Gross Domestic Product (Eurostat) in Iceland

Eurostat · Quarterly · Importance

-3.0% (Q2-26) QOQ · % · Quarterly · CSV

Period	%
Apr 2026	-3.0%
Jan 2026	3.7%
Oct 2025	-0.9%
Jul 2025	0.7%
Apr 2025	0.3%
Jan 2025	2.3%
Oct 2024	-2.2%
Jul 2024	-0.7%
Apr 2024	2.0%
Jan 2024	-0.9%
Oct 2023	0.6%
Jul 2023	-3.4%
Apr 2023	2.5%
Jan 2023	0.0%
Oct 2022	4.4%
Jul 2022	1.7%
Apr 2022	3.2%
Jan 2022	-0.3%
Oct 2021	2.7%
Jul 2021	3.2%
Apr 2021	3.6%
Jan 2021	-3.5%
Oct 2020	4.6%
Jul 2020	4.4%
Apr 2020	-7.1%
Jan 2020	-6.4%
Oct 2019	4.2%
Jul 2019	-1.7%
Apr 2019	-1.2%
Jan 2019	0.6%
Oct 2018	1.4%
Jul 2018	0.5%
Apr 2018	0.0%
Jan 2018	0.7%
Oct 2017	3.1%
Jul 2017	0.7%
Apr 2017	2.4%
Jan 2017	-4.0%
Oct 2016	2.8%
Jul 2016	2.6%
Apr 2016	5.8%
Jan 2016	-1.6%
Oct 2015	-0.1%
Jul 2015	0.4%
Apr 2015	5.4%
Jan 2015	-1.2%
Oct 2014	-1.6%
Jul 2014	4.1%
Apr 2014	0.0%
Jan 2014	-2.0%
Oct 2013	1.9%
Jul 2013	1.5%
Apr 2013	0.8%
Jan 2013	0.1%
Oct 2012	0.3%
Jul 2012	1.7%
Apr 2012	2.1%
Jan 2012	-2.9%
Oct 2011	-0.1%
Jul 2011	1.7%

Period	%
Apr 2026	0.3%
Jan 2026	3.7%
Oct 2025	2.3%
Jul 2025	1.0%
Apr 2025	-0.3%
Jan 2025	1.4%
Oct 2024	-1.7%
Jul 2024	1.1%
Apr 2024	-1.7%
Jan 2024	-1.2%
Oct 2023	-0.4%
Jul 2023	3.3%
Apr 2023	8.8%
Jan 2023	9.5%
Oct 2022	9.2%
Jul 2022	7.5%
Apr 2022	9.1%
Jan 2022	9.6%
Oct 2021	6.1%
Jul 2021	8.0%
Apr 2021	9.2%
Jan 2021	-2.2%
Oct 2020	-5.1%
Jul 2020	-5.4%
Apr 2020	-10.9%
Jan 2020	-5.2%
Oct 2019	1.8%
Jul 2019	-1.0%
Apr 2019	1.3%
Jan 2019	2.5%
Oct 2018	2.6%
Jul 2018	4.4%
Apr 2018	4.6%
Jan 2018	7.1%
Oct 2017	2.1%
Jul 2017	1.7%
Apr 2017	3.6%
Jan 2017	6.9%
Oct 2016	9.7%
Jul 2016	6.7%
Apr 2016	4.4%
Jan 2016	4.0%
Oct 2015	4.4%
Jul 2015	2.9%
Apr 2015	6.7%
Jan 2015	1.1%
Oct 2014	0.3%
Jul 2014	3.9%
Apr 2014	1.3%
Jan 2014	2.2%
Oct 2013	4.4%
Jul 2013	2.7%
Apr 2013	3.0%
Jan 2013	4.3%
Oct 2012	1.1%
Jul 2012	0.8%
Apr 2012	0.8%
Jan 2012	2.0%
Oct 2011	1.1%
Jul 2011	3.7%

About this indicator

Source

Eurostat

Frequency

Quarterly

What it is

Gross Domestic Product measures the value of all goods and services produced in Iceland over a given period. Compiled by Statistics Iceland (Hagstofa Íslands), it is the broadest gauge of the size and pace of growth of the Icelandic economy.

How it's calculated

Statistics Iceland estimates GDP in volume terms (constant prices), aggregating the value added of all sectors from the expenditure and output sides. It is published as a quarter-on-quarter and year-on-year change.

Market implications

It is the main benchmark for the Icelandic cycle and a key input for the Central Bank of Iceland in setting rates. In an economy heavily exposed to tourism, fishing and aluminium, upside or downside surprises shift rate expectations and the króna.

Limitations

It is released with a lag and the first estimates are later revised, so they are not final. As a very small economy, the figures are volatile and highly sensitive to one-off factors such as the tourist season or large investment projects.