The Gross Domestic Product (GDP) in Iceland was worth 25.88 billion US dollars in 2018. The GDP value of Iceland represents 0.04 percent of the world economy. GDP in Iceland averaged 7.40 USD Billion from 1960 until 2018, reaching an all time high of 25.88 USD Billion in 2018 and a record low of 0.25 USD Billion in 1961.

GDP in Iceland is expected to be 24.70 USD Billion by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland GDP is projected to trend around 28.50 USD Billion in 2020, according to our econometric models.

Iceland GDP
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Forecast Data Chart
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Iceland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 0.60 1.70 7.60 -7.60 percent [+]
GDP Annual Growth Rate 1.70 4.00 13.40 -8.70 percent [+]
GDP 25.88 24.49 25.88 0.25 USD Billion [+]
GDP Constant Prices 383461.00 385392.00 385392.00 181908.00 ISK Million [+]
Gross National Product 1468662.00 1420499.00 1468662.00 496273.00 ISK Million [+]
Gross Fixed Capital Formation 64633.00 82745.00 108559.00 29062.00 ISK Million [+]
GDP per capita 52103.20 51282.00 52103.20 11465.03 USD [+]
GDP per capita PPP 48605.58 47839.52 48605.58 28295.13 USD [+]


Iceland GDP

The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. 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 - actual data, historical chart and calendar of releases - was last updated on August of 2019.

Actual Previous Highest Lowest Dates Unit Frequency
25.88 24.49 25.88 0.25 1960 - 2018 USD Billion Yearly
Current USD




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