Iceland 2021
Detailed economic analysis and indicators for 2021
Key Economic Indicators (2021)
GDP (Current USD)
$25.83 billion
↑ 19.40% vs 2020GDP per Capita
$69,325.91
↑ 17.45% vs 2020GDP Growth (Annual %)
5.25%
↑ 12.19pp vs 2020Inflation Rate (CPI %)
4.44%
↑ 1.60pp vs 2020Year-over-Year Comparison
| Indicator | 2020 | 2021 | Change |
|---|---|---|---|
| GDP (Current USD) | $21.63 billion | $25.83 billion | +19.40% |
| GDP per Capita | $59,023.57 | $69,325.91 | +17.45% |
| GDP Growth (Annual %) | -6.94% | 5.25% | +12.19pp |
| Inflation (CPI %) | 2.85% | 4.44% | +1.60pp |
| Unemployment Rate (%) | 5.48% | 6.03% | +0.55pp |
All Economic Indicators (2021)
National Accounts
- GDP (Current USD)
- $25.83 billion
- GDP per Capita
- $69,325.91
- GDP Growth (Annual %)
- 5.25%
- Gross National Income
- $25.84 billion
Prices & Employment
- Inflation (CPI %)
- 4.44%
- Inflation (GDP Deflator %)
- 6.37%
- Unemployment Rate (%)
- 6.03%
- Interest Rate (Real %)
- -0.91%
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)
- -2.79%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2021, Iceland's Gross Domestic Product (GDP) is $25.83 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Iceland for 2021 is $69,325.91. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Iceland for 2021 is 4.44%. This measures the annual percentage change in the cost of consumer goods and services.
Iceland's annual GDP growth rate for 2021 is 5.25%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Iceland for 2021 is 6.03%. This represents the percentage of the labor force that is unemployed and actively seeking employment.