Iceland 2016
Detailed economic analysis and indicators for 2016
Key Economic Indicators (2016)
GDP (Current USD)
$20.79 billion
↑ 18.70% vs 2015GDP per Capita
$61,987.93
↑ 17.07% vs 2015GDP Growth (Annual %)
6.30%
↑ 1.87pp vs 2015Inflation Rate (CPI %)
1.70%
↑ 0.06pp vs 2015Year-over-Year Comparison
| Indicator | 2015 | 2016 | Change |
|---|---|---|---|
| GDP (Current USD) | $17.52 billion | $20.79 billion | +18.70% |
| GDP per Capita | $52,951.68 | $61,987.93 | +17.07% |
| GDP Growth (Annual %) | 4.44% | 6.30% | +1.87pp |
| Inflation (CPI %) | 1.63% | 1.70% | +0.06pp |
| Unemployment Rate (%) | 3.98% | 2.98% | -1.00pp |
All Economic Indicators (2016)
National Accounts
- GDP (Current USD)
- $20.79 billion
- GDP per Capita
- $61,987.93
- GDP Growth (Annual %)
- 6.30%
- Gross National Income
- $21.20 billion
Prices & Employment
- Inflation (CPI %)
- 1.70%
- Inflation (GDP Deflator %)
- 2.26%
- Unemployment Rate (%)
- 2.98%
- Interest Rate (Real %)
- 5.84%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- 8.27%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2016, Iceland's Gross Domestic Product (GDP) is $20.79 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Iceland for 2016 is $61,987.93. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Iceland for 2016 is 1.70%. This measures the annual percentage change in the cost of consumer goods and services.
Iceland's annual GDP growth rate for 2016 is 6.30%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Iceland for 2016 is 2.98%. This represents the percentage of the labor force that is unemployed and actively seeking employment.