was at its lowest, -28.64 % change on previous year, in 2008.
Iceland ranks 70th of 236 countries on this measure, in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value US$, annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1971 | 27.49 % change on previous year | — |
| 1972 | 24.83 % change on previous year | -9.7% |
| 1973 | 37.58 % change on previous year | +51.4% |
| 1974 | 31.07 % change on previous year | -17.3% |
| 1975 | -8.1 % change on previous year | -126.1% |
| 1976 | 18.48 % change on previous year | -328.1% |
| 1977 | 32.83 % change on previous year | +77.6% |
| 1978 | 13.31 % change on previous year | -59.5% |
| 1979 | 13.52 % change on previous year | +1.6% |
| 1980 | 18.37 % change on previous year | +35.9% |
| 1981 | 2.59 % change on previous year | -85.9% |
| 1982 | -8.75 % change on previous year | -438.1% |
| 1983 | -14.41 % change on previous year | +64.7% |
| 1984 | 2.95 % change on previous year | -120.5% |
| 1985 | 4.78 % change on previous year | +62.1% |
| 1986 | 34.62 % change on previous year | +624.6% |
| 1987 | 39.82 % change on previous year | +15.0% |
| 1988 | 10.36 % change on previous year | -74.0% |
| 1989 | -8.06 % change on previous year | -177.8% |
| 1990 | 14.22 % change on previous year | -276.5% |
| 1991 | 7.6 % change on previous year | -46.6% |
| 1992 | 2.89 % change on previous year | -62.0% |
| 1993 | -12.34 % change on previous year | -527.1% |
| 1994 | 2.05 % change on previous year | -116.6% |
| 1995 | 11.37 % change on previous year | +455.1% |
| 1996 | 4.64 % change on previous year | -59.2% |
| 1997 | 2.01 % change on previous year | -56.7% |
| 1998 | 12.45 % change on previous year | +520.0% |
| 1999 | 5.91 % change on previous year | -52.5% |
| 2000 | -0.3143 % change on previous year | -105.3% |
| 2001 | -8.77 % change on previous year | +2689.0% |
| 2002 | 16.36 % change on previous year | -286.6% |
| 2003 | 21.08 % change on previous year | +28.8% |
| 2004 | 17.67 % change on previous year | -16.2% |
| 2005 | 22.43 % change on previous year | +26.9% |
| 2006 | 1.43 % change on previous year | -93.6% |
| 2007 | 25.82 % change on previous year | +1704.7% |
| 2008 | -28.64 % change on previous year | -210.9% |
| 2009 | -25.39 % change on previous year | -11.3% |
| 2010 | 5.99 % change on previous year | -123.6% |
| 2011 | 15.4 % change on previous year | +156.9% |
| 2012 | 0.087 % change on previous year | -99.4% |
| 2013 | 18.93 % change on previous year | +21662.3% |
| 2014 | 10.19 % change on previous year | -46.2% |
| 2015 | -0.8781 % change on previous year | -108.6% |
| 2016 | 21.24 % change on previous year | -2519.0% |
| 2017 | 17.21 % change on previous year | -19.0% |
| 2018 | 7.45 % change on previous year | -56.7% |
| 2019 | -4.97 % change on previous year | -166.7% |
| 2020 | -11.94 % change on previous year | +140.3% |
| 2021 | 15.61 % change on previous year | -230.7% |
| 2022 | 10.67 % change on previous year | -31.7% |
| 2023 | 10.91 % change on previous year | +2.3% |
Biggest year-on-year movements
Years where Gross National Income — Value US$, annual growth rate 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 |
|---|---|---|---|
| 2013 | +21662.3% | 0.087 % change on previous year | 18.93 % change on previous year |
| 2001 | -2689.0% | -0.3143 % change on previous year | -8.77 % change on previous year |
| 2016 | +2519.0% | -0.8781 % change on previous year | 21.24 % change on previous year |
| 2007 | +1704.7% | 1.43 % change on previous year | 25.82 % change on previous year |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 21.22 % change on previous year | -8.1 % change on previous year | 37.58 % change on previous year | 9 |
| 1980s | 8.23 % change on previous year | -14.41 % change on previous year | 39.82 % change on previous year | 10 |
| 1990s | 5.08 % change on previous year | -12.34 % change on previous year | 14.22 % change on previous year | 10 |
| 2000s | 4.17 % change on previous year | -28.64 % change on previous year | 25.82 % change on previous year | 10 |
| 2010s | 9.07 % change on previous year | -4.97 % change on previous year | 21.24 % change on previous year | 10 |
| 2020s | 6.31 % change on previous year | -11.94 % change on previous year | 15.61 % change on previous year | 4 |
Countries ranked near Iceland
- 67 Montserrat 11.3 % change on previous year compare
- 68 Netherlands (Kingdom of the) 11.02 % change on previous year compare
- 69 Bahamas 10.96 % change on previous year compare
- 71 Greece 10.84 % change on previous year compare
- 72 Algeria 10.74 % change on previous year compare
- 73 Chile 10.69 % 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)
- 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$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gross national income — value us$, annual growth rate in Iceland?
- Gross national income — value us$, annual growth rate in Iceland was 10.91 % change on previous year in 2023, according to Statizoid (derived).
- What is the highest gross national income — value us$, annual growth rate recorded in Iceland?
- The highest recorded value was 39.82 % change on previous year in 1987.
- What is the lowest gross national income — value us$, annual growth rate recorded in Iceland?
- The lowest recorded value was -28.64 % change on previous year in 2008.
- How does Iceland rank for gross national income — value us$, annual growth rate?
- Iceland ranks 70th out of 236 countries with data for 2023.
- Is gross national income — value us$, annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 42.4%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross National Income — Value US$, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 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 Income — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross National Income — Value US$ Food and Agriculture Organization of the United Nations
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 Income — Value US$. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.