Gross Domestic Product of Iceland grew 5.1% in 2021 compared to last year. This rate is 120 -tenths of one percent higher than the figure of -6.9% published in 2020.
The GDP figure in 2021 was €21,819$25,596 million, Iceland is number 109 in the ranking of GDP of the 196 countries that we publish. The absolute value of GDP in Iceland rose €2,871$3,901 million with respect to 2020.
The GDP per capita of Iceland in 2021 was €58,570$69,405, €6,870$10,180 higher than in 2020, it was €51,700$59,225. 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 2011 when the GDP per capita in Iceland was €34,280$47,799.
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 196 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.