Iceland GDP Annual Growth Rate: 0.6% (2024)

GROSS DOMESTIC PRODUCT (ANNUAL RATE OF GROWTH)

Real GDP in Iceland is estimated to be $23 Billion US dollars at the end of 2024.

The economy of Iceland has grown at an average annual growth rate of 5.0% in the last four years and is ranked the 39th largest economy in Europe, ahead of Ireland.

World Economics Rates Iceland's Offical GDP Data as Grade A

GDP Annual Growth Rate: Iceland


Source: World Bank, World Economics
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Economic Indicators: Iceland 2021 2022 2023 2024
GDP Annual Growth Rate (%) 5.3 9.0 5.0 0.6
GDP per Capita Annual Growth Rate (%) 3.5 6.3 2.0 -0.9
Real GDP (US$ Billions, 2010) 20 22 23 23
Real GDP per Capita (US$, 2010) 54,507 57,933 59,096 58,551
Current GDP (Billions, US$) 26 29 31 32
Current GDP per Capita (US$) 69,326 75,314 79,637 78,902
Real GDP PPP (Billions, 2017) 23 25 26 26
Real GDP per Capita PPP (int$ 2017) 58,137 60,724 62,138 64,338
Data Quality Rating for Iceland See how much you can trust Iceland's GDP Data




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