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Iceland: Real GDP

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

2025
3.05 trillionlocal currency
Change on 2024
+1.3%year on year
Average growth, 2015–2025
+2.7%a year
In US dollars, 2025
$23.1 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
20313,480,348Forecast
20303,399,609Forecast
20293,319,902Forecast
20283,241,689Forecast
20273,166,352Forecast
20263,098,087Forecast
20253,049,510
20243,010,986
20233,050,115
20222,903,002
20212,667,693
20202,536,299
20192,716,857
20182,686,283
20172,566,657
20162,480,218

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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