Iceland: Economic growth Q-on-Q
* indicates monthly or quarterly data series
The most recent value is -1.4 percent as of Q4 2024, no change compared to the previous value of -1.4 percent. Historically, the average for Iceland from Q2 1995 to Q4 2024 is 0.85 percent. The minimum of -10.1 percent was recorded in Q1 2009, while the maximum of 9.9 percent was reached in Q2 1998.
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* indicates monthly or quarterly data series
- Measure: percent
- Source: Statistics Iceland
| Recent values | Iceland: Economic growth, quarterly |
|---|---|
| 2024 Q4 | -1.4 |
| 2024 Q3 | -1.4 |
| 2024 Q2 | 1.7 |
| 2024 Q1 | 1.7 |
| 2023 Q4 | -1.1 |
| 2023 Q3 | -2.4 |
| 2023 Q2 | 2.6 |
| 2023 Q1 | 3 |
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Definition: The percent change in the Gross Domestic Product from the previous quarter using constant prices. Data are seasonally adjusted.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 5.04 | 2023 | percent |
| GDP, constant dollars | 23.0 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 31.33 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 79,636.95 | 2023 | U.S. dollars |
| GDP per capita, PPP | 67,256 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 58,393.18 | 2023 | U.S. dollars |
| Productivity, relative to the U.S. | 98.52 | 2022 | index points |
| Productivity, current USD | 96.3 | 2023 | USD per hour worked |
| Economic growth, quarterly | 2.10 | Q4/2024 | percent |
| Economic growth Q-on-Q | -1.40 | Q4/2024 | percent |
| Gross Domestic Product (GDP) | 1,178.80 | Q4/2024 | billion |