Gross Domestic Product of Iceland fell -0.1% in 1988 compared to last year. This rate is 86 -tenths of one percent less than the previous year, when changed 8.5%.
The GDP figure in 1988 was €5,099$6,145 million, Iceland is number 20 in the ranking of GDP of the 26 countries that we publish. The absolute value of GDP in Iceland rose €383$584 million with respect to 1987.
The GDP per capita of Iceland in 1988 was €20,400$24,820, €1,200$2,043 higher than in 1987, it was €19,200$22,777. 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 1978 when the GDP per capita in Iceland was €8,700$11,187.
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 5th out of the 26 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.