Gross value added at basic prices (GVA) (constant 2015 US$), annual in Iceland
Iceland: Gross value added at basic prices (GVA) (constant 2015 US$), annual was 1.28 % change on previous year in 2025. ◆ Volatile
Gross value added at basic prices (GVA) (constant 2015 US$), annual in Iceland, 1996–2025
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
Iceland recorded 1.28 % change on previous year for gross value added at basic prices (gva) (constant 2015 us$), annual in 2025.
That represents a change of up 199.6% on the previous year and down 66.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), annual in Iceland peaked at 8.86 % change on previous year in 2022 and was at its lowest, -8.32 % change on previous year, in 2009.
Iceland ranks 149th of 193 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (constant 2015 US$), annual in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1996 | 4.5 % change on previous year | — |
| 1997 | 4.14 % change on previous year | -7.9% |
| 1998 | 7.01 % change on previous year | +69.3% |
| 1999 | 3.9 % change on previous year | -44.4% |
| 2000 | 4.9 % change on previous year | +25.8% |
| 2001 | 3.84 % change on previous year | -21.7% |
| 2002 | 0.5419 % change on previous year | -85.9% |
| 2003 | 2.28 % change on previous year | +321.0% |
| 2004 | 7.62 % change on previous year | +234.1% |
| 2005 | 7.03 % change on previous year | -7.8% |
| 2006 | 5.67 % change on previous year | -19.3% |
| 2007 | 8.74 % change on previous year | +54.1% |
| 2008 | 1.7 % change on previous year | -80.6% |
| 2009 | -8.32 % change on previous year | -589.7% |
| 2010 | -2.22 % change on previous year | -73.3% |
| 2011 | 1.38 % change on previous year | -162.1% |
| 2012 | 1.17 % change on previous year | -15.3% |
| 2013 | 3.6 % change on previous year | +207.5% |
| 2014 | 1.91 % change on previous year | -46.8% |
| 2015 | 3.77 % change on previous year | +96.9% |
| 2016 | 6.22 % change on previous year | +65.0% |
| 2017 | 3.49 % change on previous year | -43.9% |
| 2018 | 4.66 % change on previous year | +33.7% |
| 2019 | 1.15 % change on previous year | -75.4% |
| 2020 | -6.65 % change on previous year | -679.8% |
| 2021 | 5.18 % change on previous year | -178.0% |
| 2022 | 8.86 % change on previous year | +70.9% |
| 2023 | 5.01 % change on previous year | -43.4% |
| 2024 | -1.28 % change on previous year | -125.6% |
| 2025 | 1.28 % change on previous year | -199.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.89 % change on previous year | 3.9 % change on previous year | 7.01 % change on previous year | 4 |
| 2000s | 3.4 % change on previous year | -8.32 % change on previous year | 8.74 % change on previous year | 10 |
| 2010s | 2.51 % change on previous year | -2.22 % change on previous year | 6.22 % change on previous year | 10 |
| 2020s | 2.07 % change on previous year | -6.65 % change on previous year | 8.86 % change on previous year | 6 |
Countries ranked near Iceland
- 146 Greece 1.34 % change on previous year compare
- 147 Switzerland 1.28 % change on previous year compare
- 148 Greenland 1.28 % change on previous year compare
- 150 Australia 1.25 % change on previous year compare
- 151 Azerbaijan 1.24 % change on previous year compare
- 152 Belarus 1.22 % 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)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 52,920 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 83.85 constant LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant LCU), per capita 8.24 million constant LCU per person (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), annual in Iceland?
- Gross value added at basic prices (gva) (constant 2015 us$), annual in Iceland was 1.28 % change on previous year in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), annual recorded in Iceland?
- The highest recorded value was 8.86 % change on previous year in 2022.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), annual recorded in Iceland?
- The lowest recorded value was -8.32 % change on previous year in 2009.
- How does Iceland rank for gross value added at basic prices (gva) (constant 2015 us$), annual?
- Iceland ranks 149th out of 193 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant 2015 us$), annual rising or falling in Iceland?
- Over the last ten years it is down 66.1%. 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 value added at basic prices (GVA) (constant 2015 US$), annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 30 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Gross value added at basic prices (GVA) (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Gross value added at basic prices (GVA) 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 value added at basic prices (GVA) (constant 2015 US$). Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.