Iceland IS: GDP: Real: Gross Value Added at Basic Prices

1995 - 2023 | Yearly | ISK mn | World Bank

Iceland IS: GDP: Real: Gross Value Added at Basic Prices data was reported at 2,729,013.523 ISK mn in 2023. This records an increase from the previous number of 2,624,085.011 ISK mn for 2022. Iceland IS: GDP: Real: Gross Value Added at Basic Prices data is updated yearly, averaging 1,872,673.178 ISK mn from Dec 1995 (Median) to 2023, with 29 observations. The data reached an all-time high of 2,729,013.523 ISK mn in 2023 and a record low of 1,099,218.667 ISK mn in 1995. Iceland IS: GDP: Real: Gross Value Added at Basic Prices data remains active status in CEIC and is reported by World Bank. The data is categorized under Global Database’s Iceland – Table IS.World Bank.WDI: Gross Domestic Product: Real. Gross value added at basic prices (formerly GDP at factor cost) is derived as the sum of the value added in the agriculture, industry and services sectors. If the value added of these sectors is calculated at purchaser values, gross value added at basic prices is derived by subtracting net product taxes from GDP. Data are in constant local currency.;World Bank national accounts data, and OECD National Accounts data files.;;

View Iceland's Iceland IS: GDP: Real: Gross Value Added at Basic Prices from 1995 to 2023 in the chart:

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Iceland Iceland IS: GDP: Real: Gross Value Added at Basic Prices
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Iceland Iceland IS: GDP: Real: Gross Value Added at Basic Prices

What was Iceland's Iceland IS: GDP: Real: Gross Value Added at Basic Prices in 2023?

Last Previous Min Max Unit Frequency Range
2,729,013.523 2023 2,624,085.011 2022 1,099,218.667 1995 2,729,013.523 2023 ISK mn yearly 1995 - 2023

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Iceland Key Series

National Accounts Last Frequency Range
Forecast: GDP PPP Per Capita (PPP Intl $) 86,450.115 2029 yearly 1980 - 2029
Forecast: Nominal GDP Per Capita (USD) 110,945.675 2029 yearly 1980 - 2029
Forecast: Real GDP Growth (%) 2.432 2029 yearly 1980 - 2029
GDP Deflator Growth (%) 6.1 Dec 2022 quarterly Mar 1996 - Dec 2022
GDP per Capita (USD) 72,684.247 2022 yearly 1960 - 2022
Gross Fixed Capital Formation (USD mn) 2,127.116 Jun 2024 quarterly Mar 1995 - Jun 2024
Gross National Product (GNP) (USD mn) 31,890.966 2023 yearly 1960 - 2023
Gross Savings Rate (%) 23.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Investment: % of GDP (%) 25.1 Jun 2024 quarterly Mar 1995 - Jun 2024
Nominal GDP (USD mn) 7,161.1 Mar 2023 quarterly Mar 1995 - Mar 2023
Nominal GDP Growth (%) 4.332 Jun 2024 quarterly Mar 1996 - Jun 2024
Private Consumption Expenditure (USD mn) 4,012.422 Jun 2024 quarterly Mar 1995 - Jun 2024
Private Consumption: % of GDP (%) 51.0 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption Expenditure (USD mn) 2,086.570 Jun 2024 quarterly Mar 1995 - Jun 2024
Public Consumption: % of GDP (%) 25.8 Jun 2024 quarterly Mar 1995 - Jun 2024
Real GDP Growth (%) 6.1 Mar 2023 quarterly Mar 1996 - Mar 2023
Total Trade of Goods & Services: % of Nominal GDP (%) 88.281 Sep 2024 quarterly Mar 1995 - Sep 2024
Production Last Frequency Range
Industrial Production Index Growth (%) 11.7 2018 yearly 2008 - 2018
Minerals Production (Metric Ton) 735,394.000 2022 yearly 2009 - 2022
Construction and Properties Last Frequency Range
House Prices Growth (%) 8.8 Nov 2024 monthly Mar 2001 - Nov 2024
Nominal Residential Property Price Index (2010=100) 346.444 Jun 2024 quarterly Mar 2000 - Jun 2024
Nominal Residential Property Price Index Growth (%) 6.282 Jun 2024 quarterly Mar 2001 - Jun 2024
Real Residential Property Price Index (2010=100) 200.642 Jun 2024 quarterly Mar 2000 - Jun 2024
Real Residential Property Price Index Growth (%) 0.249 Jun 2024 quarterly Mar 2001 - Jun 2024
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -3.1 Sep 2024 quarterly Mar 2002 - Sep 2024
Forecast: Government Expenditure (ISK bn) 2,558.091 2029 yearly 1980 - 2029
Forecast: Government Net Debt (ISK bn) 2,671.158 2029 yearly 1982 - 2029
Forecast: Government Revenue (ISK bn) 2,502.666 2029 yearly 1980 - 2029
Government Debt: % of GDP (%) 64.2 2023 yearly 1998 - 2023
National Government Debt (USD mn) 20,353.7 2023 yearly 1998 - 2023
Tax Revenue (USD mn) 2,504.213 Jun 2024 quarterly Mar 2002 - Jun 2024
Consolidated Fiscal Balance (USD mn) -600.101 Jun 2024 quarterly Mar 2002 - Jun 2024
Tax Revenue: % of GDP (%) 32.5 Sep 2024 quarterly Mar 2002 - Sep 2024
Demographic and Labour Market Last Frequency Range
Employed Persons (Person) 232,200.000 Oct 2024 monthly Jan 2003 - Oct 2024
Forecast: Employment (Person mn) 0.224 2024 yearly 1980 - 2024
Forecast: Population (Person mn) 0.430 2029 yearly 1980 - 2029
Forecast: Unemployment Rate (%) 4.000 2029 yearly 1980 - 2029
Labour Force Participation Rate (%) 81.5 Oct 2024 monthly Jan 2003 - Oct 2024
Labour Productivity Growth (%) -6.43 Sep 2024 quarterly Mar 2004 - Sep 2024
Monthly Earnings (USD) 6,909 2023 yearly 1998 - 2023
Population (Person mn) 0.4 2023 yearly 1732 - 2023
Unemployment Rate (%) 3.37 Oct 2024 monthly Jan 2003 - Oct 2024

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