Real GDP growth, %
Since 1995 · lighter bars = IMF projection
Macro
Iceland
Europe & Central Asia · High income · IMF WEO April 2026 · World Bank WDI
GDP▲ 16.3%
Current prices2025
39USD bn
GDP per capita▲ 14.6%
Current prices2025
99,071USD
Real GDP growth▲ 2.6 pp
Annual change2025
1.3%
Inflation▼ 1.8 pp
Average consumer prices2025
4.1%
Unemployment▲ 1.0 pp
Rate2025
4.4%
Government debt▼ 4.3 pp
General government, gross2025
56.1% of GDP
Current account▼ 0.3 pp
Balance2025
-3.6% of GDP
Population▲ 1.5%
Total2025
0.39million
Inflation, %
Average consumer prices · lighter bars = IMF projection
IMF outlook
IMF World Economic Outlook April 2026 · italics = IMF projection
| Indicator | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | 2028 | 2029 | 2030 |
|---|---|---|---|---|---|---|---|---|---|---|
| Real GDP growth % | 5.2 | 8.9 | 5.0 | -1.3 | 1.3 | 1.9 | 2.1 | 2.4 | 2.4 | 2.4 |
| Inflation, average consumer prices % | 4.5 | 8.3 | 8.7 | 5.9 | 4.1 | 4.8 | 2.8 | 2.5 | 2.5 | 2.5 |
| Unemployment rate % | 5.8 | 3.6 | 3.4 | 3.4 | 4.4 | 4.2 | 4.3 | 4.0 | 4.0 | 4.0 |
| GDP, current prices USD bn | 26 | 29 | 32 | 33 | 39 | 44 | 46 | 48 | 50 | 53 |
| GDP per capita, current prices USD | 73,221 | 79,953 | 84,490 | 86,485 | 99,071 | 110,048 | 113,119 | 115,893 | 118,926 | 122,074 |
| GDP per capita, PPP Int. USD | 65,517 | 75,007 | 79,454 | 78,600 | 80,662 | 82,730 | 84,548 | 86,171 | 88,058 | 90,028 |
| General government gross debt % of GDP | 73.6 | 66.4 | 61.5 | 60.4 | 56.1 | 53.6 | 51.7 | 49.9 | 47.8 | 45.4 |
| General government net lending/borrowing % of GDP | -8.0 | -3.8 | -2.3 | -3.7 | -2.8 | -1.1 | -0.5 | -0.2 | -0.1 | -0.1 |
| Current account balance % of GDP | -2.6 | -1.7 | -1.2 | -3.2 | -3.6 | -0.7 | -0.1 | 0.1 | 0.2 | 0.4 |
| Population million | 0.36 | 0.36 | 0.38 | 0.38 | 0.39 | 0.40 | 0.41 | 0.41 | 0.42 | 0.43 |
Government debt, % of GDP
General government gross debt
Current account, % of GDP
Balance of payments
Economic structure
Value added by sector, % of GDP · World Bank
AgricultureManufacturingOther industryServices
| Year | Structure | Agriculture | Industry | Manufacturing | Services |
|---|---|---|---|---|---|
| 1995 | 9.1 | 23.6 | 13.3 | 54.2 | |
| 2005 | 4.7 | 20.4 | 8.5 | 60.5 | |
| 2015 | 5.4 | 19.9 | 10.7 | 64.5 | |
| 2025 | 3.7 | 20.1 | 8.5 | 66.2 |
Income, trade and society
World Bank WDI · change over 10 years
| Indicator | Latest | Unit | Year | 10Y change |
|---|---|---|---|---|
| GNI per capita, Atlas method | 89,220 | USD | 2025 | +67.8% |
| GNI, Atlas method | 35 | USD bn | 2025 | +99.0% |
| Exports of goods and services | 40.1 | % of GDP | 2025 | -11.2 pp |
| Imports of goods and services | 42.4 | % of GDP | 2025 | -1.2 pp |
| Life expectancy at birth | 82.8 | years | 2024 | -0.1% |
| Urban population | 94.2 | % of total | 2025 | +0.5 pp |
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Market data for this country
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Sources: IMF World Economic Outlook (April 2026; 2026 onwards are IMF projections) · World Bank World Development Indicators (CC BY 4.0)