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Iceland economy
Iceland’s economy grew 1.3% in 2025, slower than the world as a whole (2.9%). Consumer prices rose 4.1% in 2025, and 3.6% of the labour force was out of work.
| Indicator | Latest | Year |
|---|---|---|
| Real GDP growth | 1.3% | 2025 |
| Inflation (consumer prices) | 4.1% | 2025 |
| Unemployment | 3.6% | 2025 |
| GDP (US dollars) | $38.6 bn | 2025 |
| GDP per person (US dollars) | $98,323 | 2025 |
| GDP per person (PPP, international dollars) | $84,257 | 2024 |
| Current account balance, % of GDP | −3.5% | 2025 |
| Budget balance, % of GDP | −1.1% | 2023 |
| Extreme poverty, % of people below $3.00 a day | 0.1% | 2019 |
| Population | 392k | 2025 |
Source: World Bank, World Development Indicators (CC BY 4.0). Data release 2026-10-22. Figures are revised by their publishers.