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Unit ( Billions of US dollars )
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According to the latest statistics released by the World Bank in 2024, Iceland's GDP in 2021 was $25.46 billion, ranking 105th in the world and 35th among European countries. In 2020, Iceland's GDP was $21.72 billion, ranking 110th in the world and 35th in European countries. In 2019, Iceland's GDP was $24.86 billion, ranking 109th in the world and 35th in European countries. In 2018, Iceland's GDP was $26.27 billion, ranking 106th in the world and 34th in European countries. The GDP growth rates of Iceland in 2021, 2020, 2019 and 2018 were 17.23%, -12.63%, -5.36% and 6.22% respectively.
| Year | GDP | Share of World GDP |
|---|---|---|
| 2021 | $25.46 billion | 0.0265% |
| 2020 | $21.72 billion | 0.0256% |
| 2019 | $24.86 billion | 0.0284% |
| 2018 | $26.27 billion | 0.0304% |
| 2017 | $24.73 billion | 0.0304% |
| 2016 | $20.79 billion | 0.0272% |
| 2015 | $17.52 billion | 0.0233% |
| 2014 | $17.87 billion | 0.0224% |
| 2013 | $16.13 billion | 0.0208% |
| 2012 | $14.75 billion | 0.0195% |
| 2011 | $15.22 billion | 0.0206% |
| 2010 | $13.75 billion | 0.0206% |
| 2009 | $13.15 billion | 0.0216% |
| 2008 | $18.08 billion | 0.0282% |
| 2007 | $21.65 billion | 0.0371% |
| 2006 | $17.47 billion | 0.0337% |
| 2005 | $16.85 billion | 0.0353% |
| 2004 | $13.83 billion | 0.0313% |
| 2003 | $11.43 billion | 0.0292% |
| 2002 | $9.32 billion | 0.0267% |
| 2001 | $8.24 billion | 0.0245% |
| 2000 | $9.03 billion | 0.0267% |
| 1999 | $8.98 billion | 0.0274% |
| 1998 | $8.5 billion | 0.027% |
| 1997 | $7.57 billion | 0.0239% |
| 1996 | $7.43 billion | 0.0234% |
| 1995 | $7.12 billion | 0.0229% |
| 1994 | $6.39 billion | 0.0229% |
| 1993 | $6.22 billion | 0.0241% |
| 1992 | $7.08 billion | 0.0279% |
| 1991 | $6.91 billion | 0.0291% |
| 1990 | $6.47 billion | 0.0284% |
| 1989 | $5.67 billion | 0.0281% |
| 1988 | $6.11 billion | 0.0316% |
| 1987 | $5.52 billion | 0.0319% |
| 1986 | $3.99 billion | 0.0262% |
| 1985 | $2.98 billion | 0.0232% |
| 1984 | $2.86 billion | 0.0233% |
| 1983 | $2.77 billion | 0.0234% |
| 1982 | $3.21 billion | 0.0276% |
| 1981 | $3.49 billion | 0.0298% |
| 1980 | $3.38 billion | 0.0298% |
| 1979 | $2.85 billion | 0.0284% |
| 1978 | $2.51 billion | 0.029% |
| 1977 | $2.21 billion | 0.0301% |
| 1976 | $1.67 billion | 0.0257% |
| 1975 | $1.41 billion | 0.0235% |
| 1974 | $1.52 billion | 0.0282% |
| 1973 | $1.15 billion | 0.0248% |
| 1972 | $0.84 billion | 0.022% |
| 1971 | $0.67 billion | 0.0202% |
| 1970 | $0.53 billion | 0.0176% |
| 1969 | $0.42 billion | 0.0151% |
| 1968 | $0.47 billion | 0.0191% |
| 1967 | $0.62 billion | 0.027% |
| 1966 | $0.63 billion | 0.0291% |
| 1965 | $0.52 billion | 0.0263% |
| 1964 | $0.43 billion | 0.0237% |
| 1963 | $0.34 billion | 0.0203% |
| 1962 | $0.29 billion | 0.0184% |
| 1961 | $0.25 billion | 0.0175% |
| 1960 | $0.25 billion | 0.0178% |