Iceland's mixed economy, with a GDP of $35.38 billion, relies on tourism, fisheries, and aluminum. Growth is steady, with exports like fish and imports of petroleum. The 2008 financial crisis and inflation remain challenges. Recent tourism growth, alongside biotech and software diversification, drives recovery. Iceland leverages its renewable energy and natural attractions to boost economic stability, focusing on sustainable practices and innovation to maintain competitiveness while addressing fiscal deficits and environmental concerns.
World Bank GDP economic data: 2010-2024. Last updated Oct 2025.
Iceland GDP Statistics by Year
| Year | GDP Size (in billions $) |
| 2024 | 33 |
| 2023 | 31 |
| 2022 | 29 |
| 2021 | 26 |
| 2020 | 22 |
| 2019 | 25 |
| 2018 | 26 |
| 2017 | 25 |
| 2016 | 21 |
| 2015 | 18 |
| 2014 | 18 |
| 2013 | 16 |
| 2012 | 15 |
| 2011 | 15 |
| 2010 | 14 |