Iceland IS: GDP: Linked Series

1990 - 2023 | Yearly | ISK mn | World Bank

Iceland IS: GDP: Linked Series data was reported at 4,278,994.879 ISK mn in 2023. This records an increase from the previous number of 3,882,780.804 ISK mn for 2022. Iceland IS: GDP: Linked Series data is updated yearly, averaging 1,306,333.651 ISK mn from Dec 1990 (Median) to 2023, with 34 observations. The data reached an all-time high of 4,278,994.879 ISK mn in 2023 and a record low of 377,022.536 ISK mn in 1990. Iceland IS: GDP: Linked Series data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank.WDI: Gross Domestic Product: Nominal. GDP is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. This series has been linked to produce a consistent time series to counteract breaks in series over time due to changes in base years, source data and methodologies. Thus, it may not be comparable with other national accounts series in the database for historical years. Data are in current local currency.;World Bank staff estimates based on World Bank national accounts data archives, OECD National Accounts, and the IMF WEO database.;;

View Iceland's Iceland IS: GDP: Linked Series from 1990 to 2023 in the chart:

Iceland Iceland IS: GDP: Linked Series

What was Iceland's Iceland IS: GDP: Linked Series in 2023?

Last Previous Min Max Unit Frequency Range
4,278,994.879 2023 3,882,780.804 2022 377,022.536 1990 4,278,994.879 2023 ISK mn yearly 1990 - 2023

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Iceland Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 89,119.494 2030 yearly 1980 - 2030
Forecast: Nominal GDP Per Capita (USD) 134,167.519 2030 yearly 1980 - 2030
Forecast: Real GDP Growth (%) 2.397 2030 yearly 1980 - 2030
GDP Deflator Growth (%) 7.1 Sep 2025 quarterly Mar 1996 - Sep 2025
GDP per Capita (USD) 86,472.856 2024 yearly 1960 - 2024
Gross Fixed Capital Formation (USD mn) 2,610.127 Sep 2025 quarterly Mar 1995 - Sep 2025
Gross National Product (GNP) (USD mn) 33,101.572 2024 yearly 1960 - 2024
Gross Savings Rate (%) 29.1 Sep 2025 quarterly Mar 1995 - Sep 2025
Investment: % of GDP (%) 26.3 Sep 2025 quarterly Mar 1995 - Sep 2025
Nominal GDP (USD mn) 10,118.7 Sep 2025 quarterly Mar 1995 - Sep 2025
Nominal GDP Growth (%) 7.308 Sep 2025 quarterly Mar 1996 - Sep 2025
Private Consumption Expenditure (USD mn) 5,067.583 Sep 2025 quarterly Mar 1995 - Sep 2025
Private Consumption: % of GDP (%) 45.9 Sep 2025 quarterly Mar 1995 - Sep 2025
Public Consumption Expenditure (USD mn) 2,668.956 Sep 2025 quarterly Mar 1995 - Sep 2025
Public Consumption: % of GDP (%) 25.0 Sep 2025 quarterly Mar 1995 - Sep 2025
Real GDP Growth (%) 0.2 Sep 2025 quarterly Mar 1996 - Sep 2025
Total Trade of Goods & Services: % of Nominal GDP (%) 83.000 Sep 2025 quarterly Mar 1995 - Sep 2025
Production Last Frequency Range
Industrial Production Index Growth (%) 11.7 2018 yearly 2008 - 2018
Minerals Production (Metric Ton) 757,904.000 2023 yearly 2009 - 2023
Construction and Properties Last Frequency Range
House Prices Growth (%) 3.2 Nov 2025 monthly Mar 2001 - Nov 2025
Nominal Residential Property Price Index (2010=100) 368.076 Sep 2025 quarterly Mar 2000 - Sep 2025
Nominal Residential Property Price Index Growth (%) 2.827 Sep 2025 quarterly Mar 2000 - Sep 2025
Real Residential Property Price Index (2010=100) 204.141 Jun 2025 quarterly Mar 2000 - Jun 2025
Real Residential Property Price Index Growth (%) 1.740 Jun 2025 quarterly Mar 2000 - Jun 2025
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -1.2 Sep 2025 quarterly Mar 2002 - Sep 2025
Forecast: Government Expenditure (ISK bn) 2,773.605 2030 yearly 1980 - 2030
Forecast: Government Net Debt (ISK bn) 2,445.114 2030 yearly 1982 - 2030
Forecast: Government Revenue (ISK bn) 2,770.902 2030 yearly 1980 - 2030
Government Debt: % of GDP (%) 60.3 2024 yearly 1998 - 2024
National Government Debt (USD mn) 20,025.7 2024 yearly 1998 - 2024
Tax Revenue (USD mn) 3,494.168 Sep 2025 quarterly Mar 2002 - Sep 2025
Consolidated Fiscal Balance (USD mn) -121.031 Sep 2025 quarterly Mar 2002 - Sep 2025
Tax Revenue: % of GDP (%) 33.2 Sep 2025 quarterly Mar 2002 - Sep 2025
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 223,400.000 Dec 2025 monthly Jan 2003 - Dec 2025
Forecast: Employment (Person mn) 0.224 2024 yearly 1980 - 2024
Forecast: Population (Person mn) 0.433 2030 yearly 1980 - 2030
Forecast: Unemployment Rate (%) 4.000 2030 yearly 1980 - 2030
Labour Force Participation Rate (%) 79.8 Dec 2024 monthly Jan 2003 - Dec 2024
Labour Productivity Growth (%) -0.13 Jun 2025 quarterly Mar 2004 - Jun 2025
Monthly Earnings (USD) 7,307 2024 yearly 1998 - 2024
Population (Person mn) 0.4 2024 yearly 1732 - 2024
Unemployment Rate (%) 3.35 Dec 2024 monthly Jan 2003 - Dec 2024

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