Inflation measured by the GDP deflator in Iceland

The GDP deflator for Iceland changed by 6.9% in 2025.

Measure: Inflation measured by the GDP deflator Unit: Annual % change Data: 1961 to 2025 Source: World Bank
Iceland, 2025 6.9% Annual % change
Change from 2024 +0.8percentage points 2024: 6.1%
World, 2025 3.3% Official aggregate
Median of OECD (38 countries), 2025 3.1% Middle value of 38 countries
Position in 2025 35th of 186 See the full ranking

Inflation measured by the GDP deflator in Iceland over time

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Iceland World ×

Annual % change. Source: World Bank, World Development Indicators. Gaps mean no published value; points are not joined across missing years.

Inflation measured by the GDP deflator (annual % change), 2001 to 2025
Period IcelandWorld
2025 6.9% 3.3%
2024 6.1% 4.1%
2023 5.5% 5.0%
2022 8.8% 7.3%
2021 6.1% 4.6%
2020 4.3% 2.0%
2019 4.8% 2.4%
2018 3.1% 2.8%
2017 1.6% 3.0%
2016 2.7% 2.0%
2015 6.8% 2.3%
2014 4.2% 2.0%
2013 2.5% 2.3%
2012 3.5% 3.6%
2011 3.5% 5.5%
2010 6.6% 4.2%
2009 11.0% 2.0%
2008 12.2% 7.9%
2007 4.3% 6.0%
2006 8.7% 5.9%
2005 2.9% 5.8%
2004 2.7% 5.6%
2003 0.5% 4.0%
2002 5.9% 3.6%
2001 8.7% 3.9%

A dash means no value was published for that period.

In short

  • That is a change of +0.8 percentage points from 6.1% in 2024.
  • Since 2015, when it was 6.8%, the figure has changed by +0.1 percentage points.
  • Among the 186 countries with data for 2025, Iceland has the 35th highest value.
  • The figure for the world in 2025 was 3.3%.

Source and dates

Original producer
World Bank and OECD national accounts data, from national statistical offices
Distributed by
World Bank, World Development Indicators
Dataset or series code
NY.GDP.DEFL.KD.ZG · dataset details · view at source
Observation period
1961 to 2025 for Iceland
Provider update
8 October 2026
Retrieved
9 November 2026
Published here
9 November 2026
Licence
CC BY 4.0 (per series metadata)
Attribution
Source: World Bank, World Development Indicators, original data: World Bank and OECD national accounts data, from national statistical offices