Iceland GDP Per Capita (2026)
Iceland has a highly developed economy supported by tourism, fisheries, renewable energy, financial services, technology, aluminum production, and professional services. GDP per capita provides a particularly useful measure because substantial economic activity is generated within a very small population. Explore Iceland’s latest GDP per capita data, historical trends, growth patterns, and economic comparisons below.
GDP Per Capita 2026
$110,048
Est. in USD
World Rank
#6
Out of 195 countries
Change vs 2025
+11.1%
+$10,977
Europe Rank
#6
Out of 43 countries
1. Iceland GDP Per Capita in 2026
Iceland’s GDP per capita reflects a high level of economic production per resident, supported by productive services, fisheries, renewable energy, tourism, and advanced infrastructure. Adjusting total GDP for the country’s small population makes the indicator especially useful for international comparisons. It provides a population-adjusted view of economic performance and helps show how Iceland’s resource and service sectors translate into output per person.
2. Iceland GDP Per Capita Growth (1980–2026)
3. Iceland GDP Per Capita (Historical Data)
| Year | GDP Per Capita (USD) | Annual Change |
|---|---|---|
| 2026 | $110,048 | +11.1% |
| 2025 | $99,071 | +14.6% |
| 2024 | $86,485 | +2.4% |
| 2023 | $84,490 | +5.7% |
| 2022 | $79,953 | +9.2% |
| 2021 | $73,221 | +17.6% |
| 2020 | $62,237 | -13.0% |
| 2019 | $71,496 | -8.3% |
| 2018 | $77,963 | +3.4% |
| 2017 | $75,367 | +16.5% |
| 2016 | $64,667 | +18.0% |
| 2015 | $54,796 | -3.0% |
| 2014 | $56,463 | +9.8% |
| 2013 | $51,437 | +7.8% |
| 2012 | $47,716 | -3.3% |
| 2011 | $49,365 | +12.6% |
| 2010 | $43,833 | +6.0% |
| 2009 | $41,371 | -28.5% |
| 2008 | $57,846 | -19.0% |
| 2007 | $71,375 | +21.1% |
| 2006 | $58,927 | +0.9% |
| 2005 | $58,405 | +21.5% |
| 2004 | $48,057 | +19.9% |
| 2003 | $40,090 | +22.0% |
| 2002 | $32,858 | +11.9% |
| 2001 | $29,374 | -10.3% |
| 2000 | $32,755 | -0.8% |
| 1999 | $33,033 | +4.2% |
| 1998 | $31,712 | +10.9% |
| 1997 | $28,594 | -0.3% |
| 1996 | $28,686 | +3.9% |
| 1995 | $27,615 | +10.7% |
| 1994 | $24,942 | +1.6% |
| 1993 | $24,540 | -13.2% |
| 1992 | $28,273 | +0.8% |
| 1991 | $28,040 | +6.1% |
| 1990 | $26,434 | +13.2% |
| 1989 | $23,343 | -8.9% |
| 1988 | $25,631 | +9.2% |
| 1987 | $23,480 | +37.6% |
| 1986 | $17,062 | +32.6% |
| 1985 | $12,867 | +3.2% |
| 1984 | $12,462 | +2.1% |
| 1983 | $12,210 | -15.3% |
| 1982 | $14,416 | -9.2% |
| 1981 | $15,882 | +2.2% |
| 1980 | $15,545 | — |
4. Iceland GDP Per Capita Growth
1-Year Change
+11.1%
(2025 to 2026)
5-Year Change
+50.3%
(2021 to 2026)
10-Year Change
+70.2%
(2016 to 2026)
20-Year Change
+86.8%
(2006 to 2026)
Iceland’s GDP per capita can be influenced by tourism demand, fisheries, energy-intensive industries, inflation, exchange rates, investment, and population changes. Because the economy is relatively small and open, external shocks can have a noticeable effect on annual performance. Historical data provides useful context for understanding how output per resident has moved through expansion, financial adjustment, recovery, and renewed growth.
5. Iceland GDP Per Capita vs Europe and World
Iceland
$110,048
Europe Average
$59,767
World Average
$25,179
$0
$55,024
$110,048
USD
Iceland’s GDP per capita is approximately
84.1%
above the
Europe average
and
337.1%
above the world average.
6. Iceland GDP Per Capita Ranking in Europe
| Rank | Country | GDP Per Capita (USD) |
|---|---|---|
| #3 | Luxembourg | $158,733 |
| #4 | Ireland | $140,186 |
| #5 | Switzerland | $126,177 |
| #6 | Iceland | $110,048 |
| #7 | Norway | $105,877 |
| #8 | Denmark | $83,445 |
| #9 | Netherlands | $79,918 |
7. GDP vs GDP Per Capita in Iceland
Iceland GDP (Nominal)
$43.8 Billion
(2026)
Iceland GDP Per Capita
$110,048
(2026)
Iceland’s total GDP measures the overall scale of economic activity produced nationwide, while GDP per capita adjusts that output for population. Because Iceland has a very small population, the per-capita measure can differ substantially from its total GDP position. Considering both indicators together provides a fuller view of economic scale, productivity, and production per resident.
Explore more:
Iceland GDP
8. Iceland GDP Per Capita Forecast
| Year | GDP Per Capita (USD) | Change |
|---|---|---|
| 2027 | $113,119 | +2.8% |
| 2028 | $115,893 | +2.5% |
| 2029 | $118,926 | +2.6% |
| 2030 | $122,074 | +2.6% |
Iceland GDP per capita is projected to reach $122,074 by 2030, representing a 10.9% increase from the 2026 level.
9. Iceland GDP Per Capita: Key Findings
Iceland GDP per capita is estimated at $110,048 in 2026.
It ranks #6 globally and #6 in Europe.
GDP per capita increased by 11.1% compared with 2025.
Over the last 5 years, GDP per capita grew by 50.3%.
Over the last 10 years, GDP per capita grew by 70.2%.
It is approximately 84.1% above the Europe average.
It is approximately 337.1% above the world average.
The forecast reaches $122,074 by 2030, 10.9% above the 2026 level.
10. What Is GDP Per Capita?
GDP per capita is the total economic output of a country divided by its population.
GDP Per Capita
=
GDP
÷
Population
It helps measure the average economic output per person and is widely used to compare economic performance across countries. Higher values generally indicate greater economic output per resident.
11. Methodology and Data Sources
Primary Source:
International Monetary Fund (IMF)
Additional Sources:
World Bank,
United Nations
Population Source:
UN Population Division
Currency:
Current USD (Nominal)
Update Frequency:
Annually
Last Updated:
September 2026
12. Iceland GDP Per Capita FAQs
Iceland GDP per capita is estimated at $110,048 in 2026.
Iceland ranks #6 globally and #6 in Europe by GDP per capita.
Yes. GDP per capita increased by approximately 11.1% compared with 2025.
Iceland GDP per capita was approximately $54,796 in 2015.
Iceland GDP per capita is approximately 84.1% above the Europe average.
14. Explore GDP Per Capita
Disclaimer:
All data are estimates based on IMF, World Bank,
United Nations and related economic datasets.
Figures may differ from official national statistics.