Iceland Iceland GDP - Gross Domestic Product

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GDP Iceland third quarter of 2023

GDP in Iceland dropped 0.9% in first quarter

Gross Domestic Product of Iceland fell 0.9 in the third quarter of 2023 compared to the previous quarter. This rate is 18 -tenths of one percent less than in the previous quarter, when changed 0.9%.

The year-on-year change in GDP was -1.4%, 20 -tenths of one percent less than the 0.6% recorded in the forth quarter of 2023.

The GDP figure in the third quarter of 2023 was €7,089$6,514 million, Iceland is number 50 in the ranking of quarterly GDP of the 53 countries that we publish.

Iceland has a quarterly GDP per capita, of €18,283$18,283, less than the same period last year, when it was €18,320 $18,320 .

If we order the countries according to their GDP per capita, Iceland is in 6th position of the 53 countries whose quarterly 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 2024
DateQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2024Q1-0.9%-1.4%
< GDP Iceland 2023
Evolution: Annual GDP Iceland
DateAnnual GDPAnnual GDPGDP Growth (%)
2023€28,693M$31,020M4.1%
2022€27,297M$28,702M8.9%
2021€21,819M$25,798M5.1%
2020€18,948M$21,630M-6.9%
2019€22,043M$24,681M1.9%
2018€22,238M$26,261M4.9%
2017€21,918M$24,728M4.2%
2016€18,804M$20,793M6.3%
2015€15,795M$17,517M4.4%
2014€13,473M$17,868M1.7%
2013€12,133M$16,125M4.6%
2012€11,480M$14,752M1.1%
2011€10,934M$15,222M1.8%
2010€10,383M$13,751M-2.8%
2009€9,419M$13,154M-7.7%
2008€11,052M$18,075M2.2%
2007€15,827M$21,653M8.5%
2006€13,967M$17,465M6.3%
2005€13,568M$16,853M6.1%
2004€11,136M$13,825M7.8%
2003€10,118M$11,429M2.1%
2002€9,911M$9,318M0.6%
2001€9,177M$8,235M4.0%
2000€9,776M$9,026M5.0%
1999€8,418M$8,982M4.0%
1998€7,571M$8,504M7.4%
1997€6,672M$7,570M5.8%
1996€5,833M$7,426M4.6%
1995€5,442M$7,124M0.1%
1994€5,298M$6,393M3.6%
1993€5,226M$6,225M1.3%
1992€5,377M$7,105M-3.4%
1991€5,501M$6,949M-0.2%
1990€5,017M$6,504M1.2%
1989€5,072M$5,700M0.3%
1988€5,099M$6,145M-0.1%
1987€4,716M$5,561M8.5%
1986€3,998M$4,014M6.3%
1985€3,857M$3,009M3.3%
1984€3,595M$2,892M4.1%
1983€3,079M$2,793M-2.2%
1982€3,246M$3,251M2.2%
1981€3,095M$3,543M4.3%
1980€2,400M$3,434M6.0%
1979€2,048M$2,853M4.9%
1978€1,936M$2,512M6.0%
1977€1,905M$2,209M8.8%
1976€1,472M$1,669M6.0%
1975€1,119M$1,407M0.6%
1974$1,515M5.7%
1973$1,154M6.8%
1972$840M6.2%
1971$670M13.1%
1970$527M7.5%
1969$415M2.4%
1968$474M-5.5%
1967$621M-1.3%
1966$629M8.7%
1965$524M7.3%
1964$434M9.9%
1963$340M10.3%
1962$285M8.3%
1961$254M-0.1%
1960$248M
Evolution: GDP per capita Iceland
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
2023€75,610$79,9982.5%7.3%
2022€73,760$74,59122.2%7.5%
2021€60,340$69,40513.4%17.2%
2020€53,190$59,225-15.1%-14.3%
2019€62,660$69,137-2.6%-8.3%
2018€64,310$75,374-1.0%3.1%
2017€64,980$73,08513.8%16.9%
2016€57,100$62,53017.3%17.5%
2015€48,680$53,22816.1%-3.0%
2014€41,920$54,8649.8%9.5%
2013€38,180$50,1004.6%8.5%
2012€36,500$46,1604.3%-3.4%
2011€34,990$47,7996.1%10.4%
2010€32,990$43,29311.6%5.1%
2009€29,570$41,189-15.1%-28.1%
2008€34,820$57,296-31.4%-18.6%
2007€50,790$70,37510.5%20.8%
2006€45,970$58,2390.5%1.5%
2005€45,730$57,40619.9%20.7%
2004€38,130$47,5809.1%20.1%
2003€34,950$39,6201.4%21.9%
2002€34,470$32,5167.1%11.9%
2001€32,200$29,061-7.4%-10.2%
2000€34,770$32,34414.6%-0.7%
1999€30,350$32,5789.8%4.4%
1998€27,630$31,22012.2%11.3%
1997€24,630$28,04913.6%1.2%
1996€21,690$27,7146.6%3.9%
1995€20,350$26,6822.3%10.6%
1994€19,900$24,1180.5%1.7%
1993€19,800$23,726-3.9%-13.3%
1992€20,600$27,357-3.3%0.7%
1991€21,300$27,1608.1%6.0%
1990€19,700$25,629-2.0%13.3%
1989€20,100$22,627-1.5%-8.8%
1988€20,400$24,8206.3%9.0%
1987€19,200$22,77717.1%37.4%
1986€16,400$16,5722.5%32.5%
1985€16,000$12,5066.7%3.1%
1984€15,000$12,13015.4%2.3%
1983€13,000$11,857-6.5%-15.3%
1982€13,900$14,0033.7%-9.4%
1981€13,400$15,44927.6%2.1%
1980€10,500$15,12915.4%20.3%
1979€9,100$12,5734.6%12.4%
1978€8,700$11,1871.2%12.7%
1977€8,600$9,92428.4%31.4%
1976€6,700$7,55331.4%17.7%
1975€5,100$6,416-8.2%
1974$6,99229.5%
1973$5,40235.7%
1972$3,98123.2%
1971$3,23225.7%
1970$2,57126.5%
1969$2,032-13.2%
1968$2,340-24.5%
1967$3,102-2.7%
1966$3,18918.1%
1965$2,70118.6%
1964$2,27825.5%
1963$1,81517.2%
1962$1,54910.3%
1961$1,4050.2%
1960$1,401
Evolution: GDP growth rate at constant prices Iceland
Evolution: GDP per capita Iceland
GDP Iceland