GDP per Capita: Iceland

Analysis# Iceland GDP per Capita Iceland's GDP per capita reached $108,591 in 2026, matching its all-time peak and representing extraordinary growth since 1980, when it stood at just $11,857—a 618% increase over 46 years. The country has transformed from a modest Nordic economy into one of the world's highest per capita income nations, consistently ranking among the top earners globally. The trajectory reveals significant volatility: a sharp contraction in 2020 ($62,237) during the pandemic, followed by a powerful recovery beginning in 2021. The surge from 2024 onward—jumping from $86,664 to $108,591 in just two years—signals exceptional economic momentum. If this upward trend continues, Iceland appears positioned to sustain its position as one of the wealthiest nations per capita in coming years.