Gross value added at basic prices (GVA) (current US$), per square in Iceland
Iceland: Gross value added at basic prices (GVA) (current US$), per square was 281,670 current US$ per square kilometre in 2023. ◆ Volatile
Gross value added at basic prices (GVA) (current US$), per square in Iceland, 1973–2023
Source: Statizoid (derived). Measured in current US$ per square kilometre.
Analysis
In 2023, gross value added at basic prices (gva) (current us$), per square in Iceland stood at 281,670 current US$ per square kilometre. That is the highest value across all 51 years on record.
That represents a change of up 8.2% on the previous year and up 93.6% over ten years.
Over the whole period, gross value added at basic prices (gva) (current us$), per square in Iceland peaked at 281,670 current US$ per square kilometre in 2023 and was at its lowest, 10,551 current US$ per square kilometre, in 1973.
That places Iceland 128th 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 US$), per square in Iceland, year by year
| Year | current US$ per square kilometre | Change |
|---|---|---|
| 1973 | 10,551 current US$ per square kilometre | — |
| 1974 | 13,483 current US$ per square kilometre | +27.8% |
| 1975 | 12,469 current US$ per square kilometre | -7.5% |
| 1976 | 14,505 current US$ per square kilometre | +16.3% |
| 1977 | 18,948 current US$ per square kilometre | +30.6% |
| 1978 | 21,581 current US$ per square kilometre | +13.9% |
| 1979 | 24,900 current US$ per square kilometre | +15.4% |
| 1980 | 29,596 current US$ per square kilometre | +18.9% |
| 1981 | 30,270 current US$ per square kilometre | +2.3% |
| 1982 | 28,050 current US$ per square kilometre | -7.3% |
| 1983 | 24,774 current US$ per square kilometre | -11.7% |
| 1984 | 25,496 current US$ per square kilometre | +2.9% |
| 1985 | 26,622 current US$ per square kilometre | +4.4% |
| 1986 | 35,137 current US$ per square kilometre | +32.0% |
| 1987 | 51,552 current US$ per square kilometre | +46.7% |
| 1988 | 56,754 current US$ per square kilometre | +10.1% |
| 1989 | 50,820 current US$ per square kilometre | -10.5% |
| 1990 | 58,189 current US$ per square kilometre | +14.5% |
| 1991 | 62,227 current US$ per square kilometre | +6.9% |
| 1992 | 64,723 current US$ per square kilometre | +4.0% |
| 1993 | 55,920 current US$ per square kilometre | -13.6% |
| 1994 | 57,490 current US$ per square kilometre | +2.8% |
| 1995 | 63,929 current US$ per square kilometre | +11.2% |
| 1996 | 66,365 current US$ per square kilometre | +3.8% |
| 1997 | 66,743 current US$ per square kilometre | +0.6% |
| 1998 | 74,911 current US$ per square kilometre | +12.2% |
| 1999 | 77,983 current US$ per square kilometre | +4.1% |
| 2000 | 79,055 current US$ per square kilometre | +1.4% |
| 2001 | 73,625 current US$ per square kilometre | -6.9% |
| 2002 | 83,204 current US$ per square kilometre | +13.0% |
| 2003 | 101,314 current US$ per square kilometre | +21.8% |
| 2004 | 120,869 current US$ per square kilometre | +19.3% |
| 2005 | 146,238 current US$ per square kilometre | +21.0% |
| 2006 | 150,811 current US$ per square kilometre | +3.1% |
| 2007 | 189,525 current US$ per square kilometre | +25.7% |
| 2008 | 162,071 current US$ per square kilometre | -14.5% |
| 2009 | 119,101 current US$ per square kilometre | -26.5% |
| 2010 | 125,270 current US$ per square kilometre | +5.2% |
| 2011 | 138,221 current US$ per square kilometre | +10.3% |
| 2012 | 133,600 current US$ per square kilometre | -3.3% |
| 2013 | 145,499 current US$ per square kilometre | +8.9% |
| 2014 | 161,675 current US$ per square kilometre | +11.1% |
| 2015 | 158,626 current US$ per square kilometre | -1.9% |
| 2016 | 188,542 current US$ per square kilometre | +18.9% |
| 2017 | 222,198 current US$ per square kilometre | +17.9% |
| 2018 | 236,084 current US$ per square kilometre | +6.2% |
| 2019 | 223,036 current US$ per square kilometre | -5.5% |
| 2020 | 197,089 current US$ per square kilometre | -11.6% |
| 2021 | 233,603 current US$ per square kilometre | +18.5% |
| 2022 | 260,376 current US$ per square kilometre | +11.5% |
| 2023 | 281,670 current US$ per square kilometre | +8.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 16,634 current US$ per square kilometre | 10,551 current US$ per square kilometre | 24,900 current US$ per square kilometre | 7 |
| 1980s | 35,907 current US$ per square kilometre | 24,774 current US$ per square kilometre | 56,754 current US$ per square kilometre | 10 |
| 1990s | 64,848 current US$ per square kilometre | 55,920 current US$ per square kilometre | 77,983 current US$ per square kilometre | 10 |
| 2000s | 122,581 current US$ per square kilometre | 73,625 current US$ per square kilometre | 189,525 current US$ per square kilometre | 10 |
| 2010s | 173,275 current US$ per square kilometre | 125,270 current US$ per square kilometre | 236,084 current US$ per square kilometre | 10 |
| 2020s | 243,184 current US$ per square kilometre | 197,089 current US$ per square kilometre | 281,670 current US$ per square kilometre | 4 |
Countries ranked near Iceland
- 125 Tunisia 296,817 current US$ per square kilometre compare
- 126 Morocco 295,046 current US$ per square kilometre compare
- 127 South Africa 282,427 current US$ per square kilometre compare
- 129 Honduras 276,431 current US$ per square kilometre compare
- 130 Ukraine 274,774 current US$ per square kilometre compare
- 131 Iran 273,959 current US$ 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) (current us$), per square in Iceland?
- Gross value added at basic prices (gva) (current us$), per square in Iceland was 281,670 current US$ per square kilometre in 2023, according to Statizoid (derived).
- What is the highest gross value added at basic prices (gva) (current us$), per square recorded in Iceland?
- The highest recorded value was 281,670 current US$ per square kilometre in 2023.
- What is the lowest gross value added at basic prices (gva) (current us$), per square recorded in Iceland?
- The lowest recorded value was 10,551 current US$ per square kilometre in 1973.
- How does Iceland rank for gross value added at basic prices (gva) (current us$), per square?
- Iceland ranks 128th out of 204 countries with data for 2023.
- Is gross value added at basic prices (gva) (current us$), per square rising or falling in Iceland?
- Over the last ten years it is up 93.6%. 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 US$), per square kilometre. Statizoid updates them automatically from the source API.
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How this figure is calculated
Gross value added at basic prices (GVA) (current US$) 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 US$) ÷ Land area (sq. km)
Computed from
- Gross value added at basic prices (GVA) Country official statistics, National Statistical Offices (NSOs)
- Land area FAOSTAT, Food and Agriculture Organization of the United Nations (FAO)
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Gross value added at basic prices (GVA) (current US$) 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.