Iceland: Gross Domestic Product (GDP)
* indicates monthly or quarterly data series
The most recent value is 1178.8 billion Icelandic Krona as of Q4 2024, a decline compared to the previous value of 1216.17 billion Icelandic Krona. Historically, the average for Iceland from Q1 1995 to Q4 2024 is 463.08 billion Icelandic Krona. The minimum of 106.45 billion Icelandic Krona was recorded in Q1 1995, while the maximum of 1216.17 billion Icelandic Krona was reached in Q3 2024.
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* indicates monthly or quarterly data series
- Measure: billion Icelandic Krona
- Source: Statistics Iceland
| Recent values | Iceland: GDP, billion currency units |
|---|---|
| 2024 Q4 | 1178.8 |
| 2024 Q3 | 1216.17 |
| 2024 Q2 | 1151.61 |
| 2024 Q1 | 1069.89 |
| 2023 Q4 | 1080.15 |
| 2023 Q3 | 1138.71 |
| 2023 Q2 | 1085.37 |
| 2023 Q1 | 1034.38 |
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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 | 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 |