GDP (IMF) — all countries

GDP (IMF) — Iceland

GDP (IMF) in Iceland in 2031 — 55.2 bn US$. Ranked 103 in the world out of 188. Since 1980, the indicator has risen by 1,463.5%.

2031 55.2 bn US$ +4.68% vs 2030
World rank 103of 188
Period maximum 55.2 bn US$2031
Period minimum 2.9 bn US$1983

Trend over time

1980–2031 · billion US$

GDP (IMF) — Iceland, 1980–2031020406019801986199219982004201020162022202820311980: 3.5 bn US$1981: 3.6 bn US$1982: 3.3 bn US$1983: 2.9 bn US$1984: 3 bn US$1985: 3.1 bn US$1986: 4.1 bn US$1987: 5.7 bn US$1988: 6.3 bn US$1989: 5.9 bn US$1990: 6.7 bn US$1991: 7.2 bn US$1992: 7.3 bn US$1993: 6.4 bn US$1994: 6.6 bn US$1995: 7.4 bn US$1996: 7.7 bn US$1997: 7.7 bn US$1998: 8.6 bn US$1999: 9.1 bn US$2000: 9.1 bn US$2001: 8.3 bn US$2002: 9.4 bn US$2003: 11.6 bn US$2004: 14 bn US$2005: 17.1 bn US$2006: 17.7 bn US$2007: 22 bn US$2008: 18.2 bn US$2009: 13.2 bn US$2010: 13.9 bn US$2011: 15.4 bn US$2012: 14.9 bn US$2013: 16.2 bn US$2014: 18.1 bn US$2015: 17.7 bn US$2016: 21.1 bn US$2017: 25.1 bn US$2018: 26.7 bn US$2019: 25 bn US$2020: 22 bn US$2021: 26.2 bn US$2022: 29.2 bn US$2023: 31.7 bn US$2024: 33.2 bn US$2025: 38.6 bn US$2026: 43.8 bn US$2027: 46 bn US$2028: 48.1 bn US$2029: 50.3 bn US$2030: 52.7 bn US$2031: 55.2 bn US$
Change over the period: +51.6 (+1,463.55%) Average annual rate: 5.54 %

Comparison, 2031

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

Iceland 55.2 bn US$
World computed 157,296.9 bn US$
Europe & Central Asia computed 41,461.8 bn US$
Northern Europe computed 9,232.1 bn US$
High-income countries computed 97,822.5 bn US$
GDP (IMF) — Iceland, by year Iceland All countries CSV XLSX
Year bn US$ Change Change, %
2031 55.2 +2.5 +4.68%
2030 52.7 +2.4 +4.7%
2029 50.3 +2.2 +4.67%
2028 48.1 +2.1 +4.61%
2027 46 +2.2 +4.95%
2026 43.8 +5.2 +13.52%
2025 38.6 +5.4 +16.26%
2024 33.2 +1.5 +4.68%
2023 31.7 +2.5 +8.66%
2022 29.2 +2.9 +11.21%
2021 26.2 +4.2 +19.06%
2020 22 −3 −11.81%
2019 25 −1.7 −6.34%
2018 26.7 +1.6 +6.46%
2017 25.1 +4 +18.86%
2016 21.1 +3.4 +19.12%
2015 17.7 −0.4 −1.95%
2014 18.1 +1.8 +11.13%
2013 16.2 +1.3 +8.7%
2012 14.9 −0.4 −2.92%
2011 15.4 +1.5 +10.57%
2010 13.9 +0.7 +5.37%
2009 13.2 −5 −27.59%
2008 18.2 −3.7 −16.9%
2007 22 +4.3 +24.26%
2006 17.7 +0.5 +3.07%
2005 17.1 +3.2 +22.79%
2004 14 +2.4 +20.74%
2003 11.6 +2.1 +22.82%
2002 9.4 +1.1 +13.13%
2001 8.3 −0.8 −8.94%
2000 9.1 +0 +0.35%
1999 9.1 +0.5 +5.44%
1998 8.6 +0.9 +11.93%
1997 7.7 +0 +0.39%
1996 7.7 +0.3 +4.26%
1995 7.4 +0.8 +11.53%
1994 6.6 +0.2 +2.67%
1993 6.4 −0.9 −12.31%
1992 7.3 +0.2 +2.36%
1991 7.2 +0.5 +6.93%
1990 6.7 +0.8 +14.08%
1989 5.9 −0.5 −7.31%
1988 6.3 +0.6 +10.68%
1987 5.7 +1.6 +38.75%
1986 4.1 +1 +33.46%
1985 3.1 +0.1 +4.21%
1984 3 +0.1 +3.3%
1983 2.9 −0.5 −14.07%
1982 3.3 −0.3 −8.1%
1981 3.6 +0.1 +3.23%
1980 3.5

About the indicator

Gross domestic product in current prices, in billions of US dollars, from the IMF World Economic Outlook database. It differs from the World Bank series in the method of conversion into dollars and in that the most recent years are estimates while the next five are IMF projections. That makes the series convenient for planning, but part of the values are calculations rather than facts.

Important: Values for the current and following years are IMF estimates and projections; they are revised with every WEO release, in April and October.

Source: World Economic Outlook (IMF), license IMF open data.