The Gross Domestic Product (GDP) in Iceland was worth 21.71 billion US dollars in 2020, according to official data from the World Bank. The GDP value of Iceland represents 0.02 percent of the world economy. source: World Bank

GDP in Iceland averaged 7.95 USD Billion from 1960 until 2020, reaching an all time high of 26.22 USD Billion in 2018 and a record low of 0.25 USD Billion in 1961. This page provides the latest reported value for - Iceland GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland GDP - values, historical data and charts - was last updated on September of 2021.

GDP in Iceland is expected to reach 23.50 USD Billion by the end of 2021, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland GDP is projected to trend around 24.10 USD Billion in 2022, according to our econometric models.

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Iceland GDP

Actual Previous Highest Lowest Dates Unit Frequency
21.71 24.84 26.22 0.25 1960 - 2020 USD Billion Yearly
Current USD

Iceland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.20 -3.30 11.10 -10.80 percent [+]
GDP Annual Growth Rate 7.30 -1.70 13.40 -10.50 percent [+]
GDP 21.71 24.84 26.22 0.25 USD Billion [+]
GDP Constant Prices 666996.00 640173.00 699730.00 329588.00 ISK Million [+]
Gross National Product 2612659.00 1500248.00 2612659.00 496273.00 ISK Million [+]
Gross Fixed Capital Formation 166853.00 122892.00 166853.00 29062.00 ISK Million [+]
GDP per capita 47630.33 51852.43 51852.43 11466.44 USD [+]
GDP per capita PPP 52279.73 56913.96 56913.96 32066.86 USD [+]


Iceland GDP
The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time.
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