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Iceland: Real GDP

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

2025
3.12 trillionlocal currency
Change on 2024
+1.1%year on year
Average growth, 2015–2025
+3.0%a year
In US dollars, 2025
$23.7 billionUS dollars

Real GDP

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10B100B1T10T1875190019251950197520002025IcelandIceland
ForecastLocal currency

Compare with other countries →Definition of Real GDP

Recent values

Millions of local currency

YearValue
20313,598,344Forecast
20303,514,867Forecast
20293,432,458Forecast
20283,351,594Forecast
20273,273,702Forecast
20263,206,330Forecast
20253,120,165
20243,086,653
20233,066,520
20222,919,462
20212,678,589
20202,544,876
20192,734,675
20182,684,708
20172,559,566
20162,456,517

Sources

  • Barro & Ursúa1870–2009
  • Jónsson, Magnússon & Snorrason1870–2016
  • Maddison Project Database1870–2022
  • Statistics Iceland1901–1945
  • WDI (archive)1960–1996
  • OECD Economic Outlook1960–2025
  • World Development Indicators1960–2025
  • FAO1970–2023
  • United Nations1970–2024
  • 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)Nominal GDPInflationUnemployment rateGovernment debt (% of GDP)Current account (% of GDP)All 76 series →

Real GDP elsewhere

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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 →

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