Quarterly GDP growth (seasonally adjusted) in Iceland
Real GDP in Iceland changed by -3.0% in Q2 2026 compared with the previous quarter. The value for Q2 2026 is the lowest since Q3 2023.
Iceland, Q2 2026
-3.0%
Change from Q1 2026
−6.7percentage points
European Union, Q2 2026
0.7%
Median of OECD (38 countries), Q2 2026
0.6%
Position in Q2 2026
36th of 36
Quarterly GDP growth (seasonally adjusted) in Iceland over time
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Iceland
European Union
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The chart loads when you scroll to it. The table below shows the same data.
The chart shows a calculation from the published values. The table below keeps the published values.
% change on previous quarter. Source: Eurostat. Gaps mean no published value; points are not joined across missing years.
| Period | Iceland | European Union |
|---|---|---|
| Q3 2026 | – | 0.5% |
| Q2 2026 | -3.0% | 0.7% |
| Q1 2026 | 3.7% | 0.1% |
| Q4 2025 | -0.9% | 0.3% |
| Q3 2025 | 0.7% | 0.4% |
| Q2 2025 | 0.3% | 0.1% |
| Q1 2025 | 2.3% | 0.4% |
| Q4 2024 | -2.2% | 0.4% |
| Q3 2024 | -0.7% | 0.5% |
| Q2 2024 | 2.0% | 0.3% |
| Q1 2024 | -0.9% | 0.6% |
| Q4 2023 | 0.6% | 0.0% |
| Q3 2023 | -3.4% | 0.3% |
| Q2 2023 | 2.5% | 0.1% |
| Q1 2023 | 0.0% | 0.0% |
| Q4 2022 | 4.4% | -0.2% |
| Q3 2022 | 1.7% | 0.5% |
| Q2 2022 | 3.2% | 0.8% |
| Q1 2022 | -0.3% | 0.7% |
| Q4 2021 | 2.7% | 0.9% |
| Q3 2021 | 3.2% | 1.8% |
| Q2 2021 | 3.6% | 2.1% |
| Q1 2021 | -3.5% | 1.0% |
| Q4 2020 | 4.6% | 0.4% |
| Q3 2020 | 4.4% | 10.8% |
| Q2 2020 | -7.1% | -10.8% |
| Q1 2020 | -6.4% | -2.8% |
| Q4 2019 | 4.2% | 0.0% |
| Q3 2019 | -1.7% | 0.3% |
| Q2 2019 | -1.2% | 0.4% |
| Q1 2019 | 0.6% | 0.8% |
| Q4 2018 | 1.4% | 0.6% |
| Q3 2018 | 0.5% | 0.3% |
| Q2 2018 | 0.0% | 0.6% |
| Q1 2018 | 0.7% | 0.2% |
| Q4 2017 | 3.1% | 0.8% |
| Q3 2017 | 0.7% | 0.8% |
| Q2 2017 | 2.4% | 0.8% |
| Q1 2017 | -4.0% | 0.8% |
A dash means no value was published for that period.
In short
- That is a change of −6.7 percentage points from 3.7% in Q1 2026.
- Since Q4 2023, when it was 0.6%, the figure has changed by −3.6 percentage points.
- Among the 36 countries with data for Q2 2026, Iceland has the 36th highest value.
- The figure for the European Union in Q2 2026 was 0.7%.
More for Iceland
All statistics for Iceland
Real GDP growth
1.1%
2025 · Eurostat
GDP per capita in euro
€87,160p (Provisional) per person
2025 · Eurostat
GDP per capita in PPS
132 (EU = 100)
2024 · Eurostat
GDP in euro
34,157 million €
2025 · Eurostat
Labour productivity growth
2.7%p (Provisional)
2025 · Eurostat
GDP growth, year on year
0.3%
Q2 2026 · Eurostat