Gross National Income — Value US$ in Iceland
Iceland: Gross National Income — Value US$ was 31,708 million USD in 2023. ◆ Volatile
Gross National Income — Value US$ in Iceland, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in million USD.
Analysis
Iceland recorded 31,708 million USD for gross national income — value us$ in 2023. That is the highest value across all 54 years on record.
Compared with earlier readings it is up 10.9% on the previous year and up 98.0% over ten years.
Over the whole period, gross national income — value us$ in Iceland peaked at 31,708 million USD in 2023 and was at its lowest, 524.78 million USD, in 1970.
That places Iceland 102nd out of 203 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 US$ in Iceland, year by year
| Year | million USD | Change |
|---|---|---|
| 1970 | 524.78 million USD | — |
| 1971 | 669.03 million USD | +27.5% |
| 1972 | 835.16 million USD | +24.8% |
| 1973 | 1,149 million USD | +37.6% |
| 1974 | 1,506 million USD | +31.1% |
| 1975 | 1,384 million USD | -8.1% |
| 1976 | 1,640 million USD | +18.5% |
| 1977 | 2,178 million USD | +32.8% |
| 1978 | 2,468 million USD | +13.3% |
| 1979 | 2,802 million USD | +13.5% |
| 1980 | 3,316 million USD | +18.4% |
| 1981 | 3,402 million USD | +2.6% |
| 1982 | 3,105 million USD | -8.7% |
| 1983 | 2,657 million USD | -14.4% |
| 1984 | 2,736 million USD | +2.9% |
| 1985 | 2,866 million USD | +4.8% |
| 1986 | 3,859 million USD | +34.6% |
| 1987 | 5,395 million USD | +39.8% |
| 1988 | 5,954 million USD | +10.4% |
| 1989 | 5,474 million USD | -8.1% |
| 1990 | 6,253 million USD | +14.2% |
| 1991 | 6,728 million USD | +7.6% |
| 1992 | 6,923 million USD | +2.9% |
| 1993 | 6,069 million USD | -12.3% |
| 1994 | 6,193 million USD | +2.0% |
| 1995 | 6,897 million USD | +11.4% |
| 1996 | 7,217 million USD | +4.6% |
| 1997 | 7,362 million USD | +2.0% |
| 1998 | 8,279 million USD | +12.5% |
| 1999 | 8,768 million USD | +5.9% |
| 2000 | 8,741 million USD | -0.3% |
| 2001 | 7,974 million USD | -8.8% |
| 2002 | 9,279 million USD | +16.4% |
| 2003 | 11,234 million USD | +21.1% |
| 2004 | 13,220 million USD | +17.7% |
| 2005 | 16,184 million USD | +22.4% |
| 2006 | 16,416 million USD | +1.4% |
| 2007 | 20,655 million USD | +25.8% |
| 2008 | 14,739 million USD | -28.6% |
| 2009 | 10,996 million USD | -25.4% |
| 2010 | 11,655 million USD | +6.0% |
| 2011 | 13,450 million USD | +15.4% |
| 2012 | 13,462 million USD | +0.1% |
| 2013 | 16,010 million USD | +18.9% |
| 2014 | 17,641 million USD | +10.2% |
| 2015 | 17,486 million USD | -0.9% |
| 2016 | 21,200 million USD | +21.2% |
| 2017 | 24,849 million USD | +17.2% |
| 2018 | 26,701 million USD | +7.5% |
| 2019 | 25,374 million USD | -5.0% |
| 2020 | 22,345 million USD | -11.9% |
| 2021 | 25,833 million USD | +15.6% |
| 2022 | 28,588 million USD | +10.7% |
| 2023 | 31,708 million USD | +10.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1,516 million USD | 524.78 million USD | 2,802 million USD | 10 |
| 1980s | 3,877 million USD | 2,657 million USD | 5,954 million USD | 10 |
| 1990s | 7,069 million USD | 6,069 million USD | 8,768 million USD | 10 |
| 2000s | 12,944 million USD | 7,974 million USD | 20,655 million USD | 10 |
| 2010s | 18,783 million USD | 11,655 million USD | 26,701 million USD | 10 |
| 2020s | 27,118 million USD | 22,345 million USD | 31,708 million USD | 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)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 12.60 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 7.14 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 7.13 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
Frequently asked questions
- What is gross national income — value us$ in Iceland?
- Gross national income — value us$ in Iceland was 31,708 million USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value us$ recorded in Iceland?
- The highest recorded value was 31,708 million USD in 2023.
- What is the lowest gross national income — value us$ recorded in Iceland?
- The lowest recorded value was 524.78 million USD in 1970.
- How does Iceland rank for gross national income — value us$?
- Iceland ranks 102nd out of 203 countries with data for 2023.
- Is gross national income — value us$ rising or falling in Iceland?
- Over the last ten years it is up 98.0%. 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 US$. Statizoid updates them automatically from the source API.
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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).