Iceland: Gross Domestic Product (GDP)
* indicates monthly or quarterly data series
The most recent value is 1287.87 billion Icelandic Krona as of Q1 2026, an increase compared to the previous value of 1253.19 billion Icelandic Krona. Historically, the average for Iceland from Q1 1995 to Q1 2026 is 499.6 billion Icelandic Krona. The minimum of 110.48 billion Icelandic Krona was recorded in Q1 1995, while the maximum of 1306.9 billion Icelandic Krona was reached in Q3 2025.
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* indicates monthly or quarterly data series
- Measure: billion Icelandic Krona
- Source: Statistics Iceland
| Recent values | Iceland: GDP, billion currency units |
|---|---|
| 2026 Q1 | 1287.87 |
| 2025 Q4 | 1253.19 |
| 2025 Q3 | 1306.9 |
| 2025 Q2 | 1230.2 |
| 2025 Q1 | 1165.31 |
| 2024 Q4 | 1176.92 |
| 2024 Q3 | 1197.62 |
| 2024 Q2 | 1145.11 |
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Definition: The Gross Domestic Product (GDP) is the sum of the gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. The data are in billion local currency units using current prices.
| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | -0.97 | 2024 | percent |
| GDP, constant dollars | 23.1 | 2025 | billion U.S. dollars |
| GDP, current U.S. dollars | 33.26 | 2024 | billion U.S. dollars |
| GDP per capita, current dollars | 98,323.48 | 2025 | U.S. dollars |
| GDP per capita, PPP | 67,310 | 2024 | U.S. dollars |
| GDP per capita, constant dollars | 59,307.18 | 2024 | 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 | 2.70 | Q1/2026 | percent |
| Economic growth Q-on-Q | 3.70 | Q1/2026 | percent |
| Gross Domestic Product (GDP) | 1,287.87 | Q1/2026 | billion |