Iceland Iceland GDP - Gross Domestic Product

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GDP Iceland 2020

GDP in Iceland falls 6.6

Gross Domestic Product of Iceland fell -6.6% in 2020 compared to last year. This rate is 92 -tenths of one percent less than the previous year, when changed 2.6%.

The GDP figure in 2020 was €19,022$21,727 million, Iceland is number 112 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Iceland dropped €3,160$2,461 million with respect to 2019.

The GDP per capita of Iceland in 2020 was €52,170$59,668, €9,340$6,758 less than in 2019, when it was €61,510$66,426. 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 2010 when the GDP per capita in Iceland was €32,650$43,293.

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 11th out of the 196 countries whose GDP we publish.

Here we show you the progression of the GDP in Iceland. You can see GDP in other countries in GDP and see all the economic information about Iceland in Iceland's economy.

Quarterly GDP at market prices 2020
DateQuarterly GDPQuarterly GDPQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2020Q44,785M.€5,708M.$4.8%-5.9%
2020Q34,607M.€5,386M.$3.8%-6.0%
2020Q24,480M.€4,934M.$-7.1%-10.1%
2020Q15,199M.€5,733M.$-6.9%-4.7%
< GDP Iceland 2019
Quaterly GDP Per Capita 2020
DateQu. GDP Per CapitaQu. GDP P.C. Qu. GrowthQu. GDP P.C. An. GrowthQu. GDP Per Capita $Qu. GDP P.C. An. GrowthQu. GDP P.C. Qu. Growth
2020Q413,142€3.9%-17.1%15,677$-10.7%6.0%
2020Q312,653€2.9%-18.4%14,790$-14.2%9.2%
2020Q212,302€-13.8%-20.2%13,550$-21.8%-13.9%
2020Q114,278€-9.9%-5.2%15,744$-7.9%-10.3%
< GDP Iceland 2019
Evolution: Annual GDP Iceland
DateAnnual GDPAnnual GDPGDP Growth (%)
202019,022M.€21,727M.$-6.6%
201922,182M.€24,188M.$2.6%
201822,207M.€26,224M.$4.7%
201721,918M.€24,728M.$4.2%
201618,804M.€20,793M.$6.3%
201515,795M.€17,517M.$4.4%
201413,473M.€17,868M.$1.7%
201312,133M.€16,125M.$4.6%
201211,480M.€14,752M.$1.1%
201110,934M.€15,222M.$1.8%
201010,383M.€13,751M.$-2.8%
20099,419M.€13,154M.$-7.7%
200811,052M.€18,075M.$2.2%
200715,827M.€21,653M.$8.5%
200613,967M.€17,465M.$6.3%
200513,568M.€16,853M.$6.1%
200411,136M.€13,825M.$7.8%
200310,118M.€11,429M.$2.1%
20029,911M.€9,318M.$0.6%
20019,177M.€8,235M.$4.0%
20009,776M.€9,026M.$5.0%
19998,418M.€8,982M.$4.0%
19987,571M.€8,504M.$7.4%
19976,672M.€7,570M.$5.8%
19965,833M.€7,480M.$4.6%
19955,442M.€7,131M.$0.1%
19945,298M.€6,399M.$3.6%
19935,226M.€6,232M.$1.3%
19925,377M.€7,112M.$-3.4%
19915,501M.€6,955M.$-0.2%
19905,017M.€6,510M.$1.2%
19895,072M.€5,705M.$0.3%
19885,099M.€6,149M.$-0.1%
19874,716M.€5,566M.$8.5%
19863,998M.€4,017M.$6.3%
19853,857M.€3,012M.$3.3%
19843,595M.€2,894M.$4.1%
19833,079M.€2,795M.$-2.2%
19823,246M.€3,253M.$2.2%
19813,095M.€3,544M.$4.3%
19802,400M.€3,434M.$6.0%
19792,048M.€2,858M.$4.9%
19781,936M.€2,516M.$6.0%
19771,905M.€2,212M.$8.8%
19761,472M.€1,672M.$6.0%
19751,119M.€1,409M.$0.6%
19741,518M.$5.7%
19731,156M.$6.8%
1972841M.$6.2%
1971671M.$13.1%
1970528M.$7.5%
1969415M.$2.4%
1968474M.$-5.5%
1967621M.$-1.3%
1966629M.$8.7%
1965524M.$7.3%
1964434M.$9.9%
1963340M.$10.3%
1962285M.$8.3%
1961254M.$-0.1%
1960248M.$
Evolution: GDP per capita Iceland
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
202052,170€59,668$-15.2%-10.2%
201961,510€66,426$-2.3%-11.7%
201862,960€75,260$-1.4%3.0%
201763,830€73,085$13.8%16.9%
201656,070€62,530$17.4%17.5%
201547,750€53,228$16.0%-3.0%
201441,150€54,864$9.8%9.5%
201337,470€50,100$4.7%8.5%
201235,800€46,160$4.4%-3.4%
201134,280€47,799$5.0%10.4%
201032,650€43,293$10.6%5.1%
200929,510€41,189$-14.7%-28.1%
200834,600€57,296$-31.9%-18.6%
200750,830€70,375$10.7%20.8%
200645,900€58,239$0.1%1.5%
200545,850€57,406$20.5%20.7%
200438,060€47,580$8.8%20.1%
200334,970€39,620$1.5%21.9%
200234,460€32,516$7.1%11.9%
200132,190€29,061$-7.4%-10.2%
200034,770€32,344$14.5%-0.7%
199930,370€32,578$9.8%4.4%
199827,650€31,220$12.3%11.3%
199724,630€28,049$13.6%0.5%
199621,690€27,914$6.6%4.5%
199520,350€26,712$2.3%10.6%
199419,900€24,143$0.5%1.7%
199319,800€23,749$-3.9%-13.3%
199220,600€27,383$-3.3%0.7%
199121,300€27,183$8.1%6.0%
199019,700€25,651$-2.0%13.3%
198920,100€22,647$-1.5%-8.8%
198820,400€24,840$6.3%9.0%
198719,200€22,796$17.1%37.4%
198616,400€16,586$2.5%32.5%
198516,000€12,517$6.7%3.1%
198415,000€12,139$15.4%2.3%
198313,000€11,865$-6.5%-15.3%
198213,900€14,009$3.7%-9.4%
198113,400€15,455$27.6%2.1%
198010,500€15,133$15.4%20.2%
19799,100€12,592$4.6%12.4%
19788,700€11,204$1.2%12.7%
19778,600€9,938$28.4%31.4%
19766,700€7,564$31.4%17.7%
19755,100€6,426$-8.2%
19747,003$29.5%
19735,410$35.7%
19723,987$23.2%
19713,237$25.7%
19702,575$26.7%
19692,032$-13.2%
19682,340$-24.5%
19673,102$-2.7%
19663,189$18.1%
19652,701$18.6%
19642,278$25.5%
19631,816$17.3%
19621,548$10.2%
19611,405$0.3%
19601,401$
Evolution: GDP growth rate at constant prices Iceland
Evolution: GDP per capita Iceland
GDP Iceland