Iceland GDP Growth Rate
How much the economy grew or shrank compared with the previous three months, in real terms, with regular seasonal patterns removed.
−3.0%
Matches the latest releaseNot refreshed recently, awaiting the next release
Explore the full Iceland economy16 live indicators on one dashboard, from growth and prices to jobs, trade and public finances. Checked hourly against official sources.GDP Growth Rate
Q1 1995 to Q2 2026
Source: OECD quarterly national accounts (DF_QNA, T0102) · Statistics Iceland's real GDP, seasonally adjusted, change on the previous quarter, to one decimal place.
Iceland GDP Growth Rate in context
Worked out from the published series shown above.
In Iceland, the GDP growth rate fell by 3.3pp over the year to Q2 2026, from 0.3% in Q2 2025.
It is the lowest reading since Q3 2023.
Over the past five years it has ranged from −3.4% in Q3 2023 to 4.4% in Q4 2022.
Its average since Q1 1995 is 0.7%, and the latest reading is below that.
Iceland is 44th of 45 countries in our GDP Growth Rate by Country ranking.
How this series is defined
Everything you need to check the figure against the source.
- Source
- OECD
- Series
- quarterly
- Frequency
- Quarterly
- Unit
- %
- Seasonal adjustment
- Seasonally adjusted
- Latest observation
- Q2 2026
- Revision status
- Latest published estimate, subject to revision
Iceland's quarterly figures move a lot because the economy is small and lumpy.
Data refreshed 2026-10-16. Figures are the latest published observations and can be revised.
More Iceland indicators
Latest readings. Open any one for its full history.
Rankings
See every country we track, side by side.