Iceland GDP: $32 Billion

GROSS DOMESTIC PRODUCT (CURRENT MARKET PRICES)

Iceland GDP Forecast: $32 Billion in 2024, $32.3 Billion projected for 2025 (Current Market Prices).

GDP in Iceland is estimated to be $32 Billion US dollars at the end of 2024 in GDP current price terms.

Looking ahead to 2025, projections suggest Iceland's 2025 GDP estimate could be $32.3 Billion. This Iceland GDP growth forecast for 2024 and 2025 reflects an estimated growth rate of 2.4%.

The economy of Iceland has grown at an average annual growth rate of 10.5% in the last four years and is ranked the 39th largest economy in Europe, ahead of Ireland.

See the full Iceland data sheet covering Economics, Demographics and ESG

Current GDP (US$): Iceland


Source: World Bank, World Economics
Notes: Current Market Prices
0 0 0 Iceland|#FE1800|345175036.090555, 440797869.282266, 531569563.888591, 638349755.221932, 630567115.790732, 481532847.590587, 420945147.630956, 526704545.454545, 670251136.363636, 839652164.06073, 1154440252.96794, 1515190595.29765, 1406875081.32726, 1669488389.96542, 2208509076.28099, 2511826196.009, 2853435053.88542, 3381419251.29231, 3492997010.04956, 3206626644.5371, 2765950335.71095, 2864441387.40507, 2984052356.55071, 3989622739.28212, 5520318404.6415, 6106635816.24587, 5672569449.07068, 6468736355.55678, 6909730288.17061, 7080981738.05606, 6218581531.64347, 6389460342.78656, 7123633418.19739, 7426082270.67669, 7569672925.33739, 8503693098.62271, 8982047589.4895, 9025660361.75842, 8234846804.60582, 9318395054.85934, 11429333037.8443, 13825302535.7699, 16852963067.0496, 17465318552.2941, 21652505596.7528, 18074622987.0185, 13154414219.207, 13751161917.7398, 15221622925.9319, 14751508133.5443, 16125060515.3117, 17867662177.8911, 17517210519.0912, 20793168030.9524, 24728285177.4603, 26260850582.0687, 24681343649.2952, 21629953194.0659, 25825287184.3818, 28770206626.5564, 31325116556.3807, 31510874497.5601 1963, 1964, 1965, 1966, 1967, 1968, 1969, 1970, 1971, 1972, 1973, 1974, 1975, 1976, 1977, 1978, 1979, 1980, 1981, 1982, 1983, 1984, 1985, 1986, 1987, 1988, 1989, 1990, 1991, 1992, 1993, 1994, 1995, 1996, 1997, 1998, 1999, 2000, 2001, 2002, 2003, 2004, 2005, 2006, 2007, 2008, 2009, 2010, 2011, 2012, 2013, 2014, 2015, 2016, 2017, 2018, 2019, 2020, 2021, 2022, 2023, 2024,








 





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Economic Indicators: Iceland 2021 2022 2023 2024
Current GDP (Billions, US$) 26 29 31 32
Current GDP per Capita (US$) 69,326 75,314 79,637 78,902
Real GDP (US$ Billions, 2010) 20 22 23 23
Real GDP per Capita (US$, 2010) 54,507 57,933 59,096 58,551
Real GDP PPP (Billions, 2017) 23 25 26 26
Real GDP per Capita PPP (int$ 2017) 58,137 60,724 62,138 64,338
GDP Annual Growth Rate (%) 5.3 9.0 5.0 0.6
GDP per Capita Annual Growth Rate (%) 3.5 6.3 2.0 -0.9
Data Quality Rating for Iceland See how much you can trust Iceland's GDP Data




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