Growth rate of real gdp per employed person in Iceland
Iceland: Growth rate of real gdp per employed person was 0.22 in 2025. ◆ Volatile
Latest (2025)
0.22
Change on year
up 106.8%
World rank
152nd
of 187 countries
All-time high
7.76
in 2004
All-time low
-3.68
in 2020
Years of data
26
2000–2025
Growth rate of real gdp per employed person in Iceland, 2000–2025
Source: Our World in Data.
Analysis
The most recent figure for growth rate of real gdp per employed person in Iceland is 0.22, measured in 2025.
Compared with earlier readings it is up 106.8% on the previous year and down 80.0% over ten years.
Over the whole period, growth rate of real gdp per employed person in Iceland peaked at 7.76 in 2004 and was at its lowest, -3.68, in 2020.
That places Iceland 152nd out of 187 countries with data for 2025, putting it in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Growth rate of real gdp per employed person in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2000 | 1.04 | — |
| 2001 | 2.54 | +144.2% |
| 2002 | 1.99 | -21.7% |
| 2003 | 1.51 | -24.1% |
| 2004 | 7.76 | +413.9% |
| 2005 | 3.1 | -60.1% |
| 2006 | 1.9 | -38.7% |
| 2007 | 4.18 | +120.0% |
| 2008 | 1.75 | -58.1% |
| 2009 | -1.69 | -196.6% |
| 2010 | -2.11 | +24.9% |
| 2011 | 1.5 | -171.1% |
| 2012 | -0.86 | -157.3% |
| 2013 | 1.89 | -319.8% |
| 2014 | -1.54 | -181.5% |
| 2015 | 1.1 | -171.4% |
| 2016 | 2.38 | +116.4% |
| 2017 | 1.8 | -24.4% |
| 2018 | 2.83 | +57.2% |
| 2019 | 0.47 | -83.4% |
| 2020 | -3.68 | -883.0% |
| 2021 | 4.15 | -212.8% |
| 2022 | 2.35 | -43.4% |
| 2023 | 2.15 | -8.5% |
| 2024 | -3.23 | -250.2% |
| 2025 | 0.22 | -106.8% |
Iceland compared with similar countries
- Iceland's 0.22 is below the median for high income countries, which is 1.52, 14% of the median. (62 countries reporting)
- Iceland's 0.22 is below the median for Europe & Central Asia, which is 2.21, 10% of the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 2.41 | -1.69 | 7.76 | 10 |
| 2010s | 0.746 | -2.11 | 2.83 | 10 |
| 2020s | 0.3267 | -3.68 | 4.15 | 6 |
Countries ranked near Iceland
More work & labour data for Iceland
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.4964 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.4501 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.5492 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.37 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.2312 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 373.77 1000 No (2050)
- Population - Est. & Proj. — Rural population 16.3 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 169.5 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 193.08 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 362.58 1000 No (2100)
Frequently asked questions
- What is growth rate of real gdp per employed person in Iceland?
- Growth rate of real gdp per employed person in Iceland was 0.22 in 2025, according to Our World in Data.
- What is the highest growth rate of real gdp per employed person recorded in Iceland?
- The highest recorded value was 7.76 in 2004.
- What is the lowest growth rate of real gdp per employed person recorded in Iceland?
- The lowest recorded value was -3.68 in 2020.
- How does Iceland rank for growth rate of real gdp per employed person?
- Iceland ranks 152nd out of 187 countries with data for 2025.
- Is growth rate of real gdp per employed person rising or falling in Iceland?
- Over the last ten years it is down 80.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Growth rate of real gdp per employed person. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (Our World in Data).