Tesseron World ObservatoryThe World Quantified
Country contents
ISL · UN M49 352Iceland

Source-specific country analysis

Iceland Economic Overview

UNSD Analysis of Main Aggregates (UNSD AMA)

ReleaseJanuary 28, 2026Observations1970–20243 analysis periods1970–1990 · 1990–2010 · 2010–2024Currency basesNational · U.S. dollars
View source and methodology

Three fixed historical periods

Read the economy through three eras

Every chart uses the same labeled periods. There is no page-wide selection to remember as you move between topics.

Formation1970–1990
Integration1990–2010
Current era2010–2024

01 · Economic overview

What should a reader know first?

Latest values orient the reader; the three-era analysis below shows how the economic record developed.

Nominal GDP$33.22B2024 · Latest current-price total · World rank 110 of 210
Real GDP growth-1.2%2024 · Latest constant-price annual change · Constant-price annual change
GDP per capita$84,4502024 · Current U.S. dollars; not PPP adjusted · Current U.S. dollars; not PPP adjusted
Share of world GDP0.0%2024 · Share of the official world total · Official world aggregate denominator
Largest broad activity50.0%2024 · Largest broad production activity · Other activities
Manufacturing10.0%2024 · Share of total gross value added · World gap −5.7 pp
Economic overview annual rank and index table55 annual rows

Annual core economic measures, world ranks and comparable world indices. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Economic overview annual rank and index table
Iceland1970$545.12M104 of 178 · highest-to-lowest41.8 / 1000.0 (world = 100)Source observation unavailableNot calculable without a source observationNot calculable without a source observationComparable world observation unavailable$2,66625 of 178 · highest-to-lowest86.4 / 100287.2 (world = 100)0.0%104 of 178 · highest-to-lowest41.8 / 100-100.0 pp vs world
Iceland1971$693.68M102 of 178 · highest-to-lowest42.9 / 1000.0 (world = 100)13.1%12 of 178 · highest-to-lowest93.8 / 100+8.9 pp vs world$3,36522 of 178 · highest-to-lowest88.1 / 100336.0 (world = 100)0.0%102 of 178 · highest-to-lowest42.9 / 100-100.0 pp vs world
Iceland1972$869.00M99 of 178 · highest-to-lowest44.6 / 1000.0 (world = 100)6.2%70 of 178 · highest-to-lowest61.0 / 100+0.8 pp vs world$4,15420 of 178 · highest-to-lowest89.3 / 100367.6 (world = 100)0.0%99 of 178 · highest-to-lowest44.6 / 100-100.0 pp vs world
Iceland1973$1.19B94 of 178 · highest-to-lowest47.5 / 1000.0 (world = 100)6.8%69 of 178 · highest-to-lowest61.6 / 100+0.4 pp vs world$5,62516 of 178 · highest-to-lowest91.5 / 100417.2 (world = 100)0.0%94 of 178 · highest-to-lowest47.5 / 100-100.0 pp vs world
Iceland1974$1.57B95 of 178 · highest-to-lowest46.9 / 1000.0 (world = 100)5.7%73 of 178 · highest-to-lowest59.3 / 100+3.6 pp vs world$7,28515 of 178 · highest-to-lowest92.1 / 100485.9 (world = 100)0.0%95 of 178 · highest-to-lowest46.9 / 100-100.0 pp vs world
Iceland1975$1.46B99 of 178 · highest-to-lowest44.6 / 1000.0 (world = 100)0.6%114 of 178 · highest-to-lowest36.2 / 100-0.2 pp vs world$6,67922 of 178 · highest-to-lowest88.1 / 100405.8 (world = 100)0.0%99 of 178 · highest-to-lowest44.6 / 100-100.0 pp vs world
Iceland1976$1.73B98 of 178 · highest-to-lowest45.2 / 1000.0 (world = 100)6.0%77 of 178 · highest-to-lowest57.1 / 100+0.8 pp vs world$7,84720 of 178 · highest-to-lowest89.3 / 100449.1 (world = 100)0.0%98 of 178 · highest-to-lowest45.2 / 100-100.0 pp vs world
Iceland1977$2.29B96 of 178 · highest-to-lowest46.3 / 1000.0 (world = 100)8.8%36 of 178 · highest-to-lowest80.2 / 100+4.7 pp vs world$10,30413 of 178 · highest-to-lowest93.2 / 100533.0 (world = 100)0.0%96 of 178 · highest-to-lowest46.3 / 100-100.0 pp vs world
Iceland1978$2.60B97 of 178 · highest-to-lowest45.8 / 1000.0 (world = 100)6.0%79 of 178 · highest-to-lowest55.9 / 100+1.6 pp vs world$11,62813 of 178 · highest-to-lowest93.2 / 100516.6 (world = 100)0.0%97 of 178 · highest-to-lowest45.8 / 100-100.0 pp vs world
Iceland1979$2.95B98 of 178 · highest-to-lowest45.2 / 1000.0 (world = 100)4.9%77 of 178 · highest-to-lowest57.1 / 100+0.8 pp vs world$13,08114 of 178 · highest-to-lowest92.7 / 100513.9 (world = 100)0.0%98 of 178 · highest-to-lowest45.2 / 100-100.0 pp vs world
Iceland1980$3.50B95 of 178 · highest-to-lowest46.9 / 1000.0 (world = 100)5.7%55 of 178 · highest-to-lowest69.5 / 100+3.8 pp vs world$15,33915 of 178 · highest-to-lowest92.1 / 100549.7 (world = 100)0.0%95 of 178 · highest-to-lowest46.9 / 100-100.0 pp vs world
Iceland1981$3.62B92 of 178 · highest-to-lowest48.6 / 1000.0 (world = 100)4.3%69 of 178 · highest-to-lowest61.6 / 100+2.3 pp vs world$15,66710 of 178 · highest-to-lowest94.9 / 100559.3 (world = 100)0.0%92 of 178 · highest-to-lowest48.6 / 100-100.0 pp vs world
Iceland1982$3.32B97 of 178 · highest-to-lowest45.8 / 1000.0 (world = 100)2.2%81 of 178 · highest-to-lowest54.8 / 100+1.7 pp vs world$14,19212 of 178 · highest-to-lowest93.8 / 100520.0 (world = 100)0.0%97 of 178 · highest-to-lowest45.8 / 100-100.0 pp vs world
Iceland1983$2.86B100 of 178 · highest-to-lowest44.1 / 1000.0 (world = 100)-2.2%138 of 178 · highest-to-lowest22.6 / 100-5.0 pp vs world$12,08017 of 178 · highest-to-lowest91.0 / 100439.6 (world = 100)0.0%100 of 178 · highest-to-lowest44.1 / 100-100.0 pp vs world
Iceland1984$2.96B98 of 178 · highest-to-lowest45.2 / 1000.0 (world = 100)4.1%89 of 178 · highest-to-lowest50.3 / 100-0.6 pp vs world$12,37816 of 178 · highest-to-lowest91.5 / 100445.8 (world = 100)0.0%98 of 178 · highest-to-lowest45.2 / 100-100.0 pp vs world
Iceland1985$3.09B97 of 178 · highest-to-lowest45.8 / 1000.0 (world = 100)3.3%93 of 178 · highest-to-lowest48.0 / 100-0.2 pp vs world$12,79315 of 178 · highest-to-lowest92.1 / 100456.9 (world = 100)0.0%97 of 178 · highest-to-lowest45.8 / 100-100.0 pp vs world
Iceland1986$4.13B89 of 178 · highest-to-lowest50.3 / 1000.0 (world = 100)6.3%41 of 178 · highest-to-lowest77.4 / 100+3.1 pp vs world$16,97914 of 178 · highest-to-lowest92.7 / 100535.5 (world = 100)0.0%89 of 178 · highest-to-lowest50.3 / 100-100.0 pp vs world
Iceland1987$5.71B81 of 178 · highest-to-lowest54.8 / 1000.0 (world = 100)8.5%29 of 178 · highest-to-lowest84.2 / 100+4.9 pp vs world$23,2388 of 178 · highest-to-lowest96.0 / 100659.8 (world = 100)0.0%81 of 178 · highest-to-lowest54.8 / 100-100.0 pp vs world
Iceland1988$6.32B78 of 178 · highest-to-lowest56.5 / 1000.0 (world = 100)-0.1%154 of 178 · highest-to-lowest13.6 / 100-4.6 pp vs world$25,3088 of 178 · highest-to-lowest96.0 / 100654.1 (world = 100)0.0%78 of 178 · highest-to-lowest56.5 / 100-100.0 pp vs world
Iceland1989$5.87B82 of 179 · highest-to-lowest54.5 / 1000.0 (world = 100)0.3%147 of 178 · highest-to-lowest17.5 / 100-3.5 pp vs world$23,21913 of 179 · highest-to-lowest93.3 / 100584.3 (world = 100)0.0%82 of 179 · highest-to-lowest54.5 / 100-100.0 pp vs world
Iceland1990$6.69B94 of 206 · highest-to-lowest54.6 / 1000.0 (world = 100)1.2%121 of 179 · highest-to-lowest32.6 / 100-1.9 pp vs world$26,27213 of 206 · highest-to-lowest94.1 / 100605.5 (world = 100)0.0%94 of 206 · highest-to-lowest54.6 / 100-100.0 pp vs world
Iceland1991$7.15B93 of 206 · highest-to-lowest55.1 / 1000.0 (world = 100)-0.2%142 of 206 · highest-to-lowest31.2 / 100-1.5 pp vs world$27,73811 of 206 · highest-to-lowest95.1 / 100619.2 (world = 100)0.0%93 of 206 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland1992$7.33B95 of 206 · highest-to-lowest54.1 / 1000.0 (world = 100)-3.4%162 of 206 · highest-to-lowest21.5 / 100-5.4 pp vs world$28,06912 of 206 · highest-to-lowest94.6 / 100594.9 (world = 100)0.0%95 of 206 · highest-to-lowest54.1 / 100-100.0 pp vs world
Iceland1993$6.44B99 of 206 · highest-to-lowest52.2 / 1000.0 (world = 100)1.3%120 of 206 · highest-to-lowest42.0 / 100-0.4 pp vs world$24,40114 of 206 · highest-to-lowest93.7 / 100515.3 (world = 100)0.0%99 of 206 · highest-to-lowest52.2 / 100-100.0 pp vs world
Iceland1994$6.61B96 of 206 · highest-to-lowest53.7 / 1000.0 (world = 100)3.6%102 of 206 · highest-to-lowest50.7 / 100+0.3 pp vs world$24,85516 of 206 · highest-to-lowest92.7 / 100499.4 (world = 100)0.0%96 of 206 · highest-to-lowest53.7 / 100-100.0 pp vs world
Iceland1995$7.37B93 of 206 · highest-to-lowest55.1 / 1000.0 (world = 100)0.1%174 of 206 · highest-to-lowest15.6 / 100-3.0 pp vs world$27,56017 of 206 · highest-to-lowest92.2 / 100506.7 (world = 100)0.0%93 of 206 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland1996$7.69B98 of 206 · highest-to-lowest52.7 / 1000.0 (world = 100)4.5%98 of 206 · highest-to-lowest52.7 / 100+0.9 pp vs world$28,57917 of 206 · highest-to-lowest92.2 / 100521.8 (world = 100)0.0%98 of 206 · highest-to-lowest52.7 / 100-100.0 pp vs world
Iceland1997$7.72B101 of 206 · highest-to-lowest51.2 / 1000.0 (world = 100)4.1%117 of 206 · highest-to-lowest43.4 / 100+0.3 pp vs world$28,45614 of 206 · highest-to-lowest93.7 / 100529.3 (world = 100)0.0%101 of 206 · highest-to-lowest51.2 / 100-100.0 pp vs world
Iceland1998$8.64B96 of 206 · highest-to-lowest53.7 / 1000.0 (world = 100)7.0%41 of 206 · highest-to-lowest80.5 / 100+4.2 pp vs world$31,51213 of 206 · highest-to-lowest94.1 / 100597.9 (world = 100)0.0%96 of 206 · highest-to-lowest53.7 / 100-100.0 pp vs world
Iceland1999$9.11B93 of 206 · highest-to-lowest55.1 / 1000.0 (world = 100)3.9%90 of 206 · highest-to-lowest56.6 / 100+0.3 pp vs world$32,82613 of 206 · highest-to-lowest94.1 / 100607.5 (world = 100)0.0%93 of 206 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland2000$9.14B94 of 206 · highest-to-lowest54.6 / 1000.0 (world = 100)4.9%80 of 206 · highest-to-lowest61.5 / 100+0.4 pp vs world$32,49512 of 206 · highest-to-lowest94.6 / 100591.9 (world = 100)0.0%94 of 206 · highest-to-lowest54.6 / 100-100.0 pp vs world
Iceland2001$8.32B100 of 206 · highest-to-lowest51.7 / 1000.0 (world = 100)3.8%83 of 206 · highest-to-lowest60.0 / 100+1.8 pp vs world$29,19913 of 206 · highest-to-lowest94.1 / 100542.0 (world = 100)0.0%100 of 206 · highest-to-lowest51.7 / 100-100.0 pp vs world
Iceland2002$9.42B98 of 206 · highest-to-lowest52.7 / 1000.0 (world = 100)0.5%167 of 206 · highest-to-lowest19.0 / 100-1.7 pp vs world$32,74013 of 206 · highest-to-lowest94.1 / 100592.0 (world = 100)0.0%98 of 206 · highest-to-lowest52.7 / 100-100.0 pp vs world
Iceland2003$11.56B93 of 206 · highest-to-lowest55.1 / 1000.0 (world = 100)2.3%147 of 206 · highest-to-lowest28.8 / 100-0.7 pp vs world$39,93311 of 206 · highest-to-lowest95.1 / 100652.0 (world = 100)0.0%93 of 206 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland2004$13.96B91 of 206 · highest-to-lowest56.1 / 1000.0 (world = 100)7.6%44 of 206 · highest-to-lowest79.0 / 100+3.2 pp vs world$47,79410 of 206 · highest-to-lowest95.6 / 100702.1 (world = 100)0.0%91 of 206 · highest-to-lowest56.1 / 100-100.0 pp vs world
Iceland2005$17.15B88 of 208 · highest-to-lowest58.0 / 1000.0 (world = 100)7.0%58 of 206 · highest-to-lowest72.2 / 100+3.0 pp vs world$57,7648 of 208 · highest-to-lowest96.6 / 100792.8 (world = 100)0.0%88 of 208 · highest-to-lowest58.0 / 100-100.0 pp vs world
Iceland2006$17.67B94 of 208 · highest-to-lowest55.1 / 1000.0 (world = 100)5.7%95 of 208 · highest-to-lowest54.6 / 100+1.2 pp vs world$58,15510 of 208 · highest-to-lowest95.7 / 100745.8 (world = 100)0.0%94 of 208 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland2007$21.96B94 of 208 · highest-to-lowest55.1 / 1000.0 (world = 100)8.7%43 of 208 · highest-to-lowest79.7 / 100+4.4 pp vs world$70,4648 of 208 · highest-to-lowest96.6 / 100811.4 (world = 100)0.0%94 of 208 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland2008$18.25B106 of 210 · highest-to-lowest49.8 / 1000.0 (world = 100)1.7%150 of 208 · highest-to-lowest28.0 / 100-0.3 pp vs world$57,47113 of 210 · highest-to-lowest94.3 / 100610.4 (world = 100)0.0%106 of 210 · highest-to-lowest49.8 / 100-100.0 pp vs world
Iceland2009$13.21B113 of 210 · highest-to-lowest46.4 / 1000.0 (world = 100)-8.3%196 of 210 · highest-to-lowest6.7 / 100-6.9 pp vs world$41,46922 of 210 · highest-to-lowest90.0 / 100470.1 (world = 100)0.0%113 of 210 · highest-to-lowest46.4 / 100-100.0 pp vs world
Iceland2010$13.92B118 of 210 · highest-to-lowest44.0 / 1000.0 (world = 100)-2.2%194 of 210 · highest-to-lowest7.7 / 100-6.7 pp vs world$43,76025 of 210 · highest-to-lowest88.5 / 100458.7 (world = 100)0.0%118 of 210 · highest-to-lowest44.0 / 100-100.0 pp vs world
Iceland2011$15.39B123 of 210 · highest-to-lowest41.6 / 1000.0 (world = 100)1.4%160 of 210 · highest-to-lowest23.9 / 100-1.9 pp vs world$48,23624 of 210 · highest-to-lowest89.0 / 100460.2 (world = 100)0.0%123 of 210 · highest-to-lowest41.6 / 100-100.0 pp vs world
Iceland2012$14.94B125 of 210 · highest-to-lowest40.7 / 1000.0 (world = 100)1.2%144 of 210 · highest-to-lowest31.6 / 100-1.6 pp vs world$46,57725 of 210 · highest-to-lowest88.5 / 100440.6 (world = 100)0.0%125 of 210 · highest-to-lowest40.7 / 100-100.0 pp vs world
Iceland2013$16.24B124 of 210 · highest-to-lowest41.1 / 1000.0 (world = 100)3.6%100 of 210 · highest-to-lowest52.6 / 100+0.8 pp vs world$50,15521 of 210 · highest-to-lowest90.4 / 100466.5 (world = 100)0.0%124 of 210 · highest-to-lowest41.1 / 100-100.0 pp vs world
Iceland2014$18.05B118 of 210 · highest-to-lowest44.0 / 1000.0 (world = 100)1.9%146 of 210 · highest-to-lowest30.6 / 100-1.2 pp vs world$55,11915 of 210 · highest-to-lowest93.3 / 100505.7 (world = 100)0.0%118 of 210 · highest-to-lowest44.0 / 100-100.0 pp vs world
Iceland2015$17.70B116 of 210 · highest-to-lowest45.0 / 1000.0 (world = 100)3.8%90 of 210 · highest-to-lowest57.4 / 100+0.6 pp vs world$53,48413 of 210 · highest-to-lowest94.3 / 100525.1 (world = 100)0.0%116 of 210 · highest-to-lowest45.0 / 100-100.0 pp vs world
Iceland2016$21.08B108 of 210 · highest-to-lowest48.8 / 1000.0 (world = 100)6.2%34 of 210 · highest-to-lowest84.2 / 100+3.5 pp vs world$62,82910 of 210 · highest-to-lowest95.7 / 100614.0 (world = 100)0.0%108 of 210 · highest-to-lowest48.8 / 100-100.0 pp vs world
Iceland2017$25.06B106 of 210 · highest-to-lowest49.8 / 1000.0 (world = 100)3.5%100 of 210 · highest-to-lowest52.6 / 100+0.1 pp vs world$72,9499 of 210 · highest-to-lowest96.2 / 100677.6 (world = 100)0.0%106 of 210 · highest-to-lowest49.8 / 100-100.0 pp vs world
Iceland2018$26.68B105 of 210 · highest-to-lowest50.2 / 1000.0 (world = 100)4.7%64 of 210 · highest-to-lowest69.9 / 100+1.4 pp vs world$75,60510 of 210 · highest-to-lowest95.7 / 100668.7 (world = 100)0.0%105 of 210 · highest-to-lowest50.2 / 100-100.0 pp vs world
Iceland2019$24.99B108 of 210 · highest-to-lowest48.8 / 1000.0 (world = 100)1.1%162 of 210 · highest-to-lowest23.0 / 100-1.5 pp vs world$69,27010 of 210 · highest-to-lowest95.7 / 100610.4 (world = 100)0.0%108 of 210 · highest-to-lowest48.8 / 100-100.0 pp vs world
Iceland2020$22.03B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)-6.6%142 of 210 · highest-to-lowest32.5 / 100-3.7 pp vs world$60,10312 of 210 · highest-to-lowest94.7 / 100548.4 (world = 100)0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland2021$26.23B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)5.2%107 of 210 · highest-to-lowest49.3 / 100-1.2 pp vs world$70,40210 of 210 · highest-to-lowest95.7 / 100567.1 (world = 100)0.0%110 of 210 · highest-to-lowest47.8 / 100-100.0 pp vs world
Iceland2022$29.17B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)8.8%28 of 210 · highest-to-lowest87.1 / 100+5.5 pp vs world$76,68111 of 210 · highest-to-lowest95.2 / 100598.8 (world = 100)0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland2023$31.71B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)5.1%47 of 210 · highest-to-lowest78.0 / 100+2.2 pp vs world$81,82610 of 210 · highest-to-lowest95.7 / 100617.3 (world = 100)0.0%110 of 210 · highest-to-lowest47.8 / 100-100.0 pp vs world
Iceland2024$33.22B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)-1.2%195 of 210 · highest-to-lowest7.2 / 100-4.0 pp vs world$84,45011 of 210 · highest-to-lowest95.2 / 100617.6 (world = 100)0.0%110 of 210 · highest-to-lowest47.8 / 100-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

The long view

Real output, indexed to a shared starting year

Indexing allows the country and benchmark trajectories to be compared without confusing their very different economic sizes.

Real GDP trajectory. All series equal 100 in the shared starting year.1970–19901990–20102010–2024589.5467.1344.7222.41001970198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

IcelandEuropeNorthern EuropeWorldConstant prices · U.S. dollars · index, shared start = 100
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Real GDP trajectory

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02 · Economic size and world position

How large is the economy, and where does it sit globally?

Nominal scale, real volume and share of world output provide three distinct views of economic size.

Full historical record

Nominal GDP

Nominal scale, real volume and share of world output provide three distinct views of economic size.

Iceland is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Nominal GDP across the full available AMA record, divided into three labeled analytical periods.1970–19901990–20102010–2024111.6T83.7T55.8T27.9T545.1M1970198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

IcelandNorthern EuropeEuropeWorldCurrent prices · U.S. dollars
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Nominal GDP and UN benchmarks

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Formation1970–1990

$545.12M → $6.69B

Compound annual change: +13.4% CAGR
Integration1990–2010

$6.69B → $13.92B

Compound annual change: +3.7% CAGR
Current era2010–2024

$13.92B → $33.22B

Compound annual change: +6.4% CAGR
Nominal GDP$33.22B2024 · Published series · World rank 110 of 210 · highest-to-lowest
Real GDP$26.18B2024 · Published series · World rank 110 of 210 · highest-to-lowest
Share of world GDP0.0%2024 · Derived measure · World rank 110 of 210 · highest-to-lowest
Economic size and world position: annual rates, ranks and comparison indices55 annual rows

Annual non-duplicative measures used in the economic size and world position section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Economic size and world position: annual rates, ranks and comparison indices
Iceland1970$545.12M104 of 178 · highest-to-lowest41.8 / 1000.0 (world = 100)$4.50B94 of 178 · highest-to-lowest47.5 / 1000.0 (world = 100)0.0%104 of 178 · highest-to-lowest41.8 / 100-100.0 pp vs world
Iceland1971$693.68M102 of 178 · highest-to-lowest42.9 / 1000.0 (world = 100)$5.08B90 of 178 · highest-to-lowest49.7 / 1000.0 (world = 100)0.0%102 of 178 · highest-to-lowest42.9 / 100-100.0 pp vs world
Iceland1972$869.00M99 of 178 · highest-to-lowest44.6 / 1000.0 (world = 100)$5.40B91 of 178 · highest-to-lowest49.2 / 1000.0 (world = 100)0.0%99 of 178 · highest-to-lowest44.6 / 100-100.0 pp vs world
Iceland1973$1.19B94 of 178 · highest-to-lowest47.5 / 1000.0 (world = 100)$5.76B90 of 178 · highest-to-lowest49.7 / 1000.0 (world = 100)0.0%94 of 178 · highest-to-lowest47.5 / 100-100.0 pp vs world
Iceland1974$1.57B95 of 178 · highest-to-lowest46.9 / 1000.0 (world = 100)$6.09B90 of 178 · highest-to-lowest49.7 / 1000.0 (world = 100)0.0%95 of 178 · highest-to-lowest46.9 / 100-100.0 pp vs world
Iceland1975$1.46B99 of 178 · highest-to-lowest44.6 / 1000.0 (world = 100)$6.13B90 of 178 · highest-to-lowest49.7 / 1000.0 (world = 100)0.0%99 of 178 · highest-to-lowest44.6 / 100-100.0 pp vs world
Iceland1976$1.73B98 of 178 · highest-to-lowest45.2 / 1000.0 (world = 100)$6.50B89 of 178 · highest-to-lowest50.3 / 1000.0 (world = 100)0.0%98 of 178 · highest-to-lowest45.2 / 100-100.0 pp vs world
Iceland1977$2.29B96 of 178 · highest-to-lowest46.3 / 1000.0 (world = 100)$7.07B89 of 178 · highest-to-lowest50.3 / 1000.0 (world = 100)0.0%96 of 178 · highest-to-lowest46.3 / 100-100.0 pp vs world
Iceland1978$2.60B97 of 178 · highest-to-lowest45.8 / 1000.0 (world = 100)$7.50B90 of 178 · highest-to-lowest49.7 / 1000.0 (world = 100)0.0%97 of 178 · highest-to-lowest45.8 / 100-100.0 pp vs world
Iceland1979$2.95B98 of 178 · highest-to-lowest45.2 / 1000.0 (world = 100)$7.86B89 of 178 · highest-to-lowest50.3 / 1000.0 (world = 100)0.0%98 of 178 · highest-to-lowest45.2 / 100-100.0 pp vs world
Iceland1980$3.50B95 of 178 · highest-to-lowest46.9 / 1000.0 (world = 100)$8.31B89 of 178 · highest-to-lowest50.3 / 1000.0 (world = 100)0.0%95 of 178 · highest-to-lowest46.9 / 100-100.0 pp vs world
Iceland1981$3.62B92 of 178 · highest-to-lowest48.6 / 1000.0 (world = 100)$8.67B88 of 178 · highest-to-lowest50.8 / 1000.0 (world = 100)0.0%92 of 178 · highest-to-lowest48.6 / 100-100.0 pp vs world
Iceland1982$3.32B97 of 178 · highest-to-lowest45.8 / 1000.0 (world = 100)$8.86B88 of 178 · highest-to-lowest50.8 / 1000.0 (world = 100)0.0%97 of 178 · highest-to-lowest45.8 / 100-100.0 pp vs world
Iceland1983$2.86B100 of 178 · highest-to-lowest44.1 / 1000.0 (world = 100)$8.66B89 of 178 · highest-to-lowest50.3 / 1000.0 (world = 100)0.0%100 of 178 · highest-to-lowest44.1 / 100-100.0 pp vs world
Iceland1984$2.96B98 of 178 · highest-to-lowest45.2 / 1000.0 (world = 100)$9.02B89 of 178 · highest-to-lowest50.3 / 1000.0 (world = 100)0.0%98 of 178 · highest-to-lowest45.2 / 100-100.0 pp vs world
Iceland1985$3.09B97 of 178 · highest-to-lowest45.8 / 1000.0 (world = 100)$9.32B86 of 178 · highest-to-lowest52.0 / 1000.0 (world = 100)0.0%97 of 178 · highest-to-lowest45.8 / 100-100.0 pp vs world
Iceland1986$4.13B89 of 178 · highest-to-lowest50.3 / 1000.0 (world = 100)$9.90B85 of 178 · highest-to-lowest52.5 / 1000.0 (world = 100)0.0%89 of 178 · highest-to-lowest50.3 / 100-100.0 pp vs world
Iceland1987$5.71B81 of 178 · highest-to-lowest54.8 / 1000.0 (world = 100)$10.75B84 of 178 · highest-to-lowest53.1 / 1000.0 (world = 100)0.0%81 of 178 · highest-to-lowest54.8 / 100-100.0 pp vs world
Iceland1988$6.32B78 of 178 · highest-to-lowest56.5 / 1000.0 (world = 100)$10.74B84 of 178 · highest-to-lowest53.1 / 1000.0 (world = 100)0.0%78 of 178 · highest-to-lowest56.5 / 100-100.0 pp vs world
Iceland1989$5.87B82 of 179 · highest-to-lowest54.5 / 1000.0 (world = 100)$10.77B84 of 179 · highest-to-lowest53.4 / 1000.0 (world = 100)0.0%82 of 179 · highest-to-lowest54.5 / 100-100.0 pp vs world
Iceland1990$6.69B94 of 206 · highest-to-lowest54.6 / 1000.0 (world = 100)$10.89B104 of 206 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%94 of 206 · highest-to-lowest54.6 / 100-100.0 pp vs world
Iceland1991$7.15B93 of 206 · highest-to-lowest55.1 / 1000.0 (world = 100)$10.87B104 of 206 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%93 of 206 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland1992$7.33B95 of 206 · highest-to-lowest54.1 / 1000.0 (world = 100)$10.50B104 of 206 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%95 of 206 · highest-to-lowest54.1 / 100-100.0 pp vs world
Iceland1993$6.44B99 of 206 · highest-to-lowest52.2 / 1000.0 (world = 100)$10.64B103 of 206 · highest-to-lowest50.2 / 1000.0 (world = 100)0.0%99 of 206 · highest-to-lowest52.2 / 100-100.0 pp vs world
Iceland1994$6.61B96 of 206 · highest-to-lowest53.7 / 1000.0 (world = 100)$11.03B104 of 206 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%96 of 206 · highest-to-lowest53.7 / 100-100.0 pp vs world
Iceland1995$7.37B93 of 206 · highest-to-lowest55.1 / 1000.0 (world = 100)$11.04B103 of 206 · highest-to-lowest50.2 / 1000.0 (world = 100)0.0%93 of 206 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland1996$7.69B98 of 206 · highest-to-lowest52.7 / 1000.0 (world = 100)$11.53B106 of 206 · highest-to-lowest48.8 / 1000.0 (world = 100)0.0%98 of 206 · highest-to-lowest52.7 / 100-100.0 pp vs world
Iceland1997$7.72B101 of 206 · highest-to-lowest51.2 / 1000.0 (world = 100)$12.01B103 of 206 · highest-to-lowest50.2 / 1000.0 (world = 100)0.0%101 of 206 · highest-to-lowest51.2 / 100-100.0 pp vs world
Iceland1998$8.64B96 of 206 · highest-to-lowest53.7 / 1000.0 (world = 100)$12.85B103 of 206 · highest-to-lowest50.2 / 1000.0 (world = 100)0.0%96 of 206 · highest-to-lowest53.7 / 100-100.0 pp vs world
Iceland1999$9.11B93 of 206 · highest-to-lowest55.1 / 1000.0 (world = 100)$13.36B104 of 206 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%93 of 206 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland2000$9.14B94 of 206 · highest-to-lowest54.6 / 1000.0 (world = 100)$14.01B104 of 206 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%94 of 206 · highest-to-lowest54.6 / 100-100.0 pp vs world
Iceland2001$8.32B100 of 206 · highest-to-lowest51.7 / 1000.0 (world = 100)$14.55B104 of 206 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%100 of 206 · highest-to-lowest51.7 / 100-100.0 pp vs world
Iceland2002$9.42B98 of 206 · highest-to-lowest52.7 / 1000.0 (world = 100)$14.63B105 of 206 · highest-to-lowest49.3 / 1000.0 (world = 100)0.0%98 of 206 · highest-to-lowest52.7 / 100-100.0 pp vs world
Iceland2003$11.56B93 of 206 · highest-to-lowest55.1 / 1000.0 (world = 100)$14.96B105 of 206 · highest-to-lowest49.3 / 1000.0 (world = 100)0.0%93 of 206 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland2004$13.96B91 of 206 · highest-to-lowest56.1 / 1000.0 (world = 100)$16.10B105 of 206 · highest-to-lowest49.3 / 1000.0 (world = 100)0.0%91 of 206 · highest-to-lowest56.1 / 100-100.0 pp vs world
Iceland2005$17.15B88 of 208 · highest-to-lowest58.0 / 1000.0 (world = 100)$17.23B105 of 208 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%88 of 208 · highest-to-lowest58.0 / 100-100.0 pp vs world
Iceland2006$17.67B94 of 208 · highest-to-lowest55.1 / 1000.0 (world = 100)$18.21B105 of 208 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%94 of 208 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland2007$21.96B94 of 208 · highest-to-lowest55.1 / 1000.0 (world = 100)$19.80B105 of 208 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%94 of 208 · highest-to-lowest55.1 / 100-100.0 pp vs world
Iceland2008$18.25B106 of 210 · highest-to-lowest49.8 / 1000.0 (world = 100)$20.14B106 of 210 · highest-to-lowest49.8 / 1000.0 (world = 100)0.0%106 of 210 · highest-to-lowest49.8 / 100-100.0 pp vs world
Iceland2009$13.21B113 of 210 · highest-to-lowest46.4 / 1000.0 (world = 100)$18.46B108 of 210 · highest-to-lowest48.8 / 1000.0 (world = 100)0.0%113 of 210 · highest-to-lowest46.4 / 100-100.0 pp vs world
Iceland2010$13.92B118 of 210 · highest-to-lowest44.0 / 1000.0 (world = 100)$18.05B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)0.0%118 of 210 · highest-to-lowest44.0 / 100-100.0 pp vs world
Iceland2011$15.39B123 of 210 · highest-to-lowest41.6 / 1000.0 (world = 100)$18.30B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)0.0%123 of 210 · highest-to-lowest41.6 / 100-100.0 pp vs world
Iceland2012$14.94B125 of 210 · highest-to-lowest40.7 / 1000.0 (world = 100)$18.52B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)0.0%125 of 210 · highest-to-lowest40.7 / 100-100.0 pp vs world
Iceland2013$16.24B124 of 210 · highest-to-lowest41.1 / 1000.0 (world = 100)$19.18B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)0.0%124 of 210 · highest-to-lowest41.1 / 100-100.0 pp vs world
Iceland2014$18.05B118 of 210 · highest-to-lowest44.0 / 1000.0 (world = 100)$19.55B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)0.0%118 of 210 · highest-to-lowest44.0 / 100-100.0 pp vs world
Iceland2015$17.70B116 of 210 · highest-to-lowest45.0 / 1000.0 (world = 100)$20.29B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)0.0%116 of 210 · highest-to-lowest45.0 / 100-100.0 pp vs world
Iceland2016$21.08B108 of 210 · highest-to-lowest48.8 / 1000.0 (world = 100)$21.55B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)0.0%108 of 210 · highest-to-lowest48.8 / 100-100.0 pp vs world
Iceland2017$25.06B106 of 210 · highest-to-lowest49.8 / 1000.0 (world = 100)$22.30B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)0.0%106 of 210 · highest-to-lowest49.8 / 100-100.0 pp vs world
Iceland2018$26.68B105 of 210 · highest-to-lowest50.2 / 1000.0 (world = 100)$23.34B109 of 210 · highest-to-lowest48.3 / 1000.0 (world = 100)0.0%105 of 210 · highest-to-lowest50.2 / 100-100.0 pp vs world
Iceland2019$24.99B108 of 210 · highest-to-lowest48.8 / 1000.0 (world = 100)$23.60B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)0.0%108 of 210 · highest-to-lowest48.8 / 100-100.0 pp vs world
Iceland2020$22.03B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)$22.03B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland2021$26.23B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)$23.18B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)0.0%110 of 210 · highest-to-lowest47.8 / 100-100.0 pp vs world
Iceland2022$29.17B111 of 210 · highest-to-lowest47.4 / 1000.0 (world = 100)$25.22B109 of 210 · highest-to-lowest48.3 / 1000.0 (world = 100)0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland2023$31.71B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)$26.50B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)0.0%110 of 210 · highest-to-lowest47.8 / 100-100.0 pp vs world
Iceland2024$33.22B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)$26.18B110 of 210 · highest-to-lowest47.8 / 1000.0 (world = 100)0.0%110 of 210 · highest-to-lowest47.8 / 100-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Current U.S.-dollar GDP reflects domestic prices and exchange rates as well as production. It is not PPP adjusted.

Latest common comparison

Europe$27.20T2024
Northern Europe$6.28T2024
World$111.57T2024

03 · Output and income per person

What does the record show per person?

Current and constant-price per-person measures separate present-dollar scale from real change.

Full historical record

GDP per person

Current and constant-price per-person measures separate present-dollar scale from real change.

Iceland is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

GDP per person across the full available AMA record, divided into three labeled analytical periods.1970–19901990–20102010–202484.5K63.6K42.7K21.8K928.41970198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

IcelandNorthern EuropeEuropeWorldCurrent prices · U.S. dollars per person
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GDP per person and UN benchmarks

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Formation1970–1990

$2,666 → $26,272

Compound annual change: +12.1% CAGR
Integration1990–2010

$26,272 → $43,760

Compound annual change: +2.6% CAGR
Current era2010–2024

$43,760 → $84,450

Compound annual change: +4.8% CAGR
GDP per person$84,4502024 · Published series · World rank 11 of 210 · highest-to-lowest
Real GDP per person$66,5602024 · Published series · World rank 11 of 210 · highest-to-lowest
Output and income per person: annual rates, ranks and comparison indices55 annual rows

Annual non-duplicative measures used in the output and income per person section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Output and income per person: annual rates, ranks and comparison indices
Iceland1970$2,66625 of 178 · highest-to-lowest86.4 / 100287.2 (world = 100)$21,98924 of 178 · highest-to-lowest87.0 / 100423.8 (world = 100)
Iceland1971$3,36522 of 178 · highest-to-lowest88.1 / 100336.0 (world = 100)$24,65723 of 178 · highest-to-lowest87.6 / 100465.3 (world = 100)
Iceland1972$4,15420 of 178 · highest-to-lowest89.3 / 100367.6 (world = 100)$25,80019 of 178 · highest-to-lowest89.8 / 100471.3 (world = 100)
Iceland1973$5,62516 of 178 · highest-to-lowest91.5 / 100417.2 (world = 100)$27,14418 of 178 · highest-to-lowest90.4 / 100475.1 (world = 100)
Iceland1974$7,28515 of 178 · highest-to-lowest92.1 / 100485.9 (world = 100)$28,30818 of 178 · highest-to-lowest90.4 / 100494.5 (world = 100)
Iceland1975$6,67922 of 178 · highest-to-lowest88.1 / 100405.8 (world = 100)$28,13018 of 178 · highest-to-lowest90.4 / 100496.4 (world = 100)
Iceland1976$7,84720 of 178 · highest-to-lowest89.3 / 100449.1 (world = 100)$29,51418 of 178 · highest-to-lowest90.4 / 100504.0 (world = 100)
Iceland1977$10,30413 of 178 · highest-to-lowest93.2 / 100533.0 (world = 100)$31,87917 of 178 · highest-to-lowest91.0 / 100532.1 (world = 100)
Iceland1978$11,62813 of 178 · highest-to-lowest93.2 / 100516.6 (world = 100)$33,53517 of 178 · highest-to-lowest91.0 / 100545.6 (world = 100)
Iceland1979$13,08114 of 178 · highest-to-lowest92.7 / 100513.9 (world = 100)$34,82517 of 178 · highest-to-lowest91.0 / 100554.3 (world = 100)
Iceland1980$15,33915 of 178 · highest-to-lowest92.1 / 100549.7 (world = 100)$36,44115 of 178 · highest-to-lowest92.1 / 100579.4 (world = 100)
Iceland1981$15,66710 of 178 · highest-to-lowest94.9 / 100559.3 (world = 100)$37,56713 of 178 · highest-to-lowest93.2 / 100596.5 (world = 100)
Iceland1982$14,19212 of 178 · highest-to-lowest93.8 / 100520.0 (world = 100)$37,86712 of 178 · highest-to-lowest93.8 / 100609.6 (world = 100)
Iceland1983$12,08017 of 178 · highest-to-lowest91.0 / 100439.6 (world = 100)$36,56514 of 178 · highest-to-lowest92.7 / 100582.9 (world = 100)
Iceland1984$12,37816 of 178 · highest-to-lowest91.5 / 100445.8 (world = 100)$37,67213 of 178 · highest-to-lowest93.2 / 100584.1 (world = 100)
Iceland1985$12,79315 of 178 · highest-to-lowest92.1 / 100456.9 (world = 100)$38,60612 of 178 · highest-to-lowest93.8 / 100588.7 (world = 100)
Iceland1986$16,97914 of 178 · highest-to-lowest92.7 / 100535.5 (world = 100)$40,72611 of 178 · highest-to-lowest94.4 / 100612.8 (world = 100)
Iceland1987$23,2388 of 178 · highest-to-lowest96.0 / 100659.8 (world = 100)$43,72610 of 178 · highest-to-lowest94.9 / 100646.6 (world = 100)
Iceland1988$25,3088 of 178 · highest-to-lowest96.0 / 100654.1 (world = 100)$43,00910 of 178 · highest-to-lowest94.9 / 100619.7 (world = 100)
Iceland1989$23,21913 of 179 · highest-to-lowest93.3 / 100584.3 (world = 100)$42,58810 of 179 · highest-to-lowest94.9 / 100602.3 (world = 100)
Iceland1990$26,27213 of 206 · highest-to-lowest94.1 / 100605.5 (world = 100)$42,75111 of 206 · highest-to-lowest95.1 / 100597.3 (world = 100)
Iceland1991$27,73811 of 206 · highest-to-lowest95.1 / 100619.2 (world = 100)$42,16211 of 206 · highest-to-lowest95.1 / 100591.9 (world = 100)
Iceland1992$28,06912 of 206 · highest-to-lowest94.6 / 100594.9 (world = 100)$40,22912 of 206 · highest-to-lowest94.6 / 100562.3 (world = 100)
Iceland1993$24,40114 of 206 · highest-to-lowest93.7 / 100515.3 (world = 100)$40,34512 of 206 · highest-to-lowest94.6 / 100562.9 (world = 100)
Iceland1994$24,85516 of 206 · highest-to-lowest92.7 / 100499.4 (world = 100)$41,44012 of 206 · highest-to-lowest94.6 / 100568.2 (world = 100)
Iceland1995$27,56017 of 206 · highest-to-lowest92.2 / 100506.7 (world = 100)$41,26212 of 206 · highest-to-lowest94.6 / 100556.8 (world = 100)
Iceland1996$28,57917 of 206 · highest-to-lowest92.2 / 100521.8 (world = 100)$42,88513 of 206 · highest-to-lowest94.1 / 100567.0 (world = 100)
Iceland1997$28,45614 of 206 · highest-to-lowest93.7 / 100529.3 (world = 100)$44,29514 of 206 · highest-to-lowest93.7 / 100571.6 (world = 100)
Iceland1998$31,51213 of 206 · highest-to-lowest94.1 / 100597.9 (world = 100)$46,89414 of 206 · highest-to-lowest93.7 / 100596.8 (world = 100)
Iceland1999$32,82613 of 206 · highest-to-lowest94.1 / 100607.5 (world = 100)$48,13613 of 206 · highest-to-lowest94.1 / 100599.5 (world = 100)
Iceland2000$32,49512 of 206 · highest-to-lowest94.6 / 100591.9 (world = 100)$49,80913 of 206 · highest-to-lowest94.1 / 100601.9 (world = 100)
Iceland2001$29,19913 of 206 · highest-to-lowest94.1 / 100542.0 (world = 100)$51,03812 of 206 · highest-to-lowest94.6 / 100612.3 (world = 100)
Iceland2002$32,74013 of 206 · highest-to-lowest94.1 / 100592.0 (world = 100)$50,85912 of 206 · highest-to-lowest94.6 / 100604.9 (world = 100)
Iceland2003$39,93311 of 206 · highest-to-lowest95.1 / 100652.0 (world = 100)$51,66011 of 206 · highest-to-lowest95.1 / 100604.3 (world = 100)
Iceland2004$47,79410 of 206 · highest-to-lowest95.6 / 100702.1 (world = 100)$55,11012 of 206 · highest-to-lowest94.6 / 100625.3 (world = 100)
Iceland2005$57,7648 of 208 · highest-to-lowest96.6 / 100792.8 (world = 100)$58,0579 of 208 · highest-to-lowest96.1 / 100641.7 (world = 100)
Iceland2006$58,15510 of 208 · highest-to-lowest95.7 / 100745.8 (world = 100)$59,9299 of 208 · highest-to-lowest96.1 / 100642.4 (world = 100)
Iceland2007$70,4648 of 208 · highest-to-lowest96.6 / 100811.4 (world = 100)$63,5419 of 208 · highest-to-lowest96.1 / 100661.2 (world = 100)
Iceland2008$57,47113 of 210 · highest-to-lowest94.3 / 100610.4 (world = 100)$63,42810 of 210 · highest-to-lowest95.7 / 100655.4 (world = 100)
Iceland2009$41,46922 of 210 · highest-to-lowest90.0 / 100470.1 (world = 100)$57,94910 of 210 · highest-to-lowest95.7 / 100615.2 (world = 100)
Iceland2010$43,76025 of 210 · highest-to-lowest88.5 / 100458.7 (world = 100)$56,74212 of 210 · highest-to-lowest94.7 / 100584.2 (world = 100)
Iceland2011$48,23624 of 210 · highest-to-lowest89.0 / 100460.2 (world = 100)$57,34911 of 210 · highest-to-lowest95.2 / 100578.9 (world = 100)
Iceland2012$46,57725 of 210 · highest-to-lowest88.5 / 100440.6 (world = 100)$57,71111 of 210 · highest-to-lowest95.2 / 100574.2 (world = 100)
Iceland2013$50,15521 of 210 · highest-to-lowest90.4 / 100466.5 (world = 100)$59,22510 of 210 · highest-to-lowest95.7 / 100580.4 (world = 100)
Iceland2014$55,11915 of 210 · highest-to-lowest93.3 / 100505.7 (world = 100)$59,69010 of 210 · highest-to-lowest95.7 / 100574.5 (world = 100)
Iceland2015$53,48413 of 210 · highest-to-lowest94.3 / 100525.1 (world = 100)$61,29610 of 210 · highest-to-lowest95.7 / 100578.9 (world = 100)
Iceland2016$62,82910 of 210 · highest-to-lowest95.7 / 100614.0 (world = 100)$64,21110 of 210 · highest-to-lowest95.7 / 100597.2 (world = 100)
Iceland2017$72,9499 of 210 · highest-to-lowest96.2 / 100677.6 (world = 100)$64,90910 of 210 · highest-to-lowest95.7 / 100590.4 (world = 100)
Iceland2018$75,60510 of 210 · highest-to-lowest95.7 / 100668.7 (world = 100)$66,14010 of 210 · highest-to-lowest95.7 / 100589.1 (world = 100)
Iceland2019$69,27010 of 210 · highest-to-lowest95.7 / 100610.4 (world = 100)$65,43810 of 210 · highest-to-lowest95.7 / 100573.9 (world = 100)
Iceland2020$60,10312 of 210 · highest-to-lowest94.7 / 100548.4 (world = 100)$60,10312 of 210 · highest-to-lowest94.7 / 100548.4 (world = 100)
Iceland2021$70,40210 of 210 · highest-to-lowest95.7 / 100567.1 (world = 100)$62,19412 of 210 · highest-to-lowest94.7 / 100537.8 (world = 100)
Iceland2022$76,68111 of 210 · highest-to-lowest95.2 / 100598.8 (world = 100)$66,30811 of 210 · highest-to-lowest95.2 / 100559.6 (world = 100)
Iceland2023$81,82610 of 210 · highest-to-lowest95.7 / 100617.3 (world = 100)$68,38711 of 210 · highest-to-lowest95.2 / 100565.7 (world = 100)
Iceland2024$84,45011 of 210 · highest-to-lowest95.2 / 100617.6 (world = 100)$66,56011 of 210 · highest-to-lowest95.2 / 100540.1 (world = 100)

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

GDP per person is an accounting average, not a measure of household income distribution or living costs.

Latest common comparison

Europe$36,4082024
Northern Europe$57,7922024
World$13,6732024

04 · Real growth and output prices

How quickly has real activity changed, and how have output prices moved?

Real GDP growth, per-person growth and the implicit deflator answer different questions.

Full historical record

Real GDP growth

Real GDP growth, per-person growth and the implicit deflator answer different questions.

Iceland is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Real GDP growth across the full available AMA record, divided into three labeled analytical periods.1970–19901990–20102010–202413.17.72.4-3-8.31971198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

IcelandNorthern EuropeEuropeWorldConstant prices · percent
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Real GDP growth and UN benchmarks

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Formation1970–1990

13.1% → 1.2%

Average annual rate: +4.6%
Integration1990–2010

1.2% → -2.2%

Average annual rate: +2.6%
Current era2010–2024

-2.2% → -1.2%

Average annual rate: +2.4%
Real GDP growth-1.2%2024 · Published series · World rank 195 of 210 · highest-to-lowest
Real GDP-per-person growth-2.7%2024 · Published series · World rank 195 of 210 · highest-to-lowest
Implicit GDP deflator129.32024 · Published series · World rank 70 of 210 · highest-to-lowest
Real growth and output prices: annual rates, ranks and comparison indices55 annual rows

Annual non-duplicative measures used in the real growth and output prices section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Real growth and output prices: annual rates, ranks and comparison indices
Iceland1970Source observation unavailableNot calculable without a source observationNot calculable without a source observationComparable world observation unavailableSource observation unavailableNot calculable without a source observationNot calculable without a source observationComparable world observation unavailable0.1145 of 178 · highest-to-lowest18.6 / 100
Iceland197113.1%12 of 178 · highest-to-lowest93.8 / 100+8.9 pp vs world12.1%4 of 178 · highest-to-lowest98.3 / 100+10.0 pp vs world0.1146 of 178 · highest-to-lowest18.1 / 100
Iceland19726.2%70 of 178 · highest-to-lowest61.0 / 100+0.8 pp vs world4.6%65 of 178 · highest-to-lowest63.8 / 100+1.3 pp vs world0.1145 of 178 · highest-to-lowest18.6 / 100
Iceland19736.8%69 of 178 · highest-to-lowest61.6 / 100+0.4 pp vs world5.2%61 of 178 · highest-to-lowest66.1 / 100+0.8 pp vs world0.1143 of 178 · highest-to-lowest19.8 / 100
Iceland19745.7%73 of 178 · highest-to-lowest59.3 / 100+3.6 pp vs world4.3%55 of 178 · highest-to-lowest69.5 / 100+4.1 pp vs world0.2143 of 178 · highest-to-lowest19.8 / 100
Iceland19750.6%114 of 178 · highest-to-lowest36.2 / 100-0.2 pp vs world-0.6%102 of 178 · highest-to-lowest42.9 / 100+0.4 pp vs world0.3140 of 178 · highest-to-lowest21.5 / 100
Iceland19766.0%77 of 178 · highest-to-lowest57.1 / 100+0.8 pp vs world4.9%69 of 178 · highest-to-lowest61.6 / 100+1.6 pp vs world0.4141 of 178 · highest-to-lowest20.9 / 100
Iceland19778.8%36 of 178 · highest-to-lowest80.2 / 100+4.7 pp vs world8.0%21 of 178 · highest-to-lowest88.7 / 100+5.7 pp vs world0.5139 of 178 · highest-to-lowest22.0 / 100
Iceland19786.0%79 of 178 · highest-to-lowest55.9 / 100+1.6 pp vs world5.2%64 of 178 · highest-to-lowest64.4 / 100+2.6 pp vs world0.7137 of 178 · highest-to-lowest23.2 / 100
Iceland19794.9%77 of 178 · highest-to-lowest57.1 / 100+0.8 pp vs world3.8%70 of 178 · highest-to-lowest61.0 / 100+1.6 pp vs world1.0134 of 178 · highest-to-lowest24.9 / 100
Iceland19805.7%55 of 178 · highest-to-lowest69.5 / 100+3.8 pp vs world4.6%46 of 178 · highest-to-lowest74.6 / 100+4.5 pp vs world1.5131 of 178 · highest-to-lowest26.6 / 100
Iceland19814.3%69 of 178 · highest-to-lowest61.6 / 100+2.3 pp vs world3.1%60 of 178 · highest-to-lowest66.7 / 100+3.0 pp vs world2.2130 of 178 · highest-to-lowest27.1 / 100
Iceland19822.2%81 of 178 · highest-to-lowest54.8 / 100+1.7 pp vs world0.8%75 of 178 · highest-to-lowest58.2 / 100+2.2 pp vs world3.4125 of 178 · highest-to-lowest29.9 / 100
Iceland1983-2.2%138 of 178 · highest-to-lowest22.6 / 100-5.0 pp vs world-3.4%132 of 178 · highest-to-lowest26.0 / 100-4.4 pp vs world6.1114 of 178 · highest-to-lowest36.2 / 100
Iceland19844.1%89 of 178 · highest-to-lowest50.3 / 100-0.6 pp vs world3.0%70 of 178 · highest-to-lowest61.0 / 100+0.2 pp vs world7.7113 of 178 · highest-to-lowest36.7 / 100
Iceland19853.3%93 of 178 · highest-to-lowest48.0 / 100-0.2 pp vs world2.5%78 of 178 · highest-to-lowest56.5 / 100+0.8 pp vs world10.2111 of 178 · highest-to-lowest37.9 / 100
Iceland19866.3%41 of 178 · highest-to-lowest77.4 / 100+3.1 pp vs world5.5%29 of 178 · highest-to-lowest84.2 / 100+4.2 pp vs world12.7109 of 178 · highest-to-lowest39.0 / 100
Iceland19878.5%29 of 178 · highest-to-lowest84.2 / 100+4.9 pp vs world7.4%20 of 178 · highest-to-lowest89.3 / 100+5.6 pp vs world15.2106 of 178 · highest-to-lowest40.7 / 100
Iceland1988-0.1%154 of 178 · highest-to-lowest13.6 / 100-4.6 pp vs world-1.6%144 of 178 · highest-to-lowest19.2 / 100-4.3 pp vs world18.7104 of 178 · highest-to-lowest41.8 / 100
Iceland19890.3%147 of 178 · highest-to-lowest17.5 / 100-3.5 pp vs world-1.0%138 of 178 · highest-to-lowest22.6 / 100-2.9 pp vs world23.0101 of 179 · highest-to-lowest43.8 / 100
Iceland19901.2%121 of 179 · highest-to-lowest32.6 / 100-1.9 pp vs world0.4%110 of 179 · highest-to-lowest38.8 / 100-0.8 pp vs world26.4101 of 206 · highest-to-lowest51.2 / 100
Iceland1991-0.2%142 of 206 · highest-to-lowest31.2 / 100-1.5 pp vs world-1.4%122 of 206 · highest-to-lowest41.0 / 100-0.9 pp vs world28.7103 of 206 · highest-to-lowest50.2 / 100
Iceland1992-3.4%162 of 206 · highest-to-lowest21.5 / 100-5.4 pp vs world-4.6%159 of 206 · highest-to-lowest22.9 / 100-5.0 pp vs world29.6104 of 206 · highest-to-lowest49.8 / 100
Iceland19931.3%120 of 206 · highest-to-lowest42.0 / 100-0.4 pp vs world0.3%108 of 206 · highest-to-lowest47.8 / 100+0.1 pp vs world30.2107 of 206 · highest-to-lowest48.3 / 100
Iceland19943.6%102 of 206 · highest-to-lowest50.7 / 100+0.3 pp vs world2.7%87 of 206 · highest-to-lowest58.0 / 100+1.0 pp vs world31.0115 of 206 · highest-to-lowest44.4 / 100
Iceland19950.1%174 of 206 · highest-to-lowest15.6 / 100-3.0 pp vs world-0.4%159 of 206 · highest-to-lowest22.9 / 100-2.0 pp vs world31.9119 of 206 · highest-to-lowest42.4 / 100
Iceland19964.5%98 of 206 · highest-to-lowest52.7 / 100+0.9 pp vs world3.9%75 of 206 · highest-to-lowest63.9 / 100+1.9 pp vs world32.7120 of 206 · highest-to-lowest42.0 / 100
Iceland19974.1%117 of 206 · highest-to-lowest43.4 / 100+0.3 pp vs world3.3%89 of 206 · highest-to-lowest57.1 / 100+0.8 pp vs world33.6123 of 206 · highest-to-lowest40.5 / 100
Iceland19987.0%41 of 206 · highest-to-lowest80.5 / 100+4.2 pp vs world5.9%35 of 206 · highest-to-lowest83.4 / 100+4.5 pp vs world35.2125 of 206 · highest-to-lowest39.5 / 100
Iceland19993.9%90 of 206 · highest-to-lowest56.6 / 100+0.3 pp vs world2.6%91 of 206 · highest-to-lowest56.1 / 100+0.5 pp vs world36.4126 of 206 · highest-to-lowest39.0 / 100
Iceland20004.9%80 of 206 · highest-to-lowest61.5 / 100+0.4 pp vs world3.5%83 of 206 · highest-to-lowest60.0 / 100+0.4 pp vs world37.9129 of 206 · highest-to-lowest37.6 / 100
Iceland20013.8%83 of 206 · highest-to-lowest60.0 / 100+1.8 pp vs world2.5%78 of 206 · highest-to-lowest62.4 / 100+1.7 pp vs world41.2128 of 206 · highest-to-lowest38.0 / 100
Iceland20020.5%167 of 206 · highest-to-lowest19.0 / 100-1.7 pp vs world-0.4%157 of 206 · highest-to-lowest23.9 / 100-1.2 pp vs world43.6130 of 206 · highest-to-lowest37.1 / 100
Iceland20032.3%147 of 206 · highest-to-lowest28.8 / 100-0.7 pp vs world1.6%126 of 206 · highest-to-lowest39.0 / 100-0.1 pp vs world43.8133 of 206 · highest-to-lowest35.6 / 100
Iceland20047.6%44 of 206 · highest-to-lowest79.0 / 100+3.2 pp vs world6.7%39 of 206 · highest-to-lowest81.5 / 100+3.6 pp vs world45.0141 of 206 · highest-to-lowest31.7 / 100
Iceland20057.0%58 of 206 · highest-to-lowest72.2 / 100+3.0 pp vs world5.3%56 of 206 · highest-to-lowest73.2 / 100+2.7 pp vs world46.3147 of 208 · highest-to-lowest29.5 / 100
Iceland20065.7%95 of 208 · highest-to-lowest54.6 / 100+1.2 pp vs world3.2%122 of 208 · highest-to-lowest41.5 / 100+0.1 pp vs world50.3145 of 208 · highest-to-lowest30.4 / 100
Iceland20078.7%43 of 208 · highest-to-lowest79.7 / 100+4.4 pp vs world6.0%67 of 208 · highest-to-lowest68.1 / 100+3.0 pp vs world52.5150 of 208 · highest-to-lowest28.0 / 100
Iceland20081.7%150 of 208 · highest-to-lowest28.0 / 100-0.3 pp vs world-0.2%158 of 208 · highest-to-lowest24.2 / 100-0.9 pp vs world58.8148 of 210 · highest-to-lowest29.7 / 100
Iceland2009-8.3%196 of 210 · highest-to-lowest6.7 / 100-6.9 pp vs world-8.6%192 of 210 · highest-to-lowest8.6 / 100-6.0 pp vs world65.3134 of 210 · highest-to-lowest36.4 / 100
Iceland2010-2.2%194 of 210 · highest-to-lowest7.7 / 100-6.7 pp vs world-2.1%190 of 210 · highest-to-lowest9.6 / 100-5.2 pp vs world69.6134 of 210 · highest-to-lowest36.4 / 100
Iceland20111.4%160 of 210 · highest-to-lowest23.9 / 100-1.9 pp vs world1.1%138 of 210 · highest-to-lowest34.4 / 100-0.9 pp vs world72.0144 of 210 · highest-to-lowest31.6 / 100
Iceland20121.2%144 of 210 · highest-to-lowest31.6 / 100-1.6 pp vs world0.6%136 of 210 · highest-to-lowest35.4 / 100-0.8 pp vs world74.5144 of 210 · highest-to-lowest31.6 / 100
Iceland20133.6%100 of 210 · highest-to-lowest52.6 / 100+0.8 pp vs world2.6%85 of 210 · highest-to-lowest59.8 / 100+1.1 pp vs world76.4151 of 210 · highest-to-lowest28.2 / 100
Iceland20141.9%146 of 210 · highest-to-lowest30.6 / 100-1.2 pp vs world0.8%145 of 210 · highest-to-lowest31.1 / 100-1.0 pp vs world79.6146 of 210 · highest-to-lowest30.6 / 100
Iceland20153.8%90 of 210 · highest-to-lowest57.4 / 100+0.6 pp vs world2.7%83 of 210 · highest-to-lowest60.8 / 100+0.8 pp vs world85.0140 of 210 · highest-to-lowest33.5 / 100
Iceland20166.2%34 of 210 · highest-to-lowest84.2 / 100+3.5 pp vs world4.8%29 of 210 · highest-to-lowest86.6 / 100+3.2 pp vs world87.3140 of 210 · highest-to-lowest33.5 / 100
Iceland20173.5%100 of 210 · highest-to-lowest52.6 / 100+0.1 pp vs world1.1%147 of 210 · highest-to-lowest30.1 / 100-1.2 pp vs world88.7153 of 210 · highest-to-lowest27.3 / 100
Iceland20184.7%64 of 210 · highest-to-lowest69.9 / 100+1.4 pp vs world1.9%120 of 210 · highest-to-lowest43.1 / 100-0.2 pp vs world91.4161 of 210 · highest-to-lowest23.4 / 100
Iceland20191.1%162 of 210 · highest-to-lowest23.0 / 100-1.5 pp vs world-1.1%184 of 210 · highest-to-lowest12.4 / 100-2.6 pp vs world95.8148 of 210 · highest-to-lowest29.7 / 100
Iceland2020-6.6%142 of 210 · highest-to-lowest32.5 / 100-3.7 pp vs world-8.2%149 of 210 · highest-to-lowest29.2 / 100-4.3 pp vs world100.01 of 210 · highest-to-lowest100.0 / 100
Iceland20215.2%107 of 210 · highest-to-lowest49.3 / 100-1.2 pp vs world3.5%121 of 210 · highest-to-lowest42.6 / 100-2.0 pp vs world106.184 of 210 · highest-to-lowest60.3 / 100
Iceland20228.8%28 of 210 · highest-to-lowest87.1 / 100+5.5 pp vs world6.6%43 of 210 · highest-to-lowest79.9 / 100+4.1 pp vs world115.579 of 210 · highest-to-lowest62.7 / 100
Iceland20235.1%47 of 210 · highest-to-lowest78.0 / 100+2.2 pp vs world3.1%67 of 210 · highest-to-lowest68.4 / 100+1.1 pp vs world121.978 of 210 · highest-to-lowest63.2 / 100
Iceland2024-1.2%195 of 210 · highest-to-lowest7.2 / 100-4.0 pp vs world-2.7%195 of 210 · highest-to-lowest7.2 / 100-4.6 pp vs world129.370 of 210 · highest-to-lowest67.0 / 100

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

The implicit GDP deflator covers domestically produced output and is not a consumer price index. Annual growth can be volatile.

Latest common comparison

Europe1.3%2024
Northern Europe1.3%2024
World2.8%2024

05 · Consumption and domestic demand

How is output used for consumption and domestic demand?

Household and government consumption sit inside final consumption; domestic demand also includes capital formation.

Full historical record

Final Consumption

Household and government consumption sit inside final consumption; domestic demand also includes capital formation.

Iceland is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Final Consumption across the full available AMA record, divided into three labeled analytical periods.1970–19901990–20102010–202483.780.376.873.4701970198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

IcelandNorthern EuropeEuropeWorldCurrent prices · national currency · percent
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Final consumption and UN benchmarks

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Formation1970–1990

72.9% → 78.5%

Percentage-point change: +5.6 pp
Integration1990–2010

78.5% → 76.4%

Percentage-point change: -2.1 pp
Current era2010–2024

76.4% → 75.0%

Percentage-point change: -1.4 pp
Final consumption75.0%2024 · Published series · World rank 141 of 210 · highest-to-lowest
Household consumption49.1%2024 · Published series · World rank 174 of 209 · highest-to-lowest
Government consumption25.9%2024 · Published series · World rank 24 of 209 · highest-to-lowest
Domestic demand101.3%2024 · Derived measure · World rank 112 of 209 · highest-to-lowest
Consumption and domestic demand: annual rates, ranks and comparison indices55 annual rows

Annual non-duplicative measures used in the consumption and domestic demand section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Consumption and domestic demand: annual rates, ranks and comparison indices
Iceland197072.9%132 of 178 · highest-to-lowest26.0 / 100+0.2 pp vs world58.0%121 of 177 · highest-to-lowest31.8 / 100+1.0 pp vs world14.9%85 of 177 · highest-to-lowest52.3 / 100-0.6 pp vs world99.8%122 of 177 · highest-to-lowest31.3 / 100-0.7 pp vs world
Iceland197173.1%129 of 178 · highest-to-lowest27.7 / 100+0.0 pp vs world57.6%120 of 177 · highest-to-lowest32.4 / 100+0.6 pp vs world15.4%84 of 177 · highest-to-lowest52.8 / 100-0.5 pp vs world109.0%52 of 177 · highest-to-lowest71.0 / 100+8.5 pp vs world
Iceland197273.6%126 of 178 · highest-to-lowest29.4 / 100+0.7 pp vs world56.5%125 of 177 · highest-to-lowest29.5 / 100-0.4 pp vs world17.1%69 of 177 · highest-to-lowest61.4 / 100+1.2 pp vs world104.2%84 of 177 · highest-to-lowest52.8 / 100+3.9 pp vs world
Iceland197370.0%138 of 178 · highest-to-lowest22.6 / 100-1.7 pp vs world53.4%139 of 177 · highest-to-lowest21.6 / 100-2.5 pp vs world16.6%74 of 177 · highest-to-lowest58.5 / 100+0.9 pp vs world104.8%74 of 177 · highest-to-lowest58.5 / 100+4.5 pp vs world
Iceland197474.1%110 of 178 · highest-to-lowest38.4 / 100+2.3 pp vs world55.7%117 of 177 · highest-to-lowest34.1 / 100+0.0 pp vs world18.4%50 of 177 · highest-to-lowest72.2 / 100+2.4 pp vs world113.2%45 of 177 · highest-to-lowest75.0 / 100+12.9 pp vs world
Iceland197573.7%122 of 178 · highest-to-lowest31.6 / 100+0.0 pp vs world54.8%130 of 177 · highest-to-lowest26.7 / 100-1.8 pp vs world18.9%60 of 177 · highest-to-lowest66.5 / 100+1.9 pp vs world111.8%49 of 177 · highest-to-lowest72.7 / 100+11.4 pp vs world
Iceland197671.3%134 of 178 · highest-to-lowest24.9 / 100-1.6 pp vs world53.4%137 of 177 · highest-to-lowest22.7 / 100-2.8 pp vs world18.0%64 of 177 · highest-to-lowest64.2 / 100+1.3 pp vs world102.3%108 of 177 · highest-to-lowest39.2 / 100+1.3 pp vs world
Iceland197771.3%132 of 178 · highest-to-lowest26.0 / 100-1.6 pp vs world53.2%140 of 177 · highest-to-lowest21.0 / 100-3.0 pp vs world18.1%67 of 177 · highest-to-lowest62.5 / 100+1.5 pp vs world103.6%90 of 177 · highest-to-lowest49.4 / 100+2.4 pp vs world
Iceland197872.8%131 of 178 · highest-to-lowest26.6 / 100+0.1 pp vs world53.6%138 of 177 · highest-to-lowest22.2 / 100-2.4 pp vs world19.2%59 of 177 · highest-to-lowest67.0 / 100+2.6 pp vs world99.4%131 of 177 · highest-to-lowest26.1 / 100-1.7 pp vs world
Iceland197974.4%120 of 178 · highest-to-lowest32.8 / 100+1.8 pp vs world54.6%126 of 177 · highest-to-lowest29.0 / 100-1.5 pp vs world19.8%59 of 177 · highest-to-lowest67.0 / 100+3.4 pp vs world101.3%111 of 177 · highest-to-lowest37.5 / 100+0.4 pp vs world
Iceland198073.5%134 of 178 · highest-to-lowest24.9 / 100+0.4 pp vs world54.4%133 of 177 · highest-to-lowest25.0 / 100-2.1 pp vs world19.1%64 of 177 · highest-to-lowest64.2 / 100+2.5 pp vs world102.6%113 of 177 · highest-to-lowest36.4 / 100+1.5 pp vs world
Iceland198175.3%128 of 178 · highest-to-lowest28.2 / 100+1.9 pp vs world55.8%134 of 177 · highest-to-lowest24.4 / 100-0.8 pp vs world19.4%64 of 177 · highest-to-lowest64.2 / 100+2.7 pp vs world104.1%105 of 177 · highest-to-lowest40.9 / 100+3.2 pp vs world
Iceland198277.3%118 of 178 · highest-to-lowest33.9 / 100+2.7 pp vs world56.9%130 of 177 · highest-to-lowest26.7 / 100-0.5 pp vs world20.5%55 of 177 · highest-to-lowest69.3 / 100+3.3 pp vs world107.5%85 of 177 · highest-to-lowest52.3 / 100+6.6 pp vs world
Iceland198377.4%119 of 178 · highest-to-lowest33.3 / 100+2.4 pp vs world56.9%129 of 177 · highest-to-lowest27.3 / 100-1.0 pp vs world20.5%59 of 177 · highest-to-lowest67.0 / 100+3.5 pp vs world100.1%124 of 177 · highest-to-lowest30.1 / 100-0.8 pp vs world
Iceland198477.4%118 of 178 · highest-to-lowest33.9 / 100+3.0 pp vs world58.5%116 of 177 · highest-to-lowest34.7 / 100+0.8 pp vs world18.9%70 of 177 · highest-to-lowest60.8 / 100+2.3 pp vs world102.3%96 of 177 · highest-to-lowest46.0 / 100+1.5 pp vs world
Iceland198579.6%94 of 178 · highest-to-lowest47.5 / 100+4.7 pp vs world59.7%106 of 177 · highest-to-lowest40.3 / 100+1.5 pp vs world19.9%61 of 177 · highest-to-lowest65.9 / 100+3.2 pp vs world101.9%99 of 177 · highest-to-lowest44.3 / 100+1.4 pp vs world
Iceland198678.3%105 of 178 · highest-to-lowest41.2 / 100+3.0 pp vs world57.9%111 of 177 · highest-to-lowest37.5 / 100-0.3 pp vs world20.4%60 of 177 · highest-to-lowest66.5 / 100+3.4 pp vs world98.1%128 of 177 · highest-to-lowest27.8 / 100-2.6 pp vs world
Iceland198781.0%93 of 178 · highest-to-lowest48.0 / 100+5.9 pp vs world59.7%109 of 177 · highest-to-lowest38.6 / 100+1.6 pp vs world21.3%50 of 177 · highest-to-lowest72.2 / 100+4.4 pp vs world103.2%81 of 177 · highest-to-lowest54.5 / 100+2.7 pp vs world
Iceland198880.8%86 of 178 · highest-to-lowest52.0 / 100+6.4 pp vs world58.4%110 of 177 · highest-to-lowest38.1 / 100+0.6 pp vs world22.5%42 of 177 · highest-to-lowest76.7 / 100+5.9 pp vs world103.2%83 of 177 · highest-to-lowest53.4 / 100+2.5 pp vs world
Iceland198979.6%91 of 179 · highest-to-lowest49.4 / 100+5.5 pp vs world57.9%113 of 178 · highest-to-lowest36.7 / 100+0.2 pp vs world21.7%42 of 178 · highest-to-lowest76.8 / 100+5.4 pp vs world99.8%114 of 178 · highest-to-lowest36.2 / 100-0.5 pp vs world
Iceland199078.5%118 of 206 · highest-to-lowest42.9 / 100+3.7 pp vs world56.9%134 of 205 · highest-to-lowest34.8 / 100-1.2 pp vs world21.6%48 of 205 · highest-to-lowest77.0 / 100+5.0 pp vs world98.9%139 of 205 · highest-to-lowest32.4 / 100-1.7 pp vs world
Iceland199180.0%111 of 206 · highest-to-lowest46.3 / 100+4.9 pp vs world57.7%131 of 205 · highest-to-lowest36.3 / 100-0.4 pp vs world22.3%49 of 205 · highest-to-lowest76.5 / 100+5.4 pp vs world101.5%112 of 205 · highest-to-lowest45.6 / 100+1.2 pp vs world
Iceland199280.8%116 of 206 · highest-to-lowest43.9 / 100+5.6 pp vs world57.8%134 of 205 · highest-to-lowest34.8 / 100-0.5 pp vs world23.0%47 of 205 · highest-to-lowest77.5 / 100+6.1 pp vs world100.3%128 of 205 · highest-to-lowest37.7 / 100+0.4 pp vs world
Iceland199378.9%124 of 206 · highest-to-lowest40.0 / 100+3.4 pp vs world55.4%147 of 205 · highest-to-lowest28.4 / 100-3.4 pp vs world23.5%44 of 205 · highest-to-lowest78.9 / 100+6.8 pp vs world97.1%154 of 205 · highest-to-lowest25.0 / 100-2.6 pp vs world
Iceland199477.9%127 of 206 · highest-to-lowest38.5 / 100+2.4 pp vs world54.5%153 of 205 · highest-to-lowest25.5 / 100-4.4 pp vs world23.4%46 of 205 · highest-to-lowest77.9 / 100+6.9 pp vs world95.1%159 of 205 · highest-to-lowest22.5 / 100-4.8 pp vs world
Iceland199579.1%119 of 206 · highest-to-lowest42.4 / 100+4.2 pp vs world55.2%152 of 205 · highest-to-lowest26.0 / 100-3.3 pp vs world23.9%36 of 205 · highest-to-lowest82.8 / 100+7.5 pp vs world96.7%159 of 205 · highest-to-lowest22.5 / 100-2.8 pp vs world
Iceland199679.5%119 of 206 · highest-to-lowest42.4 / 100+4.4 pp vs world55.6%152 of 205 · highest-to-lowest26.0 / 100-3.1 pp vs world23.8%38 of 205 · highest-to-lowest81.9 / 100+7.6 pp vs world99.5%135 of 205 · highest-to-lowest34.3 / 100+0.1 pp vs world
Iceland199778.2%123 of 206 · highest-to-lowest40.5 / 100+3.1 pp vs world55.9%151 of 205 · highest-to-lowest26.5 / 100-3.2 pp vs world22.3%41 of 205 · highest-to-lowest80.4 / 100+6.3 pp vs world99.5%139 of 205 · highest-to-lowest32.4 / 100+0.1 pp vs world
Iceland199878.8%119 of 206 · highest-to-lowest42.4 / 100+3.2 pp vs world56.3%153 of 205 · highest-to-lowest25.5 / 100-3.2 pp vs world22.5%42 of 205 · highest-to-lowest79.9 / 100+6.4 pp vs world104.3%109 of 205 · highest-to-lowest47.1 / 100+4.7 pp vs world
Iceland199981.2%107 of 206 · highest-to-lowest48.3 / 100+5.4 pp vs world58.0%137 of 205 · highest-to-lowest33.3 / 100-1.7 pp vs world23.2%37 of 205 · highest-to-lowest82.4 / 100+7.1 pp vs world104.5%99 of 205 · highest-to-lowest52.0 / 100+4.7 pp vs world
Iceland200082.2%98 of 206 · highest-to-lowest52.7 / 100+6.6 pp vs world58.5%132 of 205 · highest-to-lowest35.8 / 100-1.2 pp vs world23.7%33 of 205 · highest-to-lowest84.3 / 100+7.8 pp vs world106.8%82 of 205 · highest-to-lowest60.3 / 100+6.9 pp vs world
Iceland200178.2%121 of 206 · highest-to-lowest41.5 / 100+1.8 pp vs world54.4%154 of 205 · highest-to-lowest25.0 / 100-5.7 pp vs world23.8%31 of 205 · highest-to-lowest85.3 / 100+7.5 pp vs world100.8%124 of 205 · highest-to-lowest39.7 / 100+0.9 pp vs world
Iceland200278.9%118 of 206 · highest-to-lowest42.9 / 100+2.1 pp vs world53.5%162 of 205 · highest-to-lowest21.1 / 100-6.7 pp vs world25.4%23 of 205 · highest-to-lowest89.2 / 100+8.8 pp vs world98.4%137 of 205 · highest-to-lowest33.3 / 100-1.4 pp vs world
Iceland200381.8%105 of 206 · highest-to-lowest49.3 / 100+5.1 pp vs world55.7%150 of 205 · highest-to-lowest27.0 / 100-4.1 pp vs world26.0%20 of 205 · highest-to-lowest90.7 / 100+9.2 pp vs world102.9%101 of 205 · highest-to-lowest51.0 / 100+3.0 pp vs world
Iceland200481.0%107 of 206 · highest-to-lowest48.3 / 100+5.1 pp vs world55.9%144 of 205 · highest-to-lowest29.9 / 100-3.2 pp vs world25.1%21 of 205 · highest-to-lowest90.2 / 100+8.3 pp vs world105.6%91 of 205 · highest-to-lowest55.9 / 100+5.8 pp vs world
Iceland200582.4%94 of 208 · highest-to-lowest55.1 / 100+7.0 pp vs world57.4%135 of 207 · highest-to-lowest35.0 / 100-1.3 pp vs world25.0%21 of 207 · highest-to-lowest90.3 / 100+8.4 pp vs world111.5%67 of 207 · highest-to-lowest68.0 / 100+11.9 pp vs world
Iceland200680.6%99 of 208 · highest-to-lowest52.7 / 100+6.1 pp vs world55.7%140 of 207 · highest-to-lowest32.5 / 100-2.3 pp vs world24.8%20 of 207 · highest-to-lowest90.8 / 100+8.3 pp vs world116.5%55 of 207 · highest-to-lowest73.8 / 100+17.2 pp vs world
Iceland200779.2%107 of 208 · highest-to-lowest48.8 / 100+5.3 pp vs world54.9%143 of 207 · highest-to-lowest31.1 / 100-2.6 pp vs world24.3%20 of 207 · highest-to-lowest90.8 / 100+7.9 pp vs world108.9%82 of 207 · highest-to-lowest60.7 / 100+9.6 pp vs world
Iceland200876.2%127 of 210 · highest-to-lowest39.7 / 100+2.2 pp vs world51.4%162 of 209 · highest-to-lowest22.6 / 100-5.7 pp vs world24.8%21 of 209 · highest-to-lowest90.4 / 100+8.0 pp vs world102.1%128 of 209 · highest-to-lowest38.9 / 100+2.7 pp vs world
Iceland200977.2%134 of 210 · highest-to-lowest36.4 / 100+1.2 pp vs world51.2%169 of 209 · highest-to-lowest19.2 / 100-6.8 pp vs world26.0%23 of 209 · highest-to-lowest89.4 / 100+8.0 pp vs world92.0%177 of 209 · highest-to-lowest15.4 / 100-7.4 pp vs world
Iceland201076.4%132 of 210 · highest-to-lowest37.3 / 100+1.8 pp vs world51.0%168 of 209 · highest-to-lowest19.7 / 100-6.1 pp vs world25.4%22 of 209 · highest-to-lowest89.9 / 100+8.0 pp vs world90.2%177 of 209 · highest-to-lowest15.4 / 100-8.9 pp vs world
Iceland201176.9%133 of 210 · highest-to-lowest36.8 / 100+3.1 pp vs world51.4%163 of 209 · highest-to-lowest22.1 / 100-5.1 pp vs world25.5%20 of 209 · highest-to-lowest90.9 / 100+8.2 pp vs world92.2%170 of 209 · highest-to-lowest18.8 / 100-6.9 pp vs world
Iceland201278.2%124 of 210 · highest-to-lowest41.1 / 100+4.5 pp vs world52.9%159 of 209 · highest-to-lowest24.0 / 100-3.6 pp vs world25.2%23 of 209 · highest-to-lowest89.4 / 100+8.2 pp vs world94.1%165 of 209 · highest-to-lowest21.2 / 100-5.0 pp vs world
Iceland201377.0%130 of 210 · highest-to-lowest38.3 / 100+3.4 pp vs world52.2%162 of 209 · highest-to-lowest22.6 / 100-4.4 pp vs world24.9%25 of 209 · highest-to-lowest88.5 / 100+7.9 pp vs world92.0%174 of 209 · highest-to-lowest16.8 / 100-7.0 pp vs world
Iceland201476.4%131 of 210 · highest-to-lowest37.8 / 100+2.8 pp vs world51.8%165 of 209 · highest-to-lowest21.2 / 100-4.9 pp vs world24.6%28 of 209 · highest-to-lowest87.0 / 100+7.7 pp vs world93.5%175 of 209 · highest-to-lowest16.3 / 100-5.8 pp vs world
Iceland201573.0%153 of 210 · highest-to-lowest27.3 / 100-0.7 pp vs world49.2%177 of 209 · highest-to-lowest15.4 / 100-7.9 pp vs world23.9%32 of 209 · highest-to-lowest85.1 / 100+7.2 pp vs world92.2%182 of 209 · highest-to-lowest13.0 / 100-7.3 pp vs world
Iceland201672.0%157 of 210 · highest-to-lowest25.4 / 100-1.9 pp vs world48.6%177 of 209 · highest-to-lowest15.4 / 100-8.7 pp vs world23.4%35 of 209 · highest-to-lowest83.7 / 100+6.8 pp vs world92.8%181 of 209 · highest-to-lowest13.5 / 100-6.5 pp vs world
Iceland201773.4%146 of 210 · highest-to-lowest30.6 / 100+0.1 pp vs world49.5%172 of 209 · highest-to-lowest17.8 / 100-7.4 pp vs world24.0%30 of 209 · highest-to-lowest86.1 / 100+7.6 pp vs world95.0%167 of 209 · highest-to-lowest20.2 / 100-4.2 pp vs world
Iceland201873.8%141 of 210 · highest-to-lowest33.0 / 100+1.0 pp vs world49.5%169 of 209 · highest-to-lowest19.2 / 100-6.8 pp vs world24.3%22 of 209 · highest-to-lowest89.9 / 100+7.8 pp vs world96.0%161 of 209 · highest-to-lowest23.1 / 100-3.1 pp vs world
Iceland201974.2%142 of 210 · highest-to-lowest32.5 / 100+1.1 pp vs world49.4%172 of 209 · highest-to-lowest17.8 / 100-7.0 pp vs world24.8%23 of 209 · highest-to-lowest89.4 / 100+8.2 pp vs world94.4%166 of 209 · highest-to-lowest20.7 / 100-5.1 pp vs world
Iceland202079.3%119 of 210 · highest-to-lowest43.5 / 100+6.1 pp vs world51.2%162 of 209 · highest-to-lowest22.6 / 100-4.2 pp vs world28.1%20 of 209 · highest-to-lowest90.9 / 100+10.3 pp vs world100.4%128 of 209 · highest-to-lowest38.9 / 100+0.9 pp vs world
Iceland202178.7%112 of 210 · highest-to-lowest46.9 / 100+6.7 pp vs world51.2%157 of 209 · highest-to-lowest25.0 / 100-3.7 pp vs world27.4%17 of 209 · highest-to-lowest92.3 / 100+10.5 pp vs world101.5%111 of 209 · highest-to-lowest47.1 / 100+2.5 pp vs world
Iceland202275.3%134 of 210 · highest-to-lowest36.4 / 100+3.4 pp vs world49.8%164 of 209 · highest-to-lowest21.6 / 100-5.8 pp vs world25.6%21 of 209 · highest-to-lowest90.4 / 100+9.2 pp vs world99.6%136 of 209 · highest-to-lowest35.1 / 100+0.4 pp vs world
Iceland202373.9%147 of 210 · highest-to-lowest30.1 / 100+0.9 pp vs world48.7%174 of 209 · highest-to-lowest16.8 / 100-7.7 pp vs world25.2%22 of 209 · highest-to-lowest89.9 / 100+8.7 pp vs world99.3%130 of 209 · highest-to-lowest38.0 / 100+0.0 pp vs world
Iceland202475.0%141 of 210 · highest-to-lowest33.0 / 100+1.8 pp vs world49.1%174 of 209 · highest-to-lowest16.8 / 100-7.6 pp vs world25.9%24 of 209 · highest-to-lowest88.9 / 100+9.3 pp vs world101.3%112 of 209 · highest-to-lowest46.6 / 100+2.1 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Parent aggregates and their components should not be added together. Shares describe composition, not the quality of spending.

Latest common comparison

Europe74.5%2024
Northern Europe74.0%2024
World73.2%2024

06 · Investment and capital formation

How much current output is directed toward capital formation?

Gross capital formation combines fixed investment and inventory change as shares of GDP.

Full historical record

Gross Capital Formation

Gross capital formation combines fixed investment and inventory change as shares of GDP.

Iceland is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Gross Capital Formation across the full available AMA record, divided into three labeled analytical periods.1970–19901990–20102010–202439.132.826.520.113.81970198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

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Formation1970–1990

26.9% → 20.4%

Percentage-point change: -6.5 pp
Integration1990–2010

20.4% → 13.8%

Percentage-point change: -6.6 pp
Current era2010–2024

13.8% → 26.3%

Percentage-point change: +12.4 pp
Gross capital formation26.3%2024 · Published series · World rank 65 of 209 · highest-to-lowest
Gross fixed capital formation26.8%2024 · Published series · World rank 50 of 209 · highest-to-lowest
Changes in inventories-0.5%2024 · Published series · World rank 135 of 163 · highest-to-lowest
Investment and capital formation: annual rates, ranks and comparison indices55 annual rows

Annual non-duplicative measures used in the investment and capital formation section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Investment and capital formation: annual rates, ranks and comparison indices
Iceland197026.9%59 of 177 · highest-to-lowest67.0 / 100-0.9 pp vs world27.7%43 of 177 · highest-to-lowest76.1 / 100+4.8 pp vs world-0.9%123 of 137 · highest-to-lowest10.3 / 100-5.7 pp vs world
Iceland197135.9%23 of 177 · highest-to-lowest87.5 / 100+8.5 pp vs world33.4%25 of 177 · highest-to-lowest86.4 / 100+10.2 pp vs world2.5%47 of 137 · highest-to-lowest66.2 / 100-1.7 pp vs world
Iceland197230.6%40 of 177 · highest-to-lowest77.8 / 100+3.3 pp vs world32.4%26 of 177 · highest-to-lowest85.8 / 100+5.9 pp vs world-1.8%124 of 138 · highest-to-lowest10.2 / 100-2.6 pp vs world
Iceland197334.8%24 of 177 · highest-to-lowest86.9 / 100+6.2 pp vs world35.4%17 of 177 · highest-to-lowest90.9 / 100+8.2 pp vs world-0.5%118 of 140 · highest-to-lowest15.8 / 100-1.9 pp vs world
Iceland197439.1%16 of 177 · highest-to-lowest91.5 / 100+10.6 pp vs world37.4%16 of 177 · highest-to-lowest91.5 / 100+10.9 pp vs world1.7%83 of 138 · highest-to-lowest40.1 / 100-0.3 pp vs world
Iceland197538.2%19 of 177 · highest-to-lowest89.8 / 100+11.3 pp vs world36.4%17 of 177 · highest-to-lowest90.9 / 100+10.0 pp vs world1.7%61 of 140 · highest-to-lowest56.8 / 100+1.3 pp vs world
Iceland197631.0%45 of 177 · highest-to-lowest75.0 / 100+2.9 pp vs world31.8%33 of 177 · highest-to-lowest81.8 / 100+4.9 pp vs world-0.8%116 of 139 · highest-to-lowest16.7 / 100-2.0 pp vs world
Iceland197732.3%40 of 177 · highest-to-lowest77.8 / 100+4.0 pp vs world30.8%37 of 177 · highest-to-lowest79.5 / 100+3.5 pp vs world1.5%61 of 139 · highest-to-lowest56.5 / 100+0.4 pp vs world
Iceland197826.7%69 of 177 · highest-to-lowest61.4 / 100-1.8 pp vs world27.5%53 of 177 · highest-to-lowest70.5 / 100-0.1 pp vs world-0.8%115 of 139 · highest-to-lowest17.4 / 100-1.7 pp vs world
Iceland197927.0%73 of 177 · highest-to-lowest59.1 / 100-1.3 pp vs world26.5%63 of 177 · highest-to-lowest64.8 / 100-0.7 pp vs world0.4%100 of 142 · highest-to-lowest29.8 / 100-0.6 pp vs world
Iceland198029.1%58 of 177 · highest-to-lowest67.6 / 100+1.1 pp vs world28.7%47 of 177 · highest-to-lowest73.9 / 100+1.6 pp vs world0.4%101 of 143 · highest-to-lowest29.6 / 100-0.5 pp vs world
Iceland198128.8%58 of 177 · highest-to-lowest67.6 / 100+1.3 pp vs world27.9%58 of 177 · highest-to-lowest67.6 / 100+1.1 pp vs world1.0%75 of 144 · highest-to-lowest48.3 / 100+0.2 pp vs world
Iceland198230.2%47 of 177 · highest-to-lowest73.9 / 100+3.9 pp vs world27.8%57 of 177 · highest-to-lowest68.2 / 100+1.6 pp vs world2.4%35 of 145 · highest-to-lowest76.4 / 100+2.3 pp vs world
Iceland198322.6%81 of 177 · highest-to-lowest54.5 / 100-3.2 pp vs world24.4%65 of 177 · highest-to-lowest63.6 / 100-1.2 pp vs world-1.8%125 of 146 · highest-to-lowest14.5 / 100-2.0 pp vs world
Iceland198424.9%63 of 177 · highest-to-lowest64.8 / 100-1.5 pp vs world24.1%61 of 177 · highest-to-lowest65.9 / 100-1.2 pp vs world0.8%77 of 147 · highest-to-lowest47.9 / 100-0.3 pp vs world
Iceland198522.3%79 of 177 · highest-to-lowest55.7 / 100-3.4 pp vs world23.3%64 of 177 · highest-to-lowest64.2 / 100-1.5 pp vs world-1.0%127 of 148 · highest-to-lowest14.3 / 100-1.8 pp vs world
Iceland198619.8%106 of 177 · highest-to-lowest40.3 / 100-5.6 pp vs world21.3%85 of 177 · highest-to-lowest52.3 / 100-3.6 pp vs world-1.5%135 of 148 · highest-to-lowest8.8 / 100-2.0 pp vs world
Iceland198722.3%86 of 177 · highest-to-lowest51.7 / 100-3.2 pp vs world22.6%72 of 177 · highest-to-lowest59.7 / 100-2.3 pp vs world-0.3%119 of 151 · highest-to-lowest21.3 / 100-0.9 pp vs world
Iceland198822.4%89 of 177 · highest-to-lowest50.0 / 100-3.9 pp vs world21.7%93 of 177 · highest-to-lowest47.7 / 100-3.7 pp vs world0.7%82 of 151 · highest-to-lowest46.0 / 100-0.2 pp vs world
Iceland198920.2%114 of 178 · highest-to-lowest36.2 / 100-6.0 pp vs world20.5%107 of 178 · highest-to-lowest40.1 / 100-4.5 pp vs world-0.3%125 of 152 · highest-to-lowest17.9 / 100-1.4 pp vs world
Iceland199020.4%128 of 205 · highest-to-lowest37.7 / 100-5.4 pp vs world21.0%115 of 205 · highest-to-lowest44.1 / 100-4.0 pp vs world-0.6%145 of 174 · highest-to-lowest16.8 / 100-1.3 pp vs world
Iceland199121.5%112 of 205 · highest-to-lowest45.6 / 100-3.7 pp vs world21.3%107 of 205 · highest-to-lowest48.0 / 100-3.0 pp vs world0.2%115 of 172 · highest-to-lowest33.3 / 100-0.7 pp vs world
Iceland199219.5%128 of 205 · highest-to-lowest37.7 / 100-5.2 pp vs world19.5%117 of 205 · highest-to-lowest43.1 / 100-4.4 pp vs world-0.1%124 of 167 · highest-to-lowest25.9 / 100-0.8 pp vs world
Iceland199318.2%136 of 205 · highest-to-lowest33.8 / 100-6.0 pp vs world17.7%141 of 205 · highest-to-lowest31.4 / 100-6.0 pp vs world0.5%87 of 170 · highest-to-lowest49.1 / 100+0.0 pp vs world
Iceland199417.2%158 of 205 · highest-to-lowest23.0 / 100-7.2 pp vs world17.2%148 of 205 · highest-to-lowest27.9 / 100-6.4 pp vs world-0.0%131 of 170 · highest-to-lowest23.1 / 100-0.8 pp vs world
Iceland199517.6%157 of 205 · highest-to-lowest23.5 / 100-7.0 pp vs world16.9%152 of 205 · highest-to-lowest26.0 / 100-6.7 pp vs world0.6%101 of 171 · highest-to-lowest41.2 / 100-0.2 pp vs world
Iceland199620.1%127 of 205 · highest-to-lowest38.2 / 100-4.4 pp vs world20.1%119 of 205 · highest-to-lowest42.2 / 100-3.7 pp vs world0.0%132 of 171 · highest-to-lowest22.9 / 100-0.7 pp vs world
Iceland199721.4%119 of 205 · highest-to-lowest42.2 / 100-3.0 pp vs world21.3%113 of 205 · highest-to-lowest45.1 / 100-2.1 pp vs world0.0%135 of 172 · highest-to-lowest21.6 / 100-0.9 pp vs world
Iceland199825.5%82 of 205 · highest-to-lowest60.3 / 100+1.5 pp vs world25.3%70 of 205 · highest-to-lowest66.2 / 100+1.9 pp vs world0.1%119 of 168 · highest-to-lowest29.3 / 100-0.5 pp vs world
Iceland199923.2%92 of 205 · highest-to-lowest55.4 / 100-0.7 pp vs world23.2%86 of 205 · highest-to-lowest58.3 / 100-0.3 pp vs world0.0%113 of 168 · highest-to-lowest32.9 / 100-0.4 pp vs world
Iceland200024.6%74 of 205 · highest-to-lowest64.2 / 100+0.3 pp vs world24.2%62 of 205 · highest-to-lowest70.1 / 100+0.6 pp vs world0.4%117 of 170 · highest-to-lowest31.4 / 100-0.3 pp vs world
Iceland200122.7%103 of 205 · highest-to-lowest50.0 / 100-0.9 pp vs world22.9%82 of 205 · highest-to-lowest60.3 / 100-0.4 pp vs world-0.3%142 of 172 · highest-to-lowest17.5 / 100-0.5 pp vs world
Iceland200219.5%147 of 205 · highest-to-lowest28.4 / 100-3.5 pp vs world19.6%129 of 205 · highest-to-lowest37.3 / 100-3.1 pp vs world-0.1%142 of 175 · highest-to-lowest19.0 / 100-0.4 pp vs world
Iceland200321.1%125 of 205 · highest-to-lowest39.2 / 100-2.0 pp vs world21.2%104 of 205 · highest-to-lowest49.5 / 100-1.6 pp vs world-0.1%146 of 174 · highest-to-lowest16.2 / 100-0.5 pp vs world
Iceland200424.6%76 of 205 · highest-to-lowest63.2 / 100+0.7 pp vs world24.6%65 of 205 · highest-to-lowest68.6 / 100+1.5 pp vs world-0.0%148 of 178 · highest-to-lowest16.9 / 100-0.8 pp vs world
Iceland200529.1%47 of 207 · highest-to-lowest77.7 / 100+4.9 pp vs world29.1%32 of 207 · highest-to-lowest85.0 / 100+5.5 pp vs world0.0%150 of 178 · highest-to-lowest15.8 / 100-0.6 pp vs world
Iceland200636.0%19 of 207 · highest-to-lowest91.3 / 100+11.1 pp vs world35.0%19 of 207 · highest-to-lowest91.3 / 100+11.0 pp vs world1.0%82 of 180 · highest-to-lowest54.7 / 100+0.2 pp vs world
Iceland200729.7%58 of 207 · highest-to-lowest72.3 / 100+4.4 pp vs world29.0%50 of 207 · highest-to-lowest76.2 / 100+4.7 pp vs world0.6%104 of 179 · highest-to-lowest42.1 / 100-0.4 pp vs world
Iceland200825.9%101 of 209 · highest-to-lowest51.9 / 100+0.5 pp vs world25.1%87 of 209 · highest-to-lowest58.7 / 100+0.7 pp vs world0.8%99 of 180 · highest-to-lowest45.3 / 100-0.2 pp vs world
Iceland200914.8%184 of 209 · highest-to-lowest12.0 / 100-8.6 pp vs world15.3%185 of 209 · highest-to-lowest11.5 / 100-8.4 pp vs world-0.5%119 of 179 · highest-to-lowest33.7 / 100-0.2 pp vs world
Iceland201013.8%195 of 209 · highest-to-lowest6.7 / 100-10.7 pp vs world13.9%193 of 209 · highest-to-lowest7.7 / 100-9.6 pp vs world-0.1%146 of 178 · highest-to-lowest18.1 / 100-1.1 pp vs world
Iceland201115.3%185 of 209 · highest-to-lowest11.5 / 100-10.0 pp vs world15.2%182 of 209 · highest-to-lowest13.0 / 100-8.9 pp vs world0.1%138 of 179 · highest-to-lowest23.0 / 100-1.1 pp vs world
Iceland201215.9%177 of 209 · highest-to-lowest15.4 / 100-9.5 pp vs world15.8%177 of 209 · highest-to-lowest15.4 / 100-8.7 pp vs world0.1%131 of 178 · highest-to-lowest26.6 / 100-0.8 pp vs world
Iceland201315.0%180 of 209 · highest-to-lowest13.9 / 100-10.4 pp vs world15.4%179 of 209 · highest-to-lowest14.4 / 100-9.1 pp vs world-0.4%153 of 176 · highest-to-lowest13.1 / 100-1.3 pp vs world
Iceland201417.1%167 of 209 · highest-to-lowest20.2 / 100-8.7 pp vs world17.0%166 of 209 · highest-to-lowest20.7 / 100-7.8 pp vs world0.1%136 of 175 · highest-to-lowest22.4 / 100-0.8 pp vs world
Iceland201519.2%158 of 209 · highest-to-lowest24.5 / 100-6.6 pp vs world19.1%152 of 209 · highest-to-lowest27.4 / 100-5.9 pp vs world0.1%129 of 176 · highest-to-lowest26.9 / 100-0.6 pp vs world
Iceland201620.8%132 of 209 · highest-to-lowest37.0 / 100-4.6 pp vs world20.7%126 of 209 · highest-to-lowest39.9 / 100-4.2 pp vs world0.1%122 of 176 · highest-to-lowest30.9 / 100-0.3 pp vs world
Iceland201721.6%122 of 209 · highest-to-lowest41.8 / 100-4.3 pp vs world21.5%112 of 209 · highest-to-lowest46.6 / 100-3.6 pp vs world0.0%144 of 175 · highest-to-lowest17.8 / 100-0.7 pp vs world
Iceland201822.2%120 of 209 · highest-to-lowest42.8 / 100-4.1 pp vs world21.7%108 of 209 · highest-to-lowest48.6 / 100-4.0 pp vs world0.5%107 of 175 · highest-to-lowest39.1 / 100-0.2 pp vs world
Iceland201920.2%146 of 209 · highest-to-lowest30.3 / 100-6.2 pp vs world20.6%131 of 209 · highest-to-lowest37.5 / 100-5.3 pp vs world-0.4%158 of 174 · highest-to-lowest9.2 / 100-0.9 pp vs world
Iceland202021.0%120 of 209 · highest-to-lowest42.8 / 100-5.2 pp vs world21.0%114 of 209 · highest-to-lowest45.7 / 100-5.0 pp vs world0.0%112 of 173 · highest-to-lowest35.5 / 100-0.3 pp vs world
Iceland202122.8%112 of 209 · highest-to-lowest46.6 / 100-4.2 pp vs world22.5%107 of 209 · highest-to-lowest49.0 / 100-3.6 pp vs world0.3%124 of 171 · highest-to-lowest27.6 / 100-0.6 pp vs world
Iceland202224.3%101 of 209 · highest-to-lowest51.9 / 100-3.0 pp vs world23.8%81 of 209 · highest-to-lowest61.5 / 100-2.2 pp vs world0.5%117 of 170 · highest-to-lowest31.4 / 100-0.8 pp vs world
Iceland202325.4%74 of 209 · highest-to-lowest64.9 / 100-0.9 pp vs world24.9%65 of 209 · highest-to-lowest69.2 / 100-0.9 pp vs world0.5%80 of 169 · highest-to-lowest53.0 / 100-0.0 pp vs world
Iceland202426.3%65 of 209 · highest-to-lowest69.2 / 100+0.3 pp vs world26.8%50 of 209 · highest-to-lowest76.4 / 100+1.4 pp vs world-0.5%135 of 163 · highest-to-lowest17.3 / 100-1.1 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

A larger investment share is not automatically better; depreciation, utilization and project quality are outside this accounting measure.

Latest common comparison

Europe21.8%2024
Northern Europe20.5%2024
World26.0%2024

07 · Trade structure and external balance

How exposed is the economy to trade, and what is the external balance?

Exports, imports, openness and net exports distinguish exposure from surplus or deficit.

Full historical record

Trade openness

Exports, imports, openness and net exports distinguish exposure from surplus or deficit.

Iceland is shown against compatible UN benchmarks. The three fixed eras are labeled on the chart and summarized below.

Trade openness across the full available AMA record, divided into three labeled analytical periods.1970–19901990–20102010–2024102.482.562.542.522.51970198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

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Trade openness and UN benchmarks

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Formation1970–1990

84.1% → 62.9%

Percentage-point change: -21.2 pp
Integration1990–2010

62.9% → 92.5%

Percentage-point change: +29.6 pp
Current era2010–2024

92.5% → 86.1%

Percentage-point change: -6.4 pp
Exports42.4%2024 · Published series · World rank 81 of 210 · highest-to-lowest
Imports43.7%2024 · Published series · World rank 107 of 210 · highest-to-lowest
Net exports-1.3%2024 · Derived measure · World rank 99 of 210 · highest-to-lowest
Trade openness86.1%2024 · Derived measure · World rank 98 of 210 · highest-to-lowest
Trade structure and external balance: annual rates, ranks and comparison indices55 annual rows

Annual non-duplicative measures used in the trade structure and external balance section. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Trade structure and external balance: annual rates, ranks and comparison indices
Iceland197042.8%48 of 178 · highest-to-lowest73.4 / 100+31.6 pp vs world41.3%71 of 178 · highest-to-lowest60.5 / 100+30.1 pp vs world1.5%39 of 178 · highest-to-lowest78.5 / 100+1.5 pp vs world84.1%59 of 178 · highest-to-lowest67.2 / 100+61.6 pp vs world
Iceland197135.6%61 of 178 · highest-to-lowest66.1 / 100+24.2 pp vs world41.9%64 of 178 · highest-to-lowest64.4 / 100+30.5 pp vs world-6.3%110 of 178 · highest-to-lowest38.4 / 100-6.3 pp vs world77.5%69 of 178 · highest-to-lowest61.6 / 100+54.7 pp vs world
Iceland197233.3%69 of 178 · highest-to-lowest61.6 / 100+21.5 pp vs world35.1%79 of 178 · highest-to-lowest55.9 / 100+23.5 pp vs world-1.8%88 of 178 · highest-to-lowest50.8 / 100-2.0 pp vs world68.5%82 of 178 · highest-to-lowest54.2 / 100+45.1 pp vs world
Iceland197333.9%71 of 178 · highest-to-lowest60.5 / 100+20.6 pp vs world35.9%82 of 178 · highest-to-lowest54.2 / 100+22.9 pp vs world-2.1%90 of 178 · highest-to-lowest49.7 / 100-2.3 pp vs world69.8%83 of 178 · highest-to-lowest53.7 / 100+43.6 pp vs world
Iceland197429.9%88 of 178 · highest-to-lowest50.8 / 100+13.8 pp vs world39.3%77 of 178 · highest-to-lowest57.1 / 100+23.2 pp vs world-9.4%122 of 178 · highest-to-lowest31.6 / 100-9.4 pp vs world69.2%89 of 178 · highest-to-lowest50.3 / 100+37.0 pp vs world
Iceland197531.7%78 of 178 · highest-to-lowest56.5 / 100+16.5 pp vs world39.8%79 of 178 · highest-to-lowest55.9 / 100+24.6 pp vs world-8.1%113 of 178 · highest-to-lowest36.7 / 100-8.1 pp vs world71.4%85 of 178 · highest-to-lowest52.5 / 100+41.0 pp vs world
Iceland197632.9%78 of 178 · highest-to-lowest56.5 / 100+17.1 pp vs world32.6%98 of 178 · highest-to-lowest45.2 / 100+16.8 pp vs world0.3%46 of 178 · highest-to-lowest74.6 / 100+0.3 pp vs world65.5%92 of 178 · highest-to-lowest48.6 / 100+34.0 pp vs world
Iceland197731.3%80 of 178 · highest-to-lowest55.4 / 100+15.5 pp vs world32.2%105 of 178 · highest-to-lowest41.2 / 100+16.1 pp vs world-0.8%62 of 178 · highest-to-lowest65.5 / 100-0.5 pp vs world63.5%94 of 178 · highest-to-lowest47.5 / 100+31.6 pp vs world
Iceland197834.8%69 of 178 · highest-to-lowest61.6 / 100+19.3 pp vs world32.0%101 of 178 · highest-to-lowest43.5 / 100+16.3 pp vs world2.7%29 of 178 · highest-to-lowest84.2 / 100+3.0 pp vs world66.8%88 of 178 · highest-to-lowest50.8 / 100+35.5 pp vs world
Iceland197936.1%70 of 178 · highest-to-lowest61.0 / 100+19.2 pp vs world35.1%91 of 178 · highest-to-lowest49.2 / 100+18.0 pp vs world1.0%45 of 178 · highest-to-lowest75.1 / 100+1.2 pp vs world71.2%87 of 178 · highest-to-lowest51.4 / 100+37.2 pp vs world
Iceland198033.8%77 of 178 · highest-to-lowest57.1 / 100+15.5 pp vs world33.9%98 of 178 · highest-to-lowest45.2 / 100+15.3 pp vs world-0.1%42 of 178 · highest-to-lowest76.8 / 100+0.2 pp vs world67.7%92 of 178 · highest-to-lowest48.6 / 100+30.8 pp vs world
Iceland198133.0%81 of 178 · highest-to-lowest54.8 / 100+14.9 pp vs world34.5%99 of 178 · highest-to-lowest44.6 / 100+16.1 pp vs world-1.5%48 of 178 · highest-to-lowest73.4 / 100-1.2 pp vs world67.4%94 of 178 · highest-to-lowest47.5 / 100+31.0 pp vs world
Iceland198230.6%77 of 178 · highest-to-lowest57.1 / 100+13.7 pp vs world35.2%92 of 178 · highest-to-lowest48.6 / 100+17.9 pp vs world-4.6%83 of 178 · highest-to-lowest53.7 / 100-4.2 pp vs world65.9%90 of 178 · highest-to-lowest49.7 / 100+31.5 pp vs world
Iceland198337.8%59 of 178 · highest-to-lowest67.2 / 100+21.3 pp vs world35.8%85 of 178 · highest-to-lowest52.5 / 100+19.1 pp vs world1.9%34 of 178 · highest-to-lowest81.4 / 100+2.3 pp vs world73.6%75 of 178 · highest-to-lowest58.2 / 100+40.4 pp vs world
Iceland198436.2%71 of 178 · highest-to-lowest60.5 / 100+19.3 pp vs world36.3%84 of 178 · highest-to-lowest53.1 / 100+19.2 pp vs world-0.2%64 of 178 · highest-to-lowest64.4 / 100+0.1 pp vs world72.5%81 of 178 · highest-to-lowest54.8 / 100+38.5 pp vs world
Iceland198538.3%64 of 178 · highest-to-lowest64.4 / 100+21.8 pp vs world38.3%80 of 178 · highest-to-lowest55.4 / 100+21.6 pp vs world0.0%62 of 178 · highest-to-lowest65.5 / 100+0.2 pp vs world76.6%74 of 178 · highest-to-lowest58.8 / 100+43.4 pp vs world
Iceland198636.7%59 of 178 · highest-to-lowest67.2 / 100+20.9 pp vs world33.2%87 of 178 · highest-to-lowest51.4 / 100+17.1 pp vs world3.6%28 of 178 · highest-to-lowest84.7 / 100+3.8 pp vs world69.9%77 of 178 · highest-to-lowest57.1 / 100+38.0 pp vs world
Iceland198732.6%69 of 178 · highest-to-lowest61.6 / 100+16.1 pp vs world33.7%85 of 178 · highest-to-lowest52.5 / 100+17.1 pp vs world-1.1%80 of 178 · highest-to-lowest55.4 / 100-1.0 pp vs world66.4%78 of 178 · highest-to-lowest56.5 / 100+33.2 pp vs world
Iceland198830.2%81 of 178 · highest-to-lowest54.8 / 100+13.3 pp vs world31.2%98 of 178 · highest-to-lowest45.2 / 100+14.0 pp vs world-1.0%75 of 178 · highest-to-lowest58.2 / 100-0.7 pp vs world61.4%92 of 178 · highest-to-lowest48.6 / 100+27.3 pp vs world
Iceland198931.9%79 of 179 · highest-to-lowest56.2 / 100+14.5 pp vs world29.9%101 of 179 · highest-to-lowest43.8 / 100+12.1 pp vs world2.0%51 of 179 · highest-to-lowest71.9 / 100+2.3 pp vs world61.8%92 of 179 · highest-to-lowest48.9 / 100+26.6 pp vs world
Iceland199032.0%87 of 206 · highest-to-lowest58.0 / 100+13.1 pp vs world30.9%116 of 206 · highest-to-lowest43.9 / 100+11.7 pp vs world1.1%57 of 206 · highest-to-lowest72.7 / 100+1.4 pp vs world62.9%106 of 206 · highest-to-lowest48.8 / 100+24.8 pp vs world
Iceland199129.8%89 of 206 · highest-to-lowest57.1 / 100+11.2 pp vs world31.1%111 of 206 · highest-to-lowest46.3 / 100+12.4 pp vs world-1.3%84 of 206 · highest-to-lowest59.5 / 100-1.2 pp vs world60.9%106 of 206 · highest-to-lowest48.8 / 100+23.6 pp vs world
Iceland199228.8%98 of 206 · highest-to-lowest52.7 / 100+9.1 pp vs world29.0%130 of 206 · highest-to-lowest37.1 / 100+9.6 pp vs world-0.2%68 of 206 · highest-to-lowest67.3 / 100-0.5 pp vs world57.9%119 of 206 · highest-to-lowest42.4 / 100+18.7 pp vs world
Iceland199331.2%94 of 206 · highest-to-lowest54.6 / 100+12.4 pp vs world28.3%141 of 206 · highest-to-lowest31.7 / 100+10.0 pp vs world2.9%49 of 206 · highest-to-lowest76.6 / 100+2.5 pp vs world59.5%118 of 206 · highest-to-lowest42.9 / 100+22.4 pp vs world
Iceland199434.0%88 of 206 · highest-to-lowest57.6 / 100+14.6 pp vs world29.2%136 of 206 · highest-to-lowest34.1 / 100+10.3 pp vs world4.8%36 of 206 · highest-to-lowest82.9 / 100+4.3 pp vs world63.3%120 of 206 · highest-to-lowest42.0 / 100+24.9 pp vs world
Iceland199533.8%91 of 206 · highest-to-lowest56.1 / 100+13.2 pp vs world30.5%137 of 206 · highest-to-lowest33.7 / 100+10.3 pp vs world3.3%43 of 206 · highest-to-lowest79.5 / 100+2.9 pp vs world64.3%120 of 206 · highest-to-lowest42.0 / 100+23.5 pp vs world
Iceland199634.6%92 of 206 · highest-to-lowest55.6 / 100+13.5 pp vs world34.1%125 of 206 · highest-to-lowest39.5 / 100+13.4 pp vs world0.5%67 of 206 · highest-to-lowest67.8 / 100+0.0 pp vs world68.7%113 of 206 · highest-to-lowest45.4 / 100+26.9 pp vs world
Iceland199734.9%95 of 206 · highest-to-lowest54.1 / 100+12.9 pp vs world34.4%129 of 206 · highest-to-lowest37.6 / 100+12.9 pp vs world0.5%65 of 206 · highest-to-lowest68.8 / 100-0.1 pp vs world69.3%113 of 206 · highest-to-lowest45.4 / 100+25.8 pp vs world
Iceland199833.2%97 of 206 · highest-to-lowest53.2 / 100+11.4 pp vs world37.5%118 of 206 · highest-to-lowest42.9 / 100+16.1 pp vs world-4.3%94 of 206 · highest-to-lowest54.6 / 100-4.6 pp vs world70.8%112 of 206 · highest-to-lowest45.9 / 100+27.5 pp vs world
Iceland199932.0%103 of 206 · highest-to-lowest50.2 / 100+10.2 pp vs world36.5%120 of 206 · highest-to-lowest42.0 / 100+14.9 pp vs world-4.5%107 of 206 · highest-to-lowest48.3 / 100-4.7 pp vs world68.5%114 of 206 · highest-to-lowest44.9 / 100+25.1 pp vs world
Iceland200031.7%116 of 206 · highest-to-lowest43.9 / 100+8.2 pp vs world38.5%114 of 206 · highest-to-lowest44.9 / 100+15.1 pp vs world-6.8%126 of 206 · highest-to-lowest39.0 / 100-6.9 pp vs world70.2%118 of 206 · highest-to-lowest42.9 / 100+23.3 pp vs world
Iceland200136.5%95 of 206 · highest-to-lowest54.1 / 100+13.6 pp vs world37.4%116 of 206 · highest-to-lowest43.9 / 100+14.4 pp vs world-0.8%76 of 206 · highest-to-lowest63.4 / 100-0.8 pp vs world73.9%103 of 206 · highest-to-lowest50.2 / 100+28.0 pp vs world
Iceland200235.1%97 of 206 · highest-to-lowest53.2 / 100+12.0 pp vs world33.6%129 of 206 · highest-to-lowest37.6 / 100+10.6 pp vs world1.6%69 of 206 · highest-to-lowest66.8 / 100+1.4 pp vs world68.7%119 of 206 · highest-to-lowest42.4 / 100+22.5 pp vs world
Iceland200332.2%110 of 206 · highest-to-lowest46.8 / 100+8.3 pp vs world35.2%123 of 206 · highest-to-lowest40.5 / 100+11.4 pp vs world-2.9%99 of 206 · highest-to-lowest52.2 / 100-3.1 pp vs world67.4%123 of 206 · highest-to-lowest40.5 / 100+19.7 pp vs world
Iceland200432.1%120 of 206 · highest-to-lowest42.0 / 100+6.3 pp vs world37.6%123 of 206 · highest-to-lowest40.5 / 100+12.2 pp vs world-5.6%111 of 206 · highest-to-lowest46.3 / 100-5.9 pp vs world69.7%130 of 206 · highest-to-lowest37.1 / 100+18.5 pp vs world
Iceland200529.8%131 of 208 · highest-to-lowest37.2 / 100+2.8 pp vs world41.4%110 of 208 · highest-to-lowest47.3 / 100+14.7 pp vs world-11.5%141 of 208 · highest-to-lowest32.4 / 100-11.9 pp vs world71.2%126 of 208 · highest-to-lowest39.6 / 100+17.5 pp vs world
Iceland200630.1%132 of 208 · highest-to-lowest36.7 / 100+1.3 pp vs world46.6%93 of 208 · highest-to-lowest55.6 / 100+18.5 pp vs world-16.5%154 of 208 · highest-to-lowest26.1 / 100-17.2 pp vs world76.6%120 of 208 · highest-to-lowest42.5 / 100+19.9 pp vs world
Iceland200732.4%119 of 208 · highest-to-lowest43.0 / 100+2.8 pp vs world41.2%112 of 208 · highest-to-lowest46.4 / 100+12.4 pp vs world-8.9%124 of 208 · highest-to-lowest40.6 / 100-9.6 pp vs world73.6%127 of 208 · highest-to-lowest39.1 / 100+15.2 pp vs world
Iceland200839.9%96 of 210 · highest-to-lowest54.5 / 100+9.0 pp vs world42.0%111 of 210 · highest-to-lowest47.4 / 100+11.8 pp vs world-2.1%80 of 210 · highest-to-lowest62.2 / 100-2.8 pp vs world81.9%116 of 210 · highest-to-lowest45.0 / 100+20.7 pp vs world
Iceland200948.5%58 of 210 · highest-to-lowest72.7 / 100+22.2 pp vs world40.5%110 of 210 · highest-to-lowest47.8 / 100+14.9 pp vs world8.0%32 of 210 · highest-to-lowest85.2 / 100+7.4 pp vs world89.0%78 of 210 · highest-to-lowest63.2 / 100+37.1 pp vs world
Iceland201051.1%55 of 210 · highest-to-lowest74.2 / 100+22.6 pp vs world41.3%109 of 210 · highest-to-lowest48.3 / 100+13.7 pp vs world9.8%32 of 210 · highest-to-lowest85.2 / 100+8.9 pp vs world92.5%83 of 210 · highest-to-lowest60.8 / 100+36.3 pp vs world
Iceland201154.0%59 of 210 · highest-to-lowest72.2 / 100+23.6 pp vs world46.2%104 of 210 · highest-to-lowest50.7 / 100+16.7 pp vs world7.8%40 of 210 · highest-to-lowest81.3 / 100+6.9 pp vs world100.1%76 of 210 · highest-to-lowest64.1 / 100+40.3 pp vs world
Iceland201254.2%56 of 210 · highest-to-lowest73.7 / 100+24.0 pp vs world48.2%96 of 210 · highest-to-lowest54.5 / 100+19.1 pp vs world5.9%44 of 210 · highest-to-lowest79.4 / 100+5.0 pp vs world102.4%75 of 210 · highest-to-lowest64.6 / 100+43.1 pp vs world
Iceland201352.8%56 of 210 · highest-to-lowest73.7 / 100+22.7 pp vs world44.9%104 of 210 · highest-to-lowest50.7 / 100+15.8 pp vs world8.0%36 of 210 · highest-to-lowest83.3 / 100+6.9 pp vs world97.7%75 of 210 · highest-to-lowest64.6 / 100+38.5 pp vs world
Iceland201450.9%61 of 210 · highest-to-lowest71.3 / 100+21.2 pp vs world44.4%102 of 210 · highest-to-lowest51.7 / 100+15.4 pp vs world6.5%34 of 210 · highest-to-lowest84.2 / 100+5.7 pp vs world95.3%79 of 210 · highest-to-lowest62.7 / 100+36.6 pp vs world
Iceland201551.3%53 of 210 · highest-to-lowest75.1 / 100+23.2 pp vs world43.6%102 of 210 · highest-to-lowest51.7 / 100+16.0 pp vs world7.8%31 of 210 · highest-to-lowest85.6 / 100+7.2 pp vs world94.9%78 of 210 · highest-to-lowest63.2 / 100+39.3 pp vs world
Iceland201647.5%59 of 210 · highest-to-lowest72.2 / 100+20.3 pp vs world40.3%114 of 210 · highest-to-lowest45.9 / 100+13.9 pp vs world7.2%29 of 210 · highest-to-lowest86.6 / 100+6.4 pp vs world87.8%88 of 210 · highest-to-lowest58.4 / 100+34.2 pp vs world
Iceland201745.7%71 of 210 · highest-to-lowest66.5 / 100+17.6 pp vs world40.7%109 of 210 · highest-to-lowest48.3 / 100+13.3 pp vs world5.0%41 of 210 · highest-to-lowest80.9 / 100+4.2 pp vs world86.4%92 of 210 · highest-to-lowest56.5 / 100+30.9 pp vs world
Iceland201846.5%69 of 210 · highest-to-lowest67.5 / 100+17.4 pp vs world42.5%109 of 210 · highest-to-lowest48.3 / 100+14.2 pp vs world4.0%50 of 210 · highest-to-lowest76.6 / 100+3.2 pp vs world88.9%88 of 210 · highest-to-lowest58.4 / 100+31.6 pp vs world
Iceland201944.7%72 of 210 · highest-to-lowest66.0 / 100+16.6 pp vs world39.1%119 of 210 · highest-to-lowest43.5 / 100+11.6 pp vs world5.6%43 of 210 · highest-to-lowest79.9 / 100+5.0 pp vs world83.8%98 of 210 · highest-to-lowest53.6 / 100+28.2 pp vs world
Iceland202034.1%86 of 210 · highest-to-lowest59.3 / 100+8.0 pp vs world34.5%126 of 210 · highest-to-lowest40.2 / 100+9.1 pp vs world-0.4%83 of 210 · highest-to-lowest60.8 / 100-1.1 pp vs world68.7%109 of 210 · highest-to-lowest48.3 / 100+17.2 pp vs world
Iceland202137.4%97 of 210 · highest-to-lowest54.1 / 100+8.7 pp vs world38.9%116 of 210 · highest-to-lowest45.0 / 100+11.2 pp vs world-1.5%99 of 210 · highest-to-lowest53.1 / 100-2.5 pp vs world76.2%108 of 210 · highest-to-lowest48.8 / 100+19.9 pp vs world
Iceland202246.7%82 of 210 · highest-to-lowest61.2 / 100+15.8 pp vs world46.3%107 of 210 · highest-to-lowest49.3 / 100+16.2 pp vs world0.4%74 of 210 · highest-to-lowest65.1 / 100-0.4 pp vs world93.0%93 of 210 · highest-to-lowest56.0 / 100+32.0 pp vs world
Iceland202344.0%79 of 210 · highest-to-lowest62.7 / 100+14.9 pp vs world43.2%110 of 210 · highest-to-lowest47.8 / 100+14.9 pp vs world0.7%79 of 210 · highest-to-lowest62.7 / 100-0.0 pp vs world87.2%98 of 210 · highest-to-lowest53.6 / 100+29.8 pp vs world
Iceland202442.4%81 of 210 · highest-to-lowest61.7 / 100+13.4 pp vs world43.7%107 of 210 · highest-to-lowest49.3 / 100+15.6 pp vs world-1.3%99 of 210 · highest-to-lowest53.1 / 100-2.2 pp vs world86.1%98 of 210 · highest-to-lowest53.6 / 100+29.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Trade openness is exports plus imports relative to GDP. Imports are positive in the source but subtracted in the expenditure identity.

Latest common comparison

Europe88.4%2024
Northern Europe93.8%2024
World57.1%2024

08 · Industry mix and structural change

Which activities produce value, and how is the mix changing?

Six mutually exclusive activities show the production structure. Manufacturing remains nested inside its parent activity.

Full historical record

Structural change across six activities

Other activities is the largest current activity at 50.0%. Each activity shows change separately for 1970–1990, 1990–2010, and 2010–current.

AMA activity values measure gross value added, not sales, revenue, shipments, gross output, or physical production.

Agriculture, forestry and fishing4.0%
1970–1990-0.2 pp1990–2010-3.8 pp2010–2024-3.0 pp

World specialization: 0.93×

Mining, manufacturing and utilities14.4%
1970–1990-1.2 pp1990–2010-0.9 pp2010–2024-5.4 pp

World specialization: 0.68×

Construction8.3%
1970–1990-5.1 pp1990–2010-5.9 pp2010–2024+3.8 pp

World specialization: 1.44×

Trade, restaurants and hotels12.5%
1970–1990+3.5 pp1990–2010-4.2 pp2010–2024+2.6 pp

World specialization: 0.86×

Transport, storage and communication10.8%
1970–1990-2.7 pp1990–2010-0.6 pp2010–2024+1.1 pp

World specialization: 1.10×

Other activities50.0%
1970–1990+5.7 pp1990–2010+15.5 pp2010–2024+0.9 pp

World specialization: 1.13×

Industry composition and economic scale

The 100% area view isolates changes in production mix. The current-dollar area view combines those shares with nominal GDP so the total height also shows the expansion or contraction of the economy.

A one-hundred-percent stacked area chart showing the changing share of six industries.0%25%50%75%100%1970198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

Agriculture, forestry and fishingMining, manufacturing and utilitiesConstructionTrade, restaurants and hotelsTransport, storage and communicationOther activitiesShare of total gross value added
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Broad industry structure over time

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Formation1970–1990

28.0% → 33.7%

Percentage-point change: +5.7 pp
Integration1990–2010

33.7% → 49.2%

Percentage-point change: +15.5 pp
Current era2010–2024

49.2% → 50.0%

Percentage-point change: +0.9 pp
How to read specialization

World specialization compares an activity's share of this country's gross value added with that activity's share of world gross value added. A result of 1.00× means the shares match; above 1.00× means the activity is relatively more prominent locally, while below 1.00× means it is relatively less prominent. It describes economic structure, not productivity or competitiveness.

Current specialization against world

Agriculture, forestry and fishing0.93×
Mining, manufacturing and utilities0.68×
Construction1.44×
Trade, restaurants and hotels0.86×
Transport, storage and communication1.10×
Other activities1.13×
Industry mix, specialization and world comparison table55 annual rows

Annual shares for the six mutually exclusive broad industries, with world comparisons and ranks wherever comparable data exist. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Industry mix, specialization and world comparison table
Iceland197011.0%113 of 176 · highest-to-lowest36.0 / 100+1.6 pp vs world21.9%88 of 178 · highest-to-lowest50.8 / 100-8.9 pp vs world15.5%4 of 178 · highest-to-lowest98.3 / 100+9.0 pp vs world10.7%135 of 177 · highest-to-lowest23.9 / 100-3.4 pp vs world12.9%11 of 177 · highest-to-lowest94.3 / 100+5.1 pp vs world28.0%86 of 178 · highest-to-lowest52.0 / 100-3.5 pp vs world
Iceland197111.1%115 of 176 · highest-to-lowest34.9 / 100+2.1 pp vs world21.2%92 of 178 · highest-to-lowest48.6 / 100-9.3 pp vs world15.7%5 of 178 · highest-to-lowest97.7 / 100+9.0 pp vs world10.6%138 of 177 · highest-to-lowest22.2 / 100-3.5 pp vs world12.9%9 of 177 · highest-to-lowest95.5 / 100+5.0 pp vs world28.5%83 of 178 · highest-to-lowest53.7 / 100-3.5 pp vs world
Iceland197210.9%114 of 176 · highest-to-lowest35.4 / 100+2.2 pp vs world21.1%93 of 178 · highest-to-lowest48.0 / 100-9.4 pp vs world15.3%5 of 178 · highest-to-lowest97.7 / 100+8.5 pp vs world10.5%139 of 177 · highest-to-lowest21.6 / 100-3.6 pp vs world13.4%7 of 177 · highest-to-lowest96.6 / 100+5.5 pp vs world28.8%84 of 178 · highest-to-lowest53.1 / 100-3.4 pp vs world
Iceland197310.9%109 of 176 · highest-to-lowest38.3 / 100+1.8 pp vs world23.4%85 of 178 · highest-to-lowest52.5 / 100-7.5 pp vs world15.5%5 of 178 · highest-to-lowest97.7 / 100+8.7 pp vs world10.9%135 of 177 · highest-to-lowest23.9 / 100-3.1 pp vs world12.6%10 of 177 · highest-to-lowest94.9 / 100+4.9 pp vs world26.7%93 of 178 · highest-to-lowest48.0 / 100-4.9 pp vs world
Iceland197411.6%102 of 176 · highest-to-lowest42.3 / 100+2.9 pp vs world19.1%109 of 178 · highest-to-lowest39.0 / 100-12.7 pp vs world16.2%4 of 178 · highest-to-lowest98.3 / 100+9.6 pp vs world10.3%138 of 177 · highest-to-lowest22.2 / 100-3.8 pp vs world12.7%8 of 177 · highest-to-lowest96.0 / 100+5.0 pp vs world30.2%67 of 178 · highest-to-lowest62.7 / 100-1.2 pp vs world
Iceland197510.2%110 of 176 · highest-to-lowest37.7 / 100+1.9 pp vs world20.9%97 of 178 · highest-to-lowest45.8 / 100-9.8 pp vs world14.2%4 of 178 · highest-to-lowest98.3 / 100+7.4 pp vs world10.4%139 of 177 · highest-to-lowest21.6 / 100-3.8 pp vs world14.8%4 of 177 · highest-to-lowest98.3 / 100+7.1 pp vs world29.6%75 of 178 · highest-to-lowest58.2 / 100-3.0 pp vs world
Iceland197610.1%110 of 176 · highest-to-lowest37.7 / 100+2.1 pp vs world22.8%88 of 178 · highest-to-lowest50.8 / 100-8.1 pp vs world14.6%6 of 178 · highest-to-lowest97.2 / 100+7.8 pp vs world10.6%137 of 177 · highest-to-lowest22.7 / 100-3.6 pp vs world13.4%5 of 177 · highest-to-lowest97.7 / 100+5.6 pp vs world28.5%87 of 178 · highest-to-lowest51.4 / 100-4.1 pp vs world
Iceland197712.0%104 of 176 · highest-to-lowest41.1 / 100+4.2 pp vs world23.1%87 of 178 · highest-to-lowest51.4 / 100-7.6 pp vs world13.8%6 of 178 · highest-to-lowest97.2 / 100+7.1 pp vs world9.9%141 of 177 · highest-to-lowest20.5 / 100-4.4 pp vs world12.1%12 of 177 · highest-to-lowest93.8 / 100+4.3 pp vs world29.0%86 of 178 · highest-to-lowest52.0 / 100-3.7 pp vs world
Iceland197812.6%100 of 176 · highest-to-lowest43.4 / 100+5.1 pp vs world21.9%92 of 178 · highest-to-lowest48.6 / 100-8.6 pp vs world13.0%10 of 178 · highest-to-lowest94.9 / 100+6.1 pp vs world10.0%144 of 177 · highest-to-lowest18.8 / 100-4.3 pp vs world12.2%11 of 177 · highest-to-lowest94.3 / 100+4.3 pp vs world30.3%83 of 178 · highest-to-lowest53.7 / 100-2.7 pp vs world
Iceland197912.4%99 of 176 · highest-to-lowest44.0 / 100+5.1 pp vs world24.5%81 of 178 · highest-to-lowest54.8 / 100-6.3 pp vs world11.4%14 of 178 · highest-to-lowest92.7 / 100+4.6 pp vs world10.1%139 of 177 · highest-to-lowest21.6 / 100-4.1 pp vs world10.9%21 of 177 · highest-to-lowest88.6 / 100+3.0 pp vs world30.6%80 of 178 · highest-to-lowest55.4 / 100-2.5 pp vs world
Iceland198011.8%95 of 176 · highest-to-lowest46.3 / 100+5.0 pp vs world24.8%80 of 178 · highest-to-lowest55.4 / 100-6.3 pp vs world11.7%12 of 178 · highest-to-lowest93.8 / 100+5.0 pp vs world11.4%130 of 177 · highest-to-lowest26.7 / 100-2.8 pp vs world10.7%24 of 177 · highest-to-lowest86.9 / 100+2.9 pp vs world29.6%87 of 178 · highest-to-lowest51.4 / 100-4.1 pp vs world
Iceland198111.2%99 of 176 · highest-to-lowest44.0 / 100+4.4 pp vs world24.2%79 of 178 · highest-to-lowest55.9 / 100-6.4 pp vs world12.1%11 of 178 · highest-to-lowest94.4 / 100+5.6 pp vs world12.0%121 of 177 · highest-to-lowest31.8 / 100-2.3 pp vs world11.9%13 of 177 · highest-to-lowest93.2 / 100+4.1 pp vs world28.6%98 of 178 · highest-to-lowest45.2 / 100-5.6 pp vs world
Iceland19828.9%108 of 176 · highest-to-lowest38.9 / 100+2.1 pp vs world23.3%87 of 178 · highest-to-lowest51.4 / 100-6.5 pp vs world13.4%8 of 178 · highest-to-lowest96.0 / 100+7.2 pp vs world10.6%139 of 177 · highest-to-lowest21.6 / 100-3.7 pp vs world11.7%19 of 177 · highest-to-lowest89.8 / 100+3.8 pp vs world32.0%80 of 178 · highest-to-lowest55.4 / 100-3.2 pp vs world
Iceland19838.7%108 of 176 · highest-to-lowest38.9 / 100+1.8 pp vs world23.9%77 of 178 · highest-to-lowest57.1 / 100-5.5 pp vs world10.8%21 of 178 · highest-to-lowest88.7 / 100+4.8 pp vs world12.7%121 of 177 · highest-to-lowest31.8 / 100-1.7 pp vs world12.3%14 of 177 · highest-to-lowest92.6 / 100+4.3 pp vs world31.6%85 of 178 · highest-to-lowest52.5 / 100-4.2 pp vs world
Iceland19849.3%106 of 176 · highest-to-lowest40.0 / 100+2.5 pp vs world26.0%68 of 178 · highest-to-lowest62.1 / 100-3.2 pp vs world10.8%18 of 178 · highest-to-lowest90.4 / 100+5.0 pp vs world12.6%125 of 177 · highest-to-lowest29.5 / 100-2.0 pp vs world12.3%17 of 177 · highest-to-lowest90.9 / 100+4.3 pp vs world29.0%97 of 178 · highest-to-lowest45.8 / 100-6.9 pp vs world
Iceland198510.8%100 of 176 · highest-to-lowest43.4 / 100+4.4 pp vs world24.4%79 of 178 · highest-to-lowest55.9 / 100-4.3 pp vs world10.3%17 of 178 · highest-to-lowest91.0 / 100+4.5 pp vs world11.8%132 of 177 · highest-to-lowest25.6 / 100-2.9 pp vs world10.7%23 of 177 · highest-to-lowest87.5 / 100+2.7 pp vs world31.9%84 of 178 · highest-to-lowest53.1 / 100-4.8 pp vs world
Iceland198611.5%99 of 176 · highest-to-lowest44.0 / 100+5.6 pp vs world24.7%77 of 178 · highest-to-lowest57.1 / 100-3.0 pp vs world10.9%12 of 178 · highest-to-lowest93.8 / 100+4.9 pp vs world12.3%136 of 177 · highest-to-lowest23.3 / 100-2.4 pp vs world10.6%23 of 177 · highest-to-lowest87.5 / 100+2.5 pp vs world30.0%100 of 178 · highest-to-lowest44.1 / 100-7.8 pp vs world
Iceland198711.1%95 of 176 · highest-to-lowest46.3 / 100+5.6 pp vs world23.2%87 of 178 · highest-to-lowest51.4 / 100-4.2 pp vs world11.2%11 of 178 · highest-to-lowest94.4 / 100+5.2 pp vs world12.5%131 of 177 · highest-to-lowest26.1 / 100-2.1 pp vs world10.1%35 of 177 · highest-to-lowest80.7 / 100+2.0 pp vs world31.8%88 of 178 · highest-to-lowest50.8 / 100-6.7 pp vs world
Iceland198810.9%99 of 176 · highest-to-lowest44.0 / 100+5.5 pp vs world22.9%91 of 178 · highest-to-lowest49.2 / 100-4.3 pp vs world10.3%16 of 178 · highest-to-lowest91.5 / 100+4.1 pp vs world11.2%145 of 177 · highest-to-lowest18.2 / 100-3.4 pp vs world10.2%34 of 177 · highest-to-lowest81.3 / 100+2.1 pp vs world34.5%69 of 178 · highest-to-lowest61.6 / 100-4.1 pp vs world
Iceland198910.7%99 of 177 · highest-to-lowest44.3 / 100+5.3 pp vs world22.5%94 of 179 · highest-to-lowest47.8 / 100-4.3 pp vs world10.6%15 of 179 · highest-to-lowest92.1 / 100+4.4 pp vs world11.9%134 of 178 · highest-to-lowest24.9 / 100-2.6 pp vs world9.6%45 of 178 · highest-to-lowest75.1 / 100+1.6 pp vs world34.6%70 of 179 · highest-to-lowest61.2 / 100-4.5 pp vs world
Iceland199010.8%117 of 204 · highest-to-lowest42.9 / 100+5.7 pp vs world20.8%126 of 206 · highest-to-lowest39.0 / 100-5.8 pp vs world10.3%21 of 206 · highest-to-lowest90.2 / 100+4.1 pp vs world14.1%113 of 205 · highest-to-lowest45.1 / 100-0.4 pp vs world10.3%35 of 205 · highest-to-lowest83.3 / 100+2.1 pp vs world33.7%81 of 206 · highest-to-lowest61.0 / 100-5.9 pp vs world
Iceland199111.2%112 of 204 · highest-to-lowest45.3 / 100+6.4 pp vs world20.6%120 of 206 · highest-to-lowest42.0 / 100-5.4 pp vs world9.9%21 of 206 · highest-to-lowest90.2 / 100+3.9 pp vs world14.1%108 of 205 · highest-to-lowest47.5 / 100-0.7 pp vs world9.9%50 of 205 · highest-to-lowest76.0 / 100+1.6 pp vs world34.3%85 of 206 · highest-to-lowest59.0 / 100-5.9 pp vs world
Iceland199210.7%111 of 204 · highest-to-lowest45.8 / 100+6.5 pp vs world20.0%129 of 206 · highest-to-lowest37.6 / 100-5.3 pp vs world9.9%16 of 206 · highest-to-lowest92.7 / 100+4.0 pp vs world14.2%105 of 205 · highest-to-lowest49.0 / 100-1.1 pp vs world9.8%51 of 205 · highest-to-lowest75.5 / 100+1.6 pp vs world35.4%77 of 206 · highest-to-lowest62.9 / 100-5.7 pp vs world
Iceland199310.9%107 of 204 · highest-to-lowest47.8 / 100+6.7 pp vs world20.3%123 of 206 · highest-to-lowest40.5 / 100-4.5 pp vs world9.5%19 of 206 · highest-to-lowest91.2 / 100+3.6 pp vs world13.7%113 of 205 · highest-to-lowest45.1 / 100-1.4 pp vs world10.0%47 of 205 · highest-to-lowest77.5 / 100+1.7 pp vs world35.6%80 of 206 · highest-to-lowest61.5 / 100-6.1 pp vs world
Iceland199410.2%109 of 204 · highest-to-lowest46.8 / 100+6.2 pp vs world20.6%118 of 206 · highest-to-lowest42.9 / 100-3.9 pp vs world8.5%27 of 206 · highest-to-lowest87.3 / 100+2.6 pp vs world13.7%116 of 205 · highest-to-lowest43.6 / 100-1.5 pp vs world11.5%27 of 205 · highest-to-lowest87.3 / 100+3.1 pp vs world35.4%78 of 206 · highest-to-lowest62.4 / 100-5.7 pp vs world
Iceland199510.6%106 of 204 · highest-to-lowest48.3 / 100+6.6 pp vs world19.7%124 of 206 · highest-to-lowest40.0 / 100-4.8 pp vs world7.7%34 of 206 · highest-to-lowest83.9 / 100+2.0 pp vs world13.6%123 of 205 · highest-to-lowest40.2 / 100-1.5 pp vs world10.9%36 of 205 · highest-to-lowest82.8 / 100+2.3 pp vs world37.5%72 of 206 · highest-to-lowest65.4 / 100-4.6 pp vs world
Iceland199610.4%105 of 204 · highest-to-lowest48.8 / 100+6.3 pp vs world19.5%128 of 206 · highest-to-lowest38.0 / 100-4.8 pp vs world7.3%46 of 206 · highest-to-lowest78.0 / 100+1.6 pp vs world13.8%115 of 205 · highest-to-lowest44.1 / 100-1.1 pp vs world10.8%34 of 205 · highest-to-lowest83.8 / 100+2.3 pp vs world38.2%68 of 206 · highest-to-lowest67.3 / 100-4.2 pp vs world
Iceland19979.1%109 of 204 · highest-to-lowest46.8 / 100+5.2 pp vs world20.5%116 of 206 · highest-to-lowest43.9 / 100-3.5 pp vs world8.7%27 of 206 · highest-to-lowest87.3 / 100+3.2 pp vs world13.2%133 of 205 · highest-to-lowest35.3 / 100-1.9 pp vs world11.3%39 of 205 · highest-to-lowest81.4 / 100+2.6 pp vs world37.2%71 of 206 · highest-to-lowest65.9 / 100-5.6 pp vs world
Iceland19989.2%110 of 204 · highest-to-lowest46.3 / 100+5.3 pp vs world19.1%121 of 206 · highest-to-lowest41.5 / 100-4.1 pp vs world8.7%27 of 206 · highest-to-lowest87.3 / 100+3.2 pp vs world13.0%137 of 205 · highest-to-lowest33.3 / 100-2.1 pp vs world11.3%36 of 205 · highest-to-lowest82.8 / 100+2.3 pp vs world38.7%70 of 206 · highest-to-lowest66.3 / 100-4.7 pp vs world
Iceland19998.7%111 of 204 · highest-to-lowest45.8 / 100+5.1 pp vs world17.7%130 of 206 · highest-to-lowest37.1 / 100-5.4 pp vs world8.4%31 of 206 · highest-to-lowest85.4 / 100+3.0 pp vs world13.4%130 of 205 · highest-to-lowest36.8 / 100-1.7 pp vs world11.5%41 of 205 · highest-to-lowest80.4 / 100+2.3 pp vs world40.3%58 of 206 · highest-to-lowest72.2 / 100-3.3 pp vs world
Iceland20007.9%113 of 204 · highest-to-lowest44.8 / 100+4.5 pp vs world17.0%135 of 206 · highest-to-lowest34.6 / 100-6.5 pp vs world9.0%19 of 206 · highest-to-lowest91.2 / 100+3.7 pp vs world12.8%140 of 205 · highest-to-lowest31.9 / 100-2.2 pp vs world11.3%49 of 205 · highest-to-lowest76.5 / 100+2.2 pp vs world41.9%53 of 206 · highest-to-lowest74.6 / 100-1.6 pp vs world
Iceland20018.3%109 of 204 · highest-to-lowest46.8 / 100+4.9 pp vs world19.1%121 of 206 · highest-to-lowest41.5 / 100-3.5 pp vs world8.2%26 of 206 · highest-to-lowest87.8 / 100+2.9 pp vs world11.4%162 of 205 · highest-to-lowest21.1 / 100-3.6 pp vs world11.2%51 of 205 · highest-to-lowest75.5 / 100+1.9 pp vs world41.8%58 of 206 · highest-to-lowest72.2 / 100-2.7 pp vs world
Iceland20028.4%109 of 204 · highest-to-lowest46.8 / 100+5.0 pp vs world16.8%138 of 206 · highest-to-lowest33.2 / 100-5.3 pp vs world7.9%28 of 206 · highest-to-lowest86.8 / 100+2.6 pp vs world11.7%156 of 205 · highest-to-lowest24.0 / 100-3.1 pp vs world10.9%58 of 205 · highest-to-lowest72.1 / 100+1.6 pp vs world44.2%46 of 206 · highest-to-lowest78.0 / 100-0.8 pp vs world
Iceland20037.2%114 of 204 · highest-to-lowest44.3 / 100+3.8 pp vs world16.0%141 of 206 · highest-to-lowest31.7 / 100-6.1 pp vs world7.9%28 of 206 · highest-to-lowest86.8 / 100+2.6 pp vs world11.6%160 of 205 · highest-to-lowest22.1 / 100-3.2 pp vs world10.5%64 of 205 · highest-to-lowest69.1 / 100+1.2 pp vs world46.8%30 of 206 · highest-to-lowest85.9 / 100+1.7 pp vs world
Iceland20046.0%122 of 204 · highest-to-lowest40.4 / 100+2.6 pp vs world15.6%145 of 206 · highest-to-lowest29.8 / 100-7.0 pp vs world9.0%19 of 206 · highest-to-lowest91.2 / 100+3.6 pp vs world11.8%158 of 205 · highest-to-lowest23.0 / 100-2.8 pp vs world10.2%74 of 205 · highest-to-lowest64.2 / 100+0.7 pp vs world47.3%28 of 206 · highest-to-lowest86.8 / 100+3.0 pp vs world
Iceland20055.5%124 of 205 · highest-to-lowest39.7 / 100+2.1 pp vs world13.6%152 of 208 · highest-to-lowest27.1 / 100-9.4 pp vs world10.3%16 of 208 · highest-to-lowest92.8 / 100+4.7 pp vs world12.1%157 of 207 · highest-to-lowest24.3 / 100-2.5 pp vs world9.9%84 of 207 · highest-to-lowest59.7 / 100+0.5 pp vs world48.7%24 of 208 · highest-to-lowest88.9 / 100+4.6 pp vs world
Iceland20065.5%120 of 205 · highest-to-lowest41.7 / 100+2.2 pp vs world14.7%148 of 208 · highest-to-lowest29.0 / 100-8.8 pp vs world10.9%15 of 208 · highest-to-lowest93.2 / 100+5.2 pp vs world11.0%168 of 207 · highest-to-lowest18.9 / 100-3.4 pp vs world9.0%106 of 207 · highest-to-lowest49.0 / 100-0.3 pp vs world48.9%26 of 208 · highest-to-lowest87.9 / 100+5.1 pp vs world
Iceland20074.8%127 of 205 · highest-to-lowest38.2 / 100+1.3 pp vs world12.9%156 of 208 · highest-to-lowest25.1 / 100-10.7 pp vs world10.0%24 of 208 · highest-to-lowest88.9 / 100+4.3 pp vs world11.3%168 of 207 · highest-to-lowest18.9 / 100-2.9 pp vs world8.6%119 of 207 · highest-to-lowest42.7 / 100-0.7 pp vs world52.4%16 of 208 · highest-to-lowest92.8 / 100+8.8 pp vs world
Iceland20085.4%116 of 207 · highest-to-lowest44.2 / 100+1.7 pp vs world16.9%129 of 210 · highest-to-lowest38.8 / 100-7.2 pp vs world8.5%43 of 210 · highest-to-lowest79.9 / 100+2.9 pp vs world10.1%184 of 209 · highest-to-lowest12.0 / 100-4.1 pp vs world8.6%110 of 209 · highest-to-lowest47.6 / 100-0.7 pp vs world50.4%21 of 210 · highest-to-lowest90.4 / 100+7.3 pp vs world
Iceland20096.2%114 of 207 · highest-to-lowest45.1 / 100+2.4 pp vs world16.8%126 of 210 · highest-to-lowest40.2 / 100-5.5 pp vs world4.7%149 of 210 · highest-to-lowest29.2 / 100-0.9 pp vs world10.2%185 of 209 · highest-to-lowest11.5 / 100-3.8 pp vs world9.0%115 of 209 · highest-to-lowest45.2 / 100-0.2 pp vs world53.1%15 of 210 · highest-to-lowest93.3 / 100+8.0 pp vs world
Iceland20107.0%108 of 207 · highest-to-lowest48.1 / 100+3.0 pp vs world19.8%111 of 210 · highest-to-lowest47.4 / 100-3.9 pp vs world4.5%149 of 210 · highest-to-lowest29.2 / 100-0.9 pp vs world9.9%183 of 209 · highest-to-lowest12.5 / 100-4.2 pp vs world9.7%87 of 209 · highest-to-lowest58.7 / 100+0.6 pp vs world49.2%35 of 210 · highest-to-lowest83.7 / 100+5.3 pp vs world
Iceland20117.6%103 of 207 · highest-to-lowest50.5 / 100+3.4 pp vs world20.3%108 of 210 · highest-to-lowest48.8 / 100-3.9 pp vs world4.2%160 of 210 · highest-to-lowest23.9 / 100-1.2 pp vs world11.0%175 of 209 · highest-to-lowest16.3 / 100-3.0 pp vs world9.7%77 of 209 · highest-to-lowest63.5 / 100+0.8 pp vs world47.2%40 of 210 · highest-to-lowest81.3 / 100+4.0 pp vs world
Iceland20127.6%99 of 207 · highest-to-lowest52.4 / 100+3.3 pp vs world18.9%113 of 210 · highest-to-lowest46.4 / 100-5.2 pp vs world4.5%151 of 210 · highest-to-lowest28.2 / 100-1.0 pp vs world10.4%183 of 209 · highest-to-lowest12.5 / 100-3.7 pp vs world9.4%90 of 209 · highest-to-lowest57.2 / 100+0.5 pp vs world49.2%33 of 210 · highest-to-lowest84.7 / 100+6.1 pp vs world
Iceland20136.7%107 of 207 · highest-to-lowest48.5 / 100+2.3 pp vs world18.2%121 of 210 · highest-to-lowest42.6 / 100-5.6 pp vs world4.8%143 of 210 · highest-to-lowest32.1 / 100-0.8 pp vs world10.8%180 of 209 · highest-to-lowest13.9 / 100-3.3 pp vs world10.5%56 of 209 · highest-to-lowest73.6 / 100+1.5 pp vs world49.1%35 of 210 · highest-to-lowest83.7 / 100+5.8 pp vs world
Iceland20145.9%113 of 207 · highest-to-lowest45.6 / 100+1.4 pp vs world17.8%117 of 210 · highest-to-lowest44.5 / 100-5.6 pp vs world5.4%120 of 210 · highest-to-lowest43.1 / 100-0.2 pp vs world11.5%172 of 209 · highest-to-lowest17.8 / 100-2.6 pp vs world10.1%73 of 209 · highest-to-lowest65.4 / 100+1.1 pp vs world49.4%35 of 210 · highest-to-lowest83.7 / 100+5.9 pp vs world
Iceland20156.0%114 of 207 · highest-to-lowest45.1 / 100+1.6 pp vs world16.8%123 of 210 · highest-to-lowest41.6 / 100-5.6 pp vs world5.5%124 of 210 · highest-to-lowest41.1 / 100-0.1 pp vs world12.1%165 of 209 · highest-to-lowest21.2 / 100-2.2 pp vs world11.1%52 of 209 · highest-to-lowest75.5 / 100+2.0 pp vs world48.5%40 of 210 · highest-to-lowest81.3 / 100+4.3 pp vs world
Iceland20165.0%123 of 207 · highest-to-lowest40.8 / 100+0.6 pp vs world15.2%137 of 210 · highest-to-lowest34.9 / 100-6.5 pp vs world6.8%67 of 210 · highest-to-lowest68.4 / 100+1.2 pp vs world13.2%149 of 209 · highest-to-lowest28.8 / 100-1.1 pp vs world11.4%47 of 209 · highest-to-lowest77.9 / 100+2.1 pp vs world48.4%41 of 210 · highest-to-lowest80.9 / 100+3.6 pp vs world
Iceland20174.2%130 of 207 · highest-to-lowest37.4 / 100-0.1 pp vs world14.4%142 of 210 · highest-to-lowest32.5 / 100-7.6 pp vs world7.5%56 of 210 · highest-to-lowest73.7 / 100+1.8 pp vs world13.2%148 of 209 · highest-to-lowest29.3 / 100-1.2 pp vs world11.2%44 of 209 · highest-to-lowest79.3 / 100+2.0 pp vs world49.5%33 of 210 · highest-to-lowest84.7 / 100+5.1 pp vs world
Iceland20184.7%123 of 207 · highest-to-lowest40.8 / 100+0.5 pp vs world14.7%145 of 210 · highest-to-lowest31.1 / 100-7.8 pp vs world7.8%48 of 210 · highest-to-lowest77.5 / 100+2.1 pp vs world12.7%154 of 209 · highest-to-lowest26.4 / 100-1.5 pp vs world11.9%33 of 209 · highest-to-lowest84.6 / 100+2.6 pp vs world48.3%43 of 210 · highest-to-lowest79.9 / 100+4.1 pp vs world
Iceland20194.9%116 of 207 · highest-to-lowest44.2 / 100+0.7 pp vs world13.8%150 of 210 · highest-to-lowest28.7 / 100-7.9 pp vs world7.7%55 of 210 · highest-to-lowest74.2 / 100+1.9 pp vs world12.5%158 of 210 · highest-to-lowest24.9 / 100-1.8 pp vs world11.4%43 of 210 · highest-to-lowest79.9 / 100+1.9 pp vs world49.7%33 of 210 · highest-to-lowest84.7 / 100+5.2 pp vs world
Iceland20205.3%121 of 207 · highest-to-lowest41.7 / 100+0.8 pp vs world14.6%142 of 210 · highest-to-lowest32.5 / 100-6.4 pp vs world7.7%47 of 210 · highest-to-lowest78.0 / 100+1.9 pp vs world11.1%170 of 210 · highest-to-lowest19.1 / 100-2.6 pp vs world9.5%79 of 210 · highest-to-lowest62.7 / 100+0.1 pp vs world51.8%34 of 210 · highest-to-lowest84.2 / 100+6.2 pp vs world
Iceland20214.9%123 of 207 · highest-to-lowest40.8 / 100+0.4 pp vs world15.7%136 of 210 · highest-to-lowest35.4 / 100-6.6 pp vs world7.0%61 of 210 · highest-to-lowest71.3 / 100+1.3 pp vs world12.4%150 of 210 · highest-to-lowest28.7 / 100-1.6 pp vs world9.6%73 of 210 · highest-to-lowest65.6 / 100+0.2 pp vs world50.4%36 of 210 · highest-to-lowest83.3 / 100+6.3 pp vs world
Iceland20224.7%123 of 207 · highest-to-lowest40.8 / 100+0.1 pp vs world16.0%134 of 210 · highest-to-lowest36.4 / 100-6.8 pp vs world7.3%56 of 210 · highest-to-lowest73.7 / 100+1.6 pp vs world12.4%154 of 210 · highest-to-lowest26.8 / 100-1.9 pp vs world10.7%55 of 210 · highest-to-lowest74.2 / 100+1.2 pp vs world48.9%32 of 210 · highest-to-lowest85.2 / 100+5.7 pp vs world
Iceland20234.8%115 of 207 · highest-to-lowest44.7 / 100+0.5 pp vs world14.2%146 of 210 · highest-to-lowest30.6 / 100-7.5 pp vs world7.9%43 of 210 · highest-to-lowest79.9 / 100+2.1 pp vs world12.8%150 of 210 · highest-to-lowest28.7 / 100-1.7 pp vs world10.8%53 of 210 · highest-to-lowest75.1 / 100+1.1 pp vs world49.4%35 of 210 · highest-to-lowest83.7 / 100+5.4 pp vs world
Iceland20244.0%126 of 207 · highest-to-lowest39.3 / 100-0.3 pp vs world14.4%140 of 210 · highest-to-lowest33.5 / 100-6.7 pp vs world8.3%42 of 210 · highest-to-lowest80.4 / 100+2.5 pp vs world12.5%156 of 210 · highest-to-lowest25.8 / 100-2.0 pp vs world10.8%56 of 210 · highest-to-lowest73.7 / 100+1.0 pp vs world50.0%33 of 210 · highest-to-lowest84.7 / 100+5.6 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

09 · Manufacturing position

What role does manufacturing play at home and in the world?

Domestic share, its place inside the parent industry, real growth, specialization and world contribution are kept together.

Full historical record

Manufacturing in the economic structure

Manufacturing accounts for 10.0% of total gross value added in 2024. In 2024, Iceland was 5.7 percentage points below the world value.

Latest share
10.0%
World specialization
0.64×
Latest year
2024
Manufacturing share of total gross value added across the full AMA record, divided into three labeled analytical periods.1970–19901990–20102010–202431.125.62014.58.91970198019902000201020202024

Created by Tesseron World Observatory; data from UN Statistics Division Analysis of Main Aggregates - 28 January 2026 data snapshot.

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Manufacturing share of gross value added

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Formation1970–1990

18.7% → 16.4%

Percentage-point change: -2.3 pp
Integration1990–2010

16.4% → 14.3%

Percentage-point change: -2.0 pp
Current era2010–2024

14.3% → 10.0%

Percentage-point change: -4.4 pp
Share of total GVA10.0%2024 · Derived measure · World rank 119 of 210 · highest-to-lowest
Share within parent activity69.1%2024 · Derived measure · World rank 101 of 210 · highest-to-lowest
Real manufacturing growth4.8%2024 · Published series · World rank 61 of 210 · highest-to-lowest
Share of world manufacturing0.0%2024 · Derived measure · World rank 111 of 210 · highest-to-lowest
Manufacturing annual rates, ranks and specialization table55 annual rows

Manufacturing's annual structural, growth and world-position measures. Annual rows cover the full 1970–2024 AMA record wherever the source publishes a value. World ranks run highest-to-lowest. The position index converts rank to a 0–100 scale: 100 is first and 0 is last; it is not a performance score. World comparison is either a world-equals-100 value index or a percentage-point gap, according to the measure.

Showing 55 of 55 rows

Manufacturing annual rates, ranks and specialization table
Iceland197018.7%59 of 176 · highest-to-lowest66.9 / 100-7.3 pp vs world85.1%71 of 176 · highest-to-lowest60.0 / 100+1.0 pp vs worldSource observation unavailableNot calculable without a source observationNot calculable without a source observationComparable world observation unavailable0.0%93 of 176 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland197118.1%60 of 176 · highest-to-lowest66.3 / 100-7.5 pp vs world85.0%69 of 176 · highest-to-lowest61.1 / 100+1.3 pp vs world12.3%24 of 176 · highest-to-lowest86.9 / 100+9.2 pp vs world0.0%92 of 176 · highest-to-lowest48.0 / 100-100.0 pp vs world
Iceland197217.7%64 of 176 · highest-to-lowest64.0 / 100-7.8 pp vs world83.9%73 of 176 · highest-to-lowest58.9 / 100+0.3 pp vs world5.4%88 of 176 · highest-to-lowest50.3 / 100-1.0 pp vs world0.0%90 of 176 · highest-to-lowest49.1 / 100-100.0 pp vs world
Iceland197320.2%53 of 176 · highest-to-lowest70.3 / 100-5.5 pp vs world86.3%63 of 176 · highest-to-lowest64.6 / 100+3.2 pp vs world6.6%96 of 176 · highest-to-lowest45.7 / 100-2.5 pp vs world0.0%86 of 176 · highest-to-lowest51.4 / 100-100.0 pp vs world
Iceland197416.1%76 of 176 · highest-to-lowest57.1 / 100-9.0 pp vs world84.7%72 of 176 · highest-to-lowest59.4 / 100+5.5 pp vs world1.2%137 of 176 · highest-to-lowest22.3 / 100-0.2 pp vs world0.0%90 of 176 · highest-to-lowest49.1 / 100-100.0 pp vs world
Iceland197516.8%76 of 176 · highest-to-lowest57.1 / 100-7.4 pp vs world80.5%82 of 176 · highest-to-lowest53.7 / 100+1.5 pp vs world-0.5%107 of 176 · highest-to-lowest39.4 / 100+2.4 pp vs world0.0%93 of 176 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland197618.9%63 of 176 · highest-to-lowest64.6 / 100-5.5 pp vs world82.7%76 of 176 · highest-to-lowest57.1 / 100+3.9 pp vs world10.8%45 of 176 · highest-to-lowest74.9 / 100+3.6 pp vs world0.0%89 of 176 · highest-to-lowest49.7 / 100-100.0 pp vs world
Iceland197719.4%54 of 176 · highest-to-lowest69.7 / 100-4.7 pp vs world83.9%68 of 176 · highest-to-lowest61.7 / 100+5.5 pp vs world15.2%20 of 176 · highest-to-lowest89.1 / 100+11.3 pp vs world0.0%88 of 176 · highest-to-lowest50.3 / 100-100.0 pp vs world
Iceland197818.2%62 of 176 · highest-to-lowest65.1 / 100-5.9 pp vs world83.3%73 of 176 · highest-to-lowest58.9 / 100+4.3 pp vs world2.2%123 of 176 · highest-to-lowest30.3 / 100-1.3 pp vs world0.0%88 of 176 · highest-to-lowest50.3 / 100-100.0 pp vs world
Iceland197920.4%51 of 177 · highest-to-lowest71.6 / 100-3.4 pp vs world83.2%74 of 177 · highest-to-lowest58.5 / 100+6.0 pp vs world8.6%58 of 176 · highest-to-lowest67.4 / 100+4.5 pp vs world0.0%84 of 177 · highest-to-lowest52.8 / 100-100.0 pp vs world
Iceland198020.1%53 of 177 · highest-to-lowest70.5 / 100-2.8 pp vs world81.0%82 of 177 · highest-to-lowest54.0 / 100+7.3 pp vs world8.2%49 of 177 · highest-to-lowest72.7 / 100+8.0 pp vs world0.0%81 of 177 · highest-to-lowest54.5 / 100-100.0 pp vs world
Iceland198119.9%53 of 177 · highest-to-lowest70.5 / 100-2.6 pp vs world82.3%80 of 177 · highest-to-lowest55.1 / 100+8.9 pp vs world2.8%89 of 177 · highest-to-lowest50.0 / 100+1.5 pp vs world0.0%84 of 177 · highest-to-lowest52.8 / 100-100.0 pp vs world
Iceland198218.6%55 of 177 · highest-to-lowest69.3 / 100-3.5 pp vs world79.7%80 of 177 · highest-to-lowest55.1 / 100+5.6 pp vs world-4.8%148 of 177 · highest-to-lowest16.5 / 100-3.1 pp vs world0.0%87 of 177 · highest-to-lowest51.1 / 100-100.0 pp vs world
Iceland198317.1%64 of 177 · highest-to-lowest64.2 / 100-4.6 pp vs world71.8%105 of 177 · highest-to-lowest40.9 / 100-2.2 pp vs world-6.4%156 of 177 · highest-to-lowest11.9 / 100-8.2 pp vs world0.0%91 of 177 · highest-to-lowest48.9 / 100-100.0 pp vs world
Iceland198418.8%55 of 177 · highest-to-lowest69.3 / 100-3.0 pp vs world72.3%99 of 177 · highest-to-lowest44.3 / 100-2.3 pp vs world6.7%67 of 177 · highest-to-lowest62.5 / 100+1.2 pp vs world0.0%90 of 177 · highest-to-lowest49.4 / 100-100.0 pp vs world
Iceland198518.1%59 of 177 · highest-to-lowest67.0 / 100-3.6 pp vs world74.1%94 of 177 · highest-to-lowest47.2 / 100-1.4 pp vs world1.6%115 of 177 · highest-to-lowest35.2 / 100-2.7 pp vs world0.0%91 of 177 · highest-to-lowest48.9 / 100-100.0 pp vs world
Iceland198619.4%55 of 177 · highest-to-lowest69.3 / 100-2.6 pp vs world78.4%84 of 177 · highest-to-lowest52.8 / 100-0.9 pp vs world5.1%68 of 177 · highest-to-lowest61.9 / 100+3.0 pp vs world0.0%85 of 177 · highest-to-lowest52.3 / 100-100.0 pp vs world
Iceland198719.1%53 of 177 · highest-to-lowest70.5 / 100-2.7 pp vs world82.1%71 of 177 · highest-to-lowest60.2 / 100+2.8 pp vs world8.2%51 of 177 · highest-to-lowest71.6 / 100+3.7 pp vs world0.0%75 of 177 · highest-to-lowest58.0 / 100-100.0 pp vs world
Iceland198818.1%68 of 177 · highest-to-lowest61.9 / 100-3.7 pp vs world79.1%81 of 177 · highest-to-lowest54.5 / 100-1.0 pp vs world-6.1%161 of 177 · highest-to-lowest9.1 / 100-11.8 pp vs world0.0%75 of 177 · highest-to-lowest58.0 / 100-100.0 pp vs world
Iceland198917.7%70 of 178 · highest-to-lowest61.0 / 100-3.7 pp vs world78.6%84 of 178 · highest-to-lowest53.1 / 100-1.2 pp vs world-3.3%151 of 177 · highest-to-lowest14.8 / 100-6.0 pp vs world0.0%80 of 178 · highest-to-lowest55.4 / 100-100.0 pp vs world
Iceland199016.4%100 of 205 · highest-to-lowest51.5 / 100-4.4 pp vs world78.8%95 of 205 · highest-to-lowest53.9 / 100+0.4 pp vs world-3.4%141 of 178 · highest-to-lowest20.9 / 100-4.6 pp vs world0.0%93 of 205 · highest-to-lowest54.9 / 100-100.0 pp vs world
Iceland199116.4%97 of 205 · highest-to-lowest52.9 / 100-4.1 pp vs world79.7%90 of 205 · highest-to-lowest56.4 / 100+1.0 pp vs world1.8%97 of 205 · highest-to-lowest52.9 / 100+1.8 pp vs world0.0%91 of 205 · highest-to-lowest55.9 / 100-100.0 pp vs world
Iceland199215.6%97 of 205 · highest-to-lowest52.9 / 100-4.2 pp vs world78.2%96 of 205 · highest-to-lowest53.4 / 100-0.1 pp vs world-2.7%147 of 205 · highest-to-lowest28.4 / 100-2.2 pp vs world0.0%91 of 205 · highest-to-lowest55.9 / 100-100.0 pp vs world
Iceland199315.7%90 of 205 · highest-to-lowest56.4 / 100-3.4 pp vs world77.6%92 of 205 · highest-to-lowest55.4 / 100+0.1 pp vs world-2.2%134 of 205 · highest-to-lowest34.8 / 100-1.5 pp vs world0.0%94 of 205 · highest-to-lowest54.4 / 100-100.0 pp vs world
Iceland199416.4%86 of 205 · highest-to-lowest58.3 / 100-2.8 pp vs world79.5%85 of 205 · highest-to-lowest58.8 / 100+1.2 pp vs world2.1%120 of 205 · highest-to-lowest41.7 / 100-1.4 pp vs world0.0%90 of 205 · highest-to-lowest56.4 / 100-100.0 pp vs world
Iceland199515.5%93 of 205 · highest-to-lowest54.9 / 100-3.7 pp vs world78.5%88 of 205 · highest-to-lowest57.4 / 100+0.4 pp vs world-2.4%167 of 205 · highest-to-lowest18.6 / 100-7.3 pp vs world0.0%90 of 205 · highest-to-lowest56.4 / 100-100.0 pp vs world
Iceland199615.4%90 of 205 · highest-to-lowest56.4 / 100-3.1 pp vs world79.2%80 of 205 · highest-to-lowest61.3 / 100+2.7 pp vs world5.7%70 of 205 · highest-to-lowest66.2 / 100+3.1 pp vs world0.0%91 of 205 · highest-to-lowest55.9 / 100-100.0 pp vs world
Iceland199716.1%81 of 205 · highest-to-lowest60.8 / 100-2.2 pp vs world78.5%89 of 205 · highest-to-lowest56.9 / 100+2.5 pp vs world-0.4%176 of 205 · highest-to-lowest14.2 / 100-4.9 pp vs world0.0%90 of 205 · highest-to-lowest56.4 / 100-100.0 pp vs world
Iceland199815.2%89 of 205 · highest-to-lowest56.9 / 100-2.6 pp vs world79.8%78 of 205 · highest-to-lowest62.3 / 100+3.0 pp vs world0.8%132 of 205 · highest-to-lowest35.8 / 100-0.5 pp vs world0.0%91 of 205 · highest-to-lowest55.9 / 100-100.0 pp vs world
Iceland199913.6%97 of 205 · highest-to-lowest52.9 / 100-3.9 pp vs world77.0%91 of 205 · highest-to-lowest55.9 / 100+1.0 pp vs world0.8%145 of 205 · highest-to-lowest29.4 / 100-2.5 pp vs world0.0%92 of 205 · highest-to-lowest55.4 / 100-100.0 pp vs world
Iceland200013.1%105 of 205 · highest-to-lowest49.0 / 100-4.2 pp vs world77.3%88 of 205 · highest-to-lowest57.4 / 100+3.4 pp vs world1.3%153 of 205 · highest-to-lowest25.5 / 100-5.1 pp vs world0.0%95 of 205 · highest-to-lowest53.9 / 100-100.0 pp vs world
Iceland200114.9%91 of 205 · highest-to-lowest55.9 / 100-1.5 pp vs world78.1%86 of 205 · highest-to-lowest58.3 / 100+5.4 pp vs world7.1%55 of 205 · highest-to-lowest73.5 / 100+7.9 pp vs world0.0%94 of 205 · highest-to-lowest54.4 / 100-100.0 pp vs world
Iceland200212.9%104 of 205 · highest-to-lowest49.5 / 100-3.0 pp vs world76.9%89 of 205 · highest-to-lowest56.9 / 100+4.8 pp vs world-1.4%166 of 205 · highest-to-lowest19.1 / 100-2.4 pp vs world0.0%98 of 205 · highest-to-lowest52.5 / 100-100.0 pp vs world
Iceland200312.4%107 of 205 · highest-to-lowest48.0 / 100-3.5 pp vs world77.1%82 of 205 · highest-to-lowest60.3 / 100+5.6 pp vs world-0.3%156 of 205 · highest-to-lowest24.0 / 100-3.8 pp vs world0.0%97 of 205 · highest-to-lowest52.9 / 100-100.0 pp vs world
Iceland200411.9%107 of 206 · highest-to-lowest48.3 / 100-5.4 pp vs world76.4%89 of 206 · highest-to-lowest57.1 / 100-0.1 pp vs world7.9%54 of 205 · highest-to-lowest74.0 / 100-11.7 pp vs world0.0%97 of 206 · highest-to-lowest53.2 / 100-100.0 pp vs world
Iceland200510.0%126 of 208 · highest-to-lowest39.6 / 100-7.1 pp vs world73.2%95 of 208 · highest-to-lowest54.6 / 100-0.7 pp vs world0.0%167 of 206 · highest-to-lowest19.0 / 100-4.3 pp vs world0.0%102 of 208 · highest-to-lowest51.2 / 100-100.0 pp vs world
Iceland200610.5%120 of 208 · highest-to-lowest42.5 / 100-6.6 pp vs world71.2%100 of 208 · highest-to-lowest52.2 / 100-1.3 pp vs world7.2%81 of 207 · highest-to-lowest61.2 / 100+0.5 pp vs world0.0%103 of 208 · highest-to-lowest50.7 / 100-100.0 pp vs world
Iceland20078.9%133 of 208 · highest-to-lowest36.2 / 100-8.2 pp vs world69.4%111 of 208 · highest-to-lowest46.9 / 100-3.0 pp vs world6.1%82 of 207 · highest-to-lowest60.7 / 100+0.1 pp vs world0.0%106 of 208 · highest-to-lowest49.3 / 100-100.0 pp vs world
Iceland200812.1%110 of 210 · highest-to-lowest47.8 / 100-4.7 pp vs world71.6%100 of 210 · highest-to-lowest52.6 / 100+1.7 pp vs world6.5%53 of 208 · highest-to-lowest74.9 / 100+5.3 pp vs world0.0%108 of 210 · highest-to-lowest48.8 / 100-100.0 pp vs world
Iceland200912.0%106 of 210 · highest-to-lowest49.8 / 100-4.2 pp vs world71.1%102 of 210 · highest-to-lowest51.7 / 100-1.5 pp vs world-5.9%126 of 210 · highest-to-lowest40.2 / 100+0.5 pp vs world0.0%113 of 210 · highest-to-lowest46.4 / 100-100.0 pp vs world
Iceland201014.3%83 of 210 · highest-to-lowest60.8 / 100-2.4 pp vs world72.2%92 of 210 · highest-to-lowest56.5 / 100+1.4 pp vs world3.9%117 of 210 · highest-to-lowest44.5 / 100-5.2 pp vs world0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland201114.5%75 of 210 · highest-to-lowest64.6 / 100-2.3 pp vs world71.3%93 of 210 · highest-to-lowest56.0 / 100+2.0 pp vs world6.2%76 of 210 · highest-to-lowest64.1 / 100+1.9 pp vs world0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland201213.0%87 of 210 · highest-to-lowest58.9 / 100-3.8 pp vs world68.8%97 of 210 · highest-to-lowest54.1 / 100-0.7 pp vs world3.1%82 of 210 · highest-to-lowest61.2 / 100+0.8 pp vs world0.0%115 of 210 · highest-to-lowest45.5 / 100-100.0 pp vs world
Iceland201312.4%94 of 210 · highest-to-lowest55.5 / 100-4.2 pp vs world68.4%98 of 210 · highest-to-lowest53.6 / 100-1.5 pp vs world2.7%102 of 210 · highest-to-lowest51.7 / 100-0.5 pp vs world0.0%113 of 210 · highest-to-lowest46.4 / 100-100.0 pp vs world
Iceland201412.8%89 of 210 · highest-to-lowest57.9 / 100-4.0 pp vs world72.0%89 of 210 · highest-to-lowest57.9 / 100+0.2 pp vs world6.8%54 of 210 · highest-to-lowest74.6 / 100+2.6 pp vs world0.0%114 of 210 · highest-to-lowest45.9 / 100-100.0 pp vs world
Iceland201512.0%102 of 210 · highest-to-lowest51.7 / 100-5.1 pp vs world71.3%96 of 210 · highest-to-lowest54.5 / 100-4.9 pp vs world3.6%95 of 210 · highest-to-lowest55.0 / 100+0.0 pp vs world0.0%112 of 210 · highest-to-lowest46.9 / 100-100.0 pp vs world
Iceland201610.6%119 of 210 · highest-to-lowest43.5 / 100-6.2 pp vs world69.7%101 of 210 · highest-to-lowest52.2 / 100-7.7 pp vs world0.9%142 of 210 · highest-to-lowest32.5 / 100-1.6 pp vs world0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland20179.9%124 of 210 · highest-to-lowest41.1 / 100-6.8 pp vs world68.7%106 of 210 · highest-to-lowest49.8 / 100-7.4 pp vs world-3.9%186 of 210 · highest-to-lowest11.5 / 100-7.2 pp vs world0.0%110 of 210 · highest-to-lowest47.8 / 100-100.0 pp vs world
Iceland201810.1%118 of 210 · highest-to-lowest44.0 / 100-6.7 pp vs world69.1%100 of 210 · highest-to-lowest52.6 / 100-6.0 pp vs world9.4%33 of 210 · highest-to-lowest84.7 / 100+5.4 pp vs world0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland20199.4%124 of 210 · highest-to-lowest41.1 / 100-7.1 pp vs world67.8%103 of 210 · highest-to-lowest51.2 / 100-7.8 pp vs world-7.2%198 of 210 · highest-to-lowest5.7 / 100-8.7 pp vs world0.0%112 of 210 · highest-to-lowest46.9 / 100-100.0 pp vs world
Iceland20209.9%120 of 210 · highest-to-lowest43.1 / 100-6.5 pp vs world67.5%105 of 210 · highest-to-lowest50.2 / 100-10.1 pp vs world-2.0%78 of 210 · highest-to-lowest63.2 / 100+0.4 pp vs world0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world
Iceland202111.1%109 of 210 · highest-to-lowest48.3 / 100-5.8 pp vs world70.6%98 of 210 · highest-to-lowest53.6 / 100-4.8 pp vs world11.6%47 of 210 · highest-to-lowest78.0 / 100+2.6 pp vs world0.0%110 of 210 · highest-to-lowest47.8 / 100-100.0 pp vs world
Iceland202211.0%110 of 210 · highest-to-lowest47.8 / 100-5.4 pp vs world68.6%102 of 210 · highest-to-lowest51.7 / 100-3.3 pp vs world0.7%145 of 210 · highest-to-lowest31.1 / 100-1.4 pp vs world0.0%112 of 210 · highest-to-lowest46.9 / 100-100.0 pp vs world
Iceland20239.5%123 of 210 · highest-to-lowest41.6 / 100-6.5 pp vs world66.7%108 of 210 · highest-to-lowest48.8 / 100-6.7 pp vs world-5.6%186 of 210 · highest-to-lowest11.5 / 100-7.2 pp vs world0.0%113 of 210 · highest-to-lowest46.4 / 100-100.0 pp vs world
Iceland202410.0%119 of 210 · highest-to-lowest43.5 / 100-5.7 pp vs world69.1%101 of 210 · highest-to-lowest52.2 / 100-5.0 pp vs world4.8%61 of 210 · highest-to-lowest71.3 / 100+1.8 pp vs world0.0%111 of 210 · highest-to-lowest47.4 / 100-100.0 pp vs world

Calculations created by Tesseron World Observatory, data from UNSD Analysis of Main Aggregates (2026-01-28_89ede278; source updated 2026-01-28T00:00:00).

Interpretation note

Manufacturing is part of mining, manufacturing and utilities; it is not a seventh broad-industry slice. Share and real growth describe different dimensions.

Current manufacturing specialization

Europe0.68×
Northern Europe0.80×
World0.64×