Iceland: Economic growth Q-on-Q
* indicates monthly or quarterly data series
The most recent value is -3 percent as of Q2 2026, a decline compared to the previous value of 3.7 percent. Historically, the average for Iceland from Q2 1995 to Q2 2026 is 0.76 percent. The minimum of -9.4 percent was recorded in Q1 2009, while the maximum of 10.1 percent was reached in Q2 1998.
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* indicates monthly or quarterly data series
- Measure: percent
- Definition: The percent change in the Gross Domestic Product from the previous quarter using constant prices. Data are seasonally adjusted.
- Source: Statistics Iceland
| Recent values | Iceland: Economic growth, quarterly |
|---|---|
| 2026 Q2 | -3 |
| 2026 Q1 | 3.7 |
| 2025 Q4 | -0.9 |
| 2025 Q3 | 0.7 |
| 2025 Q2 | 0.3 |
| 2025 Q1 | 2.3 |
| 2024 Q4 | -2.2 |
| 2024 Q3 | -0.7 |
Download data from our database Other resources: All indicators for Iceland All indicators on the website Article: Are trade deficits bad for the economy? Article: Sources of economic growth Article: Currency values and investment returns All articles
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 1.28 | 2025 | percent |
| GDP, constant dollars | 23.1 | 2025 | billion U.S. dollars |
| GDP, current U.S. dollars | 38.58 | 2025 | billion U.S. dollars |
| GDP per capita, current dollars | 98,323.48 | 2025 | U.S. dollars |
| GDP per capita, PPP | 68,065 | 2025 | U.S. dollars |
| GDP per capita, constant dollars | 58,910.18 | 2025 | 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 | -1.10 | Q2/2026 | percent |
| Economic growth Q-on-Q | -3.00 | Q2/2026 | percent |
| Gross Domestic Product (GDP) | 1,286.83 | Q2/2026 | billion |