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

Iceland: Nominal GDP

Millions of local currency · 1870–2025 · 156 observations · forecasts to 2031 · nGDP

2025
4.96 trillionlocal currency
Change on 2024
+8.2%year on year
Average growth, 2015–2025
+7.8%a year
In US dollars, 2025
$38.6 billionUS dollars

Nominal GDP

Report error
100k10M1B100B10T1875190019251950197520002025IcelandIceland
ForecastLocal currency

Compare with other countries →Definition of Nominal GDP

Recent values

Millions of local currency

YearValue
20316,775,848Forecast
20306,440,629Forecast
20296,120,949Forecast
20285,817,415Forecast
20275,530,546Forecast
20265,284,856Forecast
20254,955,598
20244,578,361
20234,373,066
20223,946,957
20213,331,537
20202,983,972
20193,063,415
20182,889,195
20172,677,410
20162,547,155

Sources

  • Jónsson, Magnússon & Snorrason1870–2016
  • Statistics Iceland1901–1990
  • Fouquin & Hugot (CEPII)1949–1970
  • Penn World Table1950–2019
  • IMF Global Debt Database1950–2024
  • WDI (archive)1960–1996
  • OECD Economic Outlook1960–2025
  • World Development Indicators1960–2025
  • FAO1970–2023
  • United Nations1970–2024
  • Bordo1971–1997
  • IMF World Economic Outlook1980–2024
  • Eurostat1995–2025
  • IMF International Financial Statistics1995–2025
  • World Bank Global Economic Monitor1995–2025
  • IMF WEO (forecast)2024–2031
  • OECD Economic Outlook (forecast)2025–2027

Compare these sources →

Iceland documentation (PDF)

More for Iceland

Real GDP per capita (USD)Real GDPInflationUnemployment rateGovernment debt (% of GDP)Current account (% of GDP)All 76 series →

Nominal GDP elsewhere

United StatesChinaJapanGermanyUnited KingdomFrance

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 →

GMD release 2026_09 · License & terms