Gross value added at basic prices (GVA) (constant 2015 US$), per unit in Iceland
Iceland: Gross value added at basic prices (GVA) (constant 2015 US$), per unit 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 2015 US$), per unit in Iceland, year by year
| Year | constant 2015 US$ 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% |
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)
- 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 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$), per unit in Iceland?
- Gross value added at basic prices (gva) (constant 2015 us$), 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.