GDP Iceland third quarter of 2025

GDP in Iceland dropped 0.2% in third quarter

Gross Domestic Product of Iceland fell 0.2 in the third quarter of 2025 compared to the previous quarter. This rate is 2 -tenths of one percent higher than the figure of -0.4% publitshed in 2023}.

The year-on-year change in GDP was 0.2%, 5 -tenths of one percent more than the -0.3% recorded in the second quarter of 2025.

The GDP figure in the third quarter of 2025 was €8,623$10,073 million, Iceland is number 50 in the ranking of quarterly GDP of the 55 countries that we publish.

Iceland has a quarterly GDP per capita, of €22,143$22,143, €2327 $2327 higher than the same quarter last year, it was .

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 4 th out of the 55 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 2025
DateQuarterly GDPQuarterly GDPQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2025Q3€8,623M$10,073M-0.2%0.2%
2025Q2€8,411M$9,537M-0.4%-0.3%
2025Q1€8,333M$8,770M3.0%2.2%
< GDP Iceland 2024
Quaterly GDP Per Capita 2025
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
2025Q322,143K2.5%11.7%$25,86518.8%5.6%
2025Q221,598K0.9%9.7%$24,48815.5%8.8%
2025Q121,398K3.1%9.9%$22,5186.5%1.6%
< GDP Iceland 2024
Evolution: Annual GDP Iceland
DateAnnual GDPAnnual GDPGDP Growth (%)
2024€30,697M$33,222M-1.2%
2023€29,334M$31,712M5.1%
2022€27,739M$29,166M8.8%
2021€22,188M$26,235M5.2%
2020€19,303M$22,035M-6.6%
2019€22,315M$24,986M1.1%
2018€22,591M$26,678M4.7%
2017€22,212M$25,060M3.5%
2016€19,067M$21,084M6.2%
2015€15,961M$17,700M3.8%
2014€13,612M$18,052M1.9%
2013€12,223M$16,244M3.6%
2012€11,630M$14,944M1.2%
2011€11,058M$15,394M1.4%
2010€10,513M$13,923M-2.2%
2009€9,461M$13,213M-8.3%
2008€11,158M$18,248M1.7%
2007€16,052M$21,960M8.7%
2006€14,132M$17,672M5.7%
2005€13,804M$17,146M7.0%
2004€11,248M$13,964M7.6%
2003€10,238M$11,565M2.3%
2002€10,015M$9,416M0.5%
2001€9,276M$8,323M3.8%
2000€9,900M$9,140M4.9%
1999€8,536M$8,982M3.9%
1998€7,690M$8,504M7.0%
1997€6,802M$7,570M4.1%
1996€6,038M$7,426M4.5%
1995€5,632M$7,124M0.1%
1994€5,298M$6,389M3.6%
1993€5,226M$6,219M1.3%
1992€5,377M$7,081M-3.4%
1991€5,501M$6,910M-0.2%
1990€5,017M$6,469M1.2%
1989€5,072M$5,673M0.3%
1988€5,099M$6,107M-0.1%
1987€4,716M$5,520M8.5%
1986€3,998M$3,990M6.3%
1985€3,857M$2,984M3.3%
1984€3,595M$2,864M4.1%
1983€3,079M$2,766M-2.2%
1982€3,246M$3,207M2.2%
1981€3,095M$3,493M4.3%
1980€2,400M$3,381M6.0%
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$436M2.4%
1968$498M-5.5%
1967$653M-1.3%
1966$661M8.7%
1965$550M7.3%
1964$456M9.9%
1963$357M10.3%
1962$299M8.3%
1961$267M-0.1%
1960$261M
Evolution: GDP per capita Iceland
DateGDP per capita GDP per capita GDP P.C. Annual GrowthGDP P.C. Annual Growth
2024€79,400$86,6642.8%2.7%
2023€77,250$84,4253.0%5.6%
2022€75,030$79,92522.3%9.2%
2021€61,360$73,22113.2%17.7%
2020€54,190$62,237-14.6%-13.0%
2019€63,430$71,496-2.9%-8.3%
2018€65,330$77,963-0.8%3.4%
2017€65,850$75,36713.7%16.6%
2016€57,900$64,66717.7%18.0%
2015€49,180$54,79616.1%-3.0%
2014€42,350$56,46310.1%9.8%
2013€38,460$51,4374.0%7.8%
2012€36,980$47,7164.5%-3.3%
2011€35,390$49,3655.9%12.6%
2010€33,410$43,83312.5%6.0%
2009€29,700$41,371-15.5%-28.5%
2008€35,150$57,846-31.8%-19.0%
2007€51,520$71,37510.8%21.1%
2006€46,520$58,9270.0%0.9%
2005€46,530$58,40520.8%21.5%
2004€38,510$48,0578.9%19.9%
2003€35,360$40,0901.5%22.0%
2002€34,840$32,8587.0%11.9%
2001€32,550$29,374-7.6%-10.3%
2000€35,210$32,75514.4%-0.8%
1999€30,770$33,0339.6%4.2%
1998€28,070$31,71211.8%10.9%
1997€25,110$28,59411.9%3.2%
1996€22,450$27,7146.6%3.9%
1995€21,060$26,6825.8%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$6,417-8.2%
1974$6,99229.5%
1973$5,40135.7%
1972$3,98123.2%
1971$3,23225.7%
1970$2,57120.4%
1969$2,135-13.2%
1968$2,459-24.5%
1967$3,258-2.7%
1966$3,35018.1%
1965$2,83718.6%
1964$2,39325.5%
1963$1,90717.2%
1962$1,62710.3%
1961$1,4750.2%
1960$1,472
Evolution: GDP growth rate at constant prices Iceland
Evolution: GDP per capita Iceland
GDP Iceland