Iceland GDP

GDP nominal (2023)
$31,325,116,556
(Current US Dollars). Sources include: World Bank, United Nations.
GDP growth rate (2023)

5.04%

  • Nominal (current) Gross Domestic Product (GDP) of Iceland is $31,325,116,556 (USD) as of 2023.
  • Real GDP (constant, inflation adjusted) of Iceland reached $23,245,527,336 in 2023.
  • GDP Growth Rate in 2023 was 5.04%, representing a change of 1,114,766,152 US$ over 2022, when Real GDP was $22,130,761,184.
  • GDP per Capita in Iceland (with a population of 387,558 people) was $59,979 in 2023, an increase of $1,795 from $58,184 in 2021; this represents a change of 3.1% in GDP per capita.
Iceland GDP (Nominal, $USD) 1993-2023
GDP change (%)

Gross Domestic Product (GDP) of Iceland

Year GDP Nominal
(Current USD) 		GDP Real
(Inflation adj.) 		GDP
change		 GDP per capita Pop.
change		 Population
2023 $31,325,116,556 $23,245,527,336 5.04% $59,979 1.89 % 387,558
2022 $28,770,206,627 $22,130,761,184 8.99% $58,184 2.07 % 380,356
2021 $25,825,287,184 $20,304,846,332 5.25% $54,489 1.64 % 372,644
2020 $21,629,953,194 $19,291,243,913 -6.94% $52,620 1.64 % 366,614
2019 $24,681,343,649 $20,729,999,827 1.86% $57,472 2.22 % 360,700
2018 $26,260,850,582 $20,351,227,274 4.89% $57,676 2.71 % 352,854
2017 $24,728,285,177 $19,402,600,567 4.19% $56,480 2.37 % 343,531
2016 $20,793,168,031 $18,621,440,660 6.30% $55,491 1.40 % 335,574
2015 $17,517,210,519 $17,517,210,519 4.44% $52,930 1.05 % 330,952
2014 $17,867,662,178 $16,773,046,836 1.69% $51,214 1.12 % 327,512
2013 $16,125,060,515 $16,494,745,020 4.55% $50,928 0.95 % 323,885
2012 $14,751,508,134 $15,776,524,981 1.06% $49,172 0.53 % 320,841
2011 $15,221,622,926 $15,610,486,136 1.85% $48,915 0.31 % 319,137
2010 $13,751,161,918 $15,327,572,988 -2.83% $48,176 -0.14 % 318,158
2009 $13,154,414,219 $15,774,426,999 -7.66% $49,510 0.35 % 318,612
2008 $18,074,622,987 $17,083,688,340 2.21% $53,805 1.88 % 317,514
2007 $21,652,505,597 $16,714,384,610 8.45% $53,632 2.56 % 311,651
2006 $17,465,318,552 $15,411,374,461 6.32% $50,716 2.37 % 303,874
2005 $16,852,963,067 $14,495,683,158 6.12% $48,834 1.60 % 296,834
2004 $13,825,302,536 $13,659,137,612 7.80% $46,751 0.88 % 292,168
2003 $11,429,333,038 $12,670,532,079 2.14% $43,751 0.69 % 289,605
2002 $9,318,395,055 $12,404,737,216 0.56% $43,131 0.90 % 287,607
2001 $8,234,846,805 $12,335,716,528 4.01% $43,275 1.34 % 285,053
2000 $9,025,660,362 $11,859,726,688 4.99% $42,163 1.38 % 281,280
1999 $8,982,047,589 $11,296,586,995 4.03% $40,716 1.22 % 277,448
1998 $8,503,693,099 $10,858,456,576 7.36% $39,613 1.08 % 274,111
1997 $7,569,672,925 $10,113,797,776 5.77% $37,295 0.83 % 271,185
1996 $7,426,082,271 $9,561,920,769 4.57% $35,551 0.54 % 268,960
1995 $7,123,633,418 $9,144,289,755 0.12% $34,183 0.55 % 267,510
1994 $6,389,460,343 $9,133,641,417 3.61% $34,330 0.87 % 266,053
1993 $6,218,581,532 $8,815,502,462 1.31% $33,423 1.02 % 263,754
Sources:

See also