Iceland GDP (2026): History, Growth Rate & Projections

Nominal Gross Domestic Product (GDP) of Iceland is $43.80 billion as of 2026, according to the International Monetary Fund (IMF). The GDP growth rate in 2026 is 1.9%. GDP per capita is $110,048.

Iceland GDP Trend

Nominal GDP of Iceland has grown from $3.53 billion in 1980 to $43.80 billion in 2026.

Iceland GDP Growth Rate (%)

This chart shows the year-over-year real GDP growth rate of Iceland. Hover any bar to see the exact value for that year.

Average Growth

2.72%

Best Year

2022 (+8.9%)

Worst Year

2009 (-8.3%)

Years of Contraction

8 of 47

GDP per capita in Iceland rose from $99,071 in 2025 to $110,048 in 2026, an increase of 11.1%.

"Iceland GDP", "Iceland gross domestic product", and "Iceland economy size" all refer to the same nominal GDP figure.

Gross Domestic Product (GDP) of Iceland

The table below shows nominal and PPP GDP, growth rate, and GDP per capita for Iceland for every year IMF has published data, from 1980 to 2026. Click any column header to sort, or search by year.

Iceland nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2026	$43,800,000,000	1.9%	$110,048	2.31%
2025	$38,583,000,000	1.3%	$99,071	1.3%
2024	$33,187,000,000	-1.3%	$86,485	2.4%
2023	$31,702,000,000	5%	$84,490	2.74%
2022	$29,176,000,000	8.9%	$79,953	1.96%
2021	$26,235,000,000	5.2%	$73,221	1.13%
2020	$22,035,000,000	-6.6%	$62,237	1.43%
2019	$24,986,000,000	1.1%	$71,496	2.05%
2018	$26,678,000,000	4.7%	$77,963	2.7%
2017	$25,060,000,000	3.5%	$75,367	2.15%
2016	$21,084,000,000	6.2%	$64,667	0.93%
2015	$17,700,000,000	3.8%	$54,796	0.94%
2014	$18,052,000,000	1.9%	$56,463	1.27%
2013	$16,244,000,000	3.6%	$51,437	0.96%
2012	$14,944,000,000	1.2%	$47,716	0.32%
2011	$15,394,000,000	1.4%	$49,365	-1.89%
2010	$13,923,000,000	-2.2%	$43,833	-0.31%
2009	$13,213,000,000	-8.3%	$41,371	1.27%
2008	$18,248,000,000	1.7%	$57,846	2.27%
2007	$21,960,000,000	8.7%	$71,375	2.67%
2006	$17,672,000,000	5.7%	$58,927	2.04%
2005	$17,146,000,000	7%	$58,405	1.03%
2004	$13,964,000,000	7.6%	$48,057	1.04%
2003	$11,565,000,000	2.3%	$40,090	0.35%
2002	$9,416,000,000	0.5%	$32,858	1.41%
2001	$8,323,000,000	3.8%	$29,374	1.43%
2000	$9,140,000,000	4.9%	$32,755	1.09%
1999	$9,108,000,000	3.9%	$33,033	1.47%
1998	$8,638,000,000	7%	$31,712	0.74%
1997	$7,717,000,000	4.1%	$28,594	0.75%
1996	$7,687,000,000	4.5%	$28,686	0.37%
1995	$7,373,000,000	0.1%	$27,615	0.75%
1994	$6,611,000,000	3.6%	$24,942	1.15%
1993	$6,439,000,000	1.3%	$24,540	0.77%
1992	$7,343,000,000	-3.4%	$28,273	1.56%
1991	$7,174,000,000	-0.2%	$28,040	0.79%
1990	$6,709,000,000	1.2%	$26,434	0.79%
1989	$5,881,000,000	0.3%	$23,343	1.61%
1988	$6,345,000,000	-0.1%	$25,631	1.64%
1987	$5,733,000,000	8.5%	$23,480	0.83%
1986	$4,132,000,000	6.3%	$17,062	0.41%
1985	$3,096,000,000	3.3%	$12,867	1.26%
1984	$2,971,000,000	4.1%	$12,462	0.85%
1983	$2,876,000,000	-2.2%	$12,210	1.72%
1982	$3,347,000,000	2.2%	$14,416	1.31%
1981	$3,642,000,000	4.3%	$15,882	0.88%
1980	$3,528,000,000	5.7%	$15,545	—

ETF Return Calculator

Estimate ETF investment growth over a chosen holding period.

Open calculator

Iceland GDP Projections (IMF)

IMF projects nominal GDP for Iceland through 2031, based on current growth and inflation assumptions.

Iceland nominal GDP by year
Year	GDP Nominal (Current USD)	GDP Growth	GDP per capita	Pop. Change
2031	$55,162,000,000	2.4%	$125,283	1.85%
2030	$52,695,000,000	2.4%	$122,074	2.13%
2029	$50,330,000,000	2.4%	$118,926	1.93%
2028	$48,085,000,000	2.4%	$115,893	2.22%
2027	$45,968,000,000	2.1%	$113,119	2.01%

Compare Iceland to Nearby-Ranked Economies

Iceland ranks #107 in the world by nominal GDP. See how it compares to the economies ranked just above and below it.

#106Sudan GDP #108Georgia GDP

CAGR Calculator

Work out the compound annual growth rate behind any investment or income change.

Open calculator

Frequently Asked Questions

What is the GDP of Iceland?

The nominal GDP of Iceland in 2026 is $43.80 billion, according to the IMF World Economic Outlook (April 2026). This ranks Iceland 107th in the world by nominal GDP.

What is the GDP growth rate of Iceland?

The GDP growth rate of Iceland in 2026 is 1.9%, per IMF estimates.

What is the GDP per capita of Iceland?

GDP per capita in Iceland in 2026 is $110,048, per IMF data.

Is the GDP of Iceland expected to grow?

IMF projects the nominal GDP of Iceland to reach $55.16 billion by 2031, up from $43.80 billion in 2026.

Sources: IMF, World Economic Outlook (April 2026).

Disclaimer: GDP figures are IMF World Economic Outlook (April 2026) estimates and projections, subject to revision in future WEO releases. This page is for informational purposes only and is not investment or economic advice.