Gross value added at basic prices (GVA) (constant) … unit GDP constant in Iceland
Iceland: Gross value added at basic prices (GVA) (constant) … unit GDP constant was 83.85 constant LCU per US$ of GDP in 2025. ▼ Falling
Gross value added at basic prices (GVA) (constant LCU), per unit of in Iceland, 1995–2025
Source: Statizoid (derived). Measured in constant LCU per US$ of GDP.
Analysis
The most recent figure for gross value added at basic prices (gva) (constant lcu), per unit of in Iceland is 83.85 constant LCU per US$ of GDP, measured in 2025. That is the lowest value across all 31 years on record.
That represents a change of 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 lcu), per unit of in Iceland peaked at 213.46 constant LCU per US$ of GDP in 2001 and was at its lowest, 83.85 constant LCU per US$ of GDP, in 2025.
Iceland ranks 49th of 196 countries on this measure, in the top 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 constant in Iceland, year by year
| Year | constant LCU per US$ of GDP | Change |
|---|---|---|
| 1995 | 182.84 constant LCU per US$ of GDP | — |
| 1996 | 183.26 constant LCU per US$ of GDP | +0.2% |
| 1997 | 190.1 constant LCU per US$ of GDP | +3.7% |
| 1998 | 181.74 constant LCU per US$ of GDP | -4.4% |
| 1999 | 179.08 constant LCU per US$ of GDP | -1.5% |
| 2000 | 187.19 constant LCU per US$ of GDP | +4.5% |
| 2001 | 213.46 constant LCU per US$ of GDP | +14.0% |
| 2002 | 189.71 constant LCU per US$ of GDP | -11.1% |
| 2003 | 157.99 constant LCU per US$ of GDP | -16.7% |
| 2004 | 140.82 constant LCU per US$ of GDP | -10.9% |
| 2005 | 122.74 constant LCU per US$ of GDP | -12.8% |
| 2006 | 125.85 constant LCU per US$ of GDP | +2.5% |
| 2007 | 110.12 constant LCU per US$ of GDP | -12.5% |
| 2008 | 134.78 constant LCU per US$ of GDP | +22.4% |
| 2009 | 170.66 constant LCU per US$ of GDP | +26.6% |
| 2010 | 158.35 constant LCU per US$ of GDP | -7.2% |
| 2011 | 145.19 constant LCU per US$ of GDP | -8.3% |
| 2012 | 151.32 constant LCU per US$ of GDP | +4.2% |
| 2013 | 144.21 constant LCU per US$ of GDP | -4.7% |
| 2014 | 132.25 constant LCU per US$ of GDP | -8.3% |
| 2015 | 139.96 constant LCU per US$ of GDP | +5.8% |
| 2016 | 124.81 constant LCU per US$ of GDP | -10.8% |
| 2017 | 108.67 constant LCU per US$ of GDP | -12.9% |
| 2018 | 106.83 constant LCU per US$ of GDP | -1.7% |
| 2019 | 115.38 constant LCU per US$ of GDP | +8.0% |
| 2020 | 122.13 constant LCU per US$ of GDP | +5.9% |
| 2021 | 107.89 constant LCU per US$ of GDP | -11.7% |
| 2022 | 105.61 constant LCU per US$ of GDP | -2.1% |
| 2023 | 102.07 constant LCU per US$ of GDP | -3.4% |
| 2024 | 96.25 constant LCU per US$ of GDP | -5.7% |
| 2025 | 83.85 constant LCU per US$ of GDP | -12.9% |
Iceland compared with similar countries
- Iceland's 83.85 constant LCU per US$ of GDP is above the median for high income countries, which is 0.8613 constant LCU per US$ of GDP, 97.4× the median. (70 countries reporting)
- Iceland's 83.85 constant LCU per US$ of GDP is above the median for Europe & Central Asia, which is 0.7047 constant LCU per US$ of GDP, 119.0× the median. (54 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 183.4 constant LCU per US$ of GDP | 179.08 constant LCU per US$ of GDP | 190.1 constant LCU per US$ of GDP | 5 |
| 2000s | 155.33 constant LCU per US$ of GDP | 110.12 constant LCU per US$ of GDP | 213.46 constant LCU per US$ of GDP | 10 |
| 2010s | 132.7 constant LCU per US$ of GDP | 106.83 constant LCU per US$ of GDP | 158.35 constant LCU per US$ of GDP | 10 |
| 2020s | 102.97 constant LCU per US$ of GDP | 83.85 constant LCU per US$ of GDP | 122.13 constant LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 46 Sri Lanka 112.14 constant LCU per US$ of GDP compare
- 47 Vanuatu 106.98 constant LCU per US$ of GDP compare
- 48 Pakistan 100.64 constant LCU per US$ of GDP compare
- 50 Kenya 77.02 constant LCU per US$ of GDP compare
- 51 Jamaica 75.69 constant LCU per US$ of GDP compare
- 52 India 74.42 constant LCU 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 lcu), per unit of in Iceland?
- Gross value added at basic prices (gva) (constant lcu), per unit of in Iceland was 83.85 constant LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Iceland?
- The highest recorded value was 213.46 constant LCU per US$ of GDP in 2001.
- What is the lowest gross value added at basic prices (gva) (constant lcu), per unit of recorded in Iceland?
- The lowest recorded value was 83.85 constant LCU per US$ of GDP in 2025.
- How does Iceland rank for gross value added at basic prices (gva) (constant lcu), per unit of?
- Iceland ranks 49th out of 196 countries with data for 2025.
- Is gross value added at basic prices (gva) (constant lcu), per unit of 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 LCU), 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (constant LCU) ÷ GDP (current US$)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- 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 LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.