Gross Domestic Product of Iceland grew 0.3% in 1989 compared to last year. This rate is 4 -tenths of one percent higher than the figure of -0.1% published in 1988.
The GDP figure in 1989 was €5,072$5,700 million, Iceland is number 20 in the ranking of GDP of the 26 countries that we publish. The absolute value of GDP in Iceland dropped €27$445 million with respect to 1988.
The GDP per capita of Iceland in 1989 was €20,100$22,627, €300$2,193 less than in 1988, when it was €20,400$24,820. 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 1979 when the GDP per capita in Iceland was €9,100$12,573.
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 9th 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.