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Iceland real GDPII

Iceland real GDP

778.53 BISKR
−24.53 B
ISK
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ISGDPCP chart


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Key data points


Last release
—
Observation period
Q4 2024
Next release
—
Forecast
—
Highest
‪803.06 B‬ ISK on Sep 30, 2024
Lowest
‪329.83 B‬ ISK on Sep 30, 1997

About Iceland real GDP


Category
GDP
Source
Statistics Iceland
Frequency
Quarterly
Units
ISK

Iceland in figures — see more economic indicators tied to ISGDPCP.
ISFYGDPG
R
Full Year GDP Growth
0.56%
ISGDP
R
GDP
31.33 BUSD
ISGDPCP
R
Real GDP
778.53 BISK
ISGDPPC
R
GDP Per Capita
59.1 KUSD
ISGDPPCP
R
GDP Per Capita PPP
66.88 KUSD
ISGDPQQ
R
GDP Growth Rate
−1.4%
ISGDPYY
R
GDP Growth
2.3%
ISGFCF
R
Gross Fixed Capital Formation
216.16 BISK
ISGNP
R
Gross National Product
3.12 TISK

Frequently Asked Questions


Real GDP is calculated using a GDP price deflator, which is the difference in prices between the current year and the base year. Then nominal GDP (GDP adjusted for inflation) is divided by this deflator, yielding real GDP. Nominal GDP is usually higher than real GDP because inflation is typically a positive number.
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.
Last quarter Iceland real GDP was 778.53 B ISK, and the quarter before it reached 803.06 B ISK.