Iceland
#107 economy by nominal GDP · Europe & Central Asia · High income
GDP
$38.58B
Iceland accounts for 0.03% of the tracked GDP on Open Market Rank. Its GDP is 1.01× Georgia’s.
World Bank ·2025 data ·Snapshot Oct 11, 2026
Source: World Bank · 2021–2025
Iceland GDP moved from $26.2B to $38.6B.
Source: World Bank · 2016–2025
Iceland GDP moved from $21.1B to $38.6B.
Source: World Bank · 2001–2025
Iceland GDP moved from $8.3B to $38.6B.
Source: World Bank · 2001–2025
Iceland GDP moved from $8.3B to $38.6B.
Key indicators
GDP per person
$98,323
2025
Real GDP growth
+1.28%
2025
Population
392.4K
2025
National wealth
$378B
Latest available estimate
Inflation
4.09%
2025
Unemployment
3.62%
2025
Life expectancy
82.8 years
2025
Foreign reserves
$7.7B
2025
Money supply (M2)
$26.0B
2025
How it compares
Nearby in the economies ranking — open any of them side by side.
Indicators over time
Population
PeopleSource: World Bank · 2001–2025
Iceland population changed from 284,968 in 2001 to 392,404 in 2025.
Inflation
Annual %Source: World Bank · 2001–2025
Iceland inflation changed from 6.41% in 2001 to 4.09% in 2025.
About Iceland
Iceland is ranked #107 among the economies tracked by Open Market Rank based on nominal GDP. Its latest available GDP is $38.6B, representing 0.03% of tracked global GDP. Real GDP changed by 1.28% in 2025.
GDP measures economic output during a year. It is different from national wealth, which estimates the value of accumulated assets.
Data & sources
Source: World Bank. The reporting date of a data point is different from the time Open Market Rank refreshed this page. Economic indicators are published on their own schedules, while market prices and exchange rates may update much more frequently.
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