Nominal GDP
$38.58B
current US$ · 2025
World Bank
🇮🇸
Economy Snapshot
Iceland Economy and Trade
ReykjavíkLocal time
GDP $38.58B · real growth 1.3% · 2025
For Iceland, the dashboard separates a 2025 nominal GDP reading of $38.58B from the 2025 real-growth rate of 1.3%. The income-scale indicator is $98,324 per person in 2025, with CPI inflation shown separately at 4.1% for 2025. Reference years remain attached to each series so readers can compare the figures without treating differently dated measures as one snapshot.
GDP per capita
$98,324
current US$ · 2025
Source listed below
Real GDP growth
1.3%
annual % · 2025
Source listed below
Inflation
4.1%
CPI annual % · 2025
Source listed below
Iceland at a Glance
Each measure keeps its actual reference year and definition.
Output trend
Nominal GDP · annual observations · current US$ · World Bank
2015: $17.70B2016: $21.08B2017: $25.06B2018: $26.68B2019: $24.99B2020: $22.03B2021: $26.23B2022: $29.18B2023: $31.70B2024: $33.19B2025: $38.58B
GDP per capita$98,324
Real growth1.3%
GDP year2025
2025 Inflation
4.1%
CPI annual %
2025 Unemployment
3.6%
labor-market measure
2025 GDP per capita
$98,323.5
current US$
Macro signals
Available measures are shown with their reported reference periods.
Macro signals
World Bank annual observations
Real growth20251.3%
Unemployment20253.6%
Inflation20254.1%
Understand the numbers
What Iceland's economic profile is telling you
Iceland returned to positive real growth in the current 2025 World Bank series, while GDP per capita exceeded $98,000. Inflation remained above 4 percent and modeled unemployment was 3.6 percent.
Reading the macro data
Nominal GDP measures current-dollar size. Real growth, inflation and unemployment describe different economic conditions.
Reading the trade data
Merchandise trade covers goods. A balance appears only when exports and imports have a verified matching year and currency basis.
Detailed Economic Data
| Indicator | Iceland | Reference period | Status |
|---|---|---|---|
| GDPcurrent US$ | $38.58B | 2025 | Actual |
| GDP per capitacurrent US$ | $98,323.5 | 2025 | Actual |
| Real GDP growthannual % | 1.3% | 2025 | Actual |
| InflationCPI annual % | 4.1% | 2025 | Actual |
| Unemploymentmodeled ILO estimate | 3.6% | 2025 | Estimate |
| Merchandise balancematched year required | Not calculated | Unavailable | Unavailable |
Frequently Asked Questions
What is Iceland's latest GDP?
The World Bank GDP observation used here is $38.58B for 2025.
What does merchandise trade show for Iceland?
A current matched merchandise export and import pair was not independently resolved, so no goods balance is calculated.
Sources & methodology
Sources for the economic indicators and definitions shown above.
View sources used for this page
Core macroeconomic indicators.
Official data: GDP · GDP per capita · Real growth · Inflation · Unemployment
Matched-year merchandise trade where independently resolved.
Official data: WTO economy profiles