GERD by sector of performance and type of expenditure in Iceland

Iceland: GERD by sector of performance and type of expenditure was 757.42 in 2024. ◆ Volatile

Latest (2024)
757.42
Change on year
down 1.4%
World rank
33rd
of 39 countries
All-time high
768.07
in 2023
All-time low
19.95
in 1981
Years of data
38
1981–2024

GERD by sector of performance and type of expenditure in Iceland, 1981–2024

02004006008001981200220241981: 19.91983: 211984: 261985: 28.31986: 28.71987: 35.71989: 50.11990: 48.81991: 63.31992: 71.11993: 69.41994: 72.81995: 82.21997: 1201998: 147.71999: 188.22000: 251.42001: 260.62002: 279.62003: 273.72005: 363.62006: 398.42007: 400.92008: 272.32009: 244.62011: 262.82013: 205.32014: 260.92015: 344.62016: 396.82017: 456.72018: 444.92019: 515.92020: 471.12021: 606.32022: 709.82023: 768.12024: 757.4

Source: Eurostat.

Analysis

Iceland recorded 757.42 for gerd by sector of performance and type of expenditure in 2024.

Compared with earlier readings it is down 1.4% on the previous year and up 190.4% over ten years.

Over the whole period, gerd by sector of performance and type of expenditure in Iceland peaked at 768.07 in 2023 and was at its lowest, 19.95, in 1981.

Iceland ranks 33rd of 39 countries on this measure, in the bottom quarter.

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

GERD by sector of performance and type of expenditure in Iceland, year by year

Annual values for GERD by sector of performance and type of expenditure in Iceland, 1981 to 2024.
Year Value Change
1981 19.95
1983 21.02 +5.3%
1984 26.01 +23.8%
1985 28.29 +8.8%
1986 28.72 +1.5%
1987 35.72 +24.4%
1989 50.12 +40.3%
1990 48.81 -2.6%
1991 63.28 +29.6%
1992 71.12 +12.4%
1993 69.37 -2.5%
1994 72.76 +4.9%
1995 82.16 +12.9%
1997 119.97 +46.0%
1998 147.71 +23.1%
1999 188.15 +27.4%
2000 251.45 +33.6%
2001 260.62 +3.7%
2002 279.61 +7.3%
2003 273.75 -2.1%
2005 363.58 +32.8%
2006 398.42 +9.6%
2007 400.9 +0.6%
2008 272.34 -32.1%
2009 244.63 -10.2%
2011 262.82 +7.4%
2013 205.34 -21.9%
2014 260.85 +27.0%
2015 344.55 +32.1%
2016 396.79 +15.2%
2017 456.69 +15.1%
2018 444.94 -2.6%
2019 515.85 +15.9%
2020 471.12 -8.7%
2021 606.28 +28.7%
2022 709.84 +17.1%
2023 768.07 +8.2%
2024 757.42 -1.4%

Averages by decade

DecadeAverage LowestHighest Years
1980s 29.98 19.95 50.12 7
1990s 95.93 48.81 188.15 9
2000s 305.03 244.63 400.9 9
2010s 360.98 205.34 515.85 8
2020s 662.55 471.12 768.07 5

Countries ranked near Iceland

  1. 30 Bulgaria 804.86 compare
  2. 31 Estonia 791.06 compare
  3. 32 Serbia 773.63 compare
  4. 34 Latvia 372.64 compare
  5. 35 Cyprus 224.9 compare
  6. 36 Malta 125.71 compare

See the full ranking of 44 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is gerd by sector of performance and type of expenditure in Iceland?
Gerd by sector of performance and type of expenditure in Iceland was 757.42 in 2024, according to Eurostat.
What is the highest gerd by sector of performance and type of expenditure recorded in Iceland?
The highest recorded value was 768.07 in 2023.
What is the lowest gerd by sector of performance and type of expenditure recorded in Iceland?
The lowest recorded value was 19.95 in 1981.
How does Iceland rank for gerd by sector of performance and type of expenditure?
Iceland ranks 33rd out of 39 countries with data for 2024.
Is gerd by sector of performance and type of expenditure rising or falling in Iceland?
Over the last ten years it is up 190.4%. The long-run trend across the full record is volatile.
Where does this Iceland data come from?
The figures come from Eurostat, published as part of GERD by sector of performance and type of expenditure. Statizoid updates them automatically from the source API.

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GERD by sector of performance and type of expenditure in Iceland. Statizoid, drawing on Eurostat. Retrieved 22 August 2026, from https://reference.statizoid.com/stat/gerd-by-sector-of-performance-and-type-of-expenditure/iceland/

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About this data

Indicator
GERD by sector of performance and type of expenditure
Source
Eurostat
Licence
CC BY 4.0 (Eurostat)
Coverage
44 places, 1,440 data points, 1980–2024
Last refreshed