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GDP Iceland 2019

GDP grows 1.9% in Iceland

Gross Domestic Product of Iceland grew 1.9% in 2019 compared to last year. This rate is 29 -tenths of one percent less than the figure of 4.8% published in 2018.

The GDP figure in 2019 was €21,603$24,184 million, Iceland is number 108 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Iceland dropped €385$1,781 million with respect to 2018.

The GDP per capita of Iceland in 2019 was €59,910$67,745, €2,430$6,770 less than in 2018, when it was €62,340$74,515. 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 2009 when the GDP per capita in Iceland was €29,530$41,221.

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.

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 2019
DateQuarterly GDPQuarterly GDPQuat. GDP Growth (%)Quat. GDP Annual Growth (%)
2019Q45,743M.€6,358M.$4.8%4.1%
2019Q35,341M.€5,938M.$-1.0%1.0%
2019Q25,391M.€6,058M.$3.2%2.1%
2019Q15,126M.€5,822M.$-2.8%0.4%
< GDP Iceland 2018
Quaterly GDP Per Capita 2019
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
2019Q416,088€7.5%10.1%17,811$6.8%7.1%
2019Q314,960€-0.9%-5.7%16,634$-9.9%-2.0%
2019Q215,102€5.2%-6.7%16,970$-12.0%4.1%
2019Q114,359€-1.7%-8.6%16,309$-15.5%-2.2%
< GDP Iceland 2018
Evolution: Annual GDP Iceland
DateAnnual GDPAnnual GDPGDP Growth (%)
201921,603M.€24,184M.$1.9%
201821,988M.€25,965M.$4.8%
201721,677M.€24,457M.$4.4%
201618,646M.€20,618M.$6.6%
201515,680M.€17,389M.$4.7%
201413,390M.€17,758M.$2.1%
201312,064M.€16,034M.$4.1%
201211,459M.€14,724M.$1.3%
201110,889M.€15,159M.$1.9%
201010,332M.€13,684M.$-3.4%
20099,426M.€13,165M.$-6.8%
200810,949M.€17,905M.$2.0%
200715,727M.€21,515M.$9.4%
200613,768M.€17,216M.$5.2%
200513,536M.€16,813M.$6.3%
200411,144M.€13,835M.$8.0%
200310,105M.€11,414M.$2.3%
20029,886M.€9,295M.$0.7%
20019,144M.€8,205M.$3.9%
20009,752M.€9,004M.$4.9%
19998,408M.€8,972M.$4.0%
19987,562M.€8,494M.$7.1%
19976,682M.€7,581M.$5.8%
19965,843M.€7,480M.$4.6%
19955,450M.€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
201959,910€67,745$-3.9%-9.1%
201862,340€74,515$-1.3%3.1%
201763,130€72,283$13.6%16.6%
201655,590€62,005$17.3%17.4%
201547,400€52,838$15.9%-3.1%
201440,900€54,528$9.8%9.5%
201337,260€49,816$4.3%8.1%
201235,730€46,074$4.7%-3.2%
201134,130€47,601$5.1%10.5%
201032,490€43,081$10.0%4.5%
200929,530€41,221$-13.9%-27.4%
200834,280€56,759$-32.1%-18.8%
200750,500€69,928$11.6%21.8%
200645,240€57,409$-1.1%0.3%
200545,740€57,268$20.1%20.3%
200438,090€47,612$9.1%20.3%
200334,930€39,567$1.6%22.0%
200234,370€32,434$7.2%12.0%
200132,070€28,957$-7.5%-10.3%
200034,680€32,265$14.3%-0.8%
199930,330€32,540$9.8%4.4%
199827,620€31,185$12.0%11.0%
199724,670€28,091$13.5%0.6%
199621,730€27,914$6.6%4.5%
199520,380€26,712$2.4%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