GDP deflator — all countries

GDP deflator — Iceland

GDP deflator in Iceland in 2025 — 6.87%. Ranked 152 in the world out of 186. Since 1961, the indicator has fallen by 6.4 pp.

2025 6.87% +0.82 pp vs 2024
World rank 152of 186
Period maximum 77.31%1983
Period minimum 0.49%2003

Trend over time

1961–2025 · % per year

GDP deflator — Iceland, 1961–202502040608019611968197519821989199620032010201720241961: 13.27%1963: 8.23%1965: 12.39%1967: 2.76%1969: 20.86%1971: 12.55%1973: 31.46%1975: 41.87%1977: 32.71%1979: 40.9%1981: 49.19%1983: 77.31%1985: 32.08%1987: 19.95%1989: 22.87%1991: 8.37%1993: 1.83%1995: 3%1997: 2.79%1999: 3.45%2001: 8.68%2003: 0.49%2005: 2.94%2007: 4.3%2009: 11.03%2011: 3.45%2013: 2.49%2015: 6.75%2017: 1.57%2019: 4.84%2021: 6.15%2023: 5.49%2025: 6.87%
Change over the period: −6.4 pp Annual average: -0.1 pp

Comparison, 2025

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

Iceland 6.87%
World 3.33%
Northern Europe computed 2.78%
High-income countries computed 2.67%
GDP deflator — Iceland, by year Iceland All countries CSV XLSX
Year % Change, pp
2025 6.87 +0.82 pp
2024 6.06 +0.57 pp
2023 5.49 −3.35 pp
2022 8.83 +2.68 pp
2021 6.15 +1.81 pp
2020 4.34 −0.5 pp
2019 4.84 +1.73 pp
2018 3.1 +1.53 pp
2017 1.57 −1.13 pp
2016 2.7 −4.05 pp
2015 6.75 +2.54 pp
2014 4.21 +1.72 pp
2013 2.49 −1.01 pp
2012 3.51 +0.05 pp
2011 3.45 −3.1 pp
2010 6.55 −4.48 pp
2009 11.03 −1.16 pp
2008 12.18 +7.88 pp
2007 4.3 −4.37 pp
2006 8.68 +5.74 pp
2005 2.94 +0.28 pp
2004 2.66 +2.17 pp
2003 0.49 −5.37 pp
2002 5.86 −2.81 pp
2001 8.68 +4.71 pp
2000 3.97 +0.52 pp
1999 3.45 −1.23 pp
1998 4.68 +1.9 pp
1997 2.79 +0.23 pp
1996 2.56 −0.44 pp
1995 3 +0.39 pp
1994 2.6 +0.77 pp
1993 1.83 −1.62 pp
1992 3.45 −4.92 pp
1991 8.37 −6.81 pp
1990 15.17 −7.7 pp
1989 22.87 −0.27 pp
1988 23.14 +3.19 pp
1987 19.95 −4.64 pp
1986 24.59 −7.5 pp
1985 32.08 +5.2 pp
1984 26.88 −50.42 pp
1983 77.31 +23.66 pp
1982 53.65 +4.46 pp
1981 49.19 −3.29 pp
1980 52.48 +11.58 pp
1979 40.9 −5.35 pp
1978 46.25 +13.54 pp
1977 32.71 −0.03 pp
1976 32.74 −9.13 pp
1975 41.87 +4.18 pp
1974 37.69 +6.24 pp
1973 31.46 +13.12 pp
1972 18.33 +5.78 pp
1971 12.55 −3.89 pp
1970 16.44 −4.42 pp
1969 20.86 +7.11 pp
1968 13.74 +10.99 pp
1967 2.76 −7.67 pp
1966 10.42 −1.97 pp
1965 12.39 −3.83 pp
1964 16.22 +7.99 pp
1963 8.23 −2.92 pp
1962 11.15 −2.12 pp
1961 13.27

About the indicator

The annual change in the GDP deflator — the ratio of GDP in current prices to GDP in constant prices. Unlike the consumer price index it covers the prices of all final goods and services, including investment and export goods, but not imported ones. For commodity exporters the GDP deflator can diverge sharply from consumer inflation, following world prices.

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