GDP Growth Rate
Year -
-0.97%
In 2024, Iceland experienced a significant a decrease in its GDP growth rate, which fall to -0.97% from 5.19% in 2023. Additionally, the GDP per capita growth rate in Iceland decrease to -1.19% in 2024, compared to 4.19% in 2023.
In 2024, Iceland experienced a decrease in economic performance, with the GDP growth rate falling by 6.16%. Additionally, the GDP per capita growth rate decrease by 5.38%.
| 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 | 4.5% | 4.38% | 3.93% | 4.36% |
| 1997 | 4.14% | -0.36% | 3.29% | -0.64% |
| 1998 | 7.01% | 2.87% | 5.87% | 2.58% |
| 1999 | 3.9% | -3.11% | 2.65% | -3.22% |
| 2000 | 4.91% | 1.01% | 3.48% | 0.83% |
| 2001 | 3.84% | -1.07% | 2.47% | -1.01% |
| 2002 | 0.54% | -3.30% | -0.35% | -2.82% |
| 2003 | 2.28% | 1.74% | 1.58% | 1.93% |
| 2004 | 7.62% | 5.34% | 6.68% | 5.10% |
| 2005 | 7.03% | -0.59% | 5.35% | -1.33% |
| 2006 | 5.67% | -1.36% | 3.22% | -2.13% |
| 2007 | 8.74% | 3.07% | 6.02% | 2.80% |
| 2008 | 1.7% | -7.04% | -0.17% | -6.19% |
| 2009 | -8.32% | -10.02% | -8.63% | -8.46% |
| 2010 | -2.22% | 6.10% | -2.08% | 6.55% |
| 2011 | 1.38% | 3.60% | 1.07% | 3.15% |
| 2012 | 1.17% | -0.21% | 0.63% | -0.44% |
| 2013 | 3.6% | 2.43% | 2.62% | 1.99% |
| 2014 | 1.91% | -1.69% | 0.79% | -1.83% |
| 2015 | 3.77% | 1.86% | 2.69% | 1.90% |
| 2016 | 6.22% | 2.45% | 4.75% | 2.06% |
| 2017 | 3.49% | -2.73% | 1.09% | -3.66% |
| 2018 | 4.66% | 1.17% | 1.9% | 0.81% |
| 2019 | 1.14% | -3.52% | -1.06% | -2.96% |
| 2020 | -6.65% | -7.79% | -8.15% | -7.09% |
| 2021 | 5.18% | 11.83% | 3.47% | 11.62% |
| 2022 | 8.82% | 3.64% | 6.12% | 2.65% |
| 2023 | 5.19% | -3.63% | 4.19% | -1.93% |
| 2024 | -0.97% | -6.16% | -1.19% | -5.38% |