GDP — all countries

GDP — Iceland

GDP in Iceland in 2025 — 38,582,528,789 US$. Ranked 105 in the world out of 186. Since 1960, the indicator has risen by 14,683.5%.

2025 38.58B US$ +16.26% vs 2024
World rank 105of 186
Period maximum 38.58B US$2025
Period minimum 261M US$1960

Trend over time

1960–2025 · US$

GDP — Iceland, 1960–2025010B20B30B40B19601967197419811988199520022009201620231960: 260,984,499 US$1962: 299,309,938 US$1964: 456,206,299 US$1966: 660,663,763 US$1968: 498,365,200 US$1970: 545,115,909 US$1972: 869,002,946 US$1974: 1,568,154,077 US$1976: 1,727,845,419 US$1978: 2,599,627,089 US$1980: 3,499,616,683 US$1982: 3,318,714,326 US$1984: 2,964,568,006 US$1986: 4,129,080,094 US$1988: 6,320,093,411 US$1990: 6,694,851,159 US$1992: 7,328,497,599 US$1994: 6,612,804,056 US$1996: 7,686,566,105 US$1998: 8,637,732,542 US$2000: 9,140,168,922 US$2002: 9,416,199,700 US$2004: 13,963,943,244 US$2006: 17,671,649,843 US$2008: 18,247,921,360 US$2010: 13,922,711,577 US$2012: 14,943,757,823 US$2014: 18,052,183,515 US$2016: 21,083,713,310 US$2018: 26,677,652,544 US$2020: 22,034,665,041 US$2022: 29,176,227,825 US$2024: 33,186,621,855 US$2025: 38,582,528,789 US$
Change over the period: +38.32B (+14,683.46%) Average annual rate: 7.99 %

Comparison, 2025

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

Iceland 38.58B US$
World 118T US$
Northern Europe computed 6.93T US$
High-income countries computed 75T US$
GDP — Iceland, by year Iceland All countries CSV XLSX
Year US$ Change Change, %
2025 38.58B +5.4B +16.26%
2024 33.19B +1.48B +4.68%
2023 31.7B +2.53B +8.66%
2022 29.18B +2.94B +11.21%
2021 26.23B +4.2B +19.06%
2020 22.03B −2.95B −11.81%
2019 24.99B −1.69B −6.34%
2018 26.68B +1.62B +6.45%
2017 25.06B +3.98B +18.86%
2016 21.08B +3.38B +19.11%
2015 17.7B −352M −1.95%
2014 18.05B +1.81B +11.13%
2013 16.24B +1.3B +8.7%
2012 14.94B −450M −2.92%
2011 15.39B +1.47B +10.57%
2010 13.92B +710M +5.37%
2009 13.21B −5.04B −27.59%
2008 18.25B −3.71B −16.9%
2007 21.96B +4.29B +24.27%
2006 17.67B +525M +3.06%
2005 17.15B +3.18B +22.79%
2004 13.96B +2.4B +20.75%
2003 11.56B +2.15B +22.82%
2002 9.42B +1.09B +13.13%
2001 8.32B −817M −8.94%
2000 9.14B +32.52M +0.36%
1999 9.11B +470M +5.44%
1998 8.64B +921M +11.93%
1997 7.72B +30.22M +0.39%
1996 7.69B +314M +4.26%
1995 7.37B +760M +11.49%
1994 6.61B +177M +2.75%
1993 6.44B −893M −12.18%
1992 7.33B +177M +2.48%
1991 7.15B +456M +6.82%
1990 6.69B +824M +14.04%
1989 5.87B −449M −7.11%
1988 6.32B +607M +10.62%
1987 5.71B +1.58B +38.37%
1986 4.13B +1.04B +33.7%
1985 3.09B +124M +4.18%
1984 2.96B +102M +3.56%
1983 2.86B −456M −13.74%
1982 3.32B −296M −8.2%
1981 3.62B +115M +3.3%
1980 3.5B +546M +18.5%
1979 2.95B +354M +13.6%
1978 2.6B +314M +13.73%
1977 2.29B +558M +32.29%
1976 1.73B +272M +18.67%
1975 1.46B −112M −7.15%
1974 1.57B +373M +31.25%
1973 1.19B +326M +37.49%
1972 869M +175M +25.27%
1971 694M +149M +27.25%
1970 545M +109M +25.12%
1969 436M −62.71M −12.58%
1968 498M −154M −23.63%
1967 653M −8.05M −1.22%
1966 661M +111M +20.09%
1965 550M +93.94M +20.59%
1964 456M +98.97M +27.7%
1963 357M +57.93M +19.35%
1962 299M +32.6M +12.22%
1961 267M +5.73M +2.19%
1960 261M

About the indicator

Gross domestic product is the sum of gross value added by all resident producers, plus taxes on products and minus subsidies, in current prices and converted into US dollars at the official exchange rate. GDP in current dollars is convenient for comparing the size of economies in a given year, but it is poorly suited to trends over time: it is moved both by inflation and by exchange rate swings.

Important: For comparing trends over time there is GDP growth in constant prices, and for comparing living standards, GDP per capita at PPP.

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