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.