The Gross Domestic Product (GDP) in Iceland was worth 24.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Iceland represents 0.02 percent of the world economy.
GDP in Iceland averaged 7.69 USD Billion from 1960 until 2019, reaching an all time high of 25.88 USD Billion in 2018 and a record low of 0.25 USD Billion in 1961. This page provides the latest reported value for - Iceland GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news. Iceland GDP - values, historical data and charts - was last updated on May of 2020. source: World Bank
GDP in Iceland is expected to reach 26.90 USD Billion by the end of 2020, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland GDP is projected to trend around 29.90 USD Billion in 2021 and 32.00 USD Billion in 2022, according to our econometric models.