Gross Domestic Product of Iceland grew 7.4% in 1998 compared to last year. This rate is 16 -tenths of one percent higher than the figure of 5.8% published in 1997.
The GDP figure in 1998 was €7,571$8,504 million, Iceland is number 31 in the ranking of GDP of the 41 countries that we publish. The absolute value of GDP in Iceland rose €899$934 million with respect to 1997.
The GDP per capita of Iceland in 1998 was €27,650$31,220, €3,020$3,171 higher than in 1997, it was €24,630$28,049. 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 1988 when the GDP per capita in Iceland was €20,400$24,820.
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 41 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.