Iceland Annual GDP Growth Table
Source: WorldbankGrowth | Growth Capita
In 2024, Iceland experienced a significant a decrease in its GDP growth rate, which fall to -0.971% from 5.186% in 2023. Additionally, the GDP per capita growth rate in Iceland decrease to -1.187% in 2024, compared to 4.188% in 2023.
| Year | GDP Growth | Net Chg | GDP Capita Growth | Net Chg |
|---|---|---|---|---|
| 1961 | -0.074% | -0.07% | -2.003% | -2.00% |
| 1962 | 8.315% | 8.39% | 6.326% | 8.33% |
| 1963 | 10.281% | 1.97% | 8.336% | 2.01% |
| 1964 | 9.882% | -0.40% | 7.946% | -0.39% |
| 1965 | 7.296% | -2.59% | 5.453% | -2.49% |
| 1966 | 8.751% | 1.46% | 6.925% | 1.47% |
| 1967 | -1.26% | -10.01% | -2.841% | -9.77% |
| 1968 | -5.498% | -4.24% | -6.782% | -3.94% |
| 1969 | 2.39% | 7.89% | 1.443% | 8.23% |
| 1970 | 7.458% | 5.07% | 6.896% | 5.45% |
| 1971 | 13.061% | 5.60% | 12.15% | 5.25% |
| 1972 | 6.177% | -6.88% | 4.634% | -7.52% |
| 1973 | 6.806% | 0.63% | 5.206% | 0.57% |
| 1974 | 5.706% | -1.10% | 4.286% | -0.92% |
| 1975 | 0.646% | -5.06% | -0.633% | -4.92% |
| 1976 | 5.959% | 5.31% | 4.913% | 5.55% |
| 1977 | 8.822% | 2.86% | 8.015% | 3.10% |
| 1978 | 6.017% | -2.81% | 5.192% | -2.82% |
| 1979 | 4.861% | -1.16% | 3.84% | -1.35% |
| 1980 | 5.748% | 0.89% | 4.634% | 0.79% |
| 1981 | 4.265% | -1.48% | 3.083% | -1.55% |
| 1982 | 2.155% | -2.11% | 0.798% | -2.29% |
| 1983 | -2.151% | -4.31% | -3.438% | -4.24% |
| 1984 | 4.129% | 6.28% | 3.027% | 6.47% |
| 1985 | 3.293% | -0.84% | 2.482% | -0.55% |
| 1986 | 6.271% | 2.98% | 5.495% | 3.01% |
| 1987 | 8.546% | 2.28% | 7.363% | 1.87% |
| 1988 | -0.09% | -8.64% | -1.642% | -9.01% |
| 1989 | 0.258% | 0.35% | -0.976% | 0.67% |
| 1990 | 1.169% | 0.91% | 0.386% | 1.36% |
| 1991 | -0.224% | -1.39% | -1.373% | -1.76% |
| 1992 | -3.374% | -3.15% | -4.581% | -3.21% |
| 1993 | 1.313% | 4.69% | 0.289% | 4.87% |
| 1994 | 3.609% | 2.30% | 2.715% | 2.43% |
| 1995 | 0.117% | -3.49% | -0.425% | -3.14% |
| 1996 | 4.498% | 4.38% | 3.935% | 4.36% |
| 1997 | 4.141% | -0.36% | 3.291% | -0.64% |
| 1998 | 7.01% | 2.87% | 5.871% | 2.58% |
| 1999 | 3.898% | -3.11% | 2.649% | -3.22% |
| 2000 | 4.905% | 1.01% | 3.479% | 0.83% |
| 2001 | 3.841% | -1.06% | 2.47% | -1.01% |
| 2002 | 0.542% | -3.30% | -0.351% | -2.82% |
| 2003 | 2.281% | 1.74% | 1.576% | 1.93% |
| 2004 | 7.623% | 5.34% | 6.682% | 5.11% |
| 2005 | 7.029% | -0.59% | 5.349% | -1.33% |
| 2006 | 5.672% | -1.36% | 3.22% | -2.13% |
| 2007 | 8.741% | 3.07% | 6.025% | 2.81% |
| 2008 | 1.7% | -7.04% | -0.174% | -6.20% |
| 2009 | -8.321% | -10.02% | -8.634% | -8.46% |
| 2010 | -2.222% | 6.10% | -2.081% | 6.55% |
| 2011 | 1.38% | 3.60% | 1.071% | 3.15% |
| 2012 | 1.169% | -0.21% | 0.632% | -0.44% |
| 2013 | 3.597% | 2.43% | 2.622% | 1.99% |
| 2014 | 1.914% | -1.68% | 0.786% | -1.84% |
| 2015 | 3.769% | 1.86% | 2.693% | 1.91% |
| 2016 | 6.218% | 2.45% | 4.754% | 2.06% |
| 2017 | 3.485% | -2.73% | 1.086% | -3.67% |
| 2018 | 4.661% | 1.18% | 1.895% | 0.81% |
| 2019 | 1.138% | -3.52% | -1.061% | -2.96% |
| 2020 | -6.646% | -7.78% | -8.149% | -7.09% |
| 2021 | 5.181% | 11.83% | 3.47% | 11.62% |
| 2022 | 8.821% | 3.64% | 6.119% | 2.65% |
| 2023 | 5.186% | -3.64% | 4.188% | -1.93% |
| 2024 | -0.971% | -6.16% | -1.187% | -5.38% |