Spending by international visitors while visiting a country as a share of GDP in Iceland
Iceland: Spending by international visitors while visiting a country as a share of GDP was 9.7% in 2024. ▲ Rising
Spending by international visitors while visiting a country as a share of GDP in Iceland, 1995–2024
Source: UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in %.
Analysis
Iceland recorded 9.7% for spending by international visitors while visiting a country as a share of gdp in 2024.
That represents a change of down 2.1% on the previous year and up 227.4% over five years.
Over the whole period, spending by international visitors while visiting a country as a share of gdp in Iceland peaked at 9.9% in 2023 and was at its lowest, 3.0%, in 2020.
Iceland ranks 42nd of 191 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Spending by international visitors while visiting a country as a share of GDP in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 1995 | 4.2% | — |
| 1996 | 4.1% | -3.2% |
| 1997 | 4.1% | +0.2% |
| 1998 | 4.3% | +5.8% |
| 1999 | 4.2% | -3.1% |
| 2000 | 4.2% | +1.2% |
| 2001 | 4.6% | +9.0% |
| 2002 | 4.4% | -4.2% |
| 2003 | 4.2% | -4.6% |
| 2004 | 4.0% | -4.9% |
| 2005 | 3.7% | -7.3% |
| 2006 | 4.0% | +7.3% |
| 2007 | 3.9% | -2.8% |
| 2008 | 4.8% | +25.0% |
| 2020 | 3.0% | -38.6% |
| 2021 | 5.0% | +67.4% |
| 2022 | 8.5% | +70.3% |
| 2023 | 9.9% | +17.3% |
| 2024 | 9.7% | -2.1% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.2% | 4.1% | 4.3% | 5 |
| 2000s | 4.2% | 3.7% | 4.8% | 9 |
| 2020s | 7.2% | 3.0% | 9.9% | 5 |
Countries ranked near Iceland
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 (current US$), annual growth rate 17.72 % change on previous year (2025)
- Gross capital formation (current US$), per unit of GDP 0.2657 current US$ per US$ of GDP (2025)
- Gross capital formation (current US$), per capita 26,128 current US$ per person (2025)
- Gross capital formation (current LCU), annual growth rate 9.6 % change on previous year (2025)
- Gross capital formation (current LCU), per unit of GDP 34.13 current LCU per US$ of GDP (2025)
- Gross capital formation (current LCU), per capita 3.36 million current LCU per person (2025)
- 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)
Frequently asked questions
- What is spending by international visitors while visiting a country as a share of gdp in Iceland?
- Spending by international visitors while visiting a country as a share of gdp in Iceland was 9.7% in 2024, according to UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest spending by international visitors while visiting a country as a share of gdp recorded in Iceland?
- The highest recorded value was 9.9% in 2023.
- What is the lowest spending by international visitors while visiting a country as a share of gdp recorded in Iceland?
- The lowest recorded value was 3.0% in 2020.
- How does Iceland rank for spending by international visitors while visiting a country as a share of gdp?
- Iceland ranks 42nd out of 191 countries with data for 2024.
- Where does this Iceland data come from?
- The figures come from UN Tourism (2025); National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Spending by international visitors while visiting a country as a share of GDP. Statizoid updates them automatically from the source API.
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CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Money received by the destination country from foreign visitors, including spending on accommodation, food, transport, entertainment, shopping, and fares paid to the country’s own airlines, as a share of, as a share of GDP.