Gross value added at basic prices (GVA) (current LCU), per square in Iceland
Iceland: Gross value added at basic prices (GVA) (current LCU), per square was 38.85 million current LCU per square kilometre in 2023. ◆ Volatile
Latest (2023)
38.85 million current LCU per square kilometre
Change on year
up 10.3%
World rank
70th
of 204 countries
All-time high
38.85 million current LCU per square kilometre
in 2023
All-time low
9,510 current LCU per square kilometre
in 1973
Years of data
51
1973–2023
Gross value added at basic prices (GVA) (current LCU), per square in Iceland, 1973–2023
Source: Statizoid (derived). Measured in current LCU per square kilometre.
Analysis
The most recent figure for gross value added at basic prices (gva) (current lcu), per square in Iceland is 38.85 million current LCU per square kilometre, measured in 2023. That is the highest value across all 51 years on record.
That represents a change of up 10.3% on the previous year and up 118.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), per square in Iceland peaked at 38.85 million current LCU per square kilometre in 2023 and was at its lowest, 9,510 current LCU per square kilometre, in 1973.
That places Iceland 70th out of 204 countries with data for 2023, putting it in the middle of the range.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current LCU), per square in Iceland, year by year
| Year | current LCU per square kilometre | Change |
|---|---|---|
| 1973 | 9,510 current LCU per square kilometre | — |
| 1974 | 13,476 current LCU per square kilometre | +41.7% |
| 1975 | 19,164 current LCU per square kilometre | +42.2% |
| 1976 | 26,423 current LCU per square kilometre | +37.9% |
| 1977 | 37,682 current LCU per square kilometre | +42.6% |
| 1978 | 58,508 current LCU per square kilometre | +55.3% |
| 1979 | 87,797 current LCU per square kilometre | +50.1% |
| 1980 | 141,992 current LCU per square kilometre | +61.7% |
| 1981 | 218,674 current LCU per square kilometre | +54.0% |
| 1982 | 346,453 current LCU per square kilometre | +58.4% |
| 1983 | 615,450 current LCU per square kilometre | +77.6% |
| 1984 | 808,060 current LCU per square kilometre | +31.3% |
| 1985 | 1.11 million current LCU per square kilometre | +36.7% |
| 1986 | 1.44 million current LCU per square kilometre | +30.7% |
| 1987 | 1.99 million current LCU per square kilometre | +38.1% |
| 1988 | 2.44 million current LCU per square kilometre | +22.4% |
| 1989 | 2.90 million current LCU per square kilometre | +18.7% |
| 1990 | 3.39 million current LCU per square kilometre | +17.0% |
| 1991 | 3.67 million current LCU per square kilometre | +8.2% |
| 1992 | 3.72 million current LCU per square kilometre | +1.5% |
| 1993 | 3.78 million current LCU per square kilometre | +1.5% |
| 1994 | 4.02 million current LCU per square kilometre | +6.4% |
| 1995 | 4.14 million current LCU per square kilometre | +2.8% |
| 1996 | 4.41 million current LCU per square kilometre | +6.7% |
| 1997 | 4.73 million current LCU per square kilometre | +7.2% |
| 1998 | 5.32 million current LCU per square kilometre | +12.3% |
| 1999 | 5.64 million current LCU per square kilometre | +6.1% |
| 2000 | 6.21 million current LCU per square kilometre | +10.2% |
| 2001 | 7.17 million current LCU per square kilometre | +15.4% |
| 2002 | 7.63 million current LCU per square kilometre | +6.3% |
| 2003 | 7.77 million current LCU per square kilometre | +1.9% |
| 2004 | 8.48 million current LCU per square kilometre | +9.2% |
| 2005 | 9.21 million current LCU per square kilometre | +8.6% |
| 2006 | 10.58 million current LCU per square kilometre | +14.9% |
| 2007 | 12.14 million current LCU per square kilometre | +14.7% |
| 2008 | 14.25 million current LCU per square kilometre | +17.4% |
| 2009 | 14.73 million current LCU per square kilometre | +3.3% |
| 2010 | 15.31 million current LCU per square kilometre | +4.0% |
| 2011 | 16.03 million current LCU per square kilometre | +4.7% |
| 2012 | 16.71 million current LCU per square kilometre | +4.3% |
| 2013 | 17.78 million current LCU per square kilometre | +6.4% |
| 2014 | 18.88 million current LCU per square kilometre | +6.2% |
| 2015 | 20.93 million current LCU per square kilometre | +10.8% |
| 2016 | 22.78 million current LCU per square kilometre | +8.9% |
| 2017 | 23.74 million current LCU per square kilometre | +4.2% |
| 2018 | 25.57 million current LCU per square kilometre | +7.7% |
| 2019 | 27.35 million current LCU per square kilometre | +7.0% |
| 2020 | 26.69 million current LCU per square kilometre | -2.4% |
| 2021 | 29.66 million current LCU per square kilometre | +11.1% |
| 2022 | 35.22 million current LCU per square kilometre | +18.7% |
| 2023 | 38.85 million current LCU per square kilometre | +10.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 36,080 current LCU per square kilometre | 9,510 current LCU per square kilometre | 87,797 current LCU per square kilometre | 7 |
| 1980s | 1.20 million current LCU per square kilometre | 141,992 current LCU per square kilometre | 2.90 million current LCU per square kilometre | 10 |
| 1990s | 4.28 million current LCU per square kilometre | 3.39 million current LCU per square kilometre | 5.64 million current LCU per square kilometre | 10 |
| 2000s | 9.82 million current LCU per square kilometre | 6.21 million current LCU per square kilometre | 14.73 million current LCU per square kilometre | 10 |
| 2010s | 20.51 million current LCU per square kilometre | 15.31 million current LCU per square kilometre | 27.35 million current LCU per square kilometre | 10 |
| 2020s | 32.61 million current LCU per square kilometre | 26.69 million current LCU per square kilometre | 38.85 million current LCU per square kilometre | 4 |
Countries ranked near Iceland
- 67 Burkina Faso 41.16 million current LCU per square kilometre compare
- 68 Kazakhstan 40.97 million current LCU per square kilometre compare
- 69 Mongolia 40.90 million current LCU per square kilometre compare
- 71 Thailand 35.22 million current LCU per square kilometre compare
- 72 Nepal 33.19 million current LCU per square kilometre compare
- 73 Aruba 32.47 million current 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)
- 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 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)
Frequently asked questions
- What is gross value added at basic prices (gva) (current lcu), per square in Iceland?
- Gross value added at basic prices (gva) (current lcu), per square in Iceland was 38.85 million current LCU per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), per square recorded in Iceland?
- The highest recorded value was 38.85 million current LCU per square kilometre in 2023.
- What is the lowest gross value added at basic prices (gva) (current lcu), per square recorded in Iceland?
- The lowest recorded value was 9,510 current LCU per square kilometre in 1973.
- How does Iceland rank for gross value added at basic prices (gva) (current lcu), per square?
- Iceland ranks 70th out of 204 countries with data for 2023.
- Is gross value added at basic prices (gva) (current lcu), per square rising or falling in Iceland?
- Over the last ten years it is up 118.6%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Gross value added at basic prices (GVA) (current LCU), per square kilometre. Statizoid updates them automatically from the source API.
Download this data
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How this figure is calculated
Gross value added at basic prices (GVA) (current 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) (current LCU) ÷ Land area (sq. km)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Organizations and/or Central Banks
- 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) (current 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.