How does Iceland rank for gross value added at basic prices (gva) (current us$), per unit of gdp?

Iceland ranks 128th out of 205 countries with data for 2025.

Is gross value added at basic prices (gva) (current us$), per unit of gdp rising or falling in Iceland?

Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.

Gross value added at basic prices (GVA) (current US$), per unit of GDP in Iceland

Name: Gross value added at basic prices (GVA) (current US$), per unit of GDP in Iceland
Creator: Statizoid (derived)
License: Derived by Statizoid from the sources named on the page

Iceland: Gross value added at basic prices (GVA) (current US$), per unit of GDP was 0.8994 current US$ per US$ of GDP in 2025. ▲ Rising

Latest (2025)

0.8994 current US$ per US$ of GDP

Change on year

up 1.1%

World rank

128th

of 205 countries

All-time high

0.9046 current US$ per US$ of GDP

in 1987

All-time low

0.831 current US$ per US$ of GDP

in 1977

Years of data

1973–2025

Gross value added at basic prices (GVA) (current US$), per unit of GDP in Iceland, 1973–2025

Source: Statizoid (derived). Measured in current US$ per US$ of GDP.

Analysis

In 2025, gross value added at basic prices (gva) (current us$), per unit of gdp in Iceland stood at 0.8994 current US$ per US$ of GDP.

Compared with earlier readings it is up 1.1% on the previous year and up 0.1% over ten years.

Over the whole period, gross value added at basic prices (gva) (current us$), per unit of gdp in Iceland peaked at 0.9046 current US$ per US$ of GDP in 1987 and was at its lowest, 0.831 current US$ per US$ of GDP, in 1977.

Iceland ranks 128th of 205 countries on this measure, in the middle of the range.

The long-run direction has been consistently rising across the 53 years of available data.

Gross value added at basic prices (GVA) (current US$), per unit of GDP in Iceland, year by year

Annual values for Gross value added at basic prices (GVA) (current US$), per unit of GDP in Iceland, 1973 to 2025.
Year	current US$ per US$ of GDP	Change
1973	0.8853 current US$ per US$ of GDP	—
1974	0.8619 current US$ per US$ of GDP	-2.6%
1975	0.8585 current US$ per US$ of GDP	-0.4%
1976	0.8416 current US$ per US$ of GDP	-2.0%
1977	0.831 current US$ per US$ of GDP	-1.2%
1978	0.8322 current US$ per US$ of GDP	+0.1%
1979	0.8453 current US$ per US$ of GDP	+1.6%
1980	0.8478 current US$ per US$ of GDP	+0.3%
1981	0.8394 current US$ per US$ of GDP	-1.0%
1982	0.8473 current US$ per US$ of GDP	+0.9%
1983	0.8676 current US$ per US$ of GDP	+2.4%
1984	0.8622 current US$ per US$ of GDP	-0.6%
1985	0.8642 current US$ per US$ of GDP	+0.2%
1986	0.8531 current US$ per US$ of GDP	-1.3%
1987	0.9046 current US$ per US$ of GDP	+6.0%
1988	0.9002 current US$ per US$ of GDP	-0.5%
1989	0.8678 current US$ per US$ of GDP	-3.6%
1990	0.8713 current US$ per US$ of GDP	+0.4%
1991	0.8723 current US$ per US$ of GDP	+0.1%
1992	0.8854 current US$ per US$ of GDP	+1.5%
1993	0.871 current US$ per US$ of GDP	-1.6%
1994	0.8716 current US$ per US$ of GDP	+0.1%
1995	0.8693 current US$ per US$ of GDP	-0.3%
1996	0.8655 current US$ per US$ of GDP	-0.4%
1997	0.8671 current US$ per US$ of GDP	+0.2%
1998	0.8694 current US$ per US$ of GDP	+0.3%
1999	0.8584 current US$ per US$ of GDP	-1.3%
2000	0.8671 current US$ per US$ of GDP	+1.0%
2001	0.8868 current US$ per US$ of GDP	+2.3%
2002	0.8858 current US$ per US$ of GDP	-0.1%
2003	0.8782 current US$ per US$ of GDP	-0.9%
2004	0.8677 current US$ per US$ of GDP	-1.2%
2005	0.855 current US$ per US$ of GDP	-1.5%
2006	0.8555 current US$ per US$ of GDP	+0.1%
2007	0.8652 current US$ per US$ of GDP	+1.1%
2008	0.8904 current US$ per US$ of GDP	+2.9%
2009	0.9037 current US$ per US$ of GDP	+1.5%
2010	0.902 current US$ per US$ of GDP	-0.2%
2011	0.9001 current US$ per US$ of GDP	-0.2%
2012	0.8963 current US$ per US$ of GDP	-0.4%
2013	0.8979 current US$ per US$ of GDP	+0.2%
2014	0.8978 current US$ per US$ of GDP	-0.0%
2015	0.8984 current US$ per US$ of GDP	+0.1%
2016	0.8965 current US$ per US$ of GDP	-0.2%
2017	0.8889 current US$ per US$ of GDP	-0.8%
2018	0.8923 current US$ per US$ of GDP	+0.4%
2019	0.9001 current US$ per US$ of GDP	+0.9%
2020	0.9019 current US$ per US$ of GDP	+0.2%
2021	0.8978 current US$ per US$ of GDP	-0.4%
2022	0.8998 current US$ per US$ of GDP	+0.2%
2023	0.8959 current US$ per US$ of GDP	-0.4%
2024	0.8895 current US$ per US$ of GDP	-0.7%
2025	0.8994 current US$ per US$ of GDP	+1.1%

Averages by decade

Decade	Average	Lowest	Highest	Years
1970s	0.8508 current US$ per US$ of GDP	0.831 current US$ per US$ of GDP	0.8853 current US$ per US$ of GDP	7
1980s	0.8654 current US$ per US$ of GDP	0.8394 current US$ per US$ of GDP	0.9046 current US$ per US$ of GDP	10
1990s	0.8701 current US$ per US$ of GDP	0.8584 current US$ per US$ of GDP	0.8854 current US$ per US$ of GDP	10
2000s	0.8755 current US$ per US$ of GDP	0.855 current US$ per US$ of GDP	0.9037 current US$ per US$ of GDP	10
2010s	0.897 current US$ per US$ of GDP	0.8889 current US$ per US$ of GDP	0.902 current US$ per US$ of GDP	10
2020s	0.8974 current US$ per US$ of GDP	0.8895 current US$ per US$ of GDP	0.9019 current US$ per US$ of GDP	6

Countries ranked near Iceland

125 Colombia 0.9021 current US$ per US$ of GDP compare
126 Romania 0.9009 current US$ per US$ of GDP compare
127 South Africa 0.8998 current US$ per US$ of GDP compare
129 Netherlands 0.8977 current US$ per US$ of GDP compare
130 Vanuatu 0.8977 current US$ per US$ of GDP compare
131 Jordan 0.897 current US$ per US$ of GDP compare

See the full ranking of 244 places →

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 US$), annual growth 17.56 % change on previous year (2025)
Gross value added at basic prices (GVA) (current US$), 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)
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)

All data for Iceland →

Frequently asked questions

What is gross value added at basic prices (gva) (current us$), per unit of gdp in Iceland?: Gross value added at basic prices (gva) (current us$), per unit of gdp in Iceland was 0.8994 current US$ per US$ of GDP in 2025, according to Statizoid (derived).
What is the highest gross value added at basic prices (gva) (current us$), per unit of gdp recorded in Iceland?: The highest recorded value was 0.9046 current US$ per US$ of GDP in 1987.
What is the lowest gross value added at basic prices (gva) (current us$), per unit of gdp recorded in Iceland?: The lowest recorded value was 0.831 current US$ per US$ of GDP in 1977.
How does Iceland rank for gross value added at basic prices (gva) (current us$), per unit of gdp?: Iceland ranks 128th out of 205 countries with data for 2025.
Is gross value added at basic prices (gva) (current us$), per unit of gdp rising or falling in Iceland?: Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
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 unit of GDP. Statizoid updates them automatically from the source API.

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Gross value added at basic prices (GVA) (current US$), per unit of GDP in Iceland. Statizoid, drawing on Statizoid (derived). Retrieved 29 August 2026, from https://economy.statizoid.com/stat/gross-value-added-at-basic-prices-gva-current-us-per-unit-of-gdp/iceland/

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How this figure is calculated

Gross value added at basic prices (GVA) (current US$) divided by GDP (current US$), 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 US$) ÷ GDP (current US$)

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

Indicator: Gross value added at basic prices (GVA) (current US$), per unit of GDP
Unit: current US$ per US$ of GDP
Source: Statizoid (derived)
Licence: Derived by Statizoid from the sources named on the page
Coverage: 244 places, 10,945 data points, 1960–2025
Last refreshed: 29 August 2026

Gross value added at basic prices (GVA) (current US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.