Europe & Central Asia
🇮🇸 Iceland
Real-time economic and demographic statistics for Iceland
GDP
#112
of 214
Population
#175
of 217
GDP per Capita
#14
of 214
GDP Growth
#166
of 214
Share of World
0.03%
of world GDP
Income Level
High income
Iceland GDP (2015–2024)
+0.52%annual growth
Chart data: 2015: 17,517,210,519.091 USD, 2016: 20,793,168,030.952 USD, 2017: 24,728,285,177.46 USD, 2018: 26,260,850,582.069 USD, 2019: 24,681,343,649.295 USD, 2020: 21,629,953,194.066 USD, 2021: 25,770,339,317.39 USD, 2022: 28,696,453,180.166 USD, 2023: 31,452,223,861.909 USD, 2024: 33,462,807,982.85 USD
Demographics
404,610
Population
+2.86%annual growth
Labor Market
3.11%
Unemployment Rate
-0.41ppannual change
Verified: Nov 2025
Economics
+5.86%
Inflation Rate
-2.88ppannual change
Frequently Asked Questions
- What is Iceland's GDP?
- Iceland's GDP is approximately $33.5 billion (2024, representing 0.0% of world GDP), making it the #112 largest economy out of 214 countries. Data sourced from the World Bank.
- What is Iceland's population?
- Iceland has a population of approximately 404,610 — the #175 most populous country in the world. Population data is collected annually by the World Bank from national statistical agencies.
- What is Iceland's GDP per capita?
- Iceland's GDP per capita is approximately $82,704, ranking #14 globally. This metric reflects average economic output per person and is a key indicator of living standards.
- How fast is Iceland's economy growing?
- Iceland's economy is currently growing at approximately 0.5% per year, ranking #166 globally by GDP growth rate. Data sourced from the World Bank.
- What region is Iceland in?
- Iceland is located in the Europe & Central Asia region and is classified as a high income economy by the World Bank. This classification is based on gross national income (GNI) per capita.