Gross value added at basic prices (GVA) (constant LCU), per square in Iceland
Iceland: Gross value added at basic prices (GVA) (constant LCU), per square was 32.09 million constant LCU per square kilometre in 2023. ▲ Rising
Gross value added at basic prices (GVA) (constant LCU), per square in Iceland, 1995–2023
Source: Statizoid (derived). Measured in constant LCU per square kilometre.
Analysis
In 2023, gross value added at basic prices (gva) (constant lcu), per square in Iceland stood at 32.09 million constant LCU per square kilometre. That is the highest value across all 29 years on record.
That represents a change of up 5.0% on the previous year and up 37.3% over ten years.
Over the whole period, gross value added at basic prices (gva) (constant lcu), per square in Iceland peaked at 32.09 million constant LCU per square kilometre in 2023 and was at its lowest, 13.45 million constant LCU per square kilometre, in 1995.
Iceland ranks 59th of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently rising across the 29 years of available data.
Gross value added at basic prices (GVA) (constant LCU), per square in Iceland, year by year
| Year | constant LCU per square kilometre | Change |
|---|---|---|
| 1995 | 13.45 million constant LCU per square kilometre | — |
| 1996 | 14.05 million constant LCU per square kilometre | +4.5% |
| 1997 | 14.63 million constant LCU per square kilometre | +4.1% |
| 1998 | 15.66 million constant LCU per square kilometre | +7.0% |
| 1999 | 16.27 million constant LCU per square kilometre | +3.9% |
| 2000 | 17.07 million constant LCU per square kilometre | +4.9% |
| 2001 | 17.72 million constant LCU per square kilometre | +3.8% |
| 2002 | 17.82 million constant LCU per square kilometre | +0.5% |
| 2003 | 18.23 million constant LCU per square kilometre | +2.3% |
| 2004 | 19.61 million constant LCU per square kilometre | +7.6% |
| 2005 | 20.99 million constant LCU per square kilometre | +7.0% |
| 2006 | 22.18 million constant LCU per square kilometre | +5.7% |
| 2007 | 24.12 million constant LCU per square kilometre | +8.7% |
| 2008 | 24.53 million constant LCU per square kilometre | +1.7% |
| 2009 | 22.49 million constant LCU per square kilometre | -8.3% |
| 2010 | 21.99 million constant LCU per square kilometre | -2.2% |
| 2011 | 22.30 million constant LCU per square kilometre | +1.4% |
| 2012 | 22.56 million constant LCU per square kilometre | +1.2% |
| 2013 | 23.37 million constant LCU per square kilometre | +3.6% |
| 2014 | 23.81 million constant LCU per square kilometre | +1.9% |
| 2015 | 24.71 million constant LCU per square kilometre | +3.8% |
| 2016 | 26.25 million constant LCU per square kilometre | +6.2% |
| 2017 | 27.16 million constant LCU per square kilometre | +3.5% |
| 2018 | 28.27 million constant LCU per square kilometre | +4.1% |
| 2019 | 28.59 million constant LCU per square kilometre | +1.1% |
| 2020 | 26.69 million constant LCU per square kilometre | -6.6% |
| 2021 | 28.07 million constant LCU per square kilometre | +5.2% |
| 2022 | 30.56 million constant LCU per square kilometre | +8.9% |
| 2023 | 32.09 million constant LCU per square kilometre | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 14.81 million constant LCU per square kilometre | 13.45 million constant LCU per square kilometre | 16.27 million constant LCU per square kilometre | 5 |
| 2000s | 20.48 million constant LCU per square kilometre | 17.07 million constant LCU per square kilometre | 24.53 million constant LCU per square kilometre | 10 |
| 2010s | 24.90 million constant LCU per square kilometre | 21.99 million constant LCU per square kilometre | 28.59 million constant LCU per square kilometre | 10 |
| 2020s | 29.35 million constant LCU per square kilometre | 26.69 million constant LCU per square kilometre | 32.09 million constant LCU per square kilometre | 4 |
Countries ranked near Iceland
- 56 Madagascar 35.36 million constant LCU per square kilometre compare
- 57 Burkina Faso 33.28 million constant LCU per square kilometre compare
- 58 Guinea-Bissau 33.00 million constant LCU per square kilometre compare
- 60 Barbados 30.05 million constant LCU per square kilometre compare
- 61 Trinidad and Tobago 28.21 million constant LCU per square kilometre compare
- 62 Aruba 27.33 million constant LCU per square kilometre 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)
- Services, value added (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- 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)
Frequently asked questions
- What is gross value added at basic prices (gva) (constant lcu), per square in Iceland?
- Gross value added at basic prices (gva) (constant lcu), per square in Iceland was 32.09 million constant LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), per square recorded in Iceland?
- The highest recorded value was 32.09 million constant LCU per square kilometre in 2023.
- What is the lowest gross value added at basic prices (gva) (constant lcu), per square recorded in Iceland?
- The lowest recorded value was 13.45 million constant LCU per square kilometre in 1995.
- How does Iceland rank for gross value added at basic prices (gva) (constant lcu), per square?
- Iceland ranks 59th out of 195 countries with data for 2023.
- Is gross value added at basic prices (gva) (constant lcu), per square rising or falling in Iceland?
- Over the last ten years it is up 37.3%. 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 LCU), per square kilometre. 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 LCU) divided by Land area (sq. km), 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 LCU) ÷ Land area (sq. km)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
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 LCU) divided by Land area (sq. km), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.