Iceland IS: GDP: Real: Gross Value Added at Basic Prices

1995 - 2024 | Yearly | ISK mn | World Bank

Iceland IS: GDP: Real: Gross Value Added at Basic Prices data was reported at 3,207,887.958 ISK mn in 2024. This records a decrease from the previous number of 3,239,380.477 ISK mn for 2023. Iceland IS: GDP: Real: Gross Value Added at Basic Prices data is updated yearly, averaging 2,254,982.895 ISK mn from Dec 1995 (Median) to 2024, with 30 observations. The data reached an all-time high of 3,239,380.477 ISK mn in 2023 and a record low of 1,348,109.780 ISK mn in 1995. Iceland IS: GDP: Real: Gross Value Added at Basic Prices 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: Real. Gross value added at basic prices reflects the price of products receivable by the producer exclusive of taxes payable on products and inclusive of subsidies receivable on products, less intermediate consumption valued at purchasers' prices. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment varies by country. This series is expressed in local currency units.;Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB);;

View Iceland's Iceland IS: GDP: Real: Gross Value Added at Basic Prices from 1995 to 2024 in the chart:

Iceland Iceland IS: GDP: Real: Gross Value Added at Basic Prices

What was Iceland's Iceland IS: GDP: Real: Gross Value Added at Basic Prices in 2024?

Last Previous Min Max Unit Frequency Range
3,207,887.958 2024 3,239,380.477 2023 1,348,109.780 1995 3,239,380.477 2023 ISK mn yearly 1995 - 2024

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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) 366.706 Jun 2025 quarterly Mar 2000 - Jun 2025
Nominal Residential Property Price Index Growth (%) 5.845 Jun 2025 quarterly Mar 2000 - Jun 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) 233,400.000 Oct 2025 monthly Jan 2003 - Oct 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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