Iceland 2022
Detailed economic analysis and indicators for 2022
Key Economic Indicators (2022)
GDP (Current USD)
$28.77 billion
↑ 11.40% vs 2021GDP per Capita
$75,314.09
↑ 8.64% vs 2021GDP Growth (Annual %)
8.99%
↑ 3.74pp vs 2021Inflation Rate (CPI %)
8.31%
↑ 3.86pp vs 2021Year-over-Year Comparison
| Indicator | 2021 | 2022 | Change |
|---|---|---|---|
| GDP (Current USD) | $25.83 billion | $28.77 billion | +11.40% |
| GDP per Capita | $69,325.91 | $75,314.09 | +8.64% |
| GDP Growth (Annual %) | 5.25% | 8.99% | +3.74pp |
| Inflation (CPI %) | 4.44% | 8.31% | +3.86pp |
| Unemployment Rate (%) | 6.03% | 3.79% | -2.24pp |
All Economic Indicators (2022)
National Accounts
- GDP (Current USD)
- $28.77 billion
- GDP per Capita
- $75,314.09
- GDP Growth (Annual %)
- 8.99%
- Gross National Income
- $28.52 billion
Prices & Employment
- Inflation (CPI %)
- 8.31%
- Inflation (GDP Deflator %)
- 8.89%
- Unemployment Rate (%)
- 3.79%
- Interest Rate (Real %)
- -1.18%
Trade & Investment
- Exports (Goods & Services)
- N/A
- Imports (Goods & Services)
- N/A
- FDI Inflow
- N/A
- FDI Outflow
- N/A
Balance & Debt
- Current Account Balance (% GDP)
- -2.43%
- Government Debt (% GDP)
- N/A
- Data Last Updated
- 2025-10-23
Frequently Asked Questions
As of 2022, Iceland's Gross Domestic Product (GDP) is $28.77 billion. This represents the total value of goods and services produced in the country.
The GDP per capita in Iceland for 2022 is $75,314.09. GDP per capita is calculated by dividing the country's GDP by its population.
The Consumer Price Index (CPI) inflation rate in Iceland for 2022 is 8.31%. This measures the annual percentage change in the cost of consumer goods and services.
Iceland's annual GDP growth rate for 2022 is 8.99%. This indicates the rate at which the country's economy is expanding or contracting.
The unemployment rate in Iceland for 2022 is 3.79%. This represents the percentage of the labor force that is unemployed and actively seeking employment.