Annual change in GDP and CO₂ emissions in Iceland
Iceland: Annual change in GDP and CO₂ emissions was 1.3% in 2025. ◆ Volatile
Annual change in GDP and CO₂ emissions in Iceland, 1961–2025
Source: National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data. Measured in annual %.
Analysis
The most recent figure for annual change in gdp and co₂ emissions in Iceland is 1.3%, measured in 2025.
Compared with earlier readings it is up 199.7% on the previous year and down 66.0% over ten years.
Over the whole period, annual change in gdp and co₂ emissions in Iceland peaked at 13.1% in 1971 and was at its lowest, -8.3%, in 2009.
Iceland ranks 165th of 212 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual change in GDP and CO₂ emissions in Iceland, year by year
| Year | annual % | Change |
|---|---|---|
| 1961 | -0.1% | — |
| 1962 | 8.3% | -11308.3% |
| 1963 | 10.3% | +23.6% |
| 1964 | 9.9% | -3.9% |
| 1965 | 7.3% | -26.2% |
| 1966 | 8.8% | +19.9% |
| 1967 | -1.3% | -114.4% |
| 1968 | -5.5% | +336.3% |
| 1969 | 2.4% | -143.5% |
| 1970 | 7.5% | +212.1% |
| 1971 | 13.1% | +75.1% |
| 1972 | 6.2% | -52.7% |
| 1973 | 6.8% | +10.2% |
| 1974 | 5.7% | -16.2% |
| 1975 | 0.6% | -88.7% |
| 1976 | 6.0% | +822.3% |
| 1977 | 8.8% | +48.0% |
| 1978 | 6.0% | -31.8% |
| 1979 | 4.9% | -19.2% |
| 1980 | 5.7% | +18.3% |
| 1981 | 4.3% | -25.8% |
| 1982 | 2.2% | -49.5% |
| 1983 | -2.2% | -199.8% |
| 1984 | 4.1% | -291.9% |
| 1985 | 3.3% | -20.3% |
| 1986 | 6.3% | +90.4% |
| 1987 | 8.5% | +36.3% |
| 1988 | -0.1% | -101.0% |
| 1989 | 0.3% | -388.0% |
| 1990 | 1.2% | +352.5% |
| 1991 | -0.2% | -119.1% |
| 1992 | -3.4% | +1409.4% |
| 1993 | 1.3% | -138.9% |
| 1994 | 3.6% | +174.8% |
| 1995 | 0.1% | -96.8% |
| 1996 | 4.5% | +3757.9% |
| 1997 | 4.1% | -7.9% |
| 1998 | 7.0% | +69.3% |
| 1999 | 3.9% | -44.4% |
| 2000 | 4.9% | +25.8% |
| 2001 | 3.8% | -21.7% |
| 2002 | 0.5% | -85.9% |
| 2003 | 2.3% | +320.7% |
| 2004 | 7.6% | +234.1% |
| 2005 | 7.0% | -7.8% |
| 2006 | 5.7% | -19.3% |
| 2007 | 8.7% | +54.1% |
| 2008 | 1.7% | -80.6% |
| 2009 | -8.3% | -589.6% |
| 2010 | -2.2% | -73.3% |
| 2011 | 1.4% | -162.1% |
| 2012 | 1.2% | -15.3% |
| 2013 | 3.6% | +207.6% |
| 2014 | 1.9% | -46.8% |
| 2015 | 3.8% | +96.9% |
| 2016 | 6.2% | +65.0% |
| 2017 | 3.5% | -44.0% |
| 2018 | 4.7% | +33.7% |
| 2019 | 1.1% | -75.6% |
| 2020 | -6.6% | -683.9% |
| 2021 | 5.2% | -178.0% |
| 2022 | 8.9% | +71.0% |
| 2023 | 5.0% | -43.2% |
| 2024 | -1.3% | -125.5% |
| 2025 | 1.3% | -199.7% |
Iceland compared with similar countries
- Iceland's 1.3% is below the median for high income countries, which is 2.1%, 60% of the median. (83 countries reporting)
- Iceland's 1.3% is below the median for Europe & Central Asia, which is 1.9%, 69% of the median. (55 countries reporting)
Biggest year-on-year movements
Years where Annual change in GDP and CO₂ emissions in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1962 | +11308.3% | -0.1% | 8.3% |
| 1996 | +3757.9% | 0.1% | 4.5% |
| 1992 | -1409.4% | -0.2% | -3.4% |
| 1976 | +822.3% | 0.6% | 6.0% |
| 2020 | -683.9% | 1.1% | -6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 4.5% | -5.5% | 10.3% | 9 |
| 1970s | 6.6% | 0.6% | 13.1% | 10 |
| 1980s | 3.2% | -2.2% | 8.5% | 10 |
| 1990s | 2.2% | -3.4% | 7.0% | 10 |
| 2000s | 3.4% | -8.3% | 8.7% | 10 |
| 2010s | 2.5% | -2.2% | 6.2% | 10 |
| 2020s | 2.1% | -6.6% | 8.9% | 6 |
Countries ranked near Iceland
- 162 Australia 1.4% compare
- 163 Switzerland 1.3% compare
- 164 Belarus 1.3% compare
- 166 Japan 1.2% compare
- 167 French Polynesia 1.1% compare
- 168 South Africa 1.1% compare
More climate change data for Iceland
- Nutrient nitrogen N (total) — Synthetic fertilizers (Agricultural) 16.80 million kg (2050)
- Emissions from livestock — Emissions (CO2eq) 462.45 kt (2050)
- Emissions from livestock — Emissions (CO2eq) from N2O 110.24 kt (2050)
- Emissions from livestock — Emissions (CO2eq) from CH4 352.21 kt (2050)
- Emissions from livestock — Emissions 0.416 kt (2050)
- Emissions from livestock — Emissions 12.58 kt (2050)
- Emissions from crops — Emissions (CO2eq) 92.86 kt (2050)
- Emissions from crops — Emissions (CO2eq) from N2O 92.86 kt (2050)
- Emissions from crops — Emissions 0.3504 kt (2050)
- Synthetic Fertilizers — Emissions (CO2eq) 92.72 kt (2050)
Frequently asked questions
- What is annual change in gdp and co₂ emissions in Iceland?
- Annual change in gdp and co₂ emissions in Iceland was 1.3% in 2025, according to National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data.
- What is the highest annual change in gdp and co₂ emissions recorded in Iceland?
- The highest recorded value was 13.1% in 1971.
- What is the lowest annual change in gdp and co₂ emissions recorded in Iceland?
- The lowest recorded value was -8.3% in 2009.
- How does Iceland rank for annual change in gdp and co₂ emissions?
- Iceland ranks 165th out of 212 countries with data for 2025.
- Is annual change in gdp and co₂ emissions rising or falling in Iceland?
- Over the last ten years it is down 66.0%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from National statistical organizations and central banks, OECD national accounts, and World Bank staff estimates (2026) – processed by Our World in Data, published as part of Annual change in GDP and CO₂ emissions. Statizoid updates them automatically from the source API.
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About this data
Percentage change in gross domestic product (GDP) and carbon dioxide (CO₂) emissions.