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The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$ 12 billion, but by 2018 it had increased to a nominal GDP of US$ 27 billion. With a population of 387,000, this is $55,000 per capita , based on purchasing power parity (PPP) estimates. [ 18 ]
Gross domestic product (GDP) is the market value of all final goods and services from a nation in a given year. [2] Countries are sorted by nominal GDP estimates from financial and statistical institutions, which are calculated at market or government official exchange rates.
These figures have been taken from the International Monetary Fund's World Economic Outlook (WEO) Database (October 2024 edition) and/or other sources. [1] For older GDP trends, see List of regions by past GDP (PPP).
GDP per capita: $66,944.83. Iceland has seen a tourism boom since 2010, with the growth in annual visitor numbers registering in the double digits for much of the decade. However, more traditional ...
Nominal GDP sector composition, 2015 (in millions of 2005 USD): [5] [6] 2005 prices are used similarly to 2010 constant prices in which they provide economic statistics where inflation is accounted for.
Increased tourism, which accounts for about 6% of Iceland’s GDP, has meant a greater demand for workers and therefore, a greater need for housing. In January 2023, ...
Monaco has the highest GDP (nominal) per capita of any European state. Russia is the largest transcontinental European economy and will remain so until at least 2030. San Marino is Europe's smallest economy, and is also the third weakest growing economy in Europe. United Kingdom is the largest non-eurozone economy in Europe.
This article lists countries alphabetically, with total government expenditure as percentage of Gross domestic product (GDP) for the listed countries. Also stated is the government revenue and net lending/borrowing of the government as percentage of GDP. All Data is based on the World Economic Outlook Databook of the International Monetary Fund.