Annual simplified non-financial accounts by institutional sector in Iceland

Iceland: Annual simplified non-financial accounts by institutional sector was 2.43 million National currency in 2024. ◆ Volatile

Latest (2024)
2.43 million National currency
Change on year
up 6.6%
World rank
15th
of 33 countries
All-time high
2.43 million National currency
in 2024
All-time low
375,756 National currency
in 2000
Years of data
25
2000–2024

Annual simplified non-financial accounts by institutional sector in Iceland, 2000–2024

500.0k1.0M1.5M2.0M2.5M2000201220242000: 375.8k National currency2001: 417.2k National currency2002: 446.5k National currency2003: 473.8k National currency2004: 517.7k National currency2005: 575.0k National currency2006: 669.7k National currency2007: 758.0k National currency2008: 796.0k National currency2009: 740.7k National currency2010: 785.5k National currency2011: 858.9k National currency2012: 915.1k National currency2013: 995.5k National currency2014: 1.1M National currency2015: 1.2M National currency2016: 1.3M National currency2017: 1.4M National currency2018: 1.6M National currency2019: 1.6M National currency2020: 1.6M National currency2021: 1.7M National currency2022: 2.0M National currency2023: 2.3M National currency2024: 2.4M National currency

Source: Organisation for Economic Co-operation and Development. Measured in National currency.

Analysis

The most recent figure for annual simplified non-financial accounts by institutional sector in Iceland is 2.43 million National currency, measured in 2024. That is the highest value across all 25 years on record.

The figure is up 6.6% on the previous year and up 129.8% over ten years.

Over the whole period, annual simplified non-financial accounts by institutional sector in Iceland peaked at 2.43 million National currency in 2024 and was at its lowest, 375,756 National currency, in 2000.

That places Iceland 15th out of 33 countries with data for 2024, putting it in the middle of the range.

The series is highly variable year to year, so single readings are best treated with caution.

Annual simplified non-financial accounts by institutional sector in Iceland, year by year

Annual values for Annual simplified non-financial accounts by institutional sector (Revenue) — Compensation of employees in Iceland, 2000 to 2024.
Year National currency Change
2000 375,756 National currency
2001 417,241 National currency +11.0%
2002 446,508 National currency +7.0%
2003 473,808 National currency +6.1%
2004 517,662 National currency +9.3%
2005 575,023 National currency +11.1%
2006 669,679 National currency +16.5%
2007 757,974 National currency +13.2%
2008 795,998 National currency +5.0%
2009 740,738 National currency -6.9%
2010 785,462 National currency +6.0%
2011 858,856 National currency +9.3%
2012 915,056 National currency +6.5%
2013 995,488 National currency +8.8%
2014 1.06 million National currency +6.3%
2015 1.17 million National currency +10.9%
2016 1.30 million National currency +10.7%
2017 1.41 million National currency +8.4%
2018 1.57 million National currency +11.2%
2019 1.63 million National currency +4.0%
2020 1.59 million National currency -2.3%
2021 1.75 million National currency +9.9%
2022 2.02 million National currency +15.8%
2023 2.28 million National currency +12.7%
2024 2.43 million National currency +6.6%

Averages by decade

DecadeAverage LowestHighest Years
2000s 577,039 National currency 375,756 National currency 795,998 National currency 10
2010s 1.17 million National currency 785,462 National currency 1.63 million National currency 10
2020s 2.02 million National currency 1.59 million National currency 2.43 million National currency 5

Countries ranked near Iceland

  1. 12 South Africa 3.46 million National currency compare
  2. 13 Sweden 3.13 million National currency compare
  3. 14 Germany 2.48 million National currency compare
  4. 16 Canada 1.61 million National currency compare
  5. 17 Denmark 1.55 million National currency compare
  6. 18 France 1.54 million National currency compare

See the full ranking of 46 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is annual simplified non-financial accounts by institutional sector in Iceland?
Annual simplified non-financial accounts by institutional sector in Iceland was 2.43 million National currency in 2024, according to Organisation for Economic Co-operation and Development.
What is the highest annual simplified non-financial accounts by institutional sector recorded in Iceland?
The highest recorded value was 2.43 million National currency in 2024.
What is the lowest annual simplified non-financial accounts by institutional sector recorded in Iceland?
The lowest recorded value was 375,756 National currency in 2000.
How does Iceland rank for annual simplified non-financial accounts by institutional sector?
Iceland ranks 15th out of 33 countries with data for 2024.
Is annual simplified non-financial accounts by institutional sector rising or falling in Iceland?
Over the last ten years it is up 129.8%. The long-run trend across the full record is volatile.
Where does this Iceland data come from?
The figures come from Organisation for Economic Co-operation and Development, published as part of Annual simplified non-financial accounts by institutional sector (Revenue) — Compensation of employees. Statizoid updates them automatically from the source API.

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Annual simplified non-financial accounts by institutional sector in Iceland. Statizoid, drawing on Organisation for Economic Co-operation and Development. Retrieved 29 August 2026, from https://reference.statizoid.com/stat/annual-simplified-non-financial-accounts-by-institutional-sector-revenue-compensation-of/iceland/

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About this data

Indicator
Annual simplified non-financial accounts by institutional sector (Revenue) — Compensation of employees
Unit
National currency
Source
Organisation for Economic Co-operation and Development
Licence
OECD Terms and Conditions (attribution required)
Coverage
46 places, 1,499 data points, 1950–2025
Last refreshed

This table presents the Revenue (or Resources) lines, not including the balancing items, for a simplified sequence of non-financial accounts from the generation of income account to the capital account. This table is designed to be used in conjunction with the tables entitled ‘Annual simplified non-financial accounts by institutional sector (Expenditure) and ‘Annual simplified non-financial accounts by institutional sector (Balancing items)’. The data is presented for the economy of each country (or area) as a whole and also for Corporations (both non-financial and financial), General Government, and Households and non-profit institutions serving households (NPISHs). The presentation is on a country-by-country basis. Users are recommended to select one country (or area) at a time in the ‘Reference area’ filter. Alternatively, specific lines within the sequence can be selected using the ‘Transaction’ filter to compare an item for combinations of sectors, countries and time periods. These indicators were presented in the previous dissemination system in the SNA_TABLE13 dataset. See ANA Changes for information on changes in methodology: ANA Changes Explore also the GDP and non-financial accounts webpage: GDP and non-financial accounts webpage OECD statistics contact: STAT.Contact@oecd.org