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Iceland GDPII

Iceland GDP

33.46 BUSDR
+2.01 B
USD
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ISGDP chart



Key data points


Last release
—
Observation period
2024
Next release
—
Forecast
—
Highest
‪33.46 B‬ USD on Dec 31, 2024
Lowest
‪250.00 M‬ USD on Dec 31, 1961

About Iceland GDP


Category
GDP
Source
World Bank
Frequency
Annual
Units
USD
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.

Iceland in figures — see more economic indicators tied to ISGDP.
Full Year GDP Growth
R
ISFYGDPG
0.56%
GDP
R
ISGDP
33.46 BUSD
Real GDP
R
ISGDPCP
873.92 BISK
GDP Per Capita
R
ISGDPPC
57.95 KUSD
GDP Per Capita PPP
R
ISGDPPCP
65.65 KUSD
GDP Growth Rate
R
ISGDPQQ
2.7%
GDP Growth
R
ISGDPYY
2.6%
Gross Fixed Capital Formation
R
ISGFCF
242.29 BISK
Gross National Product
R
ISGNP
3.58 TISK

Frequently Asked Questions


One of the ways to count Iceland GDP is to add up its consumer spending, business investment, government spending, and net exports.
In 2024 Iceland GDP was 33.46 B USD, and the year before it reached 31.45 B USD.
Iceland GDP accounts for 0.03% of the world GDP.
In 2024 Iceland GDP per capita was ‪57.95 K‬ USD, and in 2023 it reached ‪59.31 K‬ USD. GDP per capita is gross domestic product divided by a country's population.
Last quarter Iceland real GDP was ‪873.92 B‬ ISK, the quarter before it reached ‪898.08 B‬ ISK.
Since GDP measures an economy's output, it is subject to inflationary pressure. So real GDP is a measure of an economy's output adjusted for inflation.
The highest figure Iceland GDP has ever reached is 33.46 B USD.
The lowest ever value Iceland GDP has reached is 250 M USD.