Gross value added at basic prices (GVA) (constant) … unit GDP 2015 in Iceland
Iceland: Gross value added at basic prices (GVA) (constant) … unit GDP 2015 was 0.5382 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Iceland, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
Iceland recorded 0.5382 constant 2015 US$ per US$ of GDP for gross value added at basic prices (gva) (constant 2015 us$), per unit in 2025. That is the lowest value across all 31 years on record.
The figure is down 12.9% on the previous year and down 40.1% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant 2015 us$), per unit in Iceland peaked at 1.37 constant 2015 US$ per US$ of GDP in 2001 and was at its lowest, 0.5382 constant 2015 US$ per US$ of GDP, in 2025.
That places Iceland 177th out of 193 countries with data for 2025, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 31 years of available data.
Gross value added at basic prices (GVA) (constant) … unit GDP 2015 in Iceland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 1.17 constant 2015 US$ per US$ of GDP | — |
| 1996 | 1.18 constant 2015 US$ per US$ of GDP | +0.2% |
| 1997 | 1.22 constant 2015 US$ per US$ of GDP | +3.7% |
| 1998 | 1.17 constant 2015 US$ per US$ of GDP | -4.4% |
| 1999 | 1.15 constant 2015 US$ per US$ of GDP | -1.5% |
| 2000 | 1.2 constant 2015 US$ per US$ of GDP | +4.5% |
| 2001 | 1.37 constant 2015 US$ per US$ of GDP | +14.0% |
| 2002 | 1.22 constant 2015 US$ per US$ of GDP | -11.1% |
| 2003 | 1.01 constant 2015 US$ per US$ of GDP | -16.7% |
| 2004 | 0.9039 constant 2015 US$ per US$ of GDP | -10.9% |
| 2005 | 0.7879 constant 2015 US$ per US$ of GDP | -12.8% |
| 2006 | 0.8078 constant 2015 US$ per US$ of GDP | +2.5% |
| 2007 | 0.7069 constant 2015 US$ per US$ of GDP | -12.5% |
| 2008 | 0.8651 constant 2015 US$ per US$ of GDP | +22.4% |
| 2009 | 1.1 constant 2015 US$ per US$ of GDP | +26.6% |
| 2010 | 1.02 constant 2015 US$ per US$ of GDP | -7.2% |
| 2011 | 0.932 constant 2015 US$ per US$ of GDP | -8.3% |
| 2012 | 0.9713 constant 2015 US$ per US$ of GDP | +4.2% |
| 2013 | 0.9257 constant 2015 US$ per US$ of GDP | -4.7% |
| 2014 | 0.8489 constant 2015 US$ per US$ of GDP | -8.3% |
| 2015 | 0.8984 constant 2015 US$ per US$ of GDP | +5.8% |
| 2016 | 0.8011 constant 2015 US$ per US$ of GDP | -10.8% |
| 2017 | 0.6975 constant 2015 US$ per US$ of GDP | -12.9% |
| 2018 | 0.6858 constant 2015 US$ per US$ of GDP | -1.7% |
| 2019 | 0.7406 constant 2015 US$ per US$ of GDP | +8.0% |
| 2020 | 0.784 constant 2015 US$ per US$ of GDP | +5.9% |
| 2021 | 0.6926 constant 2015 US$ per US$ of GDP | -11.7% |
| 2022 | 0.6779 constant 2015 US$ per US$ of GDP | -2.1% |
| 2023 | 0.6552 constant 2015 US$ per US$ of GDP | -3.4% |
| 2024 | 0.6178 constant 2015 US$ per US$ of GDP | -5.7% |
| 2025 | 0.5382 constant 2015 US$ per US$ of GDP | -12.9% |
Iceland compared with similar countries
- Iceland's 0.5382 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.7299 constant 2015 US$ per US$ of GDP, 74% of the median. (69 countries reporting)
- Iceland's 0.5382 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.6366 constant 2015 US$ per US$ of GDP, 85% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.18 constant 2015 US$ per US$ of GDP | 1.15 constant 2015 US$ per US$ of GDP | 1.22 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.9971 constant 2015 US$ per US$ of GDP | 0.7069 constant 2015 US$ per US$ of GDP | 1.37 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.8518 constant 2015 US$ per US$ of GDP | 0.6858 constant 2015 US$ per US$ of GDP | 1.02 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.6609 constant 2015 US$ per US$ of GDP | 0.5382 constant 2015 US$ per US$ of GDP | 0.784 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 174 Hungary 0.5471 constant 2015 US$ per US$ of GDP compare
- 175 Bolivia 0.5395 constant 2015 US$ per US$ of GDP compare
- 176 Armenia 0.5394 constant 2015 US$ per US$ of GDP compare
- 178 Lithuania 0.5373 constant 2015 US$ per US$ of GDP compare
- 179 Czechia 0.529 constant 2015 US$ per US$ of GDP compare
- 180 Guinea 0.5271 constant 2015 US$ per US$ of GDP 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
- IMF holdings of currency, US dollar, per unit of GDP 0.0089 units per US$ of GDP (2025)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant 2015 us$), per unit in Iceland?
- Gross value added at basic prices (gva) (constant 2015 us$), per unit in Iceland was 0.5382 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Iceland?
- The highest recorded value was 1.37 constant 2015 US$ per US$ of GDP in 2001.
- What is the lowest gross value added at basic prices (gva) (constant 2015 us$), per unit recorded in Iceland?
- The lowest recorded value was 0.5382 constant 2015 US$ per US$ of GDP in 2025.
- How does Iceland rank for gross value added at basic prices (gva) (constant 2015 us$), per unit?
- Iceland ranks 177th out of 193 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant 2015 us$), per unit rising or falling in Iceland?
- Over the last ten years it is down 40.1%. The long-run trend across the full record is falling.
- 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$), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.