Real gdp growth, annual growth rate in Iceland
Iceland: Real gdp growth, annual growth rate was -125.5 % change on previous year in 2024. ◆ Volatile
Real gdp growth, annual growth rate in Iceland, 1981–2024
Source: Statizoid (derived). Measured in % change on previous year.
Analysis
In 2024, real gdp growth, annual growth rate in Iceland stood at -125.5 % change on previous year.
The figure is down 190.6% on the previous year and down 168.2% over ten years.
Over the whole period, real gdp growth, annual growth rate in Iceland peaked at 386.67 % change on previous year in 1989 and was at its lowest, -684.01 % change on previous year, in 2020.
Iceland ranks 191st of 196 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Real gdp growth, annual growth rate in Iceland, year by year
| Year | % change on previous year | Change |
|---|---|---|
| 1981 | -25.67 % change on previous year | — |
| 1982 | -49.5 % change on previous year | +92.8% |
| 1983 | -199.86 % change on previous year | +303.8% |
| 1984 | 291.96 % change on previous year | -246.1% |
| 1985 | -20.25 % change on previous year | -106.9% |
| 1986 | 90.4 % change on previous year | -546.5% |
| 1987 | 36.3 % change on previous year | -59.8% |
| 1988 | -101.05 % change on previous year | -378.4% |
| 1989 | 386.67 % change on previous year | -482.6% |
| 1990 | 353.1 % change on previous year | -8.7% |
| 1991 | -119.16 % change on previous year | -133.7% |
| 1993 | 138.91 % change on previous year | -216.6% |
| 1994 | 174.87 % change on previous year | +25.9% |
| 1995 | -96.76 % change on previous year | -155.3% |
| 1997 | -7.94 % change on previous year | -91.8% |
| 1998 | 69.28 % change on previous year | -972.9% |
| 1999 | -44.39 % change on previous year | -164.1% |
| 2000 | 25.83 % change on previous year | -158.2% |
| 2001 | -21.69 % change on previous year | -184.0% |
| 2002 | -85.89 % change on previous year | +295.9% |
| 2003 | 320.85 % change on previous year | -473.6% |
| 2004 | 234.2 % change on previous year | -27.0% |
| 2005 | -7.79 % change on previous year | -103.3% |
| 2006 | -19.31 % change on previous year | +147.8% |
| 2007 | 54.11 % change on previous year | -380.3% |
| 2008 | -80.55 % change on previous year | -248.9% |
| 2009 | -589.47 % change on previous year | +631.8% |
| 2010 | 73.3 % change on previous year | -112.4% |
| 2011 | 162.11 % change on previous year | +121.2% |
| 2012 | -15.29 % change on previous year | -109.4% |
| 2013 | 207.7 % change on previous year | -1458.4% |
| 2014 | -46.79 % change on previous year | -122.5% |
| 2015 | 96.92 % change on previous year | -307.1% |
| 2016 | 64.98 % change on previous year | -33.0% |
| 2017 | -43.95 % change on previous year | -167.6% |
| 2018 | 33.74 % change on previous year | -176.8% |
| 2019 | -75.58 % change on previous year | -324.0% |
| 2020 | -684.01 % change on previous year | +805.0% |
| 2021 | 177.96 % change on previous year | -126.0% |
| 2022 | 70.95 % change on previous year | -60.1% |
| 2023 | -43.19 % change on previous year | -160.9% |
| 2024 | -125.5 % change on previous year | +190.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1980s | 45.44 % change on previous year | -199.86 % change on previous year | 386.67 % change on previous year | 9 |
| 1990s | 58.49 % change on previous year | -119.16 % change on previous year | 353.1 % change on previous year | 8 |
| 2000s | -16.97 % change on previous year | -589.47 % change on previous year | 320.85 % change on previous year | 10 |
| 2010s | 45.71 % change on previous year | -75.58 % change on previous year | 207.7 % change on previous year | 10 |
| 2020s | -120.76 % change on previous year | -684.01 % change on previous year | 177.96 % change on previous year | 5 |
Countries ranked near Iceland
- 188 San Marino, Republic of -94.84 % change on previous year compare
- 189 Jamaica -119.48 % change on previous year compare
- 190 Palestine -123.81 % change on previous year compare
- 192 Iran, Islamic Republic of -141.63 % change on previous year compare
- 193 Botswana -193.2 % change on previous year compare
- 194 Libya -240.99 % change on previous year 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)
- 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 real gdp growth, annual growth rate in Iceland?
- Real gdp growth, annual growth rate in Iceland was -125.5 % change on previous year in 2024, according to Statizoid (derived).
- What is the highest real gdp growth, annual growth rate recorded in Iceland?
- The highest recorded value was 386.67 % change on previous year in 1989.
- What is the lowest real gdp growth, annual growth rate recorded in Iceland?
- The lowest recorded value was -684.01 % change on previous year in 2020.
- How does Iceland rank for real gdp growth, annual growth rate?
- Iceland ranks 191st out of 196 countries with data for 2024.
- Is real gdp growth, annual growth rate rising or falling in Iceland?
- Over the last ten years it is down 168.2%. 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 Real gdp growth, annual growth rate. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 42 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
The year-on-year percentage change in Real gdp growth. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.
Computed from
- Real gdp growth Our World in Data
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
The year-on-year percentage change in Real gdp growth. Computed from consecutive annual observations; years either side of a gap are skipped rather than bridged.