Nominal GDP in billions of USD
Year -
$33.46 billions(6.39%)
In 2024, Iceland witnessed an increase in its Nominal GDP, rising to 33.46 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 31.66 international billion dollars.
Relatedly, in the preceding year of 2023, Iceland has Nominal GDP stood at 31.45 billion dollars, while the GDP based on PPP was 30.16 international billion dollars.
The net change in Iceland's GDP (Nominal) in 2024 increased by 2.01 billion dollars(6.39%), and GDP (PPP) increased by 1.50 international billion dollars(4.97%).
| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.25 | - | - | - | - | - |
| 1961 | 0.26 | 0.01 | 4 % | - | - | - |
| 1962 | 0.29 | 0.03 | 11.54 % | - | - | - |
| 1963 | 0.35 | 0.06 | 20.69 % | - | - | - |
| 1964 | 0.44 | 0.09 | 25.71 % | - | - | - |
| 1965 | 0.53 | 0.09 | 20.45 % | - | - | - |
| 1966 | 0.64 | 0.11 | 20.75 % | - | - | - |
| 1967 | 0.63 | -0.01 | -1.56 % | - | - | - |
| 1968 | 0.48 | -0.15 | -23.81 % | - | - | - |
| 1969 | 0.42 | -0.06 | -12.5 % | - | - | - |
| 1970 | 0.53 | 0.11 | 26.19 % | - | - | - |
| 1971 | 0.67 | 0.14 | 26.42 % | - | - | - |
| 1972 | 0.84 | 0.17 | 25.37 % | - | - | - |
| 1973 | 1.15 | 0.31 | 36.9 % | - | - | - |
| 1974 | 1.52 | 0.37 | 32.17 % | - | - | - |
| 1975 | 1.41 | -0.11 | -7.24 % | - | - | - |
| 1976 | 1.67 | 0.26 | 18.44 % | - | - | - |
| 1977 | 2.21 | 0.54 | 32.34 % | - | - | - |
| 1978 | 2.51 | 0.3 | 13.57 % | - | - | - |
| 1979 | 2.85 | 0.34 | 13.55 % | - | - | - |
| 1980 | 3.38 | 0.53 | 18.6 % | - | - | - |
| 1981 | 3.49 | 0.11 | 3.25 % | - | - | - |
| 1982 | 3.21 | -0.28 | -8.02 % | - | - | - |
| 1983 | 2.77 | -0.44 | -13.71 % | - | - | - |
| 1984 | 2.86 | 0.09 | 3.25 % | - | - | - |
| 1985 | 2.98 | 0.12 | 4.2 % | - | - | - |
| 1986 | 3.99 | 1.01 | 33.89 % | - | - | - |
| 1987 | 5.52 | 1.53 | 38.35 % | - | - | - |
| 1988 | 6.11 | 0.59 | 10.69 % | - | - | - |
| 1989 | 5.67 | -0.44 | -7.2 % | - | - | - |
| 1990 | 6.47 | 0.8 | 14.11 % | 5.6 | - | - |
| 1991 | 6.91 | 0.44 | 6.8 % | 5.78 | 0.18 | 3.21 % |
| 1992 | 7.08 | 0.17 | 2.46 % | 5.71 | -0.07 | -1.21 % |
| 1993 | 6.22 | -0.86 | -12.15 % | 5.92 | 0.21 | 3.68 % |
| 1994 | 6.39 | 0.17 | 2.73 % | 6.26 | 0.34 | 5.74 % |
| 1995 | 7.12 | 0.73 | 11.42 % | 6.4 | 0.14 | 2.24 % |
| 1996 | 7.43 | 0.31 | 4.35 % | 6.66 | 0.26 | 4.06 % |
| 1997 | 7.57 | 0.14 | 1.88 % | 7.28 | 0.62 | 9.31 % |
| 1998 | 8.5 | 0.93 | 12.29 % | 7.87 | 0.59 | 8.1 % |
| 1999 | 8.98 | 0.48 | 5.65 % | 8.2 | 0.33 | 4.19 % |
| 2000 | 9.03 | 0.05 | 0.56 % | 8.38 | 0.18 | 2.2 % |
| 2001 | 8.23 | -0.8 | -8.86 % | 9.09 | 0.71 | 8.47 % |
| 2002 | 9.32 | 1.09 | 13.24 % | 9.38 | 0.29 | 3.19 % |
| 2003 | 11.43 | 2.11 | 22.64 % | 9.47 | 0.09 | 0.96 % |
| 2004 | 13.83 | 2.4 | 21 % | 10.4 | 0.93 | 9.82 % |
| 2005 | 16.85 | 3.02 | 21.84 % | 11.07 | 0.67 | 6.44 % |
| 2006 | 17.47 | 0.62 | 3.68 % | 12.06 | 0.99 | 8.94 % |
| 2007 | 21.65 | 4.18 | 23.93 % | 12.92 | 0.86 | 7.13 % |
| 2008 | 18.07 | -3.58 | -16.54 % | 13.88 | 0.96 | 7.43 % |
| 2009 | 13.15 | -4.92 | -27.23 % | 13.33 | -0.55 | -3.96 % |
| 2010 | 13.75 | 0.6 | 4.56 % | 12.65 | -0.68 | -5.1 % |
| 2011 | 15.22 | 1.47 | 10.69 % | 13.06 | 0.41 | 3.24 % |
| 2012 | 14.75 | -0.47 | -3.09 % | 13.47 | 0.41 | 3.14 % |
| 2013 | 16.13 | 1.38 | 9.36 % | 14.38 | 0.91 | 6.76 % |
| 2014 | 17.87 | 1.74 | 10.79 % | 15.06 | 0.68 | 4.73 % |
| 2015 | 17.52 | -0.35 | -1.96 % | 16.28 | 1.22 | 8.1 % |
| 2016 | 20.79 | 3.27 | 18.66 % | 17.94 | 1.66 | 10.2 % |
| 2017 | 24.73 | 3.94 | 18.95 % | 19.11 | 1.17 | 6.52 % |
| 2018 | 26.26 | 1.53 | 6.19 % | 20.17 | 1.06 | 5.55 % |
| 2019 | 24.68 | -1.58 | -6.02 % | 21.82 | 1.65 | 8.18 % |
| 2020 | 21.63 | -3.05 | -12.36 % | 20.45 | -1.37 | -6.28 % |
| 2021 | 25.77 | 4.14 | 19.14 % | 22.95 | 2.5 | 12.22 % |
| 2022 | 28.7 | 2.93 | 11.37 % | 28.05 | 5.1 | 22.22 % |
| 2023 | 31.45 | 2.75 | 9.58 % | 30.16 | 2.11 | 7.52 % |
| 2024 | 33.46 | 2.01 | 6.39 % | 31.66 | 1.5 | 4.97 % |