Gross value added at basic prices (GVA) (current US$), per capita in Iceland
Iceland: Gross value added at basic prices (GVA) (current US$), per capita was 88,429 current US$ per person in 2025. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), per capita in Iceland, 1973–2025
Source: Statizoid (derived). Measured in current US$ per person.
Analysis
The most recent figure for gross value added at basic prices (gva) (current us$), per capita in Iceland is 88,429 current US$ per person, measured in 2025. That is the highest value across all 53 years on record.
The figure is up 15.8% on the previous year and up 84.0% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), per capita in Iceland peaked at 88,429 current US$ per person in 2025 and was at its lowest, 4,982 current US$ per person, in 1973.
Iceland ranks 10th of 205 countries on this measure, in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross value added at basic prices (GVA) (current US$), per capita in Iceland, year by year
| Year | current US$ per person | Change |
|---|---|---|
| 1973 | 4,982 current US$ per person | — |
| 1974 | 6,281 current US$ per person | +26.1% |
| 1975 | 5,734 current US$ per person | -8.7% |
| 1976 | 6,605 current US$ per person | +15.2% |
| 1977 | 8,564 current US$ per person | +29.7% |
| 1978 | 9,678 current US$ per person | +13.0% |
| 1979 | 11,058 current US$ per person | +14.3% |
| 1980 | 13,006 current US$ per person | +17.6% |
| 1981 | 13,150 current US$ per person | +1.1% |
| 1982 | 12,024 current US$ per person | -8.6% |
| 1983 | 10,480 current US$ per person | -12.8% |
| 1984 | 10,672 current US$ per person | +1.8% |
| 1985 | 11,055 current US$ per person | +3.6% |
| 1986 | 14,485 current US$ per person | +31.0% |
| 1987 | 21,020 current US$ per person | +45.1% |
| 1988 | 22,782 current US$ per person | +8.4% |
| 1989 | 20,149 current US$ per person | -11.6% |
| 1990 | 22,892 current US$ per person | +13.6% |
| 1991 | 24,198 current US$ per person | +5.7% |
| 1992 | 24,854 current US$ per person | +2.7% |
| 1993 | 21,257 current US$ per person | -14.5% |
| 1994 | 21,665 current US$ per person | +1.9% |
| 1995 | 23,961 current US$ per person | +10.6% |
| 1996 | 24,740 current US$ per person | +3.3% |
| 1997 | 24,678 current US$ per person | -0.3% |
| 1998 | 27,404 current US$ per person | +11.0% |
| 1999 | 28,184 current US$ per person | +2.8% |
| 2000 | 28,183 current US$ per person | -0.0% |
| 2001 | 25,901 current US$ per person | -8.1% |
| 2002 | 29,010 current US$ per person | +12.0% |
| 2003 | 35,081 current US$ per person | +20.9% |
| 2004 | 41,486 current US$ per person | +18.3% |
| 2005 | 49,406 current US$ per person | +19.1% |
| 2006 | 49,769 current US$ per person | +0.7% |
| 2007 | 60,982 current US$ per person | +22.5% |
| 2008 | 51,187 current US$ per person | -16.1% |
| 2009 | 37,488 current US$ per person | -26.8% |
| 2010 | 39,486 current US$ per person | +5.3% |
| 2011 | 43,436 current US$ per person | +10.0% |
| 2012 | 41,761 current US$ per person | -3.9% |
| 2013 | 45,052 current US$ per person | +7.9% |
| 2014 | 49,507 current US$ per person | +9.9% |
| 2015 | 48,070 current US$ per person | -2.9% |
| 2016 | 56,348 current US$ per person | +17.2% |
| 2017 | 64,867 current US$ per person | +15.1% |
| 2018 | 67,488 current US$ per person | +4.0% |
| 2019 | 62,371 current US$ per person | -7.6% |
| 2020 | 54,228 current US$ per person | -13.1% |
| 2021 | 63,229 current US$ per person | +16.6% |
| 2022 | 68,726 current US$ per person | +8.7% |
| 2023 | 73,642 current US$ per person | +7.2% |
| 2024 | 76,371 current US$ per person | +3.7% |
| 2025 | 88,429 current US$ per person | +15.8% |
Iceland compared with similar countries
- Iceland's 88,429 current US$ per person is above the median for high income countries, which is 34,455 current US$ per person, 2.6× the median. (77 countries reporting)
- Iceland's 88,429 current US$ per person is above the median for Europe & Central Asia, which is 27,318 current US$ per person, 3.2× the median. (56 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 7,558 current US$ per person | 4,982 current US$ per person | 11,058 current US$ per person | 7 |
| 1980s | 14,882 current US$ per person | 10,480 current US$ per person | 22,782 current US$ per person | 10 |
| 1990s | 24,383 current US$ per person | 21,257 current US$ per person | 28,184 current US$ per person | 10 |
| 2000s | 40,849 current US$ per person | 25,901 current US$ per person | 60,982 current US$ per person | 10 |
| 2010s | 51,839 current US$ per person | 39,486 current US$ per person | 67,488 current US$ per person | 10 |
| 2020s | 70,771 current US$ per person | 54,228 current US$ per person | 88,429 current US$ per person | 6 |
Countries ranked near Iceland
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) (current us$), per capita in Iceland?
- Gross value added at basic prices (gva) (current us$), per capita in Iceland was 88,429 current US$ per person in 2025, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), per capita recorded in Iceland?
- The highest recorded value was 88,429 current US$ per person in 2025.
- What is the lowest gross value added at basic prices (gva) (current us$), per capita recorded in Iceland?
- The lowest recorded value was 4,982 current US$ per person in 1973.
- How does Iceland rank for gross value added at basic prices (gva) (current us$), per capita?
- Iceland ranks 10th out of 205 countries with data for 2025.
- Is gross value added at basic prices (gva) (current us$), per capita rising or falling in Iceland?
- Over the last ten years it is up 84.0%. 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 US$), per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 53 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Gross value added at basic prices (GVA) (current US$) divided by Population, total, 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 US$) ÷ Population, total
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- Population, total World Population Prospects, United Nations (UN)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (current US$) divided by Population, total, matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.