Iceland 2023
Detailed economic analysis and indicators for 2023
Key Economic Indicators (2023)
GDP (Current USD)
$31.33 billion
↑ 8.88% vs 2022GDP per Capita
$79,636.95
↑ 5.74% vs 2022GDP Growth (Annual %)
5.04%
↓ 3.96pp vs 2022Inflation Rate (CPI %)
8.74%
↑ 0.43pp vs 2022Year-over-Year Comparison
| Indicator | 2022 | 2023 | Change |
|---|---|---|---|
| GDP (Current USD) | $28.77 billion | $31.33 billion | +8.88% |
| GDP per Capita | $75,314.09 | $79,636.95 | +5.74% |
| GDP Growth (Annual %) | 8.99% | 5.04% | -3.96pp |
| Inflation (CPI %) | 8.31% | 8.74% | +0.43pp |
| Unemployment Rate (%) | 3.79% | 3.52% | -0.27pp |
All Economic Indicators (2023)
National Accounts
- GDP (Current USD)
- $31.33 billion
- GDP per Capita
- $79,636.95
- GDP Growth (Annual %)
- 5.04%
- Gross National Income
- $31.87 billion
Prices & Employment
- Inflation (CPI %)
- 8.74%
- Inflation (GDP Deflator %)
- 5.70%
- Unemployment Rate (%)
- 3.52%
- Interest Rate (Real %)
- 5.52%
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)
- 0.93%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2023, Iceland's Gross Domestic Product (GDP) is $31.33 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Iceland for 2023 is $79,636.95. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Iceland for 2023 is 8.74%. This measures the annual percentage change in the cost of consumer goods and services.
Iceland's annual GDP growth rate for 2023 is 5.04%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Iceland for 2023 is 3.52%. This represents the percentage of the labor force that is unemployed and actively seeking employment.