Real GDP growth in Iceland
Real GDP in Iceland changed by 1.1% in 2025 compared with the previous year.
Iceland, 2025
1.1%
Change from 2024
+2.0percentage points
European Union, 2025
1.4%
Median of OECD (38 countries), 2025
1.4%
Position in 2025
27th of 36
Real GDP growth in Iceland over time
View
Iceland
European Union
×
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 year, chain-linked volumes. Source: Eurostat. Gaps mean no published value; points are not joined across missing years.
| Period | Iceland | European Union |
|---|---|---|
| 2025 | 1.1% | 1.4% |
| 2024 | -0.9% | 1.4% |
| 2023 | 5.2% | 0.4% |
| 2022 | 8.9% | 3.6% |
| 2021 | 5.2% | 6.4% |
| 2020 | -6.6% | -5.5% |
| 2019 | 1.1% | 1.9% |
| 2018 | 4.7% | 2.1% |
| 2017 | 3.5% | 2.9% |
| 2016 | 6.2% | 2.0% |
| 2015 | 3.8% | 2.4% |
| 2014 | 1.9% | 1.6% |
| 2013 | 3.6% | 0.0% |
| 2012 | 1.2% | -0.8% |
| 2011 | 1.4% | 1.9% |
| 2010 | -2.2% | 2.1% |
| 2009 | -8.3% | -4.3% |
| 2008 | 1.7% | 0.6% |
| 2007 | 8.7% | 3.1% |
| 2006 | 5.7% | 3.5% |
| 2005 | 7.0% | 1.9% |
| 2004 | 7.6% | 2.5% |
| 2003 | 2.3% | 0.9% |
| 2002 | 0.5% | 1.0% |
| 2001 | 3.8% | 2.1% |
A dash means no value was published for that period.
In short
- That is a change of +2.0 percentage points from -0.9% in 2024.
- Since 2015, when it was 3.8%, the figure has changed by −2.7 percentage points.
- Among the 36 countries with data for 2025, Iceland has the 27th highest value.
- The figure for the European Union in 2025 was 1.4%.
More for Iceland
All statistics for Iceland
Real GDP growth
1.3%
2025 · World Bank
Quarterly GDP growth (seasonally adjusted)
-3.0%
Q2 2026 · Eurostat
GDP in euro
34,157 million €
2025 · Eurostat
GDP per capita in euro
€87,160p (Provisional) per person
2025 · Eurostat
GDP per capita in PPS
132 (EU = 100)
2024 · Eurostat
Labour productivity growth
2.7%p (Provisional)
2025 · Eurostat