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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Economic overview annual rank and index table

Iceland	1970	$545.12M	Not published	Not published	0.0 (world = 100)	Not published	Not published	Not published	Not published	$2,666	Not published	Not published	287.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1971	$693.68M	Not published	Not published	0.0 (world = 100)	13.1%	Not published	Not published	+8.9 pp vs world	$3,365	Not published	Not published	336.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1972	$869.00M	Not published	Not published	0.0 (world = 100)	6.2%	Not published	Not published	+0.8 pp vs world	$4,154	Not published	Not published	367.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1973	$1.19B	Not published	Not published	0.0 (world = 100)	6.8%	Not published	Not published	+0.4 pp vs world	$5,625	Not published	Not published	417.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1974	$1.57B	Not published	Not published	0.0 (world = 100)	5.7%	Not published	Not published	+3.6 pp vs world	$7,285	Not published	Not published	485.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1975	$1.46B	Not published	Not published	0.0 (world = 100)	0.6%	Not published	Not published	-0.2 pp vs world	$6,679	Not published	Not published	405.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1976	$1.73B	Not published	Not published	0.0 (world = 100)	6.0%	Not published	Not published	+0.8 pp vs world	$7,847	Not published	Not published	449.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1977	$2.29B	Not published	Not published	0.0 (world = 100)	8.8%	Not published	Not published	+4.7 pp vs world	$10,304	Not published	Not published	533.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1978	$2.60B	Not published	Not published	0.0 (world = 100)	6.0%	Not published	Not published	+1.6 pp vs world	$11,628	Not published	Not published	516.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1979	$2.95B	Not published	Not published	0.0 (world = 100)	4.9%	Not published	Not published	+0.8 pp vs world	$13,081	Not published	Not published	513.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1980	$3.50B	Not published	Not published	0.0 (world = 100)	5.7%	Not published	Not published	+3.8 pp vs world	$15,339	Not published	Not published	549.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1981	$3.62B	Not published	Not published	0.0 (world = 100)	4.3%	Not published	Not published	+2.3 pp vs world	$15,667	Not published	Not published	559.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1982	$3.32B	Not published	Not published	0.0 (world = 100)	2.2%	Not published	Not published	+1.7 pp vs world	$14,192	Not published	Not published	520.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1983	$2.86B	Not published	Not published	0.0 (world = 100)	-2.2%	Not published	Not published	-5.0 pp vs world	$12,080	Not published	Not published	439.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1984	$2.96B	Not published	Not published	0.0 (world = 100)	4.1%	Not published	Not published	-0.6 pp vs world	$12,378	Not published	Not published	445.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1985	$3.09B	Not published	Not published	0.0 (world = 100)	3.3%	Not published	Not published	-0.2 pp vs world	$12,793	Not published	Not published	456.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1986	$4.13B	Not published	Not published	0.0 (world = 100)	6.3%	Not published	Not published	+3.1 pp vs world	$16,979	Not published	Not published	535.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1987	$5.71B	Not published	Not published	0.0 (world = 100)	8.5%	Not published	Not published	+4.9 pp vs world	$23,238	Not published	Not published	659.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1988	$6.32B	Not published	Not published	0.0 (world = 100)	-0.1%	Not published	Not published	-4.6 pp vs world	$25,308	Not published	Not published	654.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1989	$5.87B	Not published	Not published	0.0 (world = 100)	0.3%	Not published	Not published	-3.5 pp vs world	$23,219	Not published	Not published	584.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1990	$6.69B	Not published	Not published	0.0 (world = 100)	1.2%	Not published	Not published	-1.9 pp vs world	$26,272	Not published	Not published	605.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1991	$7.15B	Not published	Not published	0.0 (world = 100)	-0.2%	Not published	Not published	-1.5 pp vs world	$27,738	Not published	Not published	619.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1992	$7.33B	Not published	Not published	0.0 (world = 100)	-3.4%	Not published	Not published	-5.4 pp vs world	$28,069	Not published	Not published	594.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1993	$6.44B	Not published	Not published	0.0 (world = 100)	1.3%	Not published	Not published	-0.4 pp vs world	$24,401	Not published	Not published	515.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1994	$6.61B	Not published	Not published	0.0 (world = 100)	3.6%	Not published	Not published	+0.3 pp vs world	$24,855	Not published	Not published	499.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1995	$7.37B	Not published	Not published	0.0 (world = 100)	0.1%	Not published	Not published	-3.0 pp vs world	$27,560	Not published	Not published	506.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1996	$7.69B	Not published	Not published	0.0 (world = 100)	4.5%	Not published	Not published	+0.9 pp vs world	$28,579	Not published	Not published	521.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1997	$7.72B	Not published	Not published	0.0 (world = 100)	4.1%	Not published	Not published	+0.3 pp vs world	$28,456	Not published	Not published	529.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1998	$8.64B	Not published	Not published	0.0 (world = 100)	7.0%	Not published	Not published	+4.2 pp vs world	$31,512	Not published	Not published	597.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1999	$9.11B	Not published	Not published	0.0 (world = 100)	3.9%	Not published	Not published	+0.3 pp vs world	$32,826	Not published	Not published	607.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2000	$9.14B	Not published	Not published	0.0 (world = 100)	4.9%	Not published	Not published	+0.4 pp vs world	$32,495	Not published	Not published	591.9 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2001	$8.32B	Not published	Not published	0.0 (world = 100)	3.8%	Not published	Not published	+1.8 pp vs world	$29,199	Not published	Not published	542.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2002	$9.42B	Not published	Not published	0.0 (world = 100)	0.5%	Not published	Not published	-1.7 pp vs world	$32,740	Not published	Not published	592.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2003	$11.56B	Not published	Not published	0.0 (world = 100)	2.3%	Not published	Not published	-0.7 pp vs world	$39,933	Not published	Not published	652.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2004	$13.96B	Not published	Not published	0.0 (world = 100)	7.6%	Not published	Not published	+3.2 pp vs world	$47,794	Not published	Not published	702.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2005	$17.15B	Not published	Not published	0.0 (world = 100)	7.0%	Not published	Not published	+3.0 pp vs world	$57,764	Not published	Not published	792.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2006	$17.67B	Not published	Not published	0.0 (world = 100)	5.7%	Not published	Not published	+1.2 pp vs world	$58,155	Not published	Not published	745.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2007	$21.96B	Not published	Not published	0.0 (world = 100)	8.7%	Not published	Not published	+4.4 pp vs world	$70,464	Not published	Not published	811.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2008	$18.25B	Not published	Not published	0.0 (world = 100)	1.7%	Not published	Not published	-0.3 pp vs world	$57,471	Not published	Not published	610.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2009	$13.21B	Not published	Not published	0.0 (world = 100)	-8.3%	Not published	Not published	-6.9 pp vs world	$41,469	Not published	Not published	470.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2010	$13.92B	Not published	Not published	0.0 (world = 100)	-2.2%	Not published	Not published	-6.7 pp vs world	$43,760	Not published	Not published	458.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2011	$15.39B	Not published	Not published	0.0 (world = 100)	1.4%	Not published	Not published	-1.9 pp vs world	$48,236	Not published	Not published	460.2 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2012	$14.94B	Not published	Not published	0.0 (world = 100)	1.2%	Not published	Not published	-1.6 pp vs world	$46,577	Not published	Not published	440.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2013	$16.24B	Not published	Not published	0.0 (world = 100)	3.6%	Not published	Not published	+0.8 pp vs world	$50,155	Not published	Not published	466.5 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2014	$18.05B	Not published	Not published	0.0 (world = 100)	1.9%	Not published	Not published	-1.2 pp vs world	$55,119	Not published	Not published	505.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2015	$17.70B	Not published	Not published	0.0 (world = 100)	3.8%	Not published	Not published	+0.6 pp vs world	$53,484	Not published	Not published	525.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2016	$21.08B	Not published	Not published	0.0 (world = 100)	6.2%	Not published	Not published	+3.5 pp vs world	$62,829	Not published	Not published	614.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2017	$25.06B	Not published	Not published	0.0 (world = 100)	3.5%	Not published	Not published	+0.1 pp vs world	$72,949	Not published	Not published	677.6 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2018	$26.68B	Not published	Not published	0.0 (world = 100)	4.7%	Not published	Not published	+1.4 pp vs world	$75,605	Not published	Not published	668.7 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2019	$24.99B	Not published	Not published	0.0 (world = 100)	1.1%	Not published	Not published	-1.5 pp vs world	$69,270	Not published	Not published	610.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2020	$22.03B	Not published	Not published	0.0 (world = 100)	-6.6%	Not published	Not published	-3.7 pp vs world	$60,103	Not published	Not published	548.4 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2021	$26.23B	Not published	Not published	0.0 (world = 100)	5.2%	Not published	Not published	-1.2 pp vs world	$70,402	Not published	Not published	567.1 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2022	$29.17B	Not published	Not published	0.0 (world = 100)	8.8%	Not published	Not published	+5.5 pp vs world	$76,681	Not published	Not published	598.8 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2023	$31.71B	Not published	Not published	0.0 (world = 100)	5.1%	Not published	Not published	+2.2 pp vs world	$81,826	Not published	Not published	617.3 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2024	$33.22B	Not published	Not published	0.0 (world = 100)	-1.2%	Not published	Not published	-4.0 pp vs world	$84,450	Not published	Not published	617.6 (world = 100)	0.0%	Not published	Not published	-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.

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

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.

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

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 unavailable

Share of world GDP0.0%2024 · Derived measure · World rank unavailable

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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Economic size and world position: annual rates, ranks and comparison indices

Iceland	1970	$545.12M	Not published	Not published	0.0 (world = 100)	$4.50B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1971	$693.68M	Not published	Not published	0.0 (world = 100)	$5.08B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1972	$869.00M	Not published	Not published	0.0 (world = 100)	$5.40B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1973	$1.19B	Not published	Not published	0.0 (world = 100)	$5.76B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1974	$1.57B	Not published	Not published	0.0 (world = 100)	$6.09B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1975	$1.46B	Not published	Not published	0.0 (world = 100)	$6.13B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1976	$1.73B	Not published	Not published	0.0 (world = 100)	$6.50B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1977	$2.29B	Not published	Not published	0.0 (world = 100)	$7.07B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1978	$2.60B	Not published	Not published	0.0 (world = 100)	$7.50B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1979	$2.95B	Not published	Not published	0.0 (world = 100)	$7.86B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1980	$3.50B	Not published	Not published	0.0 (world = 100)	$8.31B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1981	$3.62B	Not published	Not published	0.0 (world = 100)	$8.67B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1982	$3.32B	Not published	Not published	0.0 (world = 100)	$8.86B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1983	$2.86B	Not published	Not published	0.0 (world = 100)	$8.66B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1984	$2.96B	Not published	Not published	0.0 (world = 100)	$9.02B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1985	$3.09B	Not published	Not published	0.0 (world = 100)	$9.32B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1986	$4.13B	Not published	Not published	0.0 (world = 100)	$9.90B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1987	$5.71B	Not published	Not published	0.0 (world = 100)	$10.75B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1988	$6.32B	Not published	Not published	0.0 (world = 100)	$10.74B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1989	$5.87B	Not published	Not published	0.0 (world = 100)	$10.77B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1990	$6.69B	Not published	Not published	0.0 (world = 100)	$10.89B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1991	$7.15B	Not published	Not published	0.0 (world = 100)	$10.87B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1992	$7.33B	Not published	Not published	0.0 (world = 100)	$10.50B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1993	$6.44B	Not published	Not published	0.0 (world = 100)	$10.64B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1994	$6.61B	Not published	Not published	0.0 (world = 100)	$11.03B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1995	$7.37B	Not published	Not published	0.0 (world = 100)	$11.04B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1996	$7.69B	Not published	Not published	0.0 (world = 100)	$11.53B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1997	$7.72B	Not published	Not published	0.0 (world = 100)	$12.01B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1998	$8.64B	Not published	Not published	0.0 (world = 100)	$12.85B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1999	$9.11B	Not published	Not published	0.0 (world = 100)	$13.36B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2000	$9.14B	Not published	Not published	0.0 (world = 100)	$14.01B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2001	$8.32B	Not published	Not published	0.0 (world = 100)	$14.55B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2002	$9.42B	Not published	Not published	0.0 (world = 100)	$14.63B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2003	$11.56B	Not published	Not published	0.0 (world = 100)	$14.96B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2004	$13.96B	Not published	Not published	0.0 (world = 100)	$16.10B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2005	$17.15B	Not published	Not published	0.0 (world = 100)	$17.23B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2006	$17.67B	Not published	Not published	0.0 (world = 100)	$18.21B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2007	$21.96B	Not published	Not published	0.0 (world = 100)	$19.80B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2008	$18.25B	Not published	Not published	0.0 (world = 100)	$20.14B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2009	$13.21B	Not published	Not published	0.0 (world = 100)	$18.46B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2010	$13.92B	Not published	Not published	0.0 (world = 100)	$18.05B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2011	$15.39B	Not published	Not published	0.0 (world = 100)	$18.30B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2012	$14.94B	Not published	Not published	0.0 (world = 100)	$18.52B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2013	$16.24B	Not published	Not published	0.0 (world = 100)	$19.18B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2014	$18.05B	Not published	Not published	0.0 (world = 100)	$19.55B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2015	$17.70B	Not published	Not published	0.0 (world = 100)	$20.29B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2016	$21.08B	Not published	Not published	0.0 (world = 100)	$21.55B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2017	$25.06B	Not published	Not published	0.0 (world = 100)	$22.30B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2018	$26.68B	Not published	Not published	0.0 (world = 100)	$23.34B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2019	$24.99B	Not published	Not published	0.0 (world = 100)	$23.60B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2020	$22.03B	Not published	Not published	0.0 (world = 100)	$22.03B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2021	$26.23B	Not published	Not published	0.0 (world = 100)	$23.18B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2022	$29.17B	Not published	Not published	0.0 (world = 100)	$25.22B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2023	$31.71B	Not published	Not published	0.0 (world = 100)	$26.50B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2024	$33.22B	Not published	Not published	0.0 (world = 100)	$26.18B	Not published	Not published	0.0 (world = 100)	0.0%	Not published	Not published	-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.

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

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 unavailable

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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Output and income per person: annual rates, ranks and comparison indices

Iceland	1970	$2,666	Not published	Not published	287.2 (world = 100)	$21,989	Not published	Not published	423.8 (world = 100)
Iceland	1971	$3,365	Not published	Not published	336.0 (world = 100)	$24,657	Not published	Not published	465.3 (world = 100)
Iceland	1972	$4,154	Not published	Not published	367.6 (world = 100)	$25,800	Not published	Not published	471.3 (world = 100)
Iceland	1973	$5,625	Not published	Not published	417.2 (world = 100)	$27,144	Not published	Not published	475.1 (world = 100)
Iceland	1974	$7,285	Not published	Not published	485.9 (world = 100)	$28,308	Not published	Not published	494.5 (world = 100)
Iceland	1975	$6,679	Not published	Not published	405.8 (world = 100)	$28,130	Not published	Not published	496.4 (world = 100)
Iceland	1976	$7,847	Not published	Not published	449.1 (world = 100)	$29,514	Not published	Not published	504.0 (world = 100)
Iceland	1977	$10,304	Not published	Not published	533.0 (world = 100)	$31,879	Not published	Not published	532.1 (world = 100)
Iceland	1978	$11,628	Not published	Not published	516.6 (world = 100)	$33,535	Not published	Not published	545.6 (world = 100)
Iceland	1979	$13,081	Not published	Not published	513.9 (world = 100)	$34,825	Not published	Not published	554.3 (world = 100)
Iceland	1980	$15,339	Not published	Not published	549.7 (world = 100)	$36,441	Not published	Not published	579.4 (world = 100)
Iceland	1981	$15,667	Not published	Not published	559.3 (world = 100)	$37,567	Not published	Not published	596.5 (world = 100)
Iceland	1982	$14,192	Not published	Not published	520.0 (world = 100)	$37,867	Not published	Not published	609.6 (world = 100)
Iceland	1983	$12,080	Not published	Not published	439.6 (world = 100)	$36,565	Not published	Not published	582.9 (world = 100)
Iceland	1984	$12,378	Not published	Not published	445.8 (world = 100)	$37,672	Not published	Not published	584.1 (world = 100)
Iceland	1985	$12,793	Not published	Not published	456.9 (world = 100)	$38,606	Not published	Not published	588.7 (world = 100)
Iceland	1986	$16,979	Not published	Not published	535.5 (world = 100)	$40,726	Not published	Not published	612.8 (world = 100)
Iceland	1987	$23,238	Not published	Not published	659.8 (world = 100)	$43,726	Not published	Not published	646.6 (world = 100)
Iceland	1988	$25,308	Not published	Not published	654.1 (world = 100)	$43,009	Not published	Not published	619.7 (world = 100)
Iceland	1989	$23,219	Not published	Not published	584.3 (world = 100)	$42,588	Not published	Not published	602.3 (world = 100)
Iceland	1990	$26,272	Not published	Not published	605.5 (world = 100)	$42,751	Not published	Not published	597.3 (world = 100)
Iceland	1991	$27,738	Not published	Not published	619.2 (world = 100)	$42,162	Not published	Not published	591.9 (world = 100)
Iceland	1992	$28,069	Not published	Not published	594.9 (world = 100)	$40,229	Not published	Not published	562.3 (world = 100)
Iceland	1993	$24,401	Not published	Not published	515.3 (world = 100)	$40,345	Not published	Not published	562.9 (world = 100)
Iceland	1994	$24,855	Not published	Not published	499.4 (world = 100)	$41,440	Not published	Not published	568.2 (world = 100)
Iceland	1995	$27,560	Not published	Not published	506.7 (world = 100)	$41,262	Not published	Not published	556.8 (world = 100)
Iceland	1996	$28,579	Not published	Not published	521.8 (world = 100)	$42,885	Not published	Not published	567.0 (world = 100)
Iceland	1997	$28,456	Not published	Not published	529.3 (world = 100)	$44,295	Not published	Not published	571.6 (world = 100)
Iceland	1998	$31,512	Not published	Not published	597.9 (world = 100)	$46,894	Not published	Not published	596.8 (world = 100)
Iceland	1999	$32,826	Not published	Not published	607.5 (world = 100)	$48,136	Not published	Not published	599.5 (world = 100)
Iceland	2000	$32,495	Not published	Not published	591.9 (world = 100)	$49,809	Not published	Not published	601.9 (world = 100)
Iceland	2001	$29,199	Not published	Not published	542.0 (world = 100)	$51,038	Not published	Not published	612.3 (world = 100)
Iceland	2002	$32,740	Not published	Not published	592.0 (world = 100)	$50,859	Not published	Not published	604.9 (world = 100)
Iceland	2003	$39,933	Not published	Not published	652.0 (world = 100)	$51,660	Not published	Not published	604.3 (world = 100)
Iceland	2004	$47,794	Not published	Not published	702.1 (world = 100)	$55,110	Not published	Not published	625.3 (world = 100)
Iceland	2005	$57,764	Not published	Not published	792.8 (world = 100)	$58,057	Not published	Not published	641.7 (world = 100)
Iceland	2006	$58,155	Not published	Not published	745.8 (world = 100)	$59,929	Not published	Not published	642.4 (world = 100)
Iceland	2007	$70,464	Not published	Not published	811.4 (world = 100)	$63,541	Not published	Not published	661.2 (world = 100)
Iceland	2008	$57,471	Not published	Not published	610.4 (world = 100)	$63,428	Not published	Not published	655.4 (world = 100)
Iceland	2009	$41,469	Not published	Not published	470.1 (world = 100)	$57,949	Not published	Not published	615.2 (world = 100)
Iceland	2010	$43,760	Not published	Not published	458.7 (world = 100)	$56,742	Not published	Not published	584.2 (world = 100)
Iceland	2011	$48,236	Not published	Not published	460.2 (world = 100)	$57,349	Not published	Not published	578.9 (world = 100)
Iceland	2012	$46,577	Not published	Not published	440.6 (world = 100)	$57,711	Not published	Not published	574.2 (world = 100)
Iceland	2013	$50,155	Not published	Not published	466.5 (world = 100)	$59,225	Not published	Not published	580.4 (world = 100)
Iceland	2014	$55,119	Not published	Not published	505.7 (world = 100)	$59,690	Not published	Not published	574.5 (world = 100)
Iceland	2015	$53,484	Not published	Not published	525.1 (world = 100)	$61,296	Not published	Not published	578.9 (world = 100)
Iceland	2016	$62,829	Not published	Not published	614.0 (world = 100)	$64,211	Not published	Not published	597.2 (world = 100)
Iceland	2017	$72,949	Not published	Not published	677.6 (world = 100)	$64,909	Not published	Not published	590.4 (world = 100)
Iceland	2018	$75,605	Not published	Not published	668.7 (world = 100)	$66,140	Not published	Not published	589.1 (world = 100)
Iceland	2019	$69,270	Not published	Not published	610.4 (world = 100)	$65,438	Not published	Not published	573.9 (world = 100)
Iceland	2020	$60,103	Not published	Not published	548.4 (world = 100)	$60,103	Not published	Not published	548.4 (world = 100)
Iceland	2021	$70,402	Not published	Not published	567.1 (world = 100)	$62,194	Not published	Not published	537.8 (world = 100)
Iceland	2022	$76,681	Not published	Not published	598.8 (world = 100)	$66,308	Not published	Not published	559.6 (world = 100)
Iceland	2023	$81,826	Not published	Not published	617.3 (world = 100)	$68,387	Not published	Not published	565.7 (world = 100)
Iceland	2024	$84,450	Not published	Not published	617.6 (world = 100)	$66,560	Not published	Not published	540.1 (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.

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

IcelandNorthern EuropeEuropeWorldConstant prices · percent

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 unavailable

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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Real growth and output prices: annual rates, ranks and comparison indices

Iceland	1970	Not published	Not published	Not published	Not published	Not published	Not published	Not published	Not published	0.1	Not published	Not published
Iceland	1971	13.1%	Not published	Not published	+8.9 pp vs world	12.1%	Not published	Not published	+10.0 pp vs world	0.1	Not published	Not published
Iceland	1972	6.2%	Not published	Not published	+0.8 pp vs world	4.6%	Not published	Not published	+1.3 pp vs world	0.1	Not published	Not published
Iceland	1973	6.8%	Not published	Not published	+0.4 pp vs world	5.2%	Not published	Not published	+0.8 pp vs world	0.1	Not published	Not published
Iceland	1974	5.7%	Not published	Not published	+3.6 pp vs world	4.3%	Not published	Not published	+4.1 pp vs world	0.2	Not published	Not published
Iceland	1975	0.6%	Not published	Not published	-0.2 pp vs world	-0.6%	Not published	Not published	+0.4 pp vs world	0.3	Not published	Not published
Iceland	1976	6.0%	Not published	Not published	+0.8 pp vs world	4.9%	Not published	Not published	+1.6 pp vs world	0.4	Not published	Not published
Iceland	1977	8.8%	Not published	Not published	+4.7 pp vs world	8.0%	Not published	Not published	+5.7 pp vs world	0.5	Not published	Not published
Iceland	1978	6.0%	Not published	Not published	+1.6 pp vs world	5.2%	Not published	Not published	+2.6 pp vs world	0.7	Not published	Not published
Iceland	1979	4.9%	Not published	Not published	+0.8 pp vs world	3.8%	Not published	Not published	+1.6 pp vs world	1.0	Not published	Not published
Iceland	1980	5.7%	Not published	Not published	+3.8 pp vs world	4.6%	Not published	Not published	+4.5 pp vs world	1.5	Not published	Not published
Iceland	1981	4.3%	Not published	Not published	+2.3 pp vs world	3.1%	Not published	Not published	+3.0 pp vs world	2.2	Not published	Not published
Iceland	1982	2.2%	Not published	Not published	+1.7 pp vs world	0.8%	Not published	Not published	+2.2 pp vs world	3.4	Not published	Not published
Iceland	1983	-2.2%	Not published	Not published	-5.0 pp vs world	-3.4%	Not published	Not published	-4.4 pp vs world	6.1	Not published	Not published
Iceland	1984	4.1%	Not published	Not published	-0.6 pp vs world	3.0%	Not published	Not published	+0.2 pp vs world	7.7	Not published	Not published
Iceland	1985	3.3%	Not published	Not published	-0.2 pp vs world	2.5%	Not published	Not published	+0.8 pp vs world	10.2	Not published	Not published
Iceland	1986	6.3%	Not published	Not published	+3.1 pp vs world	5.5%	Not published	Not published	+4.2 pp vs world	12.7	Not published	Not published
Iceland	1987	8.5%	Not published	Not published	+4.9 pp vs world	7.4%	Not published	Not published	+5.6 pp vs world	15.2	Not published	Not published
Iceland	1988	-0.1%	Not published	Not published	-4.6 pp vs world	-1.6%	Not published	Not published	-4.3 pp vs world	18.7	Not published	Not published
Iceland	1989	0.3%	Not published	Not published	-3.5 pp vs world	-1.0%	Not published	Not published	-2.9 pp vs world	23.0	Not published	Not published
Iceland	1990	1.2%	Not published	Not published	-1.9 pp vs world	0.4%	Not published	Not published	-0.8 pp vs world	26.4	Not published	Not published
Iceland	1991	-0.2%	Not published	Not published	-1.5 pp vs world	-1.4%	Not published	Not published	-0.9 pp vs world	28.7	Not published	Not published
Iceland	1992	-3.4%	Not published	Not published	-5.4 pp vs world	-4.6%	Not published	Not published	-5.0 pp vs world	29.6	Not published	Not published
Iceland	1993	1.3%	Not published	Not published	-0.4 pp vs world	0.3%	Not published	Not published	+0.1 pp vs world	30.2	Not published	Not published
Iceland	1994	3.6%	Not published	Not published	+0.3 pp vs world	2.7%	Not published	Not published	+1.0 pp vs world	31.0	Not published	Not published
Iceland	1995	0.1%	Not published	Not published	-3.0 pp vs world	-0.4%	Not published	Not published	-2.0 pp vs world	31.9	Not published	Not published
Iceland	1996	4.5%	Not published	Not published	+0.9 pp vs world	3.9%	Not published	Not published	+1.9 pp vs world	32.7	Not published	Not published
Iceland	1997	4.1%	Not published	Not published	+0.3 pp vs world	3.3%	Not published	Not published	+0.8 pp vs world	33.6	Not published	Not published
Iceland	1998	7.0%	Not published	Not published	+4.2 pp vs world	5.9%	Not published	Not published	+4.5 pp vs world	35.2	Not published	Not published
Iceland	1999	3.9%	Not published	Not published	+0.3 pp vs world	2.6%	Not published	Not published	+0.5 pp vs world	36.4	Not published	Not published
Iceland	2000	4.9%	Not published	Not published	+0.4 pp vs world	3.5%	Not published	Not published	+0.4 pp vs world	37.9	Not published	Not published
Iceland	2001	3.8%	Not published	Not published	+1.8 pp vs world	2.5%	Not published	Not published	+1.7 pp vs world	41.2	Not published	Not published
Iceland	2002	0.5%	Not published	Not published	-1.7 pp vs world	-0.4%	Not published	Not published	-1.2 pp vs world	43.6	Not published	Not published
Iceland	2003	2.3%	Not published	Not published	-0.7 pp vs world	1.6%	Not published	Not published	-0.1 pp vs world	43.8	Not published	Not published
Iceland	2004	7.6%	Not published	Not published	+3.2 pp vs world	6.7%	Not published	Not published	+3.6 pp vs world	45.0	Not published	Not published
Iceland	2005	7.0%	Not published	Not published	+3.0 pp vs world	5.3%	Not published	Not published	+2.7 pp vs world	46.3	Not published	Not published
Iceland	2006	5.7%	Not published	Not published	+1.2 pp vs world	3.2%	Not published	Not published	+0.1 pp vs world	50.3	Not published	Not published
Iceland	2007	8.7%	Not published	Not published	+4.4 pp vs world	6.0%	Not published	Not published	+3.0 pp vs world	52.5	Not published	Not published
Iceland	2008	1.7%	Not published	Not published	-0.3 pp vs world	-0.2%	Not published	Not published	-0.9 pp vs world	58.8	Not published	Not published
Iceland	2009	-8.3%	Not published	Not published	-6.9 pp vs world	-8.6%	Not published	Not published	-6.0 pp vs world	65.3	Not published	Not published
Iceland	2010	-2.2%	Not published	Not published	-6.7 pp vs world	-2.1%	Not published	Not published	-5.2 pp vs world	69.6	Not published	Not published
Iceland	2011	1.4%	Not published	Not published	-1.9 pp vs world	1.1%	Not published	Not published	-0.9 pp vs world	72.0	Not published	Not published
Iceland	2012	1.2%	Not published	Not published	-1.6 pp vs world	0.6%	Not published	Not published	-0.8 pp vs world	74.5	Not published	Not published
Iceland	2013	3.6%	Not published	Not published	+0.8 pp vs world	2.6%	Not published	Not published	+1.1 pp vs world	76.4	Not published	Not published
Iceland	2014	1.9%	Not published	Not published	-1.2 pp vs world	0.8%	Not published	Not published	-1.0 pp vs world	79.6	Not published	Not published
Iceland	2015	3.8%	Not published	Not published	+0.6 pp vs world	2.7%	Not published	Not published	+0.8 pp vs world	85.0	Not published	Not published
Iceland	2016	6.2%	Not published	Not published	+3.5 pp vs world	4.8%	Not published	Not published	+3.2 pp vs world	87.3	Not published	Not published
Iceland	2017	3.5%	Not published	Not published	+0.1 pp vs world	1.1%	Not published	Not published	-1.2 pp vs world	88.7	Not published	Not published
Iceland	2018	4.7%	Not published	Not published	+1.4 pp vs world	1.9%	Not published	Not published	-0.2 pp vs world	91.4	Not published	Not published
Iceland	2019	1.1%	Not published	Not published	-1.5 pp vs world	-1.1%	Not published	Not published	-2.6 pp vs world	95.8	Not published	Not published
Iceland	2020	-6.6%	Not published	Not published	-3.7 pp vs world	-8.2%	Not published	Not published	-4.3 pp vs world	100.0	Not published	Not published
Iceland	2021	5.2%	Not published	Not published	-1.2 pp vs world	3.5%	Not published	Not published	-2.0 pp vs world	106.1	Not published	Not published
Iceland	2022	8.8%	Not published	Not published	+5.5 pp vs world	6.6%	Not published	Not published	+4.1 pp vs world	115.5	Not published	Not published
Iceland	2023	5.1%	Not published	Not published	+2.2 pp vs world	3.1%	Not published	Not published	+1.1 pp vs world	121.9	Not published	Not published
Iceland	2024	-1.2%	Not published	Not published	-4.0 pp vs world	-2.7%	Not published	Not published	-4.6 pp vs world	129.3	Not published	Not published

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.

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

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 unavailable

Household consumption49.1%2024 · Published series · World rank unavailable

Government consumption25.9%2024 · Published series · World rank unavailable

Domestic demand101.3%2024 · Derived measure · World rank unavailable

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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Consumption and domestic demand: annual rates, ranks and comparison indices

Iceland	1970	72.9%	Not published	Not published	+0.2 pp vs world	58.0%	Not published	Not published	+1.0 pp vs world	14.9%	Not published	Not published	-0.6 pp vs world	99.8%	Not published	Not published	-0.7 pp vs world
Iceland	1971	73.1%	Not published	Not published	+0.0 pp vs world	57.6%	Not published	Not published	+0.6 pp vs world	15.4%	Not published	Not published	-0.5 pp vs world	109.0%	Not published	Not published	+8.5 pp vs world
Iceland	1972	73.6%	Not published	Not published	+0.7 pp vs world	56.5%	Not published	Not published	-0.4 pp vs world	17.1%	Not published	Not published	+1.2 pp vs world	104.2%	Not published	Not published	+3.9 pp vs world
Iceland	1973	70.0%	Not published	Not published	-1.7 pp vs world	53.4%	Not published	Not published	-2.5 pp vs world	16.6%	Not published	Not published	+0.9 pp vs world	104.8%	Not published	Not published	+4.5 pp vs world
Iceland	1974	74.1%	Not published	Not published	+2.3 pp vs world	55.7%	Not published	Not published	+0.0 pp vs world	18.4%	Not published	Not published	+2.4 pp vs world	113.2%	Not published	Not published	+12.9 pp vs world
Iceland	1975	73.7%	Not published	Not published	+0.0 pp vs world	54.8%	Not published	Not published	-1.8 pp vs world	18.9%	Not published	Not published	+1.9 pp vs world	111.8%	Not published	Not published	+11.4 pp vs world
Iceland	1976	71.3%	Not published	Not published	-1.6 pp vs world	53.4%	Not published	Not published	-2.8 pp vs world	18.0%	Not published	Not published	+1.3 pp vs world	102.3%	Not published	Not published	+1.3 pp vs world
Iceland	1977	71.3%	Not published	Not published	-1.6 pp vs world	53.2%	Not published	Not published	-3.0 pp vs world	18.1%	Not published	Not published	+1.5 pp vs world	103.6%	Not published	Not published	+2.4 pp vs world
Iceland	1978	72.8%	Not published	Not published	+0.1 pp vs world	53.6%	Not published	Not published	-2.4 pp vs world	19.2%	Not published	Not published	+2.6 pp vs world	99.4%	Not published	Not published	-1.7 pp vs world
Iceland	1979	74.4%	Not published	Not published	+1.8 pp vs world	54.6%	Not published	Not published	-1.5 pp vs world	19.8%	Not published	Not published	+3.4 pp vs world	101.3%	Not published	Not published	+0.4 pp vs world
Iceland	1980	73.5%	Not published	Not published	+0.4 pp vs world	54.4%	Not published	Not published	-2.1 pp vs world	19.1%	Not published	Not published	+2.5 pp vs world	102.6%	Not published	Not published	+1.5 pp vs world
Iceland	1981	75.3%	Not published	Not published	+1.9 pp vs world	55.8%	Not published	Not published	-0.8 pp vs world	19.4%	Not published	Not published	+2.7 pp vs world	104.1%	Not published	Not published	+3.2 pp vs world
Iceland	1982	77.3%	Not published	Not published	+2.7 pp vs world	56.9%	Not published	Not published	-0.5 pp vs world	20.5%	Not published	Not published	+3.3 pp vs world	107.5%	Not published	Not published	+6.6 pp vs world
Iceland	1983	77.4%	Not published	Not published	+2.4 pp vs world	56.9%	Not published	Not published	-1.0 pp vs world	20.5%	Not published	Not published	+3.5 pp vs world	100.1%	Not published	Not published	-0.8 pp vs world
Iceland	1984	77.4%	Not published	Not published	+3.0 pp vs world	58.5%	Not published	Not published	+0.8 pp vs world	18.9%	Not published	Not published	+2.3 pp vs world	102.3%	Not published	Not published	+1.5 pp vs world
Iceland	1985	79.6%	Not published	Not published	+4.7 pp vs world	59.7%	Not published	Not published	+1.5 pp vs world	19.9%	Not published	Not published	+3.2 pp vs world	101.9%	Not published	Not published	+1.4 pp vs world
Iceland	1986	78.3%	Not published	Not published	+3.0 pp vs world	57.9%	Not published	Not published	-0.3 pp vs world	20.4%	Not published	Not published	+3.4 pp vs world	98.1%	Not published	Not published	-2.6 pp vs world
Iceland	1987	81.0%	Not published	Not published	+5.9 pp vs world	59.7%	Not published	Not published	+1.6 pp vs world	21.3%	Not published	Not published	+4.4 pp vs world	103.2%	Not published	Not published	+2.7 pp vs world
Iceland	1988	80.8%	Not published	Not published	+6.4 pp vs world	58.4%	Not published	Not published	+0.6 pp vs world	22.5%	Not published	Not published	+5.9 pp vs world	103.2%	Not published	Not published	+2.5 pp vs world
Iceland	1989	79.6%	Not published	Not published	+5.5 pp vs world	57.9%	Not published	Not published	+0.2 pp vs world	21.7%	Not published	Not published	+5.4 pp vs world	99.8%	Not published	Not published	-0.5 pp vs world
Iceland	1990	78.5%	Not published	Not published	+3.7 pp vs world	56.9%	Not published	Not published	-1.2 pp vs world	21.6%	Not published	Not published	+5.0 pp vs world	98.9%	Not published	Not published	-1.7 pp vs world
Iceland	1991	80.0%	Not published	Not published	+4.9 pp vs world	57.7%	Not published	Not published	-0.4 pp vs world	22.3%	Not published	Not published	+5.4 pp vs world	101.5%	Not published	Not published	+1.2 pp vs world
Iceland	1992	80.8%	Not published	Not published	+5.6 pp vs world	57.8%	Not published	Not published	-0.5 pp vs world	23.0%	Not published	Not published	+6.1 pp vs world	100.3%	Not published	Not published	+0.4 pp vs world
Iceland	1993	78.9%	Not published	Not published	+3.4 pp vs world	55.4%	Not published	Not published	-3.4 pp vs world	23.5%	Not published	Not published	+6.8 pp vs world	97.1%	Not published	Not published	-2.6 pp vs world
Iceland	1994	77.9%	Not published	Not published	+2.4 pp vs world	54.5%	Not published	Not published	-4.4 pp vs world	23.4%	Not published	Not published	+6.9 pp vs world	95.1%	Not published	Not published	-4.8 pp vs world
Iceland	1995	79.1%	Not published	Not published	+4.2 pp vs world	55.2%	Not published	Not published	-3.3 pp vs world	23.9%	Not published	Not published	+7.5 pp vs world	96.7%	Not published	Not published	-2.8 pp vs world
Iceland	1996	79.5%	Not published	Not published	+4.4 pp vs world	55.6%	Not published	Not published	-3.1 pp vs world	23.8%	Not published	Not published	+7.6 pp vs world	99.5%	Not published	Not published	+0.1 pp vs world
Iceland	1997	78.2%	Not published	Not published	+3.1 pp vs world	55.9%	Not published	Not published	-3.2 pp vs world	22.3%	Not published	Not published	+6.3 pp vs world	99.5%	Not published	Not published	+0.1 pp vs world
Iceland	1998	78.8%	Not published	Not published	+3.2 pp vs world	56.3%	Not published	Not published	-3.2 pp vs world	22.5%	Not published	Not published	+6.4 pp vs world	104.3%	Not published	Not published	+4.7 pp vs world
Iceland	1999	81.2%	Not published	Not published	+5.4 pp vs world	58.0%	Not published	Not published	-1.7 pp vs world	23.2%	Not published	Not published	+7.1 pp vs world	104.5%	Not published	Not published	+4.7 pp vs world
Iceland	2000	82.2%	Not published	Not published	+6.6 pp vs world	58.5%	Not published	Not published	-1.2 pp vs world	23.7%	Not published	Not published	+7.8 pp vs world	106.8%	Not published	Not published	+6.9 pp vs world
Iceland	2001	78.2%	Not published	Not published	+1.8 pp vs world	54.4%	Not published	Not published	-5.7 pp vs world	23.8%	Not published	Not published	+7.5 pp vs world	100.8%	Not published	Not published	+0.9 pp vs world
Iceland	2002	78.9%	Not published	Not published	+2.1 pp vs world	53.5%	Not published	Not published	-6.7 pp vs world	25.4%	Not published	Not published	+8.8 pp vs world	98.4%	Not published	Not published	-1.4 pp vs world
Iceland	2003	81.8%	Not published	Not published	+5.1 pp vs world	55.7%	Not published	Not published	-4.1 pp vs world	26.0%	Not published	Not published	+9.2 pp vs world	102.9%	Not published	Not published	+3.0 pp vs world
Iceland	2004	81.0%	Not published	Not published	+5.1 pp vs world	55.9%	Not published	Not published	-3.2 pp vs world	25.1%	Not published	Not published	+8.3 pp vs world	105.6%	Not published	Not published	+5.8 pp vs world
Iceland	2005	82.4%	Not published	Not published	+7.0 pp vs world	57.4%	Not published	Not published	-1.3 pp vs world	25.0%	Not published	Not published	+8.4 pp vs world	111.5%	Not published	Not published	+11.9 pp vs world
Iceland	2006	80.6%	Not published	Not published	+6.1 pp vs world	55.7%	Not published	Not published	-2.3 pp vs world	24.8%	Not published	Not published	+8.3 pp vs world	116.5%	Not published	Not published	+17.2 pp vs world
Iceland	2007	79.2%	Not published	Not published	+5.3 pp vs world	54.9%	Not published	Not published	-2.6 pp vs world	24.3%	Not published	Not published	+7.9 pp vs world	108.9%	Not published	Not published	+9.6 pp vs world
Iceland	2008	76.2%	Not published	Not published	+2.2 pp vs world	51.4%	Not published	Not published	-5.7 pp vs world	24.8%	Not published	Not published	+8.0 pp vs world	102.1%	Not published	Not published	+2.7 pp vs world
Iceland	2009	77.2%	Not published	Not published	+1.2 pp vs world	51.2%	Not published	Not published	-6.8 pp vs world	26.0%	Not published	Not published	+8.0 pp vs world	92.0%	Not published	Not published	-7.4 pp vs world
Iceland	2010	76.4%	Not published	Not published	+1.8 pp vs world	51.0%	Not published	Not published	-6.1 pp vs world	25.4%	Not published	Not published	+8.0 pp vs world	90.2%	Not published	Not published	-8.9 pp vs world
Iceland	2011	76.9%	Not published	Not published	+3.1 pp vs world	51.4%	Not published	Not published	-5.1 pp vs world	25.5%	Not published	Not published	+8.2 pp vs world	92.2%	Not published	Not published	-6.9 pp vs world
Iceland	2012	78.2%	Not published	Not published	+4.5 pp vs world	52.9%	Not published	Not published	-3.6 pp vs world	25.2%	Not published	Not published	+8.2 pp vs world	94.1%	Not published	Not published	-5.0 pp vs world
Iceland	2013	77.0%	Not published	Not published	+3.4 pp vs world	52.2%	Not published	Not published	-4.4 pp vs world	24.9%	Not published	Not published	+7.9 pp vs world	92.0%	Not published	Not published	-7.0 pp vs world
Iceland	2014	76.4%	Not published	Not published	+2.8 pp vs world	51.8%	Not published	Not published	-4.9 pp vs world	24.6%	Not published	Not published	+7.7 pp vs world	93.5%	Not published	Not published	-5.8 pp vs world
Iceland	2015	73.0%	Not published	Not published	-0.7 pp vs world	49.2%	Not published	Not published	-7.9 pp vs world	23.9%	Not published	Not published	+7.2 pp vs world	92.2%	Not published	Not published	-7.3 pp vs world
Iceland	2016	72.0%	Not published	Not published	-1.9 pp vs world	48.6%	Not published	Not published	-8.7 pp vs world	23.4%	Not published	Not published	+6.8 pp vs world	92.8%	Not published	Not published	-6.5 pp vs world
Iceland	2017	73.4%	Not published	Not published	+0.1 pp vs world	49.5%	Not published	Not published	-7.4 pp vs world	24.0%	Not published	Not published	+7.6 pp vs world	95.0%	Not published	Not published	-4.2 pp vs world
Iceland	2018	73.8%	Not published	Not published	+1.0 pp vs world	49.5%	Not published	Not published	-6.8 pp vs world	24.3%	Not published	Not published	+7.8 pp vs world	96.0%	Not published	Not published	-3.1 pp vs world
Iceland	2019	74.2%	Not published	Not published	+1.1 pp vs world	49.4%	Not published	Not published	-7.0 pp vs world	24.8%	Not published	Not published	+8.2 pp vs world	94.4%	Not published	Not published	-5.1 pp vs world
Iceland	2020	79.3%	Not published	Not published	+6.1 pp vs world	51.2%	Not published	Not published	-4.2 pp vs world	28.1%	Not published	Not published	+10.3 pp vs world	100.4%	Not published	Not published	+0.9 pp vs world
Iceland	2021	78.7%	Not published	Not published	+6.7 pp vs world	51.2%	Not published	Not published	-3.7 pp vs world	27.4%	Not published	Not published	+10.5 pp vs world	101.5%	Not published	Not published	+2.5 pp vs world
Iceland	2022	75.3%	Not published	Not published	+3.4 pp vs world	49.8%	Not published	Not published	-5.8 pp vs world	25.6%	Not published	Not published	+9.2 pp vs world	99.6%	Not published	Not published	+0.4 pp vs world
Iceland	2023	73.9%	Not published	Not published	+0.9 pp vs world	48.7%	Not published	Not published	-7.7 pp vs world	25.2%	Not published	Not published	+8.7 pp vs world	99.3%	Not published	Not published	+0.0 pp vs world
Iceland	2024	75.0%	Not published	Not published	+1.8 pp vs world	49.1%	Not published	Not published	-7.6 pp vs world	25.9%	Not published	Not published	+9.3 pp vs world	101.3%	Not published	Not published	+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.

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

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 unavailable

Gross fixed capital formation26.8%2024 · Published series · World rank unavailable

Changes in inventories-0.5%2024 · Published series · World rank unavailable

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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Investment and capital formation: annual rates, ranks and comparison indices

Iceland	1970	26.9%	Not published	Not published	-0.9 pp vs world	27.7%	Not published	Not published	+4.8 pp vs world	-0.9%	Not published	Not published	-5.7 pp vs world
Iceland	1971	35.9%	Not published	Not published	+8.5 pp vs world	33.4%	Not published	Not published	+10.2 pp vs world	2.5%	Not published	Not published	-1.7 pp vs world
Iceland	1972	30.6%	Not published	Not published	+3.3 pp vs world	32.4%	Not published	Not published	+5.9 pp vs world	-1.8%	Not published	Not published	-2.6 pp vs world
Iceland	1973	34.8%	Not published	Not published	+6.2 pp vs world	35.4%	Not published	Not published	+8.2 pp vs world	-0.5%	Not published	Not published	-1.9 pp vs world
Iceland	1974	39.1%	Not published	Not published	+10.6 pp vs world	37.4%	Not published	Not published	+10.9 pp vs world	1.7%	Not published	Not published	-0.3 pp vs world
Iceland	1975	38.2%	Not published	Not published	+11.3 pp vs world	36.4%	Not published	Not published	+10.0 pp vs world	1.7%	Not published	Not published	+1.3 pp vs world
Iceland	1976	31.0%	Not published	Not published	+2.9 pp vs world	31.8%	Not published	Not published	+4.9 pp vs world	-0.8%	Not published	Not published	-2.0 pp vs world
Iceland	1977	32.3%	Not published	Not published	+4.0 pp vs world	30.8%	Not published	Not published	+3.5 pp vs world	1.5%	Not published	Not published	+0.4 pp vs world
Iceland	1978	26.7%	Not published	Not published	-1.8 pp vs world	27.5%	Not published	Not published	-0.1 pp vs world	-0.8%	Not published	Not published	-1.7 pp vs world
Iceland	1979	27.0%	Not published	Not published	-1.3 pp vs world	26.5%	Not published	Not published	-0.7 pp vs world	0.4%	Not published	Not published	-0.6 pp vs world
Iceland	1980	29.1%	Not published	Not published	+1.1 pp vs world	28.7%	Not published	Not published	+1.6 pp vs world	0.4%	Not published	Not published	-0.5 pp vs world
Iceland	1981	28.8%	Not published	Not published	+1.3 pp vs world	27.9%	Not published	Not published	+1.1 pp vs world	1.0%	Not published	Not published	+0.2 pp vs world
Iceland	1982	30.2%	Not published	Not published	+3.9 pp vs world	27.8%	Not published	Not published	+1.6 pp vs world	2.4%	Not published	Not published	+2.3 pp vs world
Iceland	1983	22.6%	Not published	Not published	-3.2 pp vs world	24.4%	Not published	Not published	-1.2 pp vs world	-1.8%	Not published	Not published	-2.0 pp vs world
Iceland	1984	24.9%	Not published	Not published	-1.5 pp vs world	24.1%	Not published	Not published	-1.2 pp vs world	0.8%	Not published	Not published	-0.3 pp vs world
Iceland	1985	22.3%	Not published	Not published	-3.4 pp vs world	23.3%	Not published	Not published	-1.5 pp vs world	-1.0%	Not published	Not published	-1.8 pp vs world
Iceland	1986	19.8%	Not published	Not published	-5.6 pp vs world	21.3%	Not published	Not published	-3.6 pp vs world	-1.5%	Not published	Not published	-2.0 pp vs world
Iceland	1987	22.3%	Not published	Not published	-3.2 pp vs world	22.6%	Not published	Not published	-2.3 pp vs world	-0.3%	Not published	Not published	-0.9 pp vs world
Iceland	1988	22.4%	Not published	Not published	-3.9 pp vs world	21.7%	Not published	Not published	-3.7 pp vs world	0.7%	Not published	Not published	-0.2 pp vs world
Iceland	1989	20.2%	Not published	Not published	-6.0 pp vs world	20.5%	Not published	Not published	-4.5 pp vs world	-0.3%	Not published	Not published	-1.4 pp vs world
Iceland	1990	20.4%	Not published	Not published	-5.4 pp vs world	21.0%	Not published	Not published	-4.0 pp vs world	-0.6%	Not published	Not published	-1.3 pp vs world
Iceland	1991	21.5%	Not published	Not published	-3.7 pp vs world	21.3%	Not published	Not published	-3.0 pp vs world	0.2%	Not published	Not published	-0.7 pp vs world
Iceland	1992	19.5%	Not published	Not published	-5.2 pp vs world	19.5%	Not published	Not published	-4.4 pp vs world	-0.1%	Not published	Not published	-0.8 pp vs world
Iceland	1993	18.2%	Not published	Not published	-6.0 pp vs world	17.7%	Not published	Not published	-6.0 pp vs world	0.5%	Not published	Not published	+0.0 pp vs world
Iceland	1994	17.2%	Not published	Not published	-7.2 pp vs world	17.2%	Not published	Not published	-6.4 pp vs world	-0.0%	Not published	Not published	-0.8 pp vs world
Iceland	1995	17.6%	Not published	Not published	-7.0 pp vs world	16.9%	Not published	Not published	-6.7 pp vs world	0.6%	Not published	Not published	-0.2 pp vs world
Iceland	1996	20.1%	Not published	Not published	-4.4 pp vs world	20.1%	Not published	Not published	-3.7 pp vs world	0.0%	Not published	Not published	-0.7 pp vs world
Iceland	1997	21.4%	Not published	Not published	-3.0 pp vs world	21.3%	Not published	Not published	-2.1 pp vs world	0.0%	Not published	Not published	-0.9 pp vs world
Iceland	1998	25.5%	Not published	Not published	+1.5 pp vs world	25.3%	Not published	Not published	+1.9 pp vs world	0.1%	Not published	Not published	-0.5 pp vs world
Iceland	1999	23.2%	Not published	Not published	-0.7 pp vs world	23.2%	Not published	Not published	-0.3 pp vs world	0.0%	Not published	Not published	-0.4 pp vs world
Iceland	2000	24.6%	Not published	Not published	+0.3 pp vs world	24.2%	Not published	Not published	+0.6 pp vs world	0.4%	Not published	Not published	-0.3 pp vs world
Iceland	2001	22.7%	Not published	Not published	-0.9 pp vs world	22.9%	Not published	Not published	-0.4 pp vs world	-0.3%	Not published	Not published	-0.5 pp vs world
Iceland	2002	19.5%	Not published	Not published	-3.5 pp vs world	19.6%	Not published	Not published	-3.1 pp vs world	-0.1%	Not published	Not published	-0.4 pp vs world
Iceland	2003	21.1%	Not published	Not published	-2.0 pp vs world	21.2%	Not published	Not published	-1.6 pp vs world	-0.1%	Not published	Not published	-0.5 pp vs world
Iceland	2004	24.6%	Not published	Not published	+0.7 pp vs world	24.6%	Not published	Not published	+1.5 pp vs world	-0.0%	Not published	Not published	-0.8 pp vs world
Iceland	2005	29.1%	Not published	Not published	+4.9 pp vs world	29.1%	Not published	Not published	+5.5 pp vs world	0.0%	Not published	Not published	-0.6 pp vs world
Iceland	2006	36.0%	Not published	Not published	+11.1 pp vs world	35.0%	Not published	Not published	+11.0 pp vs world	1.0%	Not published	Not published	+0.2 pp vs world
Iceland	2007	29.7%	Not published	Not published	+4.4 pp vs world	29.0%	Not published	Not published	+4.7 pp vs world	0.6%	Not published	Not published	-0.4 pp vs world
Iceland	2008	25.9%	Not published	Not published	+0.5 pp vs world	25.1%	Not published	Not published	+0.7 pp vs world	0.8%	Not published	Not published	-0.2 pp vs world
Iceland	2009	14.8%	Not published	Not published	-8.6 pp vs world	15.3%	Not published	Not published	-8.4 pp vs world	-0.5%	Not published	Not published	-0.2 pp vs world
Iceland	2010	13.8%	Not published	Not published	-10.7 pp vs world	13.9%	Not published	Not published	-9.6 pp vs world	-0.1%	Not published	Not published	-1.1 pp vs world
Iceland	2011	15.3%	Not published	Not published	-10.0 pp vs world	15.2%	Not published	Not published	-8.9 pp vs world	0.1%	Not published	Not published	-1.1 pp vs world
Iceland	2012	15.9%	Not published	Not published	-9.5 pp vs world	15.8%	Not published	Not published	-8.7 pp vs world	0.1%	Not published	Not published	-0.8 pp vs world
Iceland	2013	15.0%	Not published	Not published	-10.4 pp vs world	15.4%	Not published	Not published	-9.1 pp vs world	-0.4%	Not published	Not published	-1.3 pp vs world
Iceland	2014	17.1%	Not published	Not published	-8.7 pp vs world	17.0%	Not published	Not published	-7.8 pp vs world	0.1%	Not published	Not published	-0.8 pp vs world
Iceland	2015	19.2%	Not published	Not published	-6.6 pp vs world	19.1%	Not published	Not published	-5.9 pp vs world	0.1%	Not published	Not published	-0.6 pp vs world
Iceland	2016	20.8%	Not published	Not published	-4.6 pp vs world	20.7%	Not published	Not published	-4.2 pp vs world	0.1%	Not published	Not published	-0.3 pp vs world
Iceland	2017	21.6%	Not published	Not published	-4.3 pp vs world	21.5%	Not published	Not published	-3.6 pp vs world	0.0%	Not published	Not published	-0.7 pp vs world
Iceland	2018	22.2%	Not published	Not published	-4.1 pp vs world	21.7%	Not published	Not published	-4.0 pp vs world	0.5%	Not published	Not published	-0.2 pp vs world
Iceland	2019	20.2%	Not published	Not published	-6.2 pp vs world	20.6%	Not published	Not published	-5.3 pp vs world	-0.4%	Not published	Not published	-0.9 pp vs world
Iceland	2020	21.0%	Not published	Not published	-5.2 pp vs world	21.0%	Not published	Not published	-5.0 pp vs world	0.0%	Not published	Not published	-0.3 pp vs world
Iceland	2021	22.8%	Not published	Not published	-4.2 pp vs world	22.5%	Not published	Not published	-3.6 pp vs world	0.3%	Not published	Not published	-0.6 pp vs world
Iceland	2022	24.3%	Not published	Not published	-3.0 pp vs world	23.8%	Not published	Not published	-2.2 pp vs world	0.5%	Not published	Not published	-0.8 pp vs world
Iceland	2023	25.4%	Not published	Not published	-0.9 pp vs world	24.9%	Not published	Not published	-0.9 pp vs world	0.5%	Not published	Not published	-0.0 pp vs world
Iceland	2024	26.3%	Not published	Not published	+0.3 pp vs world	26.8%	Not published	Not published	+1.4 pp vs world	-0.5%	Not published	Not published	-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.

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

IcelandNorthern EuropeEuropeWorldCurrent prices · percent

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 unavailable

Imports43.7%2024 · Published series · World rank unavailable

Net exports-1.3%2024 · Derived measure · World rank unavailable

Trade openness86.1%2024 · Derived measure · World rank unavailable

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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Trade structure and external balance: annual rates, ranks and comparison indices

Iceland	1970	42.8%	Not published	Not published	+31.6 pp vs world	41.3%	Not published	Not published	+30.1 pp vs world	1.5%	Not published	Not published	+1.5 pp vs world	84.1%	Not published	Not published	+61.6 pp vs world
Iceland	1971	35.6%	Not published	Not published	+24.2 pp vs world	41.9%	Not published	Not published	+30.5 pp vs world	-6.3%	Not published	Not published	-6.3 pp vs world	77.5%	Not published	Not published	+54.7 pp vs world
Iceland	1972	33.3%	Not published	Not published	+21.5 pp vs world	35.1%	Not published	Not published	+23.5 pp vs world	-1.8%	Not published	Not published	-2.0 pp vs world	68.5%	Not published	Not published	+45.1 pp vs world
Iceland	1973	33.9%	Not published	Not published	+20.6 pp vs world	35.9%	Not published	Not published	+22.9 pp vs world	-2.1%	Not published	Not published	-2.3 pp vs world	69.8%	Not published	Not published	+43.6 pp vs world
Iceland	1974	29.9%	Not published	Not published	+13.8 pp vs world	39.3%	Not published	Not published	+23.2 pp vs world	-9.4%	Not published	Not published	-9.4 pp vs world	69.2%	Not published	Not published	+37.0 pp vs world
Iceland	1975	31.7%	Not published	Not published	+16.5 pp vs world	39.8%	Not published	Not published	+24.6 pp vs world	-8.1%	Not published	Not published	-8.1 pp vs world	71.4%	Not published	Not published	+41.0 pp vs world
Iceland	1976	32.9%	Not published	Not published	+17.1 pp vs world	32.6%	Not published	Not published	+16.8 pp vs world	0.3%	Not published	Not published	+0.3 pp vs world	65.5%	Not published	Not published	+34.0 pp vs world
Iceland	1977	31.3%	Not published	Not published	+15.5 pp vs world	32.2%	Not published	Not published	+16.1 pp vs world	-0.8%	Not published	Not published	-0.5 pp vs world	63.5%	Not published	Not published	+31.6 pp vs world
Iceland	1978	34.8%	Not published	Not published	+19.3 pp vs world	32.0%	Not published	Not published	+16.3 pp vs world	2.7%	Not published	Not published	+3.0 pp vs world	66.8%	Not published	Not published	+35.5 pp vs world
Iceland	1979	36.1%	Not published	Not published	+19.2 pp vs world	35.1%	Not published	Not published	+18.0 pp vs world	1.0%	Not published	Not published	+1.2 pp vs world	71.2%	Not published	Not published	+37.2 pp vs world
Iceland	1980	33.8%	Not published	Not published	+15.5 pp vs world	33.9%	Not published	Not published	+15.3 pp vs world	-0.1%	Not published	Not published	+0.2 pp vs world	67.7%	Not published	Not published	+30.8 pp vs world
Iceland	1981	33.0%	Not published	Not published	+14.9 pp vs world	34.5%	Not published	Not published	+16.1 pp vs world	-1.5%	Not published	Not published	-1.2 pp vs world	67.4%	Not published	Not published	+31.0 pp vs world
Iceland	1982	30.6%	Not published	Not published	+13.7 pp vs world	35.2%	Not published	Not published	+17.9 pp vs world	-4.6%	Not published	Not published	-4.2 pp vs world	65.9%	Not published	Not published	+31.5 pp vs world
Iceland	1983	37.8%	Not published	Not published	+21.3 pp vs world	35.8%	Not published	Not published	+19.1 pp vs world	1.9%	Not published	Not published	+2.3 pp vs world	73.6%	Not published	Not published	+40.4 pp vs world
Iceland	1984	36.2%	Not published	Not published	+19.3 pp vs world	36.3%	Not published	Not published	+19.2 pp vs world	-0.2%	Not published	Not published	+0.1 pp vs world	72.5%	Not published	Not published	+38.5 pp vs world
Iceland	1985	38.3%	Not published	Not published	+21.8 pp vs world	38.3%	Not published	Not published	+21.6 pp vs world	0.0%	Not published	Not published	+0.2 pp vs world	76.6%	Not published	Not published	+43.4 pp vs world
Iceland	1986	36.7%	Not published	Not published	+20.9 pp vs world	33.2%	Not published	Not published	+17.1 pp vs world	3.6%	Not published	Not published	+3.8 pp vs world	69.9%	Not published	Not published	+38.0 pp vs world
Iceland	1987	32.6%	Not published	Not published	+16.1 pp vs world	33.7%	Not published	Not published	+17.1 pp vs world	-1.1%	Not published	Not published	-1.0 pp vs world	66.4%	Not published	Not published	+33.2 pp vs world
Iceland	1988	30.2%	Not published	Not published	+13.3 pp vs world	31.2%	Not published	Not published	+14.0 pp vs world	-1.0%	Not published	Not published	-0.7 pp vs world	61.4%	Not published	Not published	+27.3 pp vs world
Iceland	1989	31.9%	Not published	Not published	+14.5 pp vs world	29.9%	Not published	Not published	+12.1 pp vs world	2.0%	Not published	Not published	+2.3 pp vs world	61.8%	Not published	Not published	+26.6 pp vs world
Iceland	1990	32.0%	Not published	Not published	+13.1 pp vs world	30.9%	Not published	Not published	+11.7 pp vs world	1.1%	Not published	Not published	+1.4 pp vs world	62.9%	Not published	Not published	+24.8 pp vs world
Iceland	1991	29.8%	Not published	Not published	+11.2 pp vs world	31.1%	Not published	Not published	+12.4 pp vs world	-1.3%	Not published	Not published	-1.2 pp vs world	60.9%	Not published	Not published	+23.6 pp vs world
Iceland	1992	28.8%	Not published	Not published	+9.1 pp vs world	29.0%	Not published	Not published	+9.6 pp vs world	-0.2%	Not published	Not published	-0.5 pp vs world	57.9%	Not published	Not published	+18.7 pp vs world
Iceland	1993	31.2%	Not published	Not published	+12.4 pp vs world	28.3%	Not published	Not published	+10.0 pp vs world	2.9%	Not published	Not published	+2.5 pp vs world	59.5%	Not published	Not published	+22.4 pp vs world
Iceland	1994	34.0%	Not published	Not published	+14.6 pp vs world	29.2%	Not published	Not published	+10.3 pp vs world	4.8%	Not published	Not published	+4.3 pp vs world	63.3%	Not published	Not published	+24.9 pp vs world
Iceland	1995	33.8%	Not published	Not published	+13.2 pp vs world	30.5%	Not published	Not published	+10.3 pp vs world	3.3%	Not published	Not published	+2.9 pp vs world	64.3%	Not published	Not published	+23.5 pp vs world
Iceland	1996	34.6%	Not published	Not published	+13.5 pp vs world	34.1%	Not published	Not published	+13.4 pp vs world	0.5%	Not published	Not published	+0.0 pp vs world	68.7%	Not published	Not published	+26.9 pp vs world
Iceland	1997	34.9%	Not published	Not published	+12.9 pp vs world	34.4%	Not published	Not published	+12.9 pp vs world	0.5%	Not published	Not published	-0.1 pp vs world	69.3%	Not published	Not published	+25.8 pp vs world
Iceland	1998	33.2%	Not published	Not published	+11.4 pp vs world	37.5%	Not published	Not published	+16.1 pp vs world	-4.3%	Not published	Not published	-4.6 pp vs world	70.8%	Not published	Not published	+27.5 pp vs world
Iceland	1999	32.0%	Not published	Not published	+10.2 pp vs world	36.5%	Not published	Not published	+14.9 pp vs world	-4.5%	Not published	Not published	-4.7 pp vs world	68.5%	Not published	Not published	+25.1 pp vs world
Iceland	2000	31.7%	Not published	Not published	+8.2 pp vs world	38.5%	Not published	Not published	+15.1 pp vs world	-6.8%	Not published	Not published	-6.9 pp vs world	70.2%	Not published	Not published	+23.3 pp vs world
Iceland	2001	36.5%	Not published	Not published	+13.6 pp vs world	37.4%	Not published	Not published	+14.4 pp vs world	-0.8%	Not published	Not published	-0.8 pp vs world	73.9%	Not published	Not published	+28.0 pp vs world
Iceland	2002	35.1%	Not published	Not published	+12.0 pp vs world	33.6%	Not published	Not published	+10.6 pp vs world	1.6%	Not published	Not published	+1.4 pp vs world	68.7%	Not published	Not published	+22.5 pp vs world
Iceland	2003	32.2%	Not published	Not published	+8.3 pp vs world	35.2%	Not published	Not published	+11.4 pp vs world	-2.9%	Not published	Not published	-3.1 pp vs world	67.4%	Not published	Not published	+19.7 pp vs world
Iceland	2004	32.1%	Not published	Not published	+6.3 pp vs world	37.6%	Not published	Not published	+12.2 pp vs world	-5.6%	Not published	Not published	-5.9 pp vs world	69.7%	Not published	Not published	+18.5 pp vs world
Iceland	2005	29.8%	Not published	Not published	+2.8 pp vs world	41.4%	Not published	Not published	+14.7 pp vs world	-11.5%	Not published	Not published	-11.9 pp vs world	71.2%	Not published	Not published	+17.5 pp vs world
Iceland	2006	30.1%	Not published	Not published	+1.3 pp vs world	46.6%	Not published	Not published	+18.5 pp vs world	-16.5%	Not published	Not published	-17.2 pp vs world	76.6%	Not published	Not published	+19.9 pp vs world
Iceland	2007	32.4%	Not published	Not published	+2.8 pp vs world	41.2%	Not published	Not published	+12.4 pp vs world	-8.9%	Not published	Not published	-9.6 pp vs world	73.6%	Not published	Not published	+15.2 pp vs world
Iceland	2008	39.9%	Not published	Not published	+9.0 pp vs world	42.0%	Not published	Not published	+11.8 pp vs world	-2.1%	Not published	Not published	-2.8 pp vs world	81.9%	Not published	Not published	+20.7 pp vs world
Iceland	2009	48.5%	Not published	Not published	+22.2 pp vs world	40.5%	Not published	Not published	+14.9 pp vs world	8.0%	Not published	Not published	+7.4 pp vs world	89.0%	Not published	Not published	+37.1 pp vs world
Iceland	2010	51.1%	Not published	Not published	+22.6 pp vs world	41.3%	Not published	Not published	+13.7 pp vs world	9.8%	Not published	Not published	+8.9 pp vs world	92.5%	Not published	Not published	+36.3 pp vs world
Iceland	2011	54.0%	Not published	Not published	+23.6 pp vs world	46.2%	Not published	Not published	+16.7 pp vs world	7.8%	Not published	Not published	+6.9 pp vs world	100.1%	Not published	Not published	+40.3 pp vs world
Iceland	2012	54.2%	Not published	Not published	+24.0 pp vs world	48.2%	Not published	Not published	+19.1 pp vs world	5.9%	Not published	Not published	+5.0 pp vs world	102.4%	Not published	Not published	+43.1 pp vs world
Iceland	2013	52.8%	Not published	Not published	+22.7 pp vs world	44.9%	Not published	Not published	+15.8 pp vs world	8.0%	Not published	Not published	+6.9 pp vs world	97.7%	Not published	Not published	+38.5 pp vs world
Iceland	2014	50.9%	Not published	Not published	+21.2 pp vs world	44.4%	Not published	Not published	+15.4 pp vs world	6.5%	Not published	Not published	+5.7 pp vs world	95.3%	Not published	Not published	+36.6 pp vs world
Iceland	2015	51.3%	Not published	Not published	+23.2 pp vs world	43.6%	Not published	Not published	+16.0 pp vs world	7.8%	Not published	Not published	+7.2 pp vs world	94.9%	Not published	Not published	+39.3 pp vs world
Iceland	2016	47.5%	Not published	Not published	+20.3 pp vs world	40.3%	Not published	Not published	+13.9 pp vs world	7.2%	Not published	Not published	+6.4 pp vs world	87.8%	Not published	Not published	+34.2 pp vs world
Iceland	2017	45.7%	Not published	Not published	+17.6 pp vs world	40.7%	Not published	Not published	+13.3 pp vs world	5.0%	Not published	Not published	+4.2 pp vs world	86.4%	Not published	Not published	+30.9 pp vs world
Iceland	2018	46.5%	Not published	Not published	+17.4 pp vs world	42.5%	Not published	Not published	+14.2 pp vs world	4.0%	Not published	Not published	+3.2 pp vs world	88.9%	Not published	Not published	+31.6 pp vs world
Iceland	2019	44.7%	Not published	Not published	+16.6 pp vs world	39.1%	Not published	Not published	+11.6 pp vs world	5.6%	Not published	Not published	+5.0 pp vs world	83.8%	Not published	Not published	+28.2 pp vs world
Iceland	2020	34.1%	Not published	Not published	+8.0 pp vs world	34.5%	Not published	Not published	+9.1 pp vs world	-0.4%	Not published	Not published	-1.1 pp vs world	68.7%	Not published	Not published	+17.2 pp vs world
Iceland	2021	37.4%	Not published	Not published	+8.7 pp vs world	38.9%	Not published	Not published	+11.2 pp vs world	-1.5%	Not published	Not published	-2.5 pp vs world	76.2%	Not published	Not published	+19.9 pp vs world
Iceland	2022	46.7%	Not published	Not published	+15.8 pp vs world	46.3%	Not published	Not published	+16.2 pp vs world	0.4%	Not published	Not published	-0.4 pp vs world	93.0%	Not published	Not published	+32.0 pp vs world
Iceland	2023	44.0%	Not published	Not published	+14.9 pp vs world	43.2%	Not published	Not published	+14.9 pp vs world	0.7%	Not published	Not published	-0.0 pp vs world	87.2%	Not published	Not published	+29.8 pp vs world
Iceland	2024	42.4%	Not published	Not published	+13.4 pp vs world	43.7%	Not published	Not published	+15.6 pp vs world	-1.3%	Not published	Not published	-2.2 pp vs world	86.1%	Not published	Not published	+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.

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

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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Industry mix, specialization and world comparison table

Iceland	1970	11.0%	Not published	Not published	+1.6 pp vs world	21.9%	Not published	Not published	-8.9 pp vs world	15.5%	Not published	Not published	+9.0 pp vs world	10.7%	Not published	Not published	-3.4 pp vs world	12.9%	Not published	Not published	+5.1 pp vs world	28.0%	Not published	Not published	-3.5 pp vs world
Iceland	1971	11.1%	Not published	Not published	+2.1 pp vs world	21.2%	Not published	Not published	-9.3 pp vs world	15.7%	Not published	Not published	+9.0 pp vs world	10.6%	Not published	Not published	-3.5 pp vs world	12.9%	Not published	Not published	+5.0 pp vs world	28.5%	Not published	Not published	-3.5 pp vs world
Iceland	1972	10.9%	Not published	Not published	+2.2 pp vs world	21.1%	Not published	Not published	-9.4 pp vs world	15.3%	Not published	Not published	+8.5 pp vs world	10.5%	Not published	Not published	-3.6 pp vs world	13.4%	Not published	Not published	+5.5 pp vs world	28.8%	Not published	Not published	-3.4 pp vs world
Iceland	1973	10.9%	Not published	Not published	+1.8 pp vs world	23.4%	Not published	Not published	-7.5 pp vs world	15.5%	Not published	Not published	+8.7 pp vs world	10.9%	Not published	Not published	-3.1 pp vs world	12.6%	Not published	Not published	+4.9 pp vs world	26.7%	Not published	Not published	-4.9 pp vs world
Iceland	1974	11.6%	Not published	Not published	+2.9 pp vs world	19.1%	Not published	Not published	-12.7 pp vs world	16.2%	Not published	Not published	+9.6 pp vs world	10.3%	Not published	Not published	-3.8 pp vs world	12.7%	Not published	Not published	+5.0 pp vs world	30.2%	Not published	Not published	-1.2 pp vs world
Iceland	1975	10.2%	Not published	Not published	+1.9 pp vs world	20.9%	Not published	Not published	-9.8 pp vs world	14.2%	Not published	Not published	+7.4 pp vs world	10.4%	Not published	Not published	-3.8 pp vs world	14.8%	Not published	Not published	+7.1 pp vs world	29.6%	Not published	Not published	-3.0 pp vs world
Iceland	1976	10.1%	Not published	Not published	+2.1 pp vs world	22.8%	Not published	Not published	-8.1 pp vs world	14.6%	Not published	Not published	+7.8 pp vs world	10.6%	Not published	Not published	-3.6 pp vs world	13.4%	Not published	Not published	+5.6 pp vs world	28.5%	Not published	Not published	-4.1 pp vs world
Iceland	1977	12.0%	Not published	Not published	+4.2 pp vs world	23.1%	Not published	Not published	-7.6 pp vs world	13.8%	Not published	Not published	+7.1 pp vs world	9.9%	Not published	Not published	-4.4 pp vs world	12.1%	Not published	Not published	+4.3 pp vs world	29.0%	Not published	Not published	-3.7 pp vs world
Iceland	1978	12.6%	Not published	Not published	+5.1 pp vs world	21.9%	Not published	Not published	-8.6 pp vs world	13.0%	Not published	Not published	+6.1 pp vs world	10.0%	Not published	Not published	-4.3 pp vs world	12.2%	Not published	Not published	+4.3 pp vs world	30.3%	Not published	Not published	-2.7 pp vs world
Iceland	1979	12.4%	Not published	Not published	+5.1 pp vs world	24.5%	Not published	Not published	-6.3 pp vs world	11.4%	Not published	Not published	+4.6 pp vs world	10.1%	Not published	Not published	-4.1 pp vs world	10.9%	Not published	Not published	+3.0 pp vs world	30.6%	Not published	Not published	-2.5 pp vs world
Iceland	1980	11.8%	Not published	Not published	+5.0 pp vs world	24.8%	Not published	Not published	-6.3 pp vs world	11.7%	Not published	Not published	+5.0 pp vs world	11.4%	Not published	Not published	-2.8 pp vs world	10.7%	Not published	Not published	+2.9 pp vs world	29.6%	Not published	Not published	-4.1 pp vs world
Iceland	1981	11.2%	Not published	Not published	+4.4 pp vs world	24.2%	Not published	Not published	-6.4 pp vs world	12.1%	Not published	Not published	+5.6 pp vs world	12.0%	Not published	Not published	-2.3 pp vs world	11.9%	Not published	Not published	+4.1 pp vs world	28.6%	Not published	Not published	-5.6 pp vs world
Iceland	1982	8.9%	Not published	Not published	+2.1 pp vs world	23.3%	Not published	Not published	-6.5 pp vs world	13.4%	Not published	Not published	+7.2 pp vs world	10.6%	Not published	Not published	-3.7 pp vs world	11.7%	Not published	Not published	+3.8 pp vs world	32.0%	Not published	Not published	-3.2 pp vs world
Iceland	1983	8.7%	Not published	Not published	+1.8 pp vs world	23.9%	Not published	Not published	-5.5 pp vs world	10.8%	Not published	Not published	+4.8 pp vs world	12.7%	Not published	Not published	-1.7 pp vs world	12.3%	Not published	Not published	+4.3 pp vs world	31.6%	Not published	Not published	-4.2 pp vs world
Iceland	1984	9.3%	Not published	Not published	+2.5 pp vs world	26.0%	Not published	Not published	-3.2 pp vs world	10.8%	Not published	Not published	+5.0 pp vs world	12.6%	Not published	Not published	-2.0 pp vs world	12.3%	Not published	Not published	+4.3 pp vs world	29.0%	Not published	Not published	-6.9 pp vs world
Iceland	1985	10.8%	Not published	Not published	+4.4 pp vs world	24.4%	Not published	Not published	-4.3 pp vs world	10.3%	Not published	Not published	+4.5 pp vs world	11.8%	Not published	Not published	-2.9 pp vs world	10.7%	Not published	Not published	+2.7 pp vs world	31.9%	Not published	Not published	-4.8 pp vs world
Iceland	1986	11.5%	Not published	Not published	+5.6 pp vs world	24.7%	Not published	Not published	-3.0 pp vs world	10.9%	Not published	Not published	+4.9 pp vs world	12.3%	Not published	Not published	-2.4 pp vs world	10.6%	Not published	Not published	+2.5 pp vs world	30.0%	Not published	Not published	-7.8 pp vs world
Iceland	1987	11.1%	Not published	Not published	+5.6 pp vs world	23.2%	Not published	Not published	-4.2 pp vs world	11.2%	Not published	Not published	+5.2 pp vs world	12.5%	Not published	Not published	-2.1 pp vs world	10.1%	Not published	Not published	+2.0 pp vs world	31.8%	Not published	Not published	-6.7 pp vs world
Iceland	1988	10.9%	Not published	Not published	+5.5 pp vs world	22.9%	Not published	Not published	-4.3 pp vs world	10.3%	Not published	Not published	+4.1 pp vs world	11.2%	Not published	Not published	-3.4 pp vs world	10.2%	Not published	Not published	+2.1 pp vs world	34.5%	Not published	Not published	-4.1 pp vs world
Iceland	1989	10.7%	Not published	Not published	+5.3 pp vs world	22.5%	Not published	Not published	-4.3 pp vs world	10.6%	Not published	Not published	+4.4 pp vs world	11.9%	Not published	Not published	-2.6 pp vs world	9.6%	Not published	Not published	+1.6 pp vs world	34.6%	Not published	Not published	-4.5 pp vs world
Iceland	1990	10.8%	Not published	Not published	+5.7 pp vs world	20.8%	Not published	Not published	-5.8 pp vs world	10.3%	Not published	Not published	+4.1 pp vs world	14.1%	Not published	Not published	-0.4 pp vs world	10.3%	Not published	Not published	+2.1 pp vs world	33.7%	Not published	Not published	-5.9 pp vs world
Iceland	1991	11.2%	Not published	Not published	+6.4 pp vs world	20.6%	Not published	Not published	-5.4 pp vs world	9.9%	Not published	Not published	+3.9 pp vs world	14.1%	Not published	Not published	-0.7 pp vs world	9.9%	Not published	Not published	+1.6 pp vs world	34.3%	Not published	Not published	-5.9 pp vs world
Iceland	1992	10.7%	Not published	Not published	+6.5 pp vs world	20.0%	Not published	Not published	-5.3 pp vs world	9.9%	Not published	Not published	+4.0 pp vs world	14.2%	Not published	Not published	-1.1 pp vs world	9.8%	Not published	Not published	+1.6 pp vs world	35.4%	Not published	Not published	-5.7 pp vs world
Iceland	1993	10.9%	Not published	Not published	+6.7 pp vs world	20.3%	Not published	Not published	-4.5 pp vs world	9.5%	Not published	Not published	+3.6 pp vs world	13.7%	Not published	Not published	-1.4 pp vs world	10.0%	Not published	Not published	+1.7 pp vs world	35.6%	Not published	Not published	-6.1 pp vs world
Iceland	1994	10.2%	Not published	Not published	+6.2 pp vs world	20.6%	Not published	Not published	-3.9 pp vs world	8.5%	Not published	Not published	+2.6 pp vs world	13.7%	Not published	Not published	-1.5 pp vs world	11.5%	Not published	Not published	+3.1 pp vs world	35.4%	Not published	Not published	-5.7 pp vs world
Iceland	1995	10.6%	Not published	Not published	+6.6 pp vs world	19.7%	Not published	Not published	-4.8 pp vs world	7.7%	Not published	Not published	+2.0 pp vs world	13.6%	Not published	Not published	-1.5 pp vs world	10.9%	Not published	Not published	+2.3 pp vs world	37.5%	Not published	Not published	-4.6 pp vs world
Iceland	1996	10.4%	Not published	Not published	+6.3 pp vs world	19.5%	Not published	Not published	-4.8 pp vs world	7.3%	Not published	Not published	+1.6 pp vs world	13.8%	Not published	Not published	-1.1 pp vs world	10.8%	Not published	Not published	+2.3 pp vs world	38.2%	Not published	Not published	-4.2 pp vs world
Iceland	1997	9.1%	Not published	Not published	+5.2 pp vs world	20.5%	Not published	Not published	-3.5 pp vs world	8.7%	Not published	Not published	+3.2 pp vs world	13.2%	Not published	Not published	-1.9 pp vs world	11.3%	Not published	Not published	+2.6 pp vs world	37.2%	Not published	Not published	-5.6 pp vs world
Iceland	1998	9.2%	Not published	Not published	+5.3 pp vs world	19.1%	Not published	Not published	-4.1 pp vs world	8.7%	Not published	Not published	+3.2 pp vs world	13.0%	Not published	Not published	-2.1 pp vs world	11.3%	Not published	Not published	+2.3 pp vs world	38.7%	Not published	Not published	-4.7 pp vs world
Iceland	1999	8.7%	Not published	Not published	+5.1 pp vs world	17.7%	Not published	Not published	-5.4 pp vs world	8.4%	Not published	Not published	+3.0 pp vs world	13.4%	Not published	Not published	-1.7 pp vs world	11.5%	Not published	Not published	+2.3 pp vs world	40.3%	Not published	Not published	-3.3 pp vs world
Iceland	2000	7.9%	Not published	Not published	+4.5 pp vs world	17.0%	Not published	Not published	-6.5 pp vs world	9.0%	Not published	Not published	+3.7 pp vs world	12.8%	Not published	Not published	-2.2 pp vs world	11.3%	Not published	Not published	+2.2 pp vs world	41.9%	Not published	Not published	-1.6 pp vs world
Iceland	2001	8.3%	Not published	Not published	+4.9 pp vs world	19.1%	Not published	Not published	-3.5 pp vs world	8.2%	Not published	Not published	+2.9 pp vs world	11.4%	Not published	Not published	-3.6 pp vs world	11.2%	Not published	Not published	+1.9 pp vs world	41.8%	Not published	Not published	-2.7 pp vs world
Iceland	2002	8.4%	Not published	Not published	+5.0 pp vs world	16.8%	Not published	Not published	-5.3 pp vs world	7.9%	Not published	Not published	+2.6 pp vs world	11.7%	Not published	Not published	-3.1 pp vs world	10.9%	Not published	Not published	+1.6 pp vs world	44.2%	Not published	Not published	-0.8 pp vs world
Iceland	2003	7.2%	Not published	Not published	+3.8 pp vs world	16.0%	Not published	Not published	-6.1 pp vs world	7.9%	Not published	Not published	+2.6 pp vs world	11.6%	Not published	Not published	-3.2 pp vs world	10.5%	Not published	Not published	+1.2 pp vs world	46.8%	Not published	Not published	+1.7 pp vs world
Iceland	2004	6.0%	Not published	Not published	+2.6 pp vs world	15.6%	Not published	Not published	-7.0 pp vs world	9.0%	Not published	Not published	+3.6 pp vs world	11.8%	Not published	Not published	-2.8 pp vs world	10.2%	Not published	Not published	+0.7 pp vs world	47.3%	Not published	Not published	+3.0 pp vs world
Iceland	2005	5.5%	Not published	Not published	+2.1 pp vs world	13.6%	Not published	Not published	-9.4 pp vs world	10.3%	Not published	Not published	+4.7 pp vs world	12.1%	Not published	Not published	-2.5 pp vs world	9.9%	Not published	Not published	+0.5 pp vs world	48.7%	Not published	Not published	+4.6 pp vs world
Iceland	2006	5.5%	Not published	Not published	+2.2 pp vs world	14.7%	Not published	Not published	-8.8 pp vs world	10.9%	Not published	Not published	+5.2 pp vs world	11.0%	Not published	Not published	-3.4 pp vs world	9.0%	Not published	Not published	-0.3 pp vs world	48.9%	Not published	Not published	+5.1 pp vs world
Iceland	2007	4.8%	Not published	Not published	+1.3 pp vs world	12.9%	Not published	Not published	-10.7 pp vs world	10.0%	Not published	Not published	+4.3 pp vs world	11.3%	Not published	Not published	-2.9 pp vs world	8.6%	Not published	Not published	-0.7 pp vs world	52.4%	Not published	Not published	+8.8 pp vs world
Iceland	2008	5.4%	Not published	Not published	+1.7 pp vs world	16.9%	Not published	Not published	-7.2 pp vs world	8.5%	Not published	Not published	+2.9 pp vs world	10.1%	Not published	Not published	-4.1 pp vs world	8.6%	Not published	Not published	-0.7 pp vs world	50.4%	Not published	Not published	+7.3 pp vs world
Iceland	2009	6.2%	Not published	Not published	+2.4 pp vs world	16.8%	Not published	Not published	-5.5 pp vs world	4.7%	Not published	Not published	-0.9 pp vs world	10.2%	Not published	Not published	-3.8 pp vs world	9.0%	Not published	Not published	-0.2 pp vs world	53.1%	Not published	Not published	+8.0 pp vs world
Iceland	2010	7.0%	Not published	Not published	+3.0 pp vs world	19.8%	Not published	Not published	-3.9 pp vs world	4.5%	Not published	Not published	-0.9 pp vs world	9.9%	Not published	Not published	-4.2 pp vs world	9.7%	Not published	Not published	+0.6 pp vs world	49.2%	Not published	Not published	+5.3 pp vs world
Iceland	2011	7.6%	Not published	Not published	+3.4 pp vs world	20.3%	Not published	Not published	-3.9 pp vs world	4.2%	Not published	Not published	-1.2 pp vs world	11.0%	Not published	Not published	-3.0 pp vs world	9.7%	Not published	Not published	+0.8 pp vs world	47.2%	Not published	Not published	+4.0 pp vs world
Iceland	2012	7.6%	Not published	Not published	+3.3 pp vs world	18.9%	Not published	Not published	-5.2 pp vs world	4.5%	Not published	Not published	-1.0 pp vs world	10.4%	Not published	Not published	-3.7 pp vs world	9.4%	Not published	Not published	+0.5 pp vs world	49.2%	Not published	Not published	+6.1 pp vs world
Iceland	2013	6.7%	Not published	Not published	+2.3 pp vs world	18.2%	Not published	Not published	-5.6 pp vs world	4.8%	Not published	Not published	-0.8 pp vs world	10.8%	Not published	Not published	-3.3 pp vs world	10.5%	Not published	Not published	+1.5 pp vs world	49.1%	Not published	Not published	+5.8 pp vs world
Iceland	2014	5.9%	Not published	Not published	+1.4 pp vs world	17.8%	Not published	Not published	-5.6 pp vs world	5.4%	Not published	Not published	-0.2 pp vs world	11.5%	Not published	Not published	-2.6 pp vs world	10.1%	Not published	Not published	+1.1 pp vs world	49.4%	Not published	Not published	+5.9 pp vs world
Iceland	2015	6.0%	Not published	Not published	+1.6 pp vs world	16.8%	Not published	Not published	-5.6 pp vs world	5.5%	Not published	Not published	-0.1 pp vs world	12.1%	Not published	Not published	-2.2 pp vs world	11.1%	Not published	Not published	+2.0 pp vs world	48.5%	Not published	Not published	+4.3 pp vs world
Iceland	2016	5.0%	Not published	Not published	+0.6 pp vs world	15.2%	Not published	Not published	-6.5 pp vs world	6.8%	Not published	Not published	+1.2 pp vs world	13.2%	Not published	Not published	-1.1 pp vs world	11.4%	Not published	Not published	+2.1 pp vs world	48.4%	Not published	Not published	+3.6 pp vs world
Iceland	2017	4.2%	Not published	Not published	-0.1 pp vs world	14.4%	Not published	Not published	-7.6 pp vs world	7.5%	Not published	Not published	+1.8 pp vs world	13.2%	Not published	Not published	-1.2 pp vs world	11.2%	Not published	Not published	+2.0 pp vs world	49.5%	Not published	Not published	+5.1 pp vs world
Iceland	2018	4.7%	Not published	Not published	+0.5 pp vs world	14.7%	Not published	Not published	-7.8 pp vs world	7.8%	Not published	Not published	+2.1 pp vs world	12.7%	Not published	Not published	-1.5 pp vs world	11.9%	Not published	Not published	+2.6 pp vs world	48.3%	Not published	Not published	+4.1 pp vs world
Iceland	2019	4.9%	Not published	Not published	+0.7 pp vs world	13.8%	Not published	Not published	-7.9 pp vs world	7.7%	Not published	Not published	+1.9 pp vs world	12.5%	Not published	Not published	-1.8 pp vs world	11.4%	Not published	Not published	+1.9 pp vs world	49.7%	Not published	Not published	+5.2 pp vs world
Iceland	2020	5.3%	Not published	Not published	+0.8 pp vs world	14.6%	Not published	Not published	-6.4 pp vs world	7.7%	Not published	Not published	+1.9 pp vs world	11.1%	Not published	Not published	-2.6 pp vs world	9.5%	Not published	Not published	+0.1 pp vs world	51.8%	Not published	Not published	+6.2 pp vs world
Iceland	2021	4.9%	Not published	Not published	+0.4 pp vs world	15.7%	Not published	Not published	-6.6 pp vs world	7.0%	Not published	Not published	+1.3 pp vs world	12.4%	Not published	Not published	-1.6 pp vs world	9.6%	Not published	Not published	+0.2 pp vs world	50.4%	Not published	Not published	+6.3 pp vs world
Iceland	2022	4.7%	Not published	Not published	+0.1 pp vs world	16.0%	Not published	Not published	-6.8 pp vs world	7.3%	Not published	Not published	+1.6 pp vs world	12.4%	Not published	Not published	-1.9 pp vs world	10.7%	Not published	Not published	+1.2 pp vs world	48.9%	Not published	Not published	+5.7 pp vs world
Iceland	2023	4.8%	Not published	Not published	+0.5 pp vs world	14.2%	Not published	Not published	-7.5 pp vs world	7.9%	Not published	Not published	+2.1 pp vs world	12.8%	Not published	Not published	-1.7 pp vs world	10.8%	Not published	Not published	+1.1 pp vs world	49.4%	Not published	Not published	+5.4 pp vs world
Iceland	2024	4.0%	Not published	Not published	-0.3 pp vs world	14.4%	Not published	Not published	-6.7 pp vs world	8.3%	Not published	Not published	+2.5 pp vs world	12.5%	Not published	Not published	-2.0 pp vs world	10.8%	Not published	Not published	+1.0 pp vs world	50.0%	Not published	Not published	+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

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 unavailable

Share within parent activity69.1%2024 · Derived measure · World rank unavailable

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.

Filter rows

From yearTo year

Showing 55 of 55 rows

Manufacturing annual rates, ranks and specialization table

Iceland	1970	18.7%	Not published	Not published	-7.3 pp vs world	85.1%	Not published	Not published	+1.0 pp vs world	Not published	Not published	Not published	Not published	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1971	18.1%	Not published	Not published	-7.5 pp vs world	85.0%	Not published	Not published	+1.3 pp vs world	12.3%	Not published	Not published	+9.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1972	17.7%	Not published	Not published	-7.8 pp vs world	83.9%	Not published	Not published	+0.3 pp vs world	5.4%	Not published	Not published	-1.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1973	20.2%	Not published	Not published	-5.5 pp vs world	86.3%	Not published	Not published	+3.2 pp vs world	6.6%	Not published	Not published	-2.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1974	16.1%	Not published	Not published	-9.0 pp vs world	84.7%	Not published	Not published	+5.5 pp vs world	1.2%	Not published	Not published	-0.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1975	16.8%	Not published	Not published	-7.4 pp vs world	80.5%	Not published	Not published	+1.5 pp vs world	-0.5%	Not published	Not published	+2.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1976	18.9%	Not published	Not published	-5.5 pp vs world	82.7%	Not published	Not published	+3.9 pp vs world	10.8%	Not published	Not published	+3.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1977	19.4%	Not published	Not published	-4.7 pp vs world	83.9%	Not published	Not published	+5.5 pp vs world	15.2%	Not published	Not published	+11.3 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1978	18.2%	Not published	Not published	-5.9 pp vs world	83.3%	Not published	Not published	+4.3 pp vs world	2.2%	Not published	Not published	-1.3 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1979	20.4%	Not published	Not published	-3.4 pp vs world	83.2%	Not published	Not published	+6.0 pp vs world	8.6%	Not published	Not published	+4.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1980	20.1%	Not published	Not published	-2.8 pp vs world	81.0%	Not published	Not published	+7.3 pp vs world	8.2%	Not published	Not published	+8.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1981	19.9%	Not published	Not published	-2.6 pp vs world	82.3%	Not published	Not published	+8.9 pp vs world	2.8%	Not published	Not published	+1.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1982	18.6%	Not published	Not published	-3.5 pp vs world	79.7%	Not published	Not published	+5.6 pp vs world	-4.8%	Not published	Not published	-3.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1983	17.1%	Not published	Not published	-4.6 pp vs world	71.8%	Not published	Not published	-2.2 pp vs world	-6.4%	Not published	Not published	-8.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1984	18.8%	Not published	Not published	-3.0 pp vs world	72.3%	Not published	Not published	-2.3 pp vs world	6.7%	Not published	Not published	+1.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1985	18.1%	Not published	Not published	-3.6 pp vs world	74.1%	Not published	Not published	-1.4 pp vs world	1.6%	Not published	Not published	-2.7 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1986	19.4%	Not published	Not published	-2.6 pp vs world	78.4%	Not published	Not published	-0.9 pp vs world	5.1%	Not published	Not published	+3.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1987	19.1%	Not published	Not published	-2.7 pp vs world	82.1%	Not published	Not published	+2.8 pp vs world	8.2%	Not published	Not published	+3.7 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1988	18.1%	Not published	Not published	-3.7 pp vs world	79.1%	Not published	Not published	-1.0 pp vs world	-6.1%	Not published	Not published	-11.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1989	17.7%	Not published	Not published	-3.7 pp vs world	78.6%	Not published	Not published	-1.2 pp vs world	-3.3%	Not published	Not published	-6.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1990	16.4%	Not published	Not published	-4.4 pp vs world	78.8%	Not published	Not published	+0.4 pp vs world	-3.4%	Not published	Not published	-4.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1991	16.4%	Not published	Not published	-4.1 pp vs world	79.7%	Not published	Not published	+1.0 pp vs world	1.8%	Not published	Not published	+1.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1992	15.6%	Not published	Not published	-4.2 pp vs world	78.2%	Not published	Not published	-0.1 pp vs world	-2.7%	Not published	Not published	-2.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1993	15.7%	Not published	Not published	-3.4 pp vs world	77.6%	Not published	Not published	+0.1 pp vs world	-2.2%	Not published	Not published	-1.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1994	16.4%	Not published	Not published	-2.8 pp vs world	79.5%	Not published	Not published	+1.2 pp vs world	2.1%	Not published	Not published	-1.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1995	15.5%	Not published	Not published	-3.7 pp vs world	78.5%	Not published	Not published	+0.4 pp vs world	-2.4%	Not published	Not published	-7.3 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1996	15.4%	Not published	Not published	-3.1 pp vs world	79.2%	Not published	Not published	+2.7 pp vs world	5.7%	Not published	Not published	+3.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1997	16.1%	Not published	Not published	-2.2 pp vs world	78.5%	Not published	Not published	+2.5 pp vs world	-0.4%	Not published	Not published	-4.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1998	15.2%	Not published	Not published	-2.6 pp vs world	79.8%	Not published	Not published	+3.0 pp vs world	0.8%	Not published	Not published	-0.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	1999	13.6%	Not published	Not published	-3.9 pp vs world	77.0%	Not published	Not published	+1.0 pp vs world	0.8%	Not published	Not published	-2.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2000	13.1%	Not published	Not published	-4.2 pp vs world	77.3%	Not published	Not published	+3.4 pp vs world	1.3%	Not published	Not published	-5.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2001	14.9%	Not published	Not published	-1.5 pp vs world	78.1%	Not published	Not published	+5.4 pp vs world	7.1%	Not published	Not published	+7.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2002	12.9%	Not published	Not published	-3.0 pp vs world	76.9%	Not published	Not published	+4.8 pp vs world	-1.4%	Not published	Not published	-2.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2003	12.4%	Not published	Not published	-3.5 pp vs world	77.1%	Not published	Not published	+5.6 pp vs world	-0.3%	Not published	Not published	-3.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2004	11.9%	Not published	Not published	-5.4 pp vs world	76.4%	Not published	Not published	-0.1 pp vs world	7.9%	Not published	Not published	-11.7 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2005	10.0%	Not published	Not published	-7.1 pp vs world	73.2%	Not published	Not published	-0.7 pp vs world	0.0%	Not published	Not published	-4.3 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2006	10.5%	Not published	Not published	-6.6 pp vs world	71.2%	Not published	Not published	-1.3 pp vs world	7.2%	Not published	Not published	+0.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2007	8.9%	Not published	Not published	-8.2 pp vs world	69.4%	Not published	Not published	-3.0 pp vs world	6.1%	Not published	Not published	+0.1 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2008	12.1%	Not published	Not published	-4.7 pp vs world	71.6%	Not published	Not published	+1.7 pp vs world	6.5%	Not published	Not published	+5.3 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2009	12.0%	Not published	Not published	-4.2 pp vs world	71.1%	Not published	Not published	-1.5 pp vs world	-5.9%	Not published	Not published	+0.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2010	14.3%	Not published	Not published	-2.4 pp vs world	72.2%	Not published	Not published	+1.4 pp vs world	3.9%	Not published	Not published	-5.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2011	14.5%	Not published	Not published	-2.3 pp vs world	71.3%	Not published	Not published	+2.0 pp vs world	6.2%	Not published	Not published	+1.9 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2012	13.0%	Not published	Not published	-3.8 pp vs world	68.8%	Not published	Not published	-0.7 pp vs world	3.1%	Not published	Not published	+0.8 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2013	12.4%	Not published	Not published	-4.2 pp vs world	68.4%	Not published	Not published	-1.5 pp vs world	2.7%	Not published	Not published	-0.5 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2014	12.8%	Not published	Not published	-4.0 pp vs world	72.0%	Not published	Not published	+0.2 pp vs world	6.8%	Not published	Not published	+2.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2015	12.0%	Not published	Not published	-5.1 pp vs world	71.3%	Not published	Not published	-4.9 pp vs world	3.6%	Not published	Not published	+0.0 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2016	10.6%	Not published	Not published	-6.2 pp vs world	69.7%	Not published	Not published	-7.7 pp vs world	0.9%	Not published	Not published	-1.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2017	9.9%	Not published	Not published	-6.8 pp vs world	68.7%	Not published	Not published	-7.4 pp vs world	-3.9%	Not published	Not published	-7.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2018	10.1%	Not published	Not published	-6.7 pp vs world	69.1%	Not published	Not published	-6.0 pp vs world	9.4%	Not published	Not published	+5.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2019	9.4%	Not published	Not published	-7.1 pp vs world	67.8%	Not published	Not published	-7.8 pp vs world	-7.2%	Not published	Not published	-8.7 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2020	9.9%	Not published	Not published	-6.5 pp vs world	67.5%	Not published	Not published	-10.1 pp vs world	-2.0%	Not published	Not published	+0.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2021	11.1%	Not published	Not published	-5.8 pp vs world	70.6%	Not published	Not published	-4.8 pp vs world	11.6%	Not published	Not published	+2.6 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2022	11.0%	Not published	Not published	-5.4 pp vs world	68.6%	Not published	Not published	-3.3 pp vs world	0.7%	Not published	Not published	-1.4 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2023	9.5%	Not published	Not published	-6.5 pp vs world	66.7%	Not published	Not published	-6.7 pp vs world	-5.6%	Not published	Not published	-7.2 pp vs world	0.0%	Not published	Not published	-100.0 pp vs world
Iceland	2024	10.0%	Not published	Not published	-5.7 pp vs world	69.1%	Not published	Not published	-5.0 pp vs world	4.8%	Not published	Not published	+1.8 pp vs world	0.0%	Not published	Not published	-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×

Iceland Economic Overview

Read the economy through three eras

What should a reader know first?

Real output, indexed to a shared starting year

Real GDP trajectory

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

Nominal GDP

Nominal GDP and UN benchmarks

What does the record show per person?

GDP per person

GDP per person and UN benchmarks

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

Real GDP growth

Real GDP growth and UN benchmarks

How is output used for consumption and domestic demand?

Final Consumption

Final consumption and UN benchmarks

How much current output is directed toward capital formation?

Gross Capital Formation

Gross capital formation and UN benchmarks

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

Trade openness

Trade openness and UN benchmarks

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

Structural change across six activities

Industry composition and economic scale

Broad industry structure over time

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

Manufacturing in the economic structure