GDP in constant prices — all countries

GDP in constant prices — Iceland

GDP in constant prices in Iceland in 2025 — 23,116,588,684 US$ 2015. Ranked 112 in the world out of 186. Since 1960, the indicator has risen by 825.8%.

2025 23.12B US$ 2015 +1.28% vs 2024
World rank 112of 186
Period maximum 23.12B US$ 20152023
Period minimum 2.5B US$ 20151961

Trend over time

1960–2025 · constant 2015 US$

GDP in constant prices — Iceland, 1960–2025010B20B30B19601967197419811988199520022009201620231960: 2,496,863,287 US$ 20151962: 2,702,465,528 US$ 20151964: 3,274,817,716 US$ 20151966: 3,821,238,093 US$ 20151968: 3,565,624,494 US$ 20151970: 3,923,113,079 US$ 20151972: 4,709,500,459 US$ 20151974: 5,317,057,694 US$ 20151976: 5,670,324,569 US$ 20151978: 6,541,842,287 US$ 20151980: 7,254,110,590 US$ 20151982: 7,726,459,512 US$ 20151984: 7,872,422,570 US$ 20151986: 8,641,547,420 US$ 20151988: 9,371,632,514 US$ 20151990: 9,505,724,857 US$ 20151992: 9,164,480,917 US$ 20151994: 9,619,928,854 US$ 20151996: 10,064,319,597 US$ 20151998: 11,215,843,690 US$ 20152000: 12,224,638,525 US$ 20152002: 12,763,018,327 US$ 20152004: 14,049,259,326 US$ 20152006: 15,889,660,324 US$ 20152008: 17,572,297,288 US$ 20152010: 15,752,089,366 US$ 20152012: 16,156,200,541 US$ 20152014: 17,057,653,884 US$ 20152016: 18,801,118,750 US$ 20152018: 20,363,166,153 US$ 20152020: 19,226,227,455 US$ 20152022: 22,013,401,667 US$ 20152024: 22,824,557,131 US$ 20152025: 23,116,588,684 US$ 2015
Change over the period: +20.62B (+825.83%) Average annual rate: 3.48 %

Comparison, 2025

How the value compares with the world and the groups this territory belongs to: Iceland

Iceland 23.12B US$ 2015
World 99.66T US$ 2015
Europe & Central Asia 24.6T US$ 2015
Northern Europe computed 5.76T US$ 2015
High-income countries computed 59.21T US$ 2015
GDP in constant prices — Iceland, by year Iceland All countries CSV XLSX
Year US$ 2015 Change Change, %
2025 23.12B +292M +1.28%
2024 22.82B −297M −1.28%
2023 23.12B +1.11B +5.03%
2022 22.01B +1.79B +8.86%
2021 20.22B +996M +5.18%
2020 19.23B −1.37B −6.65%
2019 20.59B +232M +1.14%
2018 20.36B +907M +4.66%
2017 19.46B +655M +3.49%
2016 18.8B +1.1B +6.22%
2015 17.7B +643M +3.77%
2014 17.06B +320M +1.91%
2013 16.74B +581M +3.6%
2012 16.16B +187M +1.17%
2011 15.97B +217M +1.38%
2010 15.75B −358M −2.22%
2009 16.11B −1.46B −8.32%
2008 17.57B +294M +1.7%
2007 17.28B +1.39B +8.74%
2006 15.89B +853M +5.67%
2005 15.04B +988M +7.03%
2004 14.05B +995M +7.62%
2003 13.05B +291M +2.28%
2002 12.76B +68.84M +0.54%
2001 12.69B +470M +3.84%
2000 12.22B +572M +4.91%
1999 11.65B +437M +3.9%
1998 11.22B +735M +7.01%
1997 10.48B +417M +4.14%
1996 10.06B +433M +4.5%
1995 9.63B +11.22M +0.12%
1994 9.62B +335M +3.61%
1993 9.28B +120M +1.31%
1992 9.16B −320M −3.37%
1991 9.48B −21.25M −0.22%
1990 9.51B +110M +1.17%
1989 9.4B +24.22M +0.26%
1988 9.37B −8.42M −0.09%
1987 9.38B +739M +8.55%
1986 8.64B +510M +6.27%
1985 8.13B +259M +3.29%
1984 7.87B +312M +4.13%
1983 7.56B −166M −2.15%
1982 7.73B +163M +2.15%
1981 7.56B +309M +4.27%
1980 7.25B +394M +5.75%
1979 6.86B +318M +4.86%
1978 6.54B +371M +6.02%
1977 6.17B +500M +8.82%
1976 5.67B +319M +5.96%
1975 5.35B +34.36M +0.65%
1974 5.32B +287M +5.71%
1973 5.03B +321M +6.81%
1972 4.71B +274M +6.18%
1971 4.44B +512M +13.06%
1970 3.92B +272M +7.46%
1969 3.65B +85.2M +2.39%
1968 3.57B −207M −5.5%
1967 3.77B −48.16M −1.26%
1966 3.82B +307M +8.75%
1965 3.51B +239M +7.3%
1964 3.27B +295M +9.88%
1963 2.98B +278M +10.28%
1962 2.7B +207M +8.31%
1961 2.5B −1.85M −0.07%
1960 2.5B

About the indicator

Gross domestic product in constant 2015 prices and at the exchange rate of that same year. Unlike nominal GDP, this series does not grow with inflation or with movements of the exchange rate, so it is the only one on which the size of a country's economy can be compared with its own past. The difference accumulates fast: over thirty years the nominal GDP of most countries grew several times more than the real one, and almost all of that difference is price growth.

Important: Suited to comparing a country with itself over time, but not countries with one another: conversion at the 2015 exchange rate does not account for differences in price levels. For cross-country comparison there is GDP at PPP.

Source: World Development Indicators (World Bank), license CC BY 4.0.