Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Iceland
Iceland: Services, value added (constant 2015 US$), per unit of GDP (unit GDP) was 0.3978 constant 2015 US$ per US$ of GDP in 2025. ▼ Falling
Services, value added (constant 2015 US$), per unit of GDP in Iceland, 1995–2025
Source: Statizoid (derived). Measured in constant 2015 US$ per US$ of GDP.
Analysis
The most recent figure for services, value added (constant 2015 us$), per unit of gdp in Iceland is 0.3978 constant 2015 US$ per US$ of GDP, measured in 2025. That is the lowest value across all 31 years on record.
The figure is down 12.1% on the previous year and down 38.4% over ten years.
Over the whole period, services, value added (constant 2015 us$), per unit of gdp in Iceland peaked at 0.9458 constant 2015 US$ per US$ of GDP in 2001 and was at its lowest, 0.3978 constant 2015 US$ per US$ of GDP, in 2025.
Iceland ranks 139th of 195 countries on this measure, in the middle of the range.
The long-run direction has been consistently falling across the 31 years of available data.
Services, value added (constant 2015 US$), per unit of GDP (unit GDP) in Iceland, year by year
| Year | constant 2015 US$ per US$ of GDP | Change |
|---|---|---|
| 1995 | 0.7611 constant 2015 US$ per US$ of GDP | — |
| 1996 | 0.7672 constant 2015 US$ per US$ of GDP | +0.8% |
| 1997 | 0.8071 constant 2015 US$ per US$ of GDP | +5.2% |
| 1998 | 0.7934 constant 2015 US$ per US$ of GDP | -1.7% |
| 1999 | 0.7916 constant 2015 US$ per US$ of GDP | -0.2% |
| 2000 | 0.8259 constant 2015 US$ per US$ of GDP | +4.3% |
| 2001 | 0.9458 constant 2015 US$ per US$ of GDP | +14.5% |
| 2002 | 0.8471 constant 2015 US$ per US$ of GDP | -10.4% |
| 2003 | 0.7121 constant 2015 US$ per US$ of GDP | -15.9% |
| 2004 | 0.6261 constant 2015 US$ per US$ of GDP | -12.1% |
| 2005 | 0.5415 constant 2015 US$ per US$ of GDP | -13.5% |
| 2006 | 0.5504 constant 2015 US$ per US$ of GDP | +1.6% |
| 2007 | 0.49 constant 2015 US$ per US$ of GDP | -11.0% |
| 2008 | 0.6093 constant 2015 US$ per US$ of GDP | +24.3% |
| 2009 | 0.7995 constant 2015 US$ per US$ of GDP | +31.2% |
| 2010 | 0.7439 constant 2015 US$ per US$ of GDP | -7.0% |
| 2011 | 0.6829 constant 2015 US$ per US$ of GDP | -8.2% |
| 2012 | 0.7059 constant 2015 US$ per US$ of GDP | +3.4% |
| 2013 | 0.6716 constant 2015 US$ per US$ of GDP | -4.9% |
| 2014 | 0.6113 constant 2015 US$ per US$ of GDP | -9.0% |
| 2015 | 0.6453 constant 2015 US$ per US$ of GDP | +5.6% |
| 2016 | 0.5767 constant 2015 US$ per US$ of GDP | -10.6% |
| 2017 | 0.5048 constant 2015 US$ per US$ of GDP | -12.5% |
| 2018 | 0.4926 constant 2015 US$ per US$ of GDP | -2.4% |
| 2019 | 0.5403 constant 2015 US$ per US$ of GDP | +9.7% |
| 2020 | 0.5622 constant 2015 US$ per US$ of GDP | +4.1% |
| 2021 | 0.4995 constant 2015 US$ per US$ of GDP | -11.1% |
| 2022 | 0.4931 constant 2015 US$ per US$ of GDP | -1.3% |
| 2023 | 0.4801 constant 2015 US$ per US$ of GDP | -2.6% |
| 2024 | 0.4527 constant 2015 US$ per US$ of GDP | -5.7% |
| 2025 | 0.3978 constant 2015 US$ per US$ of GDP | -12.1% |
Iceland compared with similar countries
- Iceland's 0.3978 constant 2015 US$ per US$ of GDP is below the median for high income countries, which is 0.529 constant 2015 US$ per US$ of GDP, 75% of the median. (69 countries reporting)
- Iceland's 0.3978 constant 2015 US$ per US$ of GDP is below the median for Europe & Central Asia, which is 0.4391 constant 2015 US$ per US$ of GDP, 91% of the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 0.7841 constant 2015 US$ per US$ of GDP | 0.7611 constant 2015 US$ per US$ of GDP | 0.8071 constant 2015 US$ per US$ of GDP | 5 |
| 2000s | 0.6948 constant 2015 US$ per US$ of GDP | 0.49 constant 2015 US$ per US$ of GDP | 0.9458 constant 2015 US$ per US$ of GDP | 10 |
| 2010s | 0.6175 constant 2015 US$ per US$ of GDP | 0.4926 constant 2015 US$ per US$ of GDP | 0.7439 constant 2015 US$ per US$ of GDP | 10 |
| 2020s | 0.4809 constant 2015 US$ per US$ of GDP | 0.3978 constant 2015 US$ per US$ of GDP | 0.5622 constant 2015 US$ per US$ of GDP | 6 |
Countries ranked near Iceland
- 136 Azerbaijan 0.4008 constant 2015 US$ per US$ of GDP compare
- 137 Bangladesh 0.3989 constant 2015 US$ per US$ of GDP compare
- 138 Mauritania 0.3984 constant 2015 US$ per US$ of GDP compare
- 140 Tonga 0.3972 constant 2015 US$ per US$ of GDP compare
- 141 Peru 0.3933 constant 2015 US$ per US$ of GDP compare
- 142 Slovenia 0.3929 constant 2015 US$ per US$ of GDP 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 services, value added (constant 2015 us$), per unit of gdp in Iceland?
- Services, value added (constant 2015 us$), per unit of gdp in Iceland was 0.3978 constant 2015 US$ per US$ of GDP in 2025, according to Statizoid (derived).
- What is the highest services, value added (constant 2015 us$), per unit of gdp recorded in Iceland?
- The highest recorded value was 0.9458 constant 2015 US$ per US$ of GDP in 2001.
- What is the lowest services, value added (constant 2015 us$), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.3978 constant 2015 US$ per US$ of GDP in 2025.
- How does Iceland rank for services, value added (constant 2015 us$), per unit of gdp?
- Iceland ranks 139th out of 195 countries with data for 2025.
- Is services, value added (constant 2015 us$), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is down 38.4%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Services, value added (constant 2015 US$), per unit of GDP. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 31 observations, free to reuse under Derived by Statizoid from the sources named on the page.
How this figure is calculated
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Services, value added (constant 2015 US$) ÷ GDP (current US$)
Computed from
- Services, value added Country official statistics, National Statistical Offices (NSOs)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Services, value added (constant 2015 US$) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.