Revenue, excluding grants (current LCU), per unit of GDP in Iceland
Iceland: Revenue, excluding grants (current LCU), per unit of GDP was 43.38 current LCU per US$ of GDP in 2023. ◆ Volatile
Revenue, excluding grants (current LCU), per unit of GDP in Iceland, 1972–2023
Source: Statizoid (derived). Measured in current LCU per US$ of GDP.
Analysis
In 2023, revenue, excluding grants (current lcu), per unit of gdp in Iceland stood at 43.38 current LCU per US$ of GDP.
That represents a change of up 4.6% on the previous year and up 6.3% over ten years.
Over the whole period, revenue, excluding grants (current lcu), per unit of gdp in Iceland peaked at 57.15 current LCU per US$ of GDP in 2016 and was at its lowest, 0.2226 current LCU per US$ of GDP, in 1972.
Iceland ranks 39th of 157 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Revenue, excluding grants (current LCU), per unit of GDP in Iceland, year by year
| Year | current LCU per US$ of GDP | Change |
|---|---|---|
| 1972 | 0.2226 current LCU per US$ of GDP | — |
| 1973 | 0.2275 current LCU per US$ of GDP | +2.2% |
| 1974 | 0.2604 current LCU per US$ of GDP | +14.5% |
| 1975 | 0.3966 current LCU per US$ of GDP | +52.3% |
| 1976 | 0.4413 current LCU per US$ of GDP | +11.3% |
| 1977 | 0.4669 current LCU per US$ of GDP | +5.8% |
| 1978 | 0.6602 current LCU per US$ of GDP | +41.4% |
| 1979 | 0.8891 current LCU per US$ of GDP | +34.7% |
| 1980 | 1.17 current LCU per US$ of GDP | +31.4% |
| 1981 | 1.83 current LCU per US$ of GDP | +56.8% |
| 1982 | 3.24 current LCU per US$ of GDP | +77.0% |
| 1983 | 6.11 current LCU per US$ of GDP | +88.5% |
| 1984 | 7.97 current LCU per US$ of GDP | +30.4% |
| 1985 | 10.11 current LCU per US$ of GDP | +26.9% |
| 1986 | 10.09 current LCU per US$ of GDP | -0.2% |
| 1987 | 9.42 current LCU per US$ of GDP | -6.6% |
| 1988 | 11.26 current LCU per US$ of GDP | +19.5% |
| 1989 | 15.72 current LCU per US$ of GDP | +39.6% |
| 1990 | 15.99 current LCU per US$ of GDP | +1.7% |
| 1991 | 16.3 current LCU per US$ of GDP | +2.0% |
| 1992 | 16.54 current LCU per US$ of GDP | +1.4% |
| 1993 | 18.89 current LCU per US$ of GDP | +14.2% |
| 1994 | 19.48 current LCU per US$ of GDP | +3.1% |
| 1995 | 18.32 current LCU per US$ of GDP | -5.9% |
| 1996 | 19.51 current LCU per US$ of GDP | +6.5% |
| 1997 | 19.95 current LCU per US$ of GDP | +2.3% |
| 1998 | 21.47 current LCU per US$ of GDP | +7.6% |
| 1999 | 23.49 current LCU per US$ of GDP | +9.5% |
| 2000 | 24.92 current LCU per US$ of GDP | +6.1% |
| 2001 | 28.89 current LCU per US$ of GDP | +15.9% |
| 2002 | 26.79 current LCU per US$ of GDP | -7.3% |
| 2003 | 23.1 current LCU per US$ of GDP | -13.8% |
| 2004 | 21.9 current LCU per US$ of GDP | -5.2% |
| 2005 | 23.86 current LCU per US$ of GDP | +9.0% |
| 2006 | 27.12 current LCU per US$ of GDP | +13.7% |
| 2007 | 24.09 current LCU per US$ of GDP | -11.2% |
| 2008 | 35 current LCU per US$ of GDP | +45.3% |
| 2009 | 42.36 current LCU per US$ of GDP | +21.0% |
| 2010 | 38.46 current LCU per US$ of GDP | -9.2% |
| 2011 | 37.99 current LCU per US$ of GDP | -1.2% |
| 2012 | 42.12 current LCU per US$ of GDP | +10.9% |
| 2013 | 40.81 current LCU per US$ of GDP | -3.1% |
| 2014 | 40.69 current LCU per US$ of GDP | -0.3% |
| 2015 | 42.25 current LCU per US$ of GDP | +3.8% |
| 2016 | 57.15 current LCU per US$ of GDP | +35.3% |
| 2017 | 35.62 current LCU per US$ of GDP | -37.7% |
| 2018 | 35.2 current LCU per US$ of GDP | -1.2% |
| 2019 | 36.86 current LCU per US$ of GDP | +4.7% |
| 2020 | 39.17 current LCU per US$ of GDP | +6.3% |
| 2021 | 36.04 current LCU per US$ of GDP | -8.0% |
| 2022 | 41.47 current LCU per US$ of GDP | +15.1% |
| 2023 | 43.38 current LCU per US$ of GDP | +4.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.4456 current LCU per US$ of GDP | 0.2226 current LCU per US$ of GDP | 0.8891 current LCU per US$ of GDP | 8 |
| 1980s | 7.69 current LCU per US$ of GDP | 1.17 current LCU per US$ of GDP | 15.72 current LCU per US$ of GDP | 10 |
| 1990s | 18.99 current LCU per US$ of GDP | 15.99 current LCU per US$ of GDP | 23.49 current LCU per US$ of GDP | 10 |
| 2000s | 27.8 current LCU per US$ of GDP | 21.9 current LCU per US$ of GDP | 42.36 current LCU per US$ of GDP | 10 |
| 2010s | 40.71 current LCU per US$ of GDP | 35.2 current LCU per US$ of GDP | 57.15 current LCU per US$ of GDP | 10 |
| 2020s | 40.02 current LCU per US$ of GDP | 36.04 current LCU per US$ of GDP | 43.38 current LCU per US$ of GDP | 4 |
Countries ranked near Iceland
- 36 Mali 72.88 current LCU per US$ of GDP compare
- 37 Guinea-Bissau 62.12 current LCU per US$ of GDP compare
- 38 Central African Republic 51.04 current LCU per US$ of GDP compare
- 40 Serbia 43.16 current LCU per US$ of GDP compare
- 41 Jamaica 38.36 current LCU per US$ of GDP compare
- 42 Sri Lanka 36.26 current LCU per US$ of GDP compare
More public sector data for Iceland
- Military expenditure (current USD), per capita 0 current USD per person (2024)
- Military expenditure (current USD), per unit of GDP 0 current USD per US$ of GDP (2024)
- Military expenditure (current USD), gaps filled 0 current USD (2024)
- Military expenditure (current USD), per square kilometre 0 current USD per square kilometre (2023)
- Tax revenue 23.2% (2023)
- Capital stock, General government, Current prices, Domestic currency 1,595 (2019)
- Taxes on income, profits and capital gains 34.6% (2023)
- Capital stock, General government, Constant prices, Percent of GDP 51.25 (2019)
- Capital stock, General government, Constant prices, Purchasing power 10.26 (2019)
- Taxes on goods and services 35.2% (2023)
Frequently asked questions
- What is revenue, excluding grants (current lcu), per unit of gdp in Iceland?
- Revenue, excluding grants (current lcu), per unit of gdp in Iceland was 43.38 current LCU per US$ of GDP in 2023, according to Statizoid (derived).
- What is the highest revenue, excluding grants (current lcu), per unit of gdp recorded in Iceland?
- The highest recorded value was 57.15 current LCU per US$ of GDP in 2016.
- What is the lowest revenue, excluding grants (current lcu), per unit of gdp recorded in Iceland?
- The lowest recorded value was 0.2226 current LCU per US$ of GDP in 1972.
- How does Iceland rank for revenue, excluding grants (current lcu), per unit of gdp?
- Iceland ranks 39th out of 157 countries with data for 2023.
- Is revenue, excluding grants (current lcu), per unit of gdp rising or falling in Iceland?
- Over the last ten years it is up 6.3%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Statizoid (derived), published as part of Revenue, excluding grants (current LCU), per unit of GDP. Statizoid updates them automatically from the source API.
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How this figure is calculated
Revenue, excluding grants (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.
Revenue, excluding grants (current LCU) ÷ GDP (current US$)
Computed from
- Revenue, excluding grants Government Finance Statistics Yearbook and data files, International Monetary Fund (IMF)
- GDP Country official statistics, National Statistical Organizations and/or Central Banks
Statizoid computes this series; the underlying measurements belong to the publishers named above. The arithmetic is applied to every country and year where both inputs report, and nothing is estimated unless the page says so.
About this data
Revenue, excluding grants (current LCU) divided by GDP (current US$), matched on country and year. Neither publisher issues this ratio as a series; it is computed here from both.