Gross Domestic Product of Iceland grew 8.5% in 2007 compared to last year. This rate is 22 -tenths of one percent higher than the figure of 6.3% published in 2006.
The GDP figure in 2007 was €15,827$21,653 million, Iceland is number 97 in the ranking of GDP of the 195 countries that we publish. The absolute value of GDP in Iceland rose €1,860$4,188 million with respect to 2006.
The GDP per capita of Iceland in 2007 was €50,790$70,375, €4,820$12,136 higher than in 2006, it was €45,970$58,239. 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 1997 when the GDP per capita in Iceland was €24,630$28,049.
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 6th out of the 195 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.