Gross value added at basic prices (GVA) (current LCU), per unit of GDP in Iceland
Iceland: Gross value added at basic prices (GVA) (current LCU), per unit of GDP was 115.52 current LCU per US$ of GDP in 2025. ◆ Volatile
Gross value added at basic prices (GVA) (current LCU), per unit of GDP in Iceland, 1973–2025
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
The most recent figure for gross value added at basic prices (gva) (current lcu), per unit of gdp in Iceland is 115.52 current LCU per US$ of GDP, measured in 2025.
That represents a change of down 5.9% on the previous year and down 2.5% over ten years.
Over the whole period, gross value added at basic prices (gva) (current lcu), per unit of gdp in Iceland peaked at 123.58 current LCU per US$ of GDP in 2023 and was at its lowest, 0.7979 current LCU per US$ of GDP, in 1973.
That places Iceland 60th out of 205 countries with data for 2025, 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 unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1973 | 0.7979 current LCU per US$ of GDP | — |
| 1974 | 0.8615 current LCU per US$ of GDP | +8.0% |
| 1975 | 1.32 current LCU per US$ of GDP | +53.2% |
| 1976 | 1.53 current LCU per US$ of GDP | +16.2% |
| 1977 | 1.65 current LCU per US$ of GDP | +7.8% |
| 1978 | 2.26 current LCU per US$ of GDP | +36.5% |
| 1979 | 2.98 current LCU per US$ of GDP | +32.1% |
| 1980 | 4.07 current LCU per US$ of GDP | +36.5% |
| 1981 | 6.06 current LCU per US$ of GDP | +49.1% |
| 1982 | 10.47 current LCU per US$ of GDP | +72.6% |
| 1983 | 21.55 current LCU per US$ of GDP | +105.9% |
| 1984 | 27.33 current LCU per US$ of GDP | +26.8% |
| 1985 | 35.87 current LCU per US$ of GDP | +31.3% |
| 1986 | 35.07 current LCU per US$ of GDP | -2.2% |
| 1987 | 34.99 current LCU per US$ of GDP | -0.2% |
| 1988 | 38.72 current LCU per US$ of GDP | +10.7% |
| 1989 | 49.5 current LCU per US$ of GDP | +27.8% |
| 1990 | 50.78 current LCU per US$ of GDP | +2.6% |
| 1991 | 51.46 current LCU per US$ of GDP | +1.3% |
| 1992 | 50.95 current LCU per US$ of GDP | -1.0% |
| 1993 | 58.88 current LCU per US$ of GDP | +15.6% |
| 1994 | 60.96 current LCU per US$ of GDP | +3.5% |
| 1995 | 56.24 current LCU per US$ of GDP | -7.8% |
| 1996 | 57.56 current LCU per US$ of GDP | +2.4% |
| 1997 | 61.48 current LCU per US$ of GDP | +6.8% |
| 1998 | 61.69 current LCU per US$ of GDP | +0.3% |
| 1999 | 62.09 current LCU per US$ of GDP | +0.6% |
| 2000 | 68.17 current LCU per US$ of GDP | +9.8% |
| 2001 | 86.39 current LCU per US$ of GDP | +26.7% |
| 2002 | 81.2 current LCU per US$ of GDP | -6.0% |
| 2003 | 67.37 current LCU per US$ of GDP | -17.0% |
| 2004 | 60.91 current LCU per US$ of GDP | -9.6% |
| 2005 | 53.85 current LCU per US$ of GDP | -11.6% |
| 2006 | 60.04 current LCU per US$ of GDP | +11.5% |
| 2007 | 55.42 current LCU per US$ of GDP | -7.7% |
| 2008 | 78.31 current LCU per US$ of GDP | +41.3% |
| 2009 | 111.73 current LCU per US$ of GDP | +42.7% |
| 2010 | 110.26 current LCU per US$ of GDP | -1.3% |
| 2011 | 104.37 current LCU per US$ of GDP | -5.3% |
| 2012 | 112.11 current LCU per US$ of GDP | +7.4% |
| 2013 | 109.71 current LCU per US$ of GDP | -2.1% |
| 2014 | 104.84 current LCU per US$ of GDP | -4.4% |
| 2015 | 118.52 current LCU per US$ of GDP | +13.0% |
| 2016 | 108.31 current LCU per US$ of GDP | -8.6% |
| 2017 | 94.97 current LCU per US$ of GDP | -12.3% |
| 2018 | 96.64 current LCU per US$ of GDP | +1.8% |
| 2019 | 110.35 current LCU per US$ of GDP | +14.2% |
| 2020 | 122.13 current LCU per US$ of GDP | +10.7% |
| 2021 | 114.01 current LCU per US$ of GDP | -6.6% |
| 2022 | 121.73 current LCU per US$ of GDP | +6.8% |
| 2023 | 123.58 current LCU per US$ of GDP | +1.5% |
| 2024 | 122.71 current LCU per US$ of GDP | -0.7% |
| 2025 | 115.52 current LCU per US$ of GDP | -5.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.63 current LCU per US$ of GDP | 0.7979 current LCU per US$ of GDP | 2.98 current LCU per US$ of GDP | 7 |
| 1980s | 26.36 current LCU per US$ of GDP | 4.07 current LCU per US$ of GDP | 49.5 current LCU per US$ of GDP | 10 |
| 1990s | 57.21 current LCU per US$ of GDP | 50.78 current LCU per US$ of GDP | 62.09 current LCU per US$ of GDP | 10 |
| 2000s | 72.34 current LCU per US$ of GDP | 53.85 current LCU per US$ of GDP | 111.73 current LCU per US$ of GDP | 10 |
| 2010s | 107.01 current LCU per US$ of GDP | 94.97 current LCU per US$ of GDP | 118.52 current LCU per US$ of GDP | 10 |
| 2020s | 119.95 current LCU per US$ of GDP | 114.01 current LCU per US$ of GDP | 123.58 current LCU per US$ of GDP | 6 |
Countries ranked near Iceland
- 57 Nepal 119.9 current LCU per US$ of GDP compare
- 58 Kenya 119.65 current LCU per US$ of GDP compare
- 59 Bangladesh 117.94 current LCU per US$ of GDP compare
- 61 Ethiopia 114.9 current LCU per US$ of GDP compare
- 62 Vanuatu 106.98 current LCU per US$ of GDP compare
- 63 New Caledonia 95.19 current 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)
- 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 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)
- 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) (current lcu), per unit of gdp in Iceland?
- Gross value added at basic prices (gva) (current lcu), per unit of gdp in Iceland was 115.52 current LCU per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 123.58 current LCU per US$ of GDP in 2023.
- What is the lowest gross value added at basic prices (gva) (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.7979 current LCU per US$ of GDP in 1973.
- How does Iceland rank for gross value added at basic prices (gva) (current lcu), per unit of gdp?
- Iceland ranks 60th out of 205 countries with data for 2025.
- Is gross value added at basic prices (gva) (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 2.5%. 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 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) (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Gross value added at basic prices (GVA) (current LCU) ÷ GDP (current US$)
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) (current 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.