Gross Domestic Product of Iceland grew 7.2% in 2016 compared to last year . This rate is 30-tenths of one percent higher than the figure of 4.2% published in 2015.
The GDP figure in 2016 was €18,130$16,718 million, Iceland is number 109 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Iceland rose €2,996$441 million with respect to 2015.
The GDP per capita of Iceland in 2016 was €54,521$50,277, €8,821$1,863 higher than in 2015, it was €45,700$52,140. To view the evolution of the GDP per capita, it is interesting to look back a few years and compare these data with those of 2006 when the GDP per capita in Iceland was €44,800$55,852.
If we order the countries according to their GDP per capita, Iceland is very well positioned in terms of the standard of living of its population, coming 7th out of the 196 countries whose GDP we publish.