GDP growth, year on year in Iceland
Real GDP in Iceland was 0.3% higher than a year earlier in Q2 2026.
Iceland, Q2 2026
0.3%
Change from Q1 2026
−3.4percentage points
European Union, Q2 2026
1.4%
Median of OECD (38 countries), Q2 2026
1.8%
Position in Q2 2026
34th of 36
GDP growth, year on year 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 the same quarter a year earlier. Source: Eurostat. Gaps mean no published value; points are not joined across missing years.
| Period | Iceland | European Union |
|---|---|---|
| Q3 2026 | – | 1.5% |
| Q2 2026 | 0.3% | 1.4% |
| Q1 2026 | 3.7% | 0.9% |
| Q4 2025 | 2.3% | 1.3% |
| Q3 2025 | 1.0% | 1.4% |
| Q2 2025 | -0.3% | 1.5% |
| Q1 2025 | 1.4% | 1.7% |
| Q4 2024 | -1.7% | 1.8% |
| Q3 2024 | 1.1% | 1.4% |
| Q2 2024 | -1.7% | 1.2% |
| Q1 2024 | -1.2% | 1.1% |
| Q4 2023 | -0.4% | 0.4% |
| Q3 2023 | 3.3% | 0.2% |
| Q2 2023 | 8.8% | 0.4% |
| Q1 2023 | 9.5% | 1.1% |
| Q4 2022 | 9.2% | 1.9% |
| Q3 2022 | 7.5% | 3.0% |
| Q2 2022 | 9.1% | 4.3% |
| Q1 2022 | 9.6% | 5.6% |
| Q4 2021 | 6.1% | 5.8% |
| Q3 2021 | 8.0% | 5.4% |
| Q2 2021 | 9.2% | 14.7% |
| Q1 2021 | -2.2% | 0.3% |
| Q4 2020 | -5.1% | -3.5% |
| Q3 2020 | -5.4% | -3.9% |
| Q2 2020 | -10.9% | -13.0% |
| Q1 2020 | -5.2% | -2.1% |
| Q4 2019 | 1.8% | 1.5% |
| Q3 2019 | -1.0% | 2.1% |
| Q2 2019 | 1.3% | 2.0% |
| Q1 2019 | 2.5% | 2.2% |
| Q4 2018 | 2.6% | 1.6% |
| Q3 2018 | 4.4% | 1.8% |
| Q2 2018 | 4.6% | 2.3% |
| Q1 2018 | 7.1% | 2.6% |
| Q4 2017 | 2.1% | 3.2% |
| Q3 2017 | 1.7% | 3.2% |
| Q2 2017 | 3.6% | 3.0% |
| Q1 2017 | 6.9% | 2.5% |
A dash means no value was published for that period.
In short
- That is a change of −3.4 percentage points from 3.7% in Q1 2026.
- Since Q4 2023, when it was -0.4%, the figure has changed by +0.7 percentage points.
- Among the 36 countries with data for Q2 2026, Iceland has the 34th highest value.
- The figure for the European Union in Q2 2026 was 1.4%.
More for Iceland
All statistics for Iceland
Quarterly GDP growth (seasonally adjusted)
-3.0%
Q2 2026 · Eurostat
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