| Source | World Bank : Nominal (current), Nominal (constant), PPP (current), PPP (constant) |
| IMF World Economic Outlook (April - 2026) | |
| Date | 23 Sep 2026 |
According to the IMF World Economic Outlook (April 2026), Iceland's nominal GDP in 2026 is projected to be around $43.80 billion, about $5.22 billion more than the $38.58 billion recorded in 2025. Between 2020 and 2026, Iceland's nominal GDP increased by about $22.03 billion, rising from $21.77 billion in 2020 to $43.80 billion in 2026. This represents an increase of about 101.19% over the period.
| Year | GDP (billions of $/Int. $) | |
|---|---|---|
| Nominal | PPP | |
| 2025 | 38.583 | 31.413 |
| 2026 | 43.800 | 32.928 |
| 2027 | 45.968 | 34.358 |
| 2028 | 48.085 | 35.753 |
| 2029 | 50.330 | 37.266 |
| 2030 | 52.695 | 38.862 |
| 2031 | 55.162 | 40.503 |
| Year | GDP Nominal (billions of $) | GDP PPP (billions Int. $) | Share (%) to World | Rank/Total | ||||
|---|---|---|---|---|---|---|---|---|
| Current | Constant (2015) | Current | Constant (2021) | Nominal | PPP | Nominal | PPP | |
| 1960 | 0.26 | 2.50 | - | - | 0.0190 | - | 85/111 | - |
| 1961 | 0.27 | 2.50 | - | - | 0.0187 | - | 86/113 | - |
| 1962 | 0.30 | 2.70 | - | - | 0.0194 | - | 86/115 | - |
| 1963 | 0.36 | 2.98 | - | - | 0.0215 | - | 85/115 | - |
| 1964 | 0.46 | 3.27 | - | - | 0.0251 | - | 81/115 | - |
| 1965 | 0.55 | 3.51 | - | - | 0.0275 | - | 84/121 | - |
| 1966 | 0.66 | 3.82 | - | - | 0.0305 | - | 81/122 | - |
| 1967 | 0.65 | 3.77 | - | - | 0.0283 | - | 84/125 | - |
| 1968 | 0.50 | 3.57 | - | - | 0.0201 | - | 88/126 | - |
| 1969 | 0.44 | 3.65 | - | - | 0.0160 | - | 92/126 | - |
| 1970 | 0.55 | 3.92 | - | - | 0.0183 | - | 92/146 | - |
| 1971 | 0.69 | 4.44 | - | - | 0.0207 | - | 88/147 | - |
| 1972 | 0.87 | 4.71 | - | - | 0.0226 | - | 87/147 | - |
| 1973 | 1.19 | 5.03 | - | - | 0.0253 | - | 85/147 | - |
| 1974 | 1.57 | 5.32 | - | - | 0.0289 | - | 87/147 | - |
| 1975 | 1.46 | 5.35 | - | - | 0.0241 | - | 91/150 | - |
| 1976 | 1.73 | 5.67 | - | - | 0.0263 | - | 89/150 | - |
| 1977 | 2.29 | 6.17 | - | - | 0.0308 | - | 88/153 | - |
| 1978 | 2.60 | 6.54 | - | - | 0.0295 | - | 87/152 | - |
| 1979 | 2.95 | 6.86 | - | - | 0.0290 | - | 88/153 | - |
| 1980 | 3.50 | 7.25 | 2.84 | - | 0.0305 | 0.0215 | 96/170 | 102/144 |
| 1981 | 3.62 | 7.56 | 3.24 | - | 0.0305 | 0.0219 | 94/170 | 103/145 |
| 1982 | 3.32 | 7.73 | 3.52 | - | 0.0283 | 0.0223 | 96/171 | 103/145 |
| 1983 | 2.86 | 7.56 | 3.58 | - | 0.0238 | 0.0212 | 99/171 | 106/145 |
| 1984 | 2.96 | 7.87 | 3.86 | - | 0.0238 | 0.0212 | 99/172 | 103/145 |
| 1985 | 3.09 | 8.13 | 4.11 | - | 0.0237 | 0.0211 | 98/173 | 106/146 |
| 1986 | 4.13 | 8.64 | 4.46 | - | 0.0268 | 0.0217 | 90/173 | 106/147 |
| 1987 | 5.71 | 9.38 | 4.96 | - | 0.0326 | 0.0227 | 86/178 | 105/148 |
| 1988 | 6.32 | 9.37 | 5.13 | - | 0.0322 | 0.0217 | 84/179 | 108/148 |
| 1989 | 5.87 | 9.40 | 5.34 | - | 0.0287 | 0.0210 | 86/179 | 108/148 |
| 1990 | 6.69 | 9.51 | 5.80 | 10.98 | 0.0291 | 0.0195 | 92/194 | 132/186 |
| 1991 | 7.15 | 9.48 | 5.98 | 10.96 | 0.0298 | 0.0191 | 90/194 | 133/187 |
| 1992 | 7.33 | 9.16 | 5.91 | 10.59 | 0.0286 | 0.0181 | 89/196 | 135/188 |
| 1993 | 6.44 | 9.28 | 6.13 | 10.73 | 0.0247 | 0.0180 | 93/197 | 135/188 |
| 1994 | 6.61 | 9.62 | 6.49 | 11.11 | 0.0236 | 0.0181 | 92/198 | 135/189 |
| 1995 | 7.37 | 9.63 | 6.63 | 11.13 | 0.0235 | 0.0175 | 96/200 | 137/191 |
| 1996 | 7.69 | 10.06 | 6.90 | 11.63 | 0.0240 | 0.0172 | 95/200 | 139/191 |
| 1997 | 7.72 | 10.48 | 7.43 | 12.11 | 0.0242 | 0.0175 | 98/202 | 139/193 |
| 1998 | 8.64 | 11.22 | 8.00 | 12.96 | 0.0272 | 0.0182 | 94/203 | 139/193 |
| 1999 | 9.11 | 11.65 | 8.31 | 13.46 | 0.0277 | 0.0180 | 92/203 | 140/193 |
| 2000 | 9.14 | 12.22 | 8.48 | 14.12 | 0.0269 | 0.0171 | 93/206 | 141/197 |
| 2001 | 8.32 | 12.69 | 9.18 | 14.67 | 0.0247 | 0.0177 | 99/207 | 141/197 |
| 2002 | 9.42 | 12.76 | 9.47 | 14.75 | 0.0269 | 0.0174 | 97/211 | 143/198 |
| 2003 | 11.56 | 13.05 | 9.58 | 15.08 | 0.0294 | 0.0166 | 93/211 | 143/198 |
| 2004 | 13.96 | 14.05 | 10.51 | 16.23 | 0.0315 | 0.0169 | 90/211 | 144/199 |
| 2005 | 17.15 | 15.04 | 11.27 | 17.37 | 0.0358 | 0.0168 | 90/211 | 144/199 |
| 2006 | 17.67 | 15.89 | 12.20 | 18.36 | 0.0340 | 0.0166 | 97/212 | 144/200 |
| 2007 | 21.96 | 17.28 | 13.10 | 19.96 | 0.0375 | 0.0165 | 94/212 | 144/201 |
| 2008 | 18.25 | 17.57 | 14.01 | 20.30 | 0.0283 | 0.0166 | 108/212 | 145/203 |
| 2009 | 13.21 | 16.11 | 13.40 | 18.61 | 0.0216 | 0.0158 | 114/214 | 146/204 |
| 2010 | 13.92 | 15.75 | 12.80 | 18.20 | 0.0208 | 0.0141 | 120/214 | 148/204 |
| 2011 | 15.39 | 15.97 | 13.21 | 18.45 | 0.0207 | 0.0137 | 124/215 | 148/204 |
| 2012 | 14.94 | 16.16 | 13.65 | 18.67 | 0.0196 | 0.0134 | 125/213 | 149/203 |
| 2013 | 16.24 | 16.74 | 14.48 | 19.34 | 0.0208 | 0.0135 | 126/213 | 149/203 |
| 2014 | 18.05 | 17.06 | 15.21 | 19.71 | 0.0225 | 0.0137 | 121/214 | 149/203 |
| 2015 | 17.70 | 17.70 | 16.45 | 20.45 | 0.0233 | 0.0145 | 116/213 | 149/203 |
| 2016 | 21.08 | 18.80 | 18.19 | 21.72 | 0.0273 | 0.0154 | 110/213 | 150/203 |
| 2017 | 25.06 | 19.46 | 19.36 | 22.48 | 0.0305 | 0.0155 | 109/213 | 150/204 |
| 2018 | 26.68 | 20.36 | 20.50 | 23.53 | 0.0306 | 0.0154 | 106/213 | 150/204 |
| 2019 | 24.99 | 20.59 | 22.09 | 23.80 | 0.0281 | 0.0157 | 109/214 | 150/204 |
| 2020 | 22.03 | 19.23 | 20.83 | 22.21 | 0.0255 | 0.0148 | 112/213 | 151/204 |
| 2021 | 26.23 | 20.22 | 23.36 | 23.36 | 0.0266 | 0.0148 | 109/213 | 151/204 |
| 2022 | 29.18 | 22.01 | 29.26 | 25.43 | 0.0284 | 0.0166 | 108/212 | 150/204 |
| 2023 | 31.70 | 23.12 | 31.72 | 26.71 | 0.0295 | 0.0168 | 108/207 | 147/202 |
| 2024 | 33.19 | 22.82 | 32.30 | 26.37 | 0.0297 | 0.0162 | 109/207 | 147/202 |
| 2025 | 38.58 | 23.12 | 32.74 | 26.71 | 0.0326 | 0.0155 | 107/207 | 148/202 |