Commercial users: see the World Economic Database from our partners at Anansi Data Analytics

Iceland

76 series · 1625–2025 · High income · Europe & Central Asia

Compare with other countries Country documentation (PDF)

National accounts

VariableCodeCoverageLatest
Nominal GDPMillions of local currencynGDP1870–20254,955,598 (2025)
Nominal GDP (USD)Millions of US dollarsnGDP_USD1870–202538,580 (2025)
Real GDPMillions of local currencyrGDP1870–20253,049,510 (2025)
Real GDP per capitaConstant local currency per personrGDP_pc1870–20257,781,502 (2025)
Real GDP (USD)Millions of US dollarsrGDP_USD1870–202523,129 (2025)
DeflatorIndex, 2015 = 100deflator1870–2025162.5 (2025)
Real GDP per capita (USD)US dollars per personrGDP_pc_USD1870–202559,019 (2025)

Consumption and investment

VariableCodeCoverageLatest
Total consumptionMillions of local currencycons1950–20253,750,720 (2025)
Total consumption (% of GDP)Percent of GDPcons_GDP1950–202575.7 (2025)
Total consumption (USD)Millions of US dollarscons_USD1950–202529,200 (2025)
Household consumptionMillions of local currencyhcons1950–20252,459,065 (2025)
Household consumption (% of GDP)Percent of GDPhcons_GDP1950–202549.6 (2025)
Household consumption (USD)Millions of US dollarshcons_USD1950–202519,144 (2025)
Government consumptionMillions of local currencygcons1950–20251,291,655 (2025)
Government consumption (% of GDP)Percent of GDPgcons_GDP1950–202526.1 (2025)
Government consumption (USD)Millions of US dollarsgcons_USD1950–202510,056 (2025)
Gross capital formationMillions of local currencyinv1946–20251,316,881 (2025)
Gross capital formation (% of GDP)Percent of GDPinv_GDP1946–202526.6 (2025)
Gross capital formation (USD)Millions of US dollarsinv_USD1946–202510,252 (2025)
Gross fixed capital formationMillions of local currencyfinv1945–20251,321,223 (2025)
Gross fixed capital formation (% of GDP)Percent of GDPfinv_GDP1945–202526.7 (2025)
Gross fixed capital formation (USD)Millions of US dollarsfinv_USD1945–202510,286 (2025)

External sector

VariableCodeCoverageLatest
ExportsMillions of local currencyexports1625–20251,987,878 (2025)
Exports (% of GDP)Percent of GDPexports_GDP1870–202540.1 (2025)
Exports (USD)Millions of US dollarsexports_USD1849–202515,476 (2025)
ImportsMillions of local currencyimports1625–20252,099,882 (2025)
Imports (% of GDP)Percent of GDPimports_GDP1870–202542.4 (2025)
Imports (USD)Millions of US dollarsimports_USD1849–202516,348 (2025)
Current accountMillions of local currencyCA1974–2025-184,402 (2025)
Current account (% of GDP)Percent of GDPCA_GDP1974–2025-3.72 (2025)
USD exchange rateLocal currency per US dollarUSDfx1849–2025128.5 (2025)
Real effective exchange rateIndex, 2015 = 100REER1960–2025128.9 (2025)
Current account (USD)Millions of US dollarsCA_USD1974–2025-1,436 (2025)

Government finances

VariableCodeCoverageLatest
Government expenditureMillions of local currencygovexp1901–20252,230,019 (2025)
General government expenditureMillions of local currencygen_govexp1901–20252,230,019 (2025)
General government expenditure (% of GDP)Percent of GDPgen_govexp_GDP1901–202545.0 (2025)
Central government expenditureMillions of local currencycgovexp1990–20251,605,614 (2025)
Central government expenditure (% of GDP)Percent of GDPcgovexp_GDP1990–202532.4 (2025)
Government revenueMillions of local currencygovrev1901–20252,111,084 (2025)
General government revenueMillions of local currencygen_govrev1901–20252,111,084 (2025)
Central government revenueMillions of local currencycgovrev1990–20251,506,502 (2025)
General government revenue (% of GDP)Percent of GDPgen_govrev_GDP1901–202542.6 (2025)
Central government revenue (% of GDP)Percent of GDPcgovrev_GDP1990–202530.4 (2025)
Government tax revenueMillions of local currencygovtax1901–20241,689,415 (2024)
General government tax revenueMillions of local currencygen_govtax1901–20241,689,415 (2024)
Central government tax revenueMillions of local currencycgovtax1990–20241,208,687 (2024)
General government tax revenue (% of GDP)Percent of GDPgen_govtax_GDP1901–202436.9 (2024)
Central government tax revenue (% of GDP)Percent of GDPcgovtax_GDP1990–202426.4 (2024)
Government deficit (% of GDP)Percent of GDPgovdef_GDP1945–2025-2.40 (2025)
General government deficit (% of GDP)Percent of GDPgen_govdef_GDP1945–2025-2.40 (2025)
General government deficitMillions of local currencygen_govdef1945–2025-118,934 (2025)
Central government deficit (% of GDP)Percent of GDPcgovdef_GDP1990–2025-2.00 (2025)
Central government deficitMillions of local currencycgovdef1990–2025-99,112 (2025)
Government debt (% of GDP)Percent of GDPgovdebt_GDP1908–202460.4 (2024)
General government debt (% of GDP)Percent of GDPgen_govdebt_GDP1908–202460.4 (2024)
General government debtMillions of local currencygen_govdebt1908–20242,767,555 (2024)
Central government debt (% of GDP)Percent of GDPcgovdebt_GDP1908–202459.9 (2024)
Central government debtMillions of local currencycgovdebt1908–20242,744,099 (2024)
Government debtMillions of local currencygovdebt1908–20242,767,555 (2024)
Government deficitMillions of local currencygovdef1945–2025-118,934 (2025)
Government expenditure (% of GDP)Percent of GDPgovexp_GDP1901–202545.0 (2025)
Government revenue (% of GDP)Percent of GDPgovrev_GDP1901–202542.6 (2025)
Government tax revenue (% of GDP)Percent of GDPgovtax_GDP1901–202436.9 (2024)

Money and interest rates

VariableCodeCoverageLatest
Short-term interest ratePercentstrate1960–20257.87 (2025)
Long-term interest ratePercentltrate1953–20256.56 (2025)
Central bank policy ratePercentcbrate1886–20257.25 (2025)
M0 (monetary base)Millions of local currencyM01886–2024149,358 (2024)
M1Millions of local currencyM11886–2025705,117 (2025)
M2Millions of local currencyM21957–1990105,731 (1990)
M3Millions of local currencyM31886–20253,248,989 (2025)

Prices and labor markets

VariableCodeCoverageLatest
House price indexIndex, 2015 = 100HPI1981–2025259.3 (2025)
Real house price indexIndex, 2015 = 100rHPI1981–2025169.9 (2025)
Consumer price indexIndex, 2015 = 100CPI1849–2025152.6 (2025)
InflationPercentinfl1850–20254.09 (2025)
PopulationMillions of peoplepop1800–20250.392 (2025)
Unemployment ratePercentunemp1964–20254.36 (2025)

Please cite: Müller, K., Xu, C., Lehbib, M., & Chen, Z. (2025). The Global Macro Database: A New International Macroeconomic Dataset. NBER Working Paper 33714. BibTeX →