In 2023, Iceland witnessed an increase in its Nominal GDP, rising to 31.020 billion dollars, and an increase in its GDP based on Purchasing Power Parity (PPP), which reached 30.53 international billion dollars as per the World Bank's estimates.
Relatedly, in the preceding year of 2022, Iceland has Nominal GDP stood at 28.70 billion dollars, while the GDP based on PPP was 28.070 international billion dollars.
The net change in Iceland's GDP (Nominal) in 2023 increased by 2.32 billion dollars(7.48%), and GDP (PPP) increased by 2.46 international billion dollars(8.060%).
Source: worldbank Nominal PPP| Nominal | PPP | |||||
|---|---|---|---|---|---|---|
| Year | Bil $ | Net Chg | % Chg | Int Bil $ | Net Chg | % Chg |
| 1960 | 0.25 | - | - | - | - | - |
| 1961 | 0.26 | 0.01 | 3.85 % | - | - | - |
| 1962 | 0.29 | 0.03 | 10.34 % | - | - | - |
| 1963 | 0.35 | 0.06 | 17.14 % | - | - | - |
| 1964 | 0.44 | 0.09 | 20.45 % | - | - | - |
| 1965 | 0.53 | 0.09 | 16.98 % | - | - | - |
| 1966 | 0.64 | 0.11 | 17.19 % | - | - | - |
| 1967 | 0.63 | -0.01 | -1.59 % | - | - | - |
| 1968 | 0.48 | -0.15 | -31.25 % | - | - | - |
| 1969 | 0.42 | -0.06 | -14.29 % | - | - | - |
| 1970 | 0.53 | 0.11 | 20.75 % | - | - | - |
| 1971 | 0.67 | 0.14 | 20.90 % | - | - | - |
| 1972 | 0.84 | 0.17 | 20.24 % | - | - | - |
| 1973 | 1.15 | 0.31 | 26.96 % | - | - | - |
| 1974 | 1.52 | 0.37 | 24.34 % | - | - | - |
| 1975 | 1.41 | -0.11 | -7.80 % | - | - | - |
| 1976 | 1.67 | 0.26 | 15.57 % | - | - | - |
| 1977 | 2.21 | 0.54 | 24.43 % | - | - | - |
| 1978 | 2.51 | 0.30 | 11.95 % | - | - | - |
| 1979 | 2.85 | 0.34 | 11.93 % | - | - | - |
| 1980 | 3.38 | 0.53 | 15.68 % | - | - | - |
| 1981 | 3.49 | 0.11 | 3.15 % | - | - | - |
| 1982 | 3.21 | -0.28 | -8.72 % | - | - | - |
| 1983 | 2.77 | -0.44 | -15.88 % | - | - | - |
| 1984 | 2.86 | 0.09 | 3.15 % | - | - | - |
| 1985 | 2.98 | 0.12 | 4.03 % | - | - | - |
| 1986 | 3.99 | 1.01 | 25.31 % | - | - | - |
| 1987 | 5.52 | 1.53 | 27.72 % | - | - | - |
| 1988 | 6.11 | 0.59 | 9.66 % | - | - | - |
| 1989 | 5.67 | -0.44 | -7.76 % | - | - | - |
| 1990 | 6.47 | 0.80 | 12.36 % | 5.60 | - | - |
| 1991 | 6.91 | 0.44 | 6.37 % | 5.78 | 0.18 | 3.11 % |
| 1992 | 7.08 | 0.17 | 2.40 % | 5.71 | -0.07 | -1.23 % |
| 1993 | 6.22 | -0.86 | -13.83 % | 5.92 | 0.21 | 3.55 % |
| 1994 | 6.39 | 0.17 | 2.66 % | 6.26 | 0.34 | 5.43 % |
| 1995 | 7.12 | 0.73 | 10.25 % | 6.40 | 0.14 | 2.19 % |
| 1996 | 7.43 | 0.31 | 4.17 % | 6.66 | 0.26 | 3.90 % |
| 1997 | 7.57 | 0.14 | 1.85 % | 7.28 | 0.62 | 8.52 % |
| 1998 | 8.50 | 0.93 | 10.94 % | 7.87 | 0.59 | 7.50 % |
| 1999 | 8.98 | 0.48 | 5.35 % | 8.20 | 0.33 | 4.02 % |
| 2000 | 9.03 | 0.05 | 0.55 % | 8.38 | 0.18 | 2.15 % |
| 2001 | 8.23 | -0.80 | -9.72 % | 9.09 | 0.71 | 7.81 % |
| 2002 | 9.32 | 1.09 | 11.70 % | 9.38 | 0.29 | 3.09 % |
| 2003 | 11.43 | 2.11 | 18.46 % | 9.47 | 0.09 | 0.95 % |
| 2004 | 13.83 | 2.40 | 17.35 % | 10.40 | 0.93 | 8.94 % |
| 2005 | 16.85 | 3.02 | 17.92 % | 11.07 | 0.67 | 6.05 % |
| 2006 | 17.47 | 0.62 | 3.55 % | 12.06 | 0.99 | 8.21 % |
| 2007 | 21.65 | 4.18 | 19.31 % | 12.92 | 0.86 | 6.66 % |
| 2008 | 18.07 | -3.58 | -19.81 % | 13.88 | 0.96 | 6.92 % |
| 2009 | 13.15 | -4.92 | -37.41 % | 13.33 | -0.55 | -4.13 % |
| 2010 | 13.75 | 0.60 | 4.36 % | 12.65 | -0.68 | -5.38 % |
| 2011 | 15.22 | 1.47 | 9.66 % | 13.06 | 0.41 | 3.14 % |
| 2012 | 14.75 | -0.47 | -3.19 % | 13.47 | 0.41 | 3.04 % |
| 2013 | 16.13 | 1.38 | 8.56 % | 14.38 | 0.91 | 6.33 % |
| 2014 | 17.87 | 1.74 | 9.74 % | 15.06 | 0.68 | 4.52 % |
| 2015 | 17.52 | -0.35 | -2.00 % | 16.28 | 1.22 | 7.49 % |
| 2016 | 20.79 | 3.27 | 15.73 % | 17.94 | 1.66 | 9.25 % |
| 2017 | 24.73 | 3.94 | 15.93 % | 19.11 | 1.17 | 6.12 % |
| 2018 | 26.26 | 1.53 | 5.83 % | 20.17 | 1.06 | 5.26 % |
| 2019 | 24.68 | -1.58 | -6.40 % | 21.82 | 1.65 | 7.56 % |
| 2020 | 21.63 | -3.05 | -14.10 % | 20.45 | -1.37 | -6.70 % |
| 2021 | 25.80 | 4.17 | 16.16 % | 23.08 | 2.63 | 11.40 % |
| 2022 | 28.70 | 2.90 | 10.10 % | 28.07 | 4.99 | 17.78 % |
| 2023 | 31.02 | 2.32 | 7.48 % | 30.53 | 2.46 | 8.06 % |