GDP Growth Rate
Year -
4.06%
In 2023, Iceland experienced a significant a decrease in its GDP growth rate, which fall to 4.06% from 8.88% in 2022. Additionally, the GDP per capita growth rate in Iceland decrease to 1% in 2023, compared to 6.18% in 2022.
In 2023, Iceland experienced a decrease in economic performance, with the GDP growth rate falling by 4.82%. Additionally, the GDP per capita growth rate decrease by 5.18%.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | -0.07% | -0.07% | -2% | -2.00% |
| 1962 | 8.31% | 8.38% | 6.33% | 8.33% |
| 1963 | 10.28% | 1.97% | 8.34% | 2.01% |
| 1964 | 9.88% | -0.40% | 7.95% | -0.39% |
| 1965 | 7.3% | -2.58% | 5.45% | -2.50% |
| 1966 | 8.75% | 1.45% | 6.92% | 1.47% |
| 1967 | -1.26% | -10.01% | -2.84% | -9.76% |
| 1968 | -5.5% | -4.24% | -6.78% | -3.94% |
| 1969 | 2.39% | 7.89% | 1.44% | 8.22% |
| 1970 | 7.46% | 5.07% | 6.9% | 5.46% |
| 1971 | 13.06% | 5.60% | 12.15% | 5.25% |
| 1972 | 6.18% | -6.88% | 4.63% | -7.52% |
| 1973 | 6.81% | 0.63% | 5.21% | 0.58% |
| 1974 | 5.71% | -1.10% | 4.29% | -0.92% |
| 1975 | 0.65% | -5.06% | -0.63% | -4.92% |
| 1976 | 5.96% | 5.31% | 4.91% | 5.54% |
| 1977 | 8.82% | 2.86% | 8.02% | 3.11% |
| 1978 | 6.02% | -2.80% | 5.19% | -2.83% |
| 1979 | 4.86% | -1.16% | 3.84% | -1.35% |
| 1980 | 5.75% | 0.89% | 4.63% | 0.79% |
| 1981 | 4.27% | -1.48% | 3.08% | -1.55% |
| 1982 | 2.15% | -2.12% | 0.8% | -2.28% |
| 1983 | -2.15% | -4.30% | -3.44% | -4.24% |
| 1984 | 4.13% | 6.28% | 3.03% | 6.47% |
| 1985 | 3.29% | -0.84% | 2.48% | -0.55% |
| 1986 | 6.27% | 2.98% | 5.49% | 3.01% |
| 1987 | 8.55% | 2.28% | 7.36% | 1.87% |
| 1988 | -0.09% | -8.64% | -1.64% | -9.00% |
| 1989 | 0.26% | 0.35% | -0.98% | 0.66% |
| 1990 | 1.17% | 0.91% | 0.39% | 1.37% |
| 1991 | -0.22% | -1.39% | -1.37% | -1.76% |
| 1992 | -3.37% | -3.15% | -4.58% | -3.21% |
| 1993 | 1.31% | 4.68% | 0.29% | 4.87% |
| 1994 | 3.61% | 2.30% | 2.71% | 2.42% |
| 1995 | 0.12% | -3.49% | -0.43% | -3.14% |
| 1996 | 4.57% | 4.45% | 4% | 4.43% |
| 1997 | 5.77% | 1.20% | 4.91% | 0.91% |
| 1998 | 7.36% | 1.59% | 6.22% | 1.31% |
| 1999 | 4.03% | -3.33% | 2.78% | -3.44% |
| 2000 | 4.99% | 0.96% | 3.56% | 0.78% |
| 2001 | 4.01% | -0.98% | 2.64% | -0.92% |
| 2002 | 0.56% | -3.45% | -0.33% | -2.97% |
| 2003 | 2.14% | 1.58% | 1.44% | 1.77% |
| 2004 | 7.8% | 5.66% | 6.86% | 5.42% |
| 2005 | 6.12% | -1.68% | 4.46% | -2.40% |
| 2006 | 6.32% | 0.20% | 3.85% | -0.61% |
| 2007 | 8.45% | 2.13% | 5.75% | 1.90% |
| 2008 | 2.21% | -6.24% | 0.33% | -5.42% |
| 2009 | -7.66% | -9.87% | -7.98% | -8.31% |
| 2010 | -2.83% | 4.83% | -2.69% | 5.29% |
| 2011 | 1.85% | 4.68% | 1.54% | 4.23% |
| 2012 | 1.06% | -0.79% | 0.53% | -1.01% |
| 2013 | 4.55% | 3.49% | 3.57% | 3.04% |
| 2014 | 1.69% | -2.86% | 0.56% | -3.01% |
| 2015 | 4.44% | 2.75% | 3.35% | 2.79% |
| 2016 | 6.3% | 1.86% | 4.84% | 1.49% |
| 2017 | 4.19% | -2.11% | 1.78% | -3.06% |
| 2018 | 4.89% | 0.70% | 2.12% | 0.34% |
| 2019 | 1.86% | -3.03% | -0.35% | -2.47% |
| 2020 | -6.94% | -8.80% | -8.44% | -8.09% |
| 2021 | 5.15% | 12.09% | 3.44% | 11.88% |
| 2022 | 8.88% | 3.73% | 6.18% | 2.74% |
| 2023 | 4.06% | -4.82% | 1% | -5.18% |