GDP price levels relative to the US in Iceland
Iceland: GDP price levels relative to the US was 1.03 in 2024. ▬ Flat
Latest (2024)
1.03
Change on year
up 2.8%
World rank
6th
of 202 countries
All-time high
1.68
in 2007
All-time low
0.9064
in 2001
Years of data
35
1990–2024
GDP price levels relative to the US in Iceland, 1990–2024
Source: World Development Indicators - World Bank (2026) – processed by Our World in Data.
Analysis
In 2024, gdp price levels relative to the us in Iceland stood at 1.03.
Compared with earlier readings it is up 2.8% on the previous year and down 13.4% over ten years.
Over the whole period, gdp price levels relative to the us in Iceland peaked at 1.68 in 2007 and was at its lowest, 0.9064, in 2001.
That places Iceland 6th out of 202 countries with data for 2024, putting it in the top 10%.
GDP price levels relative to the US in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 1.15 | — |
| 1991 | 1.2 | +3.6% |
| 1992 | 1.24 | +3.7% |
| 1993 | 1.05 | -15.3% |
| 1994 | 1.02 | -2.9% |
| 1995 | 1.11 | +9.1% |
| 1996 | 1.11 | +0.2% |
| 1997 | 1.04 | -6.8% |
| 1998 | 1.08 | +4.0% |
| 1999 | 1.1 | +1.4% |
| 2000 | 1.08 | -1.7% |
| 2001 | 0.9064 | -15.9% |
| 2002 | 0.9939 | +9.7% |
| 2003 | 1.21 | +21.5% |
| 2004 | 1.33 | +10.1% |
| 2005 | 1.52 | +14.5% |
| 2006 | 1.45 | -4.8% |
| 2007 | 1.68 | +15.7% |
| 2008 | 1.3 | -22.3% |
| 2009 | 0.9861 | -24.3% |
| 2010 | 1.09 | +10.3% |
| 2011 | 1.17 | +7.2% |
| 2012 | 1.1 | -6.1% |
| 2013 | 1.12 | +2.4% |
| 2014 | 1.19 | +5.8% |
| 2015 | 1.08 | -9.3% |
| 2016 | 1.16 | +7.7% |
| 2017 | 1.29 | +11.7% |
| 2018 | 1.3 | +0.6% |
| 2019 | 1.13 | -13.1% |
| 2020 | 1.06 | -6.5% |
| 2021 | 1.12 | +6.1% |
| 2022 | 0.9972 | -11.2% |
| 2023 | 0.9993 | +0.2% |
| 2024 | 1.03 | +2.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.11 | 1.02 | 1.24 | 10 |
| 2000s | 1.24 | 0.9064 | 1.68 | 10 |
| 2010s | 1.16 | 1.08 | 1.3 | 10 |
| 2020s | 1.04 | 0.9972 | 1.12 | 5 |
Countries ranked near Iceland
- 3 Switzerland 1.08 compare
- 4 Barbados 1.07 compare
- 5 Tuvalu 1.03 compare
- 7 United States of America 1 compare
- 8 Turks and Caicos Islands 0.9882 compare
- 9 Naoero 0.9602 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 capital formation (constant 2015 US$), annual growth rate 5.88 % change on previous year (2025)
- Gross capital formation (constant 2015 US$), per unit of GDP 0.1585 constant 2015 US$ per US$ of GDP (2025)
- Gross capital formation (constant 2015 US$), per capita 15,584 constant 2015 US$ per person (2025)
- Imports of goods and services (current US$), annual growth rate 12.67 % change on previous year (2025)
- Imports of goods and services (current US$), per unit of GDP 0.4237 current US$ per US$ of GDP (2025)
- Imports of goods and services (current US$), per capita 41,663 current US$ per person (2025)
- Imports of goods and services (current LCU), annual growth rate 4.9 % change on previous year (2025)
- Imports of goods and services (current LCU), per unit of GDP 54.43 current LCU per US$ of GDP (2025)
Frequently asked questions
- What is gdp price levels relative to the us in Iceland?
- Gdp price levels relative to the us in Iceland was 1.03 in 2024, according to World Development Indicators - World Bank (2026) – processed by Our World in Data.
- What is the highest gdp price levels relative to the us recorded in Iceland?
- The highest recorded value was 1.68 in 2007.
- What is the lowest gdp price levels relative to the us recorded in Iceland?
- The lowest recorded value was 0.9064 in 2001.
- How does Iceland rank for gdp price levels relative to the us?
- Iceland ranks 6th out of 202 countries with data for 2024.
- Is gdp price levels relative to the us rising or falling in Iceland?
- Over the last ten years it is down 13.4%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from World Development Indicators - World Bank (2026) – processed by Our World in Data, published as part of GDP price levels relative to the US. Statizoid updates them automatically from the source API.
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About this data
Ratio of Purchasing Power Parity (PPP) conversion factor to market exchange rate.