Iceland 2024
Detailed economic analysis and indicators for 2024
Key Economic Indicators (2024)
GDP (Current USD)
$32.82 billion
↑ 4.77% vs 2023GDP per Capita
$83,436.99
↑ 4.77% vs 2023GDP Growth (Annual %)
4.77%
↓ 0.27pp vs 2023Inflation Rate (CPI %)
5.86%
↓ 2.88pp vs 2023Year-over-Year Comparison
| Indicator | 2023 | 2024 | Change |
|---|---|---|---|
| GDP (Current USD) | $31.33 billion | $32.82 billion | +4.77% |
| GDP per Capita | $79,636.95 | $83,436.99 | +4.77% |
| GDP Growth (Annual %) | 5.04% | 4.77% | -0.27pp |
| Inflation (CPI %) | 8.74% | 5.86% | -2.88pp |
| Unemployment Rate (%) | 3.52% | 3.11% | -0.41pp |
All Economic Indicators (2024)
National Accounts
- GDP (Current USD)
- $32.82 billion
- GDP per Capita
- $83,436.99
- GDP Growth (Annual %)
- 4.77%
- Gross National Income
- N/A
Prices & Employment
- Inflation (CPI %)
- 5.86%
- Inflation (GDP Deflator %)
- N/A
- Unemployment Rate (%)
- 3.11%
- Interest Rate (Real %)
- N/A
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)
- N/A
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2024, Iceland's Gross Domestic Product (GDP) is $32.82 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Iceland for 2024 is $83,436.99. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Iceland for 2024 is 5.86%. This measures the annual percentage change in the cost of consumer goods and services.
Iceland's annual GDP growth rate for 2024 is 4.77%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Iceland for 2024 is 3.11%. This represents the percentage of the labor force that is unemployed and actively seeking employment.