Gross value added at basic prices (GVA) (constant 2015 US$), per in Iceland
Iceland: Gross value added at basic prices (GVA) (constant 2015 US$), per was 52,920 constant 2015 US$ per person in 2025. ▲ Rising
Gross value added at basic prices (GVA) (constant 2015 US$), per in Iceland, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per person.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant 2015 us$), per in Iceland is 52,920 constant 2015 US$ per person, measured in 2025.
That represents a change of down 0.2% on the previous year and up 10.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per in Iceland peaked at 53,856 constant 2015 US$ per person in 2023 and was at its lowest, 32,350 constant 2015 US$ per person, in 1995.
Iceland ranks 13th of 193 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
Gross value added at basic prices (GVA) (constant 2015 US$), per in Iceland, year by year
| Year | constant 2015 US$ per person | Change |
|---|---|---|
| 1995 | 32,350 constant 2015 US$ per person | — |
| 1996 | 33,624 constant 2015 US$ per person | +3.9% |
| 1997 | 34,730 constant 2015 US$ per person | +3.3% |
| 1998 | 36,769 constant 2015 US$ per person | +5.9% |
| 1999 | 37,743 constant 2015 US$ per person | +2.6% |
| 2000 | 39,056 constant 2015 US$ per person | +3.5% |
| 2001 | 40,021 constant 2015 US$ per person | +2.5% |
| 2002 | 39,880 constant 2015 US$ per person | -0.4% |
| 2003 | 40,508 constant 2015 US$ per person | +1.6% |
| 2004 | 43,215 constant 2015 US$ per person | +6.7% |
| 2005 | 45,526 constant 2015 US$ per person | +5.3% |
| 2006 | 46,992 constant 2015 US$ per person | +3.2% |
| 2007 | 49,824 constant 2015 US$ per person | +6.0% |
| 2008 | 49,737 constant 2015 US$ per person | -0.2% |
| 2009 | 45,442 constant 2015 US$ per person | -8.6% |
| 2010 | 44,497 constant 2015 US$ per person | -2.1% |
| 2011 | 44,973 constant 2015 US$ per person | +1.1% |
| 2012 | 45,258 constant 2015 US$ per person | +0.6% |
| 2013 | 46,444 constant 2015 US$ per person | +2.6% |
| 2014 | 46,810 constant 2015 US$ per person | +0.8% |
| 2015 | 48,070 constant 2015 US$ per person | +2.7% |
| 2016 | 50,355 constant 2015 US$ per person | +4.8% |
| 2017 | 50,902 constant 2015 US$ per person | +1.1% |
| 2018 | 51,867 constant 2015 US$ per person | +1.9% |
| 2019 | 51,320 constant 2015 US$ per person | -1.1% |
| 2020 | 47,138 constant 2015 US$ per person | -8.1% |
| 2021 | 48,775 constant 2015 US$ per person | +3.5% |
| 2022 | 51,777 constant 2015 US$ per person | +6.2% |
| 2023 | 53,856 constant 2015 US$ per person | +4.0% |
| 2024 | 53,049 constant 2015 US$ per person | -1.5% |
| 2025 | 52,920 constant 2015 US$ per person | -0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 35,043 constant 2015 US$ per person | 32,350 constant 2015 US$ per person | 37,743 constant 2015 US$ per person | 5 |
| 2000s | 44,020 constant 2015 US$ per person | 39,056 constant 2015 US$ per person | 49,824 constant 2015 US$ per person | 10 |
| 2010s | 48,050 constant 2015 US$ per person | 44,497 constant 2015 US$ per person | 51,867 constant 2015 US$ per person | 10 |
| 2020s | 51,253 constant 2015 US$ per person | 47,138 constant 2015 US$ per person | 53,856 constant 2015 US$ per person | 6 |
Countries ranked near Iceland
- 10 Qatar 61,378 constant 2015 US$ per person compare
- 11 Australia 57,404 constant 2015 US$ per person compare
- 12 Denmark 54,897 constant 2015 US$ per person compare
- 14 Turks and Caicos Islands 50,305 constant 2015 US$ per person compare
- 15 Greenland 49,674 constant 2015 US$ per person compare
- 16 Sweden 49,088 constant 2015 US$ per person 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$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (constant 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$), per in Iceland?
- Gross value added at basic prices (gva) (constant 2015 us$), per in Iceland was 52,920 constant 2015 US$ per person in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per recorded in Iceland?
- The highest recorded value was 53,856 constant 2015 US$ per person in 2023.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per recorded in Iceland?
- The lowest recorded value was 32,350 constant 2015 US$ per person in 1995.
- How does Iceland rank for gross value added at basic prices (gva) (constant 2015 us$), per?
- Iceland ranks 13th out of 193 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant 2015 us$), per rising or falling in Iceland?
- Over the last ten years it is up 10.1%. The long-run trend across the full record is rising.
- 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$), per capita. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ Population, total
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.