Economy · Europe & Central Asia · High income
Iceland: the economy in numbers
GDP is $38.6bn (2025), 107th of 211 in the world and 39th of 57 in Europe & Central Asia. GDP per capita is $98,323 (2025), 9th of 211 in the world and 6th of 57 in Europe & Central Asia. GDP per capita, PPP is $83,431 (2025), 14th of 199 in the world and 6th of 53 in Europe & Central Asia.
GDP
Iceland
GDP per capita
IcelandEurope & Central AsiaHigh incomeWorld
13 indicators
Economy: Iceland in detail
Latest reported value, world rank and rank within Europe & Central Asia; values around 2000, 2010, 2020; group and world columns are World Bank aggregates.
| Indicator | Latest | World rank | In region | ~2000 | ~2010 | ~2020 | 10-year change | Region | Income group | World | Since 2000 |
|---|---|---|---|---|---|---|---|---|---|---|---|
| GDPGDP, current US$ | $38.6bn2025 | 107/211 | 39/57 | $9.1bn | $13.9bn | $22.0bn | +118%since 2015 | $32.3tn | $76.9tn | $118tn | |
| GDP per capitaGDP per capita, current US$ | $98,3232025 | 9/211 | 6/57 | $32,504 | $43,776 | $60,128 | +84%since 2015 | $34,603 | $53,997 | $14,406 | |
| GDP per capita, PPPGDP per capita, PPP (current international $) | $83,4312025 | 14/199 | 6/53 | $30,167 | $40,260 | $56,841 | +68%since 2015 | $54,129 | $69,953 | $25,704 | |
| GNI per capitaGNI per capita, Atlas method, US$ | $89,2202025 | 5/201 | 4/53 | $32,170 | $38,480 | $66,730 | +68%since 2015 | $32,822 | $52,957 | $14,244 | |
| GDP growthGDP growth, annual % | 1.3%2025 | 166/210 | 38/56 | 4.9% | -2.2% | -6.6% | −2.5 ppsince 2015 | 1.7% | 1.9% | 2.9% | |
| GDP per capita growthGDP per capita growth, annual % | -0.2%2025 | 182/210 | 52/56 | 3.5% | -2.1% | -8.1% | −2.9 ppsince 2015 | 1.3% | 1.5% | 2.0% | |
| Agriculture shareAgriculture, forestry and fishing, % of GDP | 3.7%2025 | 118/198 | 20/56 | 6.9% | 6.3% | 4.8% | −1.7 ppsince 2015 | 2.0% | 1.3% | 4.0% | |
| Industry shareIndustry incl. construction, % of GDP | 20.1%2025 | 126/201 | 35/57 | 22.6% | 21.9% | 20.0% | +0.1 ppsince 2015 | 22.7% | 21.3% | 25.0% | |
| Manufacturing shareManufacturing, value added, % of GDP | 8.5%2025 | 117/194 | 40/54 | 11.4% | 12.9% | 8.8% | −2.2 ppsince 2015 | 13.5% | 12.0% | 14.9% | |
| Services shareServices, % of GDP | 66.2%2025 | 50/201 | 16/57 | 57.3% | 62.0% | 65.4% | +1.7 ppsince 2015 | 65.5% | 69.1% | 63.3% | |
| InvestmentGross capital formation, % of GDP | 26.6%2025 | 54/175 | 15/51 | 24.6% | 13.8% | 21.0% | +7.4 ppsince 2015 | 22.9% | 22.6% | 26.3% | |
| SavingsGross savings, % of GDP | 22.6%2025 | 82/163 | 29/49 | 14.6% | 8.0% | 22.9% | −2.9 ppsince 2015 | 24.6% | 23.2% | 26.0% | |
| Resource rentsNatural resources rents, % of GDP | 0.0%2021 | 186/209 | 50/56 | 0.0% | 0.0% | 0.0% | ±0.0 ppsince 2011 | 2.2% | 2.5% | 3.1% |
Source: World Bank, World Development Indicators (CC BY 4.0)“·” — no value reported within two years of that date. World rank counts countries with a recent value.
Better than ten years ago
- GDP+118%$38.6bn in 2025
- GDP per capita+84%$98,323 in 2025
- GDP per capita, PPP+68%$83,431 in 2025
- GNI per capita+68%$89,220 in 2025
Worse than ten years ago
- GDP growth−2.5 pp1.3% in 2025
- GDP per capita growth−2.9 pp-0.2% in 2025
Only indicators where higher or lower is clearly better are rated (for example, unemployment down is better, life expectancy up is better).
neighbours
Iceland and its neighbours
Countries sharing a land border with Iceland. Latest values since 2005; the highest in each row is marked.
| Indicator | Iceland | Greenland | Faroe Islands |
|---|---|---|---|
| GDP | $38.6bn2025 | $3.3bn2023 | $4.1bn2024 |
| GDP per capita | $98,3232025 | $58,4992023 | $74,1752024 |
| GDP per capita, PPP | $83,4312025 | $78,9062023 | $82,0892024 |
| GNI per capita | $89,2202025 | $34,8002007 | $73,1202024 |
| GDP growth | 1.3%2025 | 0.9%2023 | 0.8%2024 |
| GDP per capita growth | -0.2%2025 | 0.5%2023 | 0.4%2024 |
| Agriculture share | 3.7%2025 | 16.6%2023 | 16.1%2024 |
| Industry share | 20.1%2025 | 18.4%2023 | 18.3%2024 |
| Manufacturing share | 8.5%2025 | 2.7%2023 | 9.5%2024 |