Iceland Live GDP
$32,470,531,944
GDP Added Today
$70,531,944
Iceland GDP (2026)
LiveIceland has a high-income Nordic economy driven by renewable energy, fisheries, tourism, technology, and specialized manufacturing. Abundant geothermal and hydropower resources have supported sustainable industrial development and energy-intensive industries. This page examines Iceland GDP data, historical trends, and economic prospects for 2026.
GDP Growth Rate (2026)
1.90%
vs 2025
โฒ +0.60%
GDP Per Capita (2026)
$110,048
vs 2025
โฒ +$10,977
Global Rank (Nominal)
#107
of 218 countries
World Share
0.03%
of 2026 World GDP
Years Covered
1980โ2026
47 years
Iceland GDP Growth (1980โ2026)
Annual real GDP growth rate (%)
Historical Highlights
1980โ2026 GDP performance summary
Highest GDP
$43.80B
Lowest GDP
$2.88B
Average Growth
2.72%
1980โ2026
Best Growth
8.90%
Weakest Growth
-8.30%
Share of World GDP (2026)
Iceland
0.03%
United States
25.58%
China
16.47%
Germany
4.31%
Japan
3.46%
Rest of World
50.15%
Key Findings
โ
Iceland's GDP in 2026 is $43.80B.
โ
It ranks #107 among 218 countries.
โ
Iceland contributes 0.03% to the world economy.
โ
GDP per capita is $110,048 in 2026.
โ
The economy recorded GDP growth of 1.90% in 2026.
Historical Data
Iceland GDP Historical Data (1980โ2026)
| 2026 | $43,800,000,000 | 1.90% | $110,048 | 0.03% | #106 |
| 2025 | $38,583,000,000 | 1.30% | $99,071 | 0.03% | #107 |
| 2024 | $33,187,000,000 | -1.30% | $86,485 | 0.03% | #108 |
| 2023 | $31,702,000,000 | 5.00% | $84,490 | 0.03% | #109 |
| 2022 | $29,176,000,000 | 8.90% | $79,953 | 0.03% | #109 |
| 2021 | $26,235,000,000 | 5.20% | $73,221 | 0.03% | #110 |
| 2020 | $22,035,000,000 | -6.60% | $62,237 | 0.03% | #112 |
| 2019 | $24,986,000,000 | 1.10% | $71,496 | 0.03% | #109 |
| 2018 | $26,678,000,000 | 4.70% | $77,963 | 0.03% | #107 |
| 2017 | $25,060,000,000 | 3.50% | $75,367 | 0.03% | #108 |
| 2016 | $21,084,000,000 | 6.20% | $64,667 | 0.03% | #110 |
| 2015 | $17,700,000,000 | 3.80% | $54,796 | 0.02% | #115 |
| 2014 | $18,052,000,000 | 1.90% | $56,463 | 0.02% | #120 |
| 2013 | $16,244,000,000 | 3.60% | $51,437 | 0.02% | #125 |
| 2012 | $14,944,000,000 | 1.20% | $47,716 | 0.02% | #126 |
| 2011 | $15,394,000,000 | 1.40% | $49,365 | 0.02% | #126 |
| 2010 | $13,923,000,000 | -2.20% | $43,833 | 0.02% | #120 |
| 2009 | $13,213,000,000 | -8.30% | $41,371 | 0.02% | #115 |
| 2008 | $18,248,000,000 | 1.70% | $57,846 | 0.03% | #109 |
| 2007 | $21,960,000,000 | 8.70% | $71,375 | 0.04% | #96 |
| 2006 | $17,672,000,000 | 5.70% | $58,927 | 0.03% | #98 |
| 2005 | $17,146,000,000 | 7.00% | $58,405 | 0.04% | #92 |
| 2004 | $13,964,000,000 | 7.60% | $48,057 | 0.03% | #94 |
| 2003 | $11,565,000,000 | 2.30% | $40,090 | 0.03% | #96 |
| 2002 | $9,416,000,000 | 0.50% | $32,858 | 0.03% | #99 |
| 2001 | $8,323,000,000 | 3.80% | $29,374 | 0.02% | #102 |
| 2000 | $9,140,000,000 | 4.90% | $32,755 | 0.03% | #101 |
| 1999 | $9,108,000,000 | 3.90% | $33,033 | 0.03% | #99 |
| 1998 | $8,638,000,000 | 7.00% | $31,712 | 0.03% | #99 |
| 1997 | $7,717,000,000 | 4.10% | $28,594 | 0.02% | #102 |
| 1996 | $7,687,000,000 | 4.50% | $28,686 | 0.02% | #100 |
| 1995 | $7,373,000,000 | 0.10% | $27,615 | 0.02% | #94 |
| 1994 | $6,611,000,000 | 3.60% | $24,942 | 0.02% | #94 |
| 1993 | $6,439,000,000 | 1.30% | $24,540 | 0.02% | #93 |
| 1992 | $7,343,000,000 | -3.40% | $28,273 | 0.03% | #85 |
| 1991 | $7,174,000,000 | -0.20% | $28,040 | 0.03% | #79 |
| 1990 | $6,709,000,000 | 1.20% | $26,434 | 0.03% | #80 |
| 1989 | $5,881,000,000 | 0.30% | $23,343 | 0.03% | #81 |
| 1988 | $6,345,000,000 | -0.10% | $25,631 | 0.03% | #81 |
| 1987 | $5,733,000,000 | 8.50% | $23,480 | 0.03% | #82 |
| 1986 | $4,132,000,000 | 6.30% | $17,062 | 0.03% | #94 |
| 1985 | $3,096,000,000 | 3.30% | $12,867 | 0.02% | #101 |
| 1984 | $2,971,000,000 | 4.10% | $12,462 | 0.02% | #100 |
| 1983 | $2,876,000,000 | -2.20% | $12,210 | 0.02% | #103 |
| 1982 | $3,347,000,000 | 2.20% | $14,416 | 0.03% | #94 |
| 1981 | $3,642,000,000 | 4.30% | $15,882 | 0.03% | #92 |
| 1980 | $3,528,000,000 | 5.70% | $15,545 | 0.03% | #96 |
Iceland GDP Projections (IMF)
i| Year | GDP Nominal (Current USD) | GDP Growth Rate (%) | GDP Per Capita (USD) | World Share (%) | Global Rank |
|---|---|---|---|---|---|
| 2027 | $45,968,000,000 | 2.10% | $113,119 | 0.04% | #103 |
| 2028 | $48,085,000,000 | 2.40% | $115,893 | 0.04% | #103 |
| 2029 | $50,330,000,000 | 2.40% | $118,926 | 0.04% | #103 |
| 2030 | $52,695,000,000 | 2.40% | $122,074 | 0.04% | #103 |
| 2031 | $55,162,000,000 | 2.40% | $125,283 | 0.04% | #103 |
Iceland Economy Overview
Iceland has a high-income economy built around renewable energy, fisheries, tourism, advanced manufacturing, and knowledge-based services. Nearly all electricity comes from geothermal and hydropower resources, providing low-cost clean energy for aluminum smelting, data centers, and other energy-intensive industries.
Fishing and seafood processing remain major export sectors, while tourism has become one of Iceland's largest sources of foreign income. Information technology, biotechnology, finance, creative industries, and professional services continue to expand. Strong institutions, sustainable energy resources, and high living standards support Iceland's resilient economic structure.
Iceland GDP Outlook
Icelandโs prospects are supported by renewable energy, tourism, fisheries, technology, and specialized export industries. Geothermal and hydropower resources could attract further investment in data centers, green fuels, food technology, and low-carbon manufacturing. Tourism and seafood exports are likely to remain central to external earnings. The economy remains vulnerable to exchange-rate movements, volcanic activity, housing constraints, labor shortages, changing fish stocks, high interest costs, and fluctuations in international travel demand.