Makrognosis

Iceland GDP (Gross Domestic Product)

QuarterlyNominalCode IS.GDP.Q.NOM

Latest (y/y)4.5%Q2 2026
Previous (y/y)12.2%Q1 2026
Level1,288,927 Current prices, million national currencyQ2 2026

Iceland GDP (Gross Domestic Product) was up 4.5% year on year in Q2 2026, compared with 12.2% in Q1 2026.

The level stood at 1,288,927 Current prices, million national currency.

That is the lowest reading since Q3 2024.

Among the 60 economies Makrognosis covers on this measure, it is the 22nd highest.

Over the past ten years it has ranged from −7.5% (Q2 2020) to 20.1% (Q1 2022), averaging 8.0%.

Iceland GDP (Gross Domestic Product), annual % change, Q3 2007 – Q2 2026−10%0%10%20%2010201520202025Robomacro
Iceland GDP (Gross Domestic Product), annual % change, Q3 2007 – Q2 2026. Source: Eurostat (Statistical Office of the European Union).
Iceland GDP (Gross Domestic Product), level (Current prices, million national currency)250k500k750k1.00M1.25M2010201520202025Robomacro
Iceland GDP (Gross Domestic Product), level (Current prices, million national currency).

Showing the full history (downsampled for display). Open the interactive chart to zoom and switch transforms.

Recent data

PeriodValueY/Y %
Q2 20261,288,927 Current prices, million national currency4.5
Q1 20261,340,860 Current prices, million national currency12.2
Q4 20251,260,446 Current prices, million national currency6.9
Q3 20251,252,115 Current prices, million national currency10.0
Q2 20251,233,867 Current prices, million national currency7.6
Q1 20251,194,784 Current prices, million national currency7.3
Q4 20241,178,850 Current prices, million national currency7.3
Q3 20241,137,977 Current prices, million national currency4.4
Q2 20241,146,493 Current prices, million national currency4.7
Q1 20241,113,309 Current prices, million national currency2.8
Q4 20231,099,149 Current prices, million national currency5.5
Q3 20231,089,518 Current prices, million national currency8.1
Q2 20231,095,253 Current prices, million national currency12.6
Q1 20231,083,281 Current prices, million national currency17.2
Q4 20221,042,007 Current prices, million national currency17.3
Q3 20221,007,765 Current prices, million national currency17.0
Q2 2022972,523 Current prices, million national currency19.8
Q1 2022924,663 Current prices, million national currency20.1
Q4 2021888,428 Current prices, million national currency14.6
Q3 2021861,028 Current prices, million national currency15.2
Q2 2021811,865 Current prices, million national currency14.2
Q1 2021770,216 Current prices, million national currency2.7
Q4 2020775,467 Current prices, million national currency−1.6
Q3 2020747,517 Current prices, million national currency−2.6

Last 24 observations. The full history (80 observations) is available through the API.

Get Iceland GDP (Gross Domestic Product) in your code or spreadsheet

One guessable code, agency-direct, updated on release. Free tier available.

curl -H "X-API-Key: $MAKROGNOSIS_KEY" \
  "https://makrognosis.robomacro.com/v1/series/IS.GDP.Q.NOM"

# Python
import requests
r = requests.get("https://makrognosis.robomacro.com/v1/series/IS.GDP.Q.NOM",
                 headers={"X-API-Key": KEY})
obs = r.json()["observations"]
Get a free API key → · API docs

About this series

Latest observationQ2 2026
First observationQ3 2006
Observations80
FrequencyQuarterly
UnitsCurrent prices, million national currency
AdjustmentNominal
10-year high20.1% (Q1 2022)
10-year low−7.5% (Q2 2020)
10-year average8.0%
Source agencyEurostat (Statistical Office of the European Union)
Makrognosis codeIS.GDP.Q.NOM

GDP (Gross Domestic Product): how Iceland compares

#EconomyPeriodLatest
1TaiwanQ2 202612.9%
2KosovoQ1 20269.7%
3LithuaniaQ3 20269.3%
4SloveniaQ2 20268.4%
5North MacedoniaQ2 20268.3%
17SingaporeQ2 20265.9%
18BrazilQ3 20265.7%
19DenmarkQ2 20265.6%
20IndonesiaQ3 20265.5%
21SlovakiaQ2 20265.3%
22IcelandQ2 20264.5%
23Hong KongQ2 20264.3%
24PolandQ2 20264.0%
25SerbiaQ2 20263.8%
26IrelandQ3 20263.7%
27ColombiaQ2 20263.5%
28South KoreaQ3 20263.4%

GDP (Gross Domestic Product) by country: all 60 economies ranked →

Other Iceland indicators

Iceland Inflation Rate (CPI)Iceland Core Inflation RateIceland Unemployment RateIceland GDP implicit deflator, 2010=100, seasonally and calendar adjustedIceland General government interest expenditure, EUR mnIceland General government total revenue, EUR mnIceland Population, 1 JanuaryIceland Youth unemployment rate (under 25), % of labour force, SA

FAQ

What is the current gDP (Gross Domestic Product) in Iceland?
The latest reading is 4.5% year on year for Q2 2026, published by Eurostat (Statistical Office of the European Union).
Where does this data come from?
It is collected directly from Eurostat (Statistical Office of the European Union) and is available through the Makrognosis API under the code IS.GDP.Q.NOM.

Last updated 2026-10-30. Source: Eurostat (Statistical Office of the European Union). Original title: “Iceland GDP at current prices, SA (Eurostat namq_10_gdp)”.