Iceland GDP (2026)
IMF (2026)
- Nominal (current) Gross Domestic Product (GDP) of Iceland is $42.77 billion ($42,772,000,000) as of 2026, according to the International Monetary Fund (IMF). #108 in the world
- The GDP growth rate in 2026 is 1.4%, according to the International Monetary Fund (IMF).
- GDP per Capita in Iceland (with a population of 402,329 people) is $107,464 in 2026, an increase of $8,681 from $98,783 in 2025; this represents a change of 8.8% in GDP per capita. #9 in the world
GDP Change (%)
Gross Domestic Product (GDP) of Iceland
| Year | GDP Nominal (Current USD) | GDP Growth | GDP per capita | Pop. Change |
|---|---|---|---|---|
| 2026 | $42,772,000,000 | 1.4% | $107,464 | +1.02% |
| 2025 | $38,471,000,000 | 1.1% | $98,783 | +1.24% |
| 2024 | $33,174,000,000 | −0.9% | $86,452 | +1.51% |
| 2023 | $31,659,000,000 | 5.2% | $84,376 | +1.89% |
| 2022 | $29,176,000,000 | 8.9% | $79,953 | +2.07% |
| 2021 | $26,235,000,000 | 5.2% | $73,221 | +1.64% |
| 2020 | $22,035,000,000 | −6.6% | $62,237 | +1.64% |
| 2019 | $24,986,000,000 | 1.1% | $71,496 | +2.22% |
| 2018 | $26,678,000,000 | 4.7% | $77,963 | +2.71% |
| 2017 | $25,060,000,000 | 3.5% | $75,367 | +2.37% |
| 2016 | $21,084,000,000 | 6.2% | $64,667 | +1.40% |
| 2015 | $17,700,000,000 | 3.8% | $54,796 | +1.05% |
| 2014 | $18,052,000,000 | 1.9% | $56,463 | +1.12% |
| 2013 | $16,244,000,000 | 3.6% | $51,437 | +0.95% |
| 2012 | $14,944,000,000 | 1.2% | $47,716 | +0.53% |
| 2011 | $15,394,000,000 | 1.4% | $49,365 | +0.31% |
| 2010 | $13,923,000,000 | −2.2% | $43,833 | −0.14% |
| 2009 | $13,213,000,000 | −8.3% | $41,371 | +0.35% |
| 2008 | $18,248,000,000 | 1.7% | $57,846 | +1.88% |
| 2007 | $21,960,000,000 | 8.7% | $71,375 | +2.56% |
| 2006 | $17,672,000,000 | 5.7% | $58,927 | +2.37% |
| 2005 | $17,146,000,000 | 7.0% | $58,405 | +1.60% |
| 2004 | $13,964,000,000 | 7.6% | $48,057 | +0.88% |
| 2003 | $11,565,000,000 | 2.3% | $40,090 | +0.69% |
| 2002 | $9,416,000,000 | 0.5% | $32,858 | +0.90% |
| 2001 | $8,323,000,000 | 3.8% | $29,374 | +1.34% |
| 2000 | $9,140,000,000 | 4.9% | $32,755 | +1.38% |
| 1999 | $9,108,000,000 | 3.9% | $33,033 | +1.22% |
| 1998 | $8,638,000,000 | 7.0% | $31,712 | +1.08% |
| 1997 | $7,717,000,000 | 4.1% | $28,594 | +0.83% |
| 1996 | $7,687,000,000 | 4.5% | $28,686 | +0.54% |
| 1995 | $7,373,000,000 | 0.1% | $27,615 | +0.55% |
| 1994 | $6,611,000,000 | 3.6% | $24,942 | +0.87% |
| 1993 | $6,439,000,000 | 1.3% | $24,540 | +1.02% |
| 1992 | $7,343,000,000 | −3.4% | $28,273 | +1.27% |
| 1991 | $7,174,000,000 | −0.2% | $28,040 | +1.17% |
| 1990 | $6,709,000,000 | 1.2% | $26,434 | +0.78% |
| 1989 | $5,881,000,000 | 0.3% | $23,343 | +1.25% |
| 1988 | $6,345,000,000 | −0.1% | $25,631 | +1.57% |
| 1987 | $5,733,000,000 | 8.5% | $23,480 | +1.10% |
| 1986 | $4,132,000,000 | 6.3% | $17,062 | +0.74% |
| 1985 | $3,096,000,000 | 3.3% | $12,867 | +0.79% |
| 1984 | $2,971,000,000 | 4.1% | $12,462 | +1.07% |
| 1983 | $2,876,000,000 | −2.2% | $12,210 | +1.33% |
| 1982 | $3,347,000,000 | 2.2% | $14,416 | +1.34% |
| 1981 | $3,642,000,000 | 4.3% | $15,882 | +1.14% |
| 1980 | $3,528,000,000 | 5.7% | $15,545 | +1.06% |
| Year | GDP PPP | GDP PPP per Capita | PPP Per Capita Change | Pop. Change |
|---|---|---|---|---|
| 2026 | $33,036,000,000 | $83,002 | 2.6% | +1.02% |
| 2025 | $31,512,000,000 | $80,915 | 2.2% | +1.24% |
| 2024 | $30,374,000,000 | $79,155 | −0.6% | +1.51% |
| 2023 | $29,884,000,000 | $79,645 | 6.2% | +1.89% |
| 2022 | $27,379,000,000 | $75,028 | 14.5% | +2.07% |
| 2021 | $23,475,000,000 | $65,517 | 11.4% | +1.64% |
| 2020 | $20,830,000,000 | $58,835 | −6.9% | +1.64% |
| 2019 | $22,092,000,000 | $63,215 | 5.5% | +2.22% |
| 2018 | $20,495,000,000 | $59,895 | 2.9% | +2.71% |
| 2017 | $19,363,000,000 | $58,232 | 3.3% | +2.37% |
| 2016 | $18,381,000,000 | $56,378 | 6.2% | +1.40% |
| 2015 | $17,142,000,000 | $53,069 | 3.7% | +1.05% |
| 2014 | $16,368,000,000 | $51,195 | 2.4% | +1.12% |
| 2013 | $15,786,000,000 | $49,985 | 4.5% | +0.95% |
| 2012 | $14,983,000,000 | $47,840 | 2.6% | +0.53% |
| 2011 | $14,539,000,000 | $46,622 | 5.4% | +0.31% |
| 2010 | $14,051,000,000 | $44,237 | −0.5% | −0.14% |
| 2009 | $14,198,000,000 | $44,455 | −8.9% | +0.35% |
| 2008 | $15,391,000,000 | $48,790 | 1.1% | +1.88% |
| 2007 | $14,848,000,000 | $48,259 | 8.9% | +2.56% |
| 2006 | $13,294,000,000 | $44,331 | 6.6% | +2.37% |
| 2005 | $12,204,000,000 | $41,571 | 9.3% | +1.60% |
| 2004 | $11,056,000,000 | $38,050 | 9.7% | +0.88% |
| 2003 | $10,004,000,000 | $34,680 | 3.6% | +0.69% |
| 2002 | $9,592,000,000 | $33,470 | 1% | +0.90% |
| 2001 | $9,394,000,000 | $33,152 | 4.6% | +1.34% |
| 2000 | $8,847,000,000 | $31,705 | 6% | +1.38% |
| 1999 | $8,247,000,000 | $29,911 | 4.1% | +1.22% |
| 1998 | $7,827,000,000 | $28,734 | 7.2% | +1.08% |
| 1997 | $7,233,000,000 | $26,800 | 5.2% | +0.83% |
| 1996 | $6,827,000,000 | $25,479 | 6% | +0.54% |
| 1995 | $6,416,000,000 | $24,032 | 1.5% | +0.55% |
| 1994 | $6,277,000,000 | $23,681 | 4.8% | +0.87% |
| 1993 | $5,932,000,000 | $22,606 | 2.7% | +1.02% |
| 1992 | $5,719,000,000 | $22,020 | −2.6% | +1.27% |
| 1991 | $5,787,000,000 | $22,617 | 2.3% | +1.17% |
| 1990 | $5,610,000,000 | $22,106 | 4.2% | +0.78% |
| 1989 | $5,345,000,000 | $21,218 | 2.4% | +1.25% |
| 1988 | $5,130,000,000 | $20,723 | 2% | +1.57% |
| 1987 | $4,960,000,000 | $20,315 | 10.3% | +1.10% |
| 1986 | $4,459,000,000 | $18,410 | 7.7% | +0.74% |
| 1985 | $4,113,000,000 | $17,095 | 5.6% | +0.79% |
| 1984 | $3,860,000,000 | $16,190 | 6.6% | +1.07% |
| 1983 | $3,578,000,000 | $15,190 | 0.2% | +1.33% |
| 1982 | $3,519,000,000 | $15,154 | 7.1% | +1.34% |
| 1981 | $3,244,000,000 | $14,145 | 12.9% | +1.14% |
| 1980 | $2,842,000,000 | $12,524 | – | +1.06% |
| Year | GDP Nominal (Current USD) | GDP Real (Constant, Inflation Adjusted) | Pop. Change |
|---|---|---|---|
| 2025 | $38,582,528,789 | $23,116,588,684 | +1.24% |
| 2024 | $33,186,621,855 | $22,824,557,131 | +1.51% |
| 2023 | $31,701,996,434 | $23,121,173,216 | +1.89% |
| 2022 | $29,176,227,825 | $22,013,401,667 | +2.07% |
| 2021 | $26,234,872,402 | $20,222,255,993 | +1.64% |
| 2020 | $22,034,665,041 | $19,226,227,455 | +1.64% |
| 2019 | $24,985,687,022 | $20,594,942,210 | +2.22% |
| 2018 | $26,677,652,544 | $20,363,166,153 | +2.71% |
| 2017 | $25,060,086,488 | $19,456,350,343 | +2.37% |
| 2016 | $21,083,713,310 | $18,801,118,750 | +1.40% |
| 2015 | $17,700,486,957 | $17,700,486,957 | +1.05% |
| 2014 | $18,052,183,515 | $17,057,653,884 | +1.12% |
| 2013 | $16,244,319,959 | $16,737,332,122 | +0.95% |
| 2012 | $14,943,757,823 | $16,156,200,541 | +0.53% |
| 2011 | $15,394,005,872 | $15,969,467,679 | +0.31% |
| 2010 | $13,922,711,577 | $15,752,089,366 | −0.14% |
| 2009 | $13,212,543,838 | $16,110,024,869 | +0.35% |
| 2008 | $18,247,921,360 | $17,572,297,288 | +1.88% |
| 2007 | $21,960,110,030 | $17,278,627,876 | +2.56% |
| 2006 | $17,671,649,843 | $15,889,660,324 | +2.37% |
| 2005 | $17,146,410,561 | $15,036,829,617 | +1.60% |
| 2004 | $13,963,943,244 | $14,049,259,326 | +0.88% |
| 2003 | $11,564,687,742 | $13,054,189,962 | +0.69% |
| 2002 | $9,416,199,700 | $12,763,018,327 | +0.90% |
| 2001 | $8,323,401,820 | $12,694,179,477 | +1.34% |
| 2000 | $9,140,168,922 | $12,224,638,525 | +1.38% |
| 1999 | $9,107,644,691 | $11,653,035,890 | +1.22% |
| 1998 | $8,637,732,542 | $11,215,843,690 | +1.08% |
| 1997 | $7,716,781,803 | $10,481,070,033 | +0.83% |
| 1996 | $7,686,566,105 | $10,064,319,597 | +0.54% |
| 1995 | $7,372,640,169 | $9,631,144,119 | +0.55% |
| 1994 | $6,612,804,056 | $9,619,928,854 | +0.87% |
| 1993 | $6,435,952,174 | $9,284,851,746 | +1.02% |
| 1992 | $7,328,497,599 | $9,164,480,917 | +1.27% |
| 1991 | $7,151,260,062 | $9,484,477,138 | +1.17% |
| 1990 | $6,694,851,159 | $9,505,724,857 | +0.78% |
| 1989 | $5,870,854,233 | $9,395,852,542 | +1.25% |
| 1988 | $6,320,093,411 | $9,371,632,514 | +1.57% |
| 1987 | $5,713,281,235 | $9,380,048,854 | +1.10% |
| 1986 | $4,129,080,094 | $8,641,547,420 | +0.74% |
| 1985 | $3,088,359,967 | $8,131,648,963 | +0.79% |
| 1984 | $2,964,568,006 | $7,872,422,570 | +1.07% |
| 1983 | $2,862,634,164 | $7,560,250,872 | +1.33% |
| 1982 | $3,318,714,326 | $7,726,459,512 | +1.34% |
| 1981 | $3,615,094,820 | $7,563,498,917 | +1.14% |
| 1980 | $3,499,616,683 | $7,254,110,590 | +1.06% |
| 1979 | $2,953,176,971 | $6,859,813,923 | +0.98% |
| 1978 | $2,599,627,089 | $6,541,842,287 | +0.78% |
| 1977 | $2,285,707,749 | $6,170,576,324 | +0.75% |
| 1976 | $1,727,845,419 | $5,670,324,569 | +0.99% |
| 1975 | $1,456,052,700 | $5,351,414,131 | +1.28% |
| 1974 | $1,568,154,077 | $5,317,057,694 | +1.36% |
| 1973 | $1,194,794,186 | $5,030,029,517 | +1.52% |
| 1972 | $869,002,946 | $4,709,500,459 | +1.48% |
| 1971 | $693,679,545 | $4,435,504,507 | +0.82% |
| 1970 | $545,115,909 | $3,923,113,079 | +0.54% |
| 1969 | $435,659,610 | $3,650,829,025 | +0.93% |
| 1968 | $498,365,200 | $3,565,624,494 | +1.37% |
| 1967 | $652,609,076 | $3,773,079,009 | +1.63% |
| 1966 | $660,663,763 | $3,821,238,093 | +1.70% |
| 1965 | $550,150,988 | $3,513,760,866 | +1.75% |
| 1964 | $456,206,299 | $3,274,817,716 | +1.82% |
| 1963 | $357,240,896 | $2,980,306,394 | +1.81% |
| 1962 | $299,309,938 | $2,702,465,528 | +1.87% |
| 1961 | $266,711,460 | $2,495,011,012 | +1.96% |
| 1960 | $260,984,499 | $2,496,863,287 | +2.07% |
Iceland GDP Projections (IMF)
| Year | GDP Nominal (Current USD) | GDP Growth | GDP per capita | Pop. Change |
|---|---|---|---|---|
| 2027 | $45,528,000,000 | 1.8% | $112,036 | +0.87% |
| 2028 | $47,403,000,000 | 2.1% | $114,250 | +0.79% |
| 2029 | $49,766,000,000 | 2.4% | $117,594 | +0.69% |
| 2030 | $52,082,000,000 | 2.4% | $120,653 | +0.61% |
| 2031 | $54,499,000,000 | 2.4% | $123,777 | +0.55% |
| Year | GDP PPP | GDP PPP per Capita | PPP Per Capita Change | Pop. Change |
|---|---|---|---|---|
| 2027 | $34,700,000,000 | $85,391 | −2.1% | +0.87% |
| 2028 | $36,175,000,000 | $87,188 | −2.2% | +0.79% |
| 2029 | $37,741,000,000 | $89,179 | −2.2% | +0.69% |
| 2030 | $39,377,000,000 | $91,222 | −2.1% | +0.61% |
| 2031 | $41,026,000,000 | $93,177 | – | +0.55% |
Sources:
- IMF, World Economic Outlook (October 2026).
- World Bank
- National Accounts Data – United Nations Statistics Division
- World Population Prospects: The 2024 Revision – United Nations Population Division