Iceland Nominal GDP
1995 - 2020 | Quarterly | USD mn | CEIC Data
Iceland Nominal GDP reached 5.3 USD bn in Sep 2020, compared with 4.9 USD bn in the previous quarter. Nominal GDP in Iceland is updated quarterly, available from Mar 1995 to Sep 2020, with an average number of 3.8 USD bn. The data reached an all-time high of 6.9 USD bn in Mar 2018 and a record low of 1.7 USD bn in Mar 1995. CEIC converts quarterly Nominal GDP into USD. Statistics Iceland provides Nominal GDP in local currency. The Central Bank of Iceland average market exchange rate is used for currency conversions.
In the latest reports, Iceland GDP contracted 10.7 % YoY in Jun 2020. Its GDP deflator (implicit price deflator) increased 5.9 % in Jun 2020. Iceland GDP Per Capita reached 67,161.4 USD in Dec 2019. Its Gross Savings Rate was measured at 20.9 % in Sep 2020.
View Iceland's Nominal GDP from Mar 1995 to Sep 2020 in the chart:
What was Iceland's Nominal GDP in Sep 2020?
| Last | Previous | Min | Max | Unit | Frequency | Range |
|---|---|---|---|---|---|---|
| 5,271.9 Sep 2020 | 4,911.8 Jun 2020 | 1,692.5 Mar 1995 | 6,854.6 Mar 2018 | USD mn | quarterly | Mar 1995 - Sep 2020 |
Nominal GDP by Country Comparison
Buy Selected Data
Includes Nominal GDP on 114 economies standardised by CEIC. Instant access to full history data in excel.
| country/region | Last | Frequency | Range |
|---|---|---|---|
| Albania (USD mn) | 3,216.2 Jun 2020 | quarterly | Mar 2008 - Jun 2020 |
| Algeria (USD mn) | 40,083.4 Mar 2020 | quarterly | Mar 1999 - Mar 2020 |
| Argentina (USD mn) | 87,180.6 Jun 2020 | quarterly | Mar 2004 - Jun 2020 |
| Armenia (USD mn) | 3,593.3 Sep 2020 | quarterly | Dec 1994 - Sep 2020 |
| Australia (USD mn) | 307,619.3 Jun 2020 | quarterly | Sep 1959 - Jun 2020 |
| Austria (USD mn) | 112,574.1 Sep 2020 | quarterly | Mar 1988 - Sep 2020 |
| Azerbaijan (USD mn) | 10,668.2 Mar 2020 | quarterly | Mar 2001 - Mar 2020 |
| Bahrain (USD mn) | 7,943.7 Jun 2020 | quarterly | Mar 2007 - Jun 2020 |
| Bangladesh (USD mn) | 329,803.7 2020 | yearly | 1960 - 2020 |
| Belarus (USD mn) | 13,789.2 Jun 2020 | quarterly | Mar 1994 - Jun 2020 |
Accurate Macro & Micro Economic Data You Can Trust
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
Learn more about what we doIceland Key Series
Buy Selected Data
Includes 378 key indicators for Iceland, curated by CEIC analysts. Instant access to full history data in excel.
| Government and Public Finance | Last | Frequency | Range |
|---|---|---|---|
| Consolidated Fiscal Balance: % of GDP (%) | -2.8 Jun 2020 | quarterly | Mar 2004 - Jun 2020 |
| Consolidated Fiscal Balance (USD mn) | -554.344 Jun 2020 | quarterly | Mar 2004 - Jun 2020 |
| Tax Revenue (USD mn) | 1,692.859 Sep 2020 | quarterly | Mar 2004 - Sep 2020 |
| Tax Revenue: % of GDP (%) | 31.2 Jun 2020 | quarterly | Mar 2004 - Jun 2020 |
| National Government Debt (USD mn) | 17,203.9 2019 | yearly | 1998 - 2019 |
| Government Debt: % of GDP (%) | 69.0 2019 | yearly | 1998 - 2019 |
| Forecast: Government Expenditure (ISK bn) | 1,566.977 2025 | yearly | 1980 - 2025 |
| Forecast: Government Net Debt (ISK bn) | 1,911.483 2025 | yearly | 1982 - 2025 |
| Forecast: Government Revenue (ISK bn) | 1,382.117 2025 | yearly | 1980 - 2025 |
| General Govt Revenue: Social Contributions (ISK bn) | 25.950 Dec 2018 | quarterly | Mar 2004 - Dec 2018 |
| General Govt Revenue: Others (ISK bn) | 41.817 Sep 2020 | quarterly | Mar 2004 - Sep 2020 |
| General Govt Expenditure (ISK bn) | 318.717 Dec 2018 | quarterly | Mar 2004 - Dec 2018 |
| General Govt Expenditure: Compensation of Employees (ISK bn) | 117.586 Sep 2020 | quarterly | Mar 2004 - Sep 2020 |
| General Govt Expenditure: Use of Goods and Services (ISK bn) | 86.651 Sep 2020 | quarterly | Mar 2004 - Sep 2020 |
| General Govt Revenue (ISK bn) | 318.632 Dec 2018 | quarterly | Mar 2004 - Dec 2018 |
| General Govt Revenue: Tax (ISK bn) | 232.839 Sep 2020 | quarterly | Mar 2004 - Sep 2020 |
Check out our pricing options.
Explore the most complete set of 6.6 million time series covering more than 200 economies, 20 industries and 18 macroeconomic sectors.
View pricing optionsCEIC Flex
from $39
Entry level access to the CEIC platform for individual users. Download limits apply. Payable monthly by credit card.
CEIC Unlimited
Request a Demo
Full and unlimited access to CEIC data for multiple users. Suitable for enterprise usage. Available via annual subscription to one or more of CEIC’s global and premium databases.
CEIC Express
Instant download of the data related to the indicator on this page including full history in Excel format. Purchase by credit card. View a sample
National Accounts
ESA 1995: GDP: by Expenditure: Chain Linked 2000 Price
ESA 1995: GDP: Gross Fixed Capital Formation: Chain Linked 2000 Price
ESA 2010: GDP: by Expenditure: Chain Linked 2005 Price
ESA 2010: GDP: by Expenditure: Chain Linked 2005 Price: Seasonally Adjusted
ESA 2010: GDP: by Expenditure: Current Price: Annual
ESA 2010: GDP: by Industry: by Icelandic Version of NACE Rev2 (ISAT2008)
ESA 2010: GDP Deflator
ESA 2010: GDP: Gross Fixed Capital Formation: Current Price
ESA 2010: GDP: Household Final Consumption Expenditure: Chain Linked 2005 Price
ESA 2010: GDP per Capita
ESA 2010: Main Aggregates: Chain Linked 2005 Price
Funds by Sector: ESA 2010: Financial Corporations: Captive Financial Institutions: Flow
Funds by Sector: ESA 2010: Financial Corporations: Central Bank: Flow
Funds by Sector: ESA 2010: Financial Corporations: Financial Auxiliaries: Flow
Funds by Sector: ESA 2010: Financial Corporations: Financial Institutions in Winding Up Proceedings: Flow
Funds by Sector: ESA 2010: Financial Corporations: Flow
Funds by Sector: ESA 2010: Financial Corporations: Insurance Corporations: Stock
Funds by Sector: ESA 2010: Financial Corporations: Non Money Market Funds: Flow
Funds by Sector: ESA 2010: Financial Corporations: Other Deposit Taking Corporations: Flow
Funds by Sector: ESA 2010: Financial Corporations: Other Financial Intermediaries: Flow
Funds by Sector: ESA 2010: Financial Corporations: Pension Funds: Flow
Funds by Sector: ESA 2010: Financial Corporations: Stock
Funds by Sector: ESA 2010: General Government: Stock
Funds by Sector: ESA 2010: Households and Non Profit Institutions Serving Households: Stock
Funds by Sector: ESA 2010: Non Financial Corporations: Stock
Funds by Sector: ESA 2010: Rest of the World: Stock
Funds by Sector: ESA 2010: Total Economy and Rest of the World: Stock
Funds by Sector: ESA 2010: Total Economy: Stock
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
Contribution to GDP
ESA 1995: GDP: by Expenditure: Chain Linked 2000 Price: Seasonally Adjusted
ESA 1995: GDP: Household Final Consumption Expenditure: Chain Linked 2000 Price
ESA 2010: GDP: by Expenditure: Chain Linked 2005 Price: Annual
ESA 2010: GDP: by Expenditure: Current Price
ESA 2010: GDP: by Expenditure: Current Price: Seasonally Adjusted
ESA 2010: GDP: by Industry: by Icelandic Version of NACE Revision 2 (ISAT2008)
ESA 2010: GDP: Gross Fixed Capital Formation: Chain Linked 2005 Price
ESA 2010: GDP: Gross Output: by Icelandic Version of NACE Revision 2 (ISAT2008)
ESA 2010: GDP: Household Final Consumption Expenditure: Current Price
ESA 2010: GDP: Savings and Net Lending
ESA 2010: Main Aggregates: Current Price
Funds by Sector: ESA 2010: Financial Corporations: Captive Financial Institutions: Stock
Funds by Sector: ESA 2010: Financial Corporations: Central Bank: Stock
Funds by Sector: ESA 2010: Financial Corporations: Financial Auxiliaries: Stock
Funds by Sector: ESA 2010: Financial Corporations: Financial Institutions in Winding Up Proceedings: Stock
Funds by Sector: ESA 2010: Financial Corporations: Insurance Corporations: Flow
Funds by Sector: ESA 2010: Financial Corporations: Money Market Funds: Stock
Funds by Sector: ESA 2010: Financial Corporations: Non Money Market Funds: Stock
Funds by Sector: ESA 2010: Financial Corporations: Other Deposit Taking Corporations: Stock
Funds by Sector: ESA 2010: Financial Corporations: Other Financial Intermediaries: Stock
Funds by Sector: ESA 2010: Financial Corporations: Pension Funds: Stock
Funds by Sector: ESA 2010: General Government: Flow
Funds by Sector: ESA 2010: Households and Non Profit Institutions Serving Households: Flow
Funds by Sector: ESA 2010: Non Financial Corporations: Flow
Funds by Sector: ESA 2010: Rest of the World: Flow
Funds by Sector: ESA 2010: Total Economy and Rest of the World: Flow
Funds by Sector: ESA 2010: Total Economy: Flow
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Quarterly
Gross Domestic Product: Nominal
Gross Domestic Product: Real