Key tourism economic indicators — Tourism share of GVA in Iceland
Iceland: Key tourism economic indicators — Tourism share of GVA was 7.4 Percentage of gross value added in 2024. ▲ Rising
Key tourism economic indicators — Tourism share of GVA in Iceland, 2009–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of gross value added.
Analysis
The most recent figure for key tourism economic indicators — tourism share of gva in Iceland is 7.4 Percentage of gross value added, measured in 2024.
Compared with earlier readings it is down 3.9% on the previous year and up 39.6% over ten years.
Over the whole period, key tourism economic indicators — tourism share of gva in Iceland peaked at 7.7 Percentage of gross value added in 2023 and was at its lowest, 2.7 Percentage of gross value added, in 2020.
That places Iceland 4th out of 38 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 16 years of available data.
Key tourism economic indicators — Tourism share of GVA in Iceland, year by year
| Year | Percentage of gross value added | Change |
|---|---|---|
| 2009 | 3.4 Percentage of gross value added | — |
| 2010 | 3.3 Percentage of gross value added | -2.9% |
| 2011 | 3.5 Percentage of gross value added | +6.1% |
| 2012 | 4 Percentage of gross value added | +14.3% |
| 2013 | 4.5 Percentage of gross value added | +12.5% |
| 2014 | 5.3 Percentage of gross value added | +17.8% |
| 2015 | 6.2 Percentage of gross value added | +17.0% |
| 2016 | 7.5 Percentage of gross value added | +21.0% |
| 2017 | 7.5 Percentage of gross value added | +0.0% |
| 2018 | 7.5 Percentage of gross value added | +0.0% |
| 2019 | 7.5 Percentage of gross value added | +0.0% |
| 2020 | 2.7 Percentage of gross value added | -64.0% |
| 2021 | 4.5 Percentage of gross value added | +66.7% |
| 2022 | 6.9 Percentage of gross value added | +53.3% |
| 2023 | 7.7 Percentage of gross value added | +11.6% |
| 2024 | 7.4 Percentage of gross value added | -3.9% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 3.4 Percentage of gross value added | 3.4 Percentage of gross value added | 3.4 Percentage of gross value added | 1 |
| 2010s | 5.68 Percentage of gross value added | 3.3 Percentage of gross value added | 7.5 Percentage of gross value added | 10 |
| 2020s | 5.84 Percentage of gross value added | 2.7 Percentage of gross value added | 7.7 Percentage of gross value added | 5 |
Countries ranked near Iceland
- 1 Austria 11.8 Percentage of gross value added compare
- 1 Türkiye 5.1 Percentage of gross value added compare
- 2 Mexico 8.7 Percentage of gross value added compare
- 3 Portugal 8.1 Percentage of gross value added compare
- 5 Greece 7.3 Percentage of gross value added compare
- 6 Morocco 6.8 Percentage of gross value added compare
- 7 Spain 6.2 Percentage of gross value added 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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is key tourism economic indicators — tourism share of gva in Iceland?
- Key tourism economic indicators — tourism share of gva in Iceland was 7.4 Percentage of gross value added in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest key tourism economic indicators — tourism share of gva recorded in Iceland?
- The highest recorded value was 7.7 Percentage of gross value added in 2023.
- What is the lowest key tourism economic indicators — tourism share of gva recorded in Iceland?
- The lowest recorded value was 2.7 Percentage of gross value added in 2020.
- How does Iceland rank for key tourism economic indicators — tourism share of gva?
- Iceland ranks 4th out of 38 countries with data for 2024.
- Is key tourism economic indicators — tourism share of gva rising or falling in Iceland?
- Over the last ten years it is up 39.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Key tourism economic indicators — Tourism share of GVA (direct). Statizoid updates them automatically from the source API.
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About this data
Tourism GDP corresponds to the part of GDP generated by all industries in response to internal tourism consumption. A further distinction must be made between direct tourism GDP and indirect tourism GDP. Put simply, tourism direct GDP is generated by industries directly in contact with visitors, while indirect tourism GDP is generated by industries supplying inputs to industries directly in contact with the visitors. The Tourism Staellite Account (TSA) Framework limits its recommendations to the evaluation of direct tourism GDP.