Iceland - GNI
GNI, Atlas method (current US$)
The latest value for GNI, Atlas method (current US$) in Iceland was $22,870,700,000 as of 2020. Over the past 58 years, the value for this indicator has fluctuated between $26,286,160,000 in 2019 and $280,481,100 in 1962.
Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars. GNI, calculated in national currency, is usually converted to U.S. dollars at official exchange rates for comparisons across economies, although an alternative rate is used when the official exchange rate is judged to diverge by an exceptionally large margin from the rate actually applied in international transactions. To smooth fluctuations in prices and exchange rates, a special Atlas method of conversion is used by the World Bank. This applies a conversion factor that averages the exchange rate for a given year and the two preceding years, adjusted for differences in rates of inflation between the country, and through 2000, the G-5 countries (France, Germany, Japan, the United Kingdom, and the United States). From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1962 | $280,481,100 |
| 1963 | $323,479,600 |
| 1964 | $387,567,600 |
| 1965 | $469,103,300 |
| 1966 | $581,826,200 |
| 1967 | $618,271,500 |
| 1968 | $562,064,200 |
| 1969 | $505,794,500 |
| 1997 | $7,721,591,000 |
| 1998 | $8,022,121,000 |
| 1999 | $8,432,198,000 |
| 2000 | $8,869,736,000 |
| 2001 | $8,749,899,000 |
| 2002 | $8,892,356,000 |
| 2003 | $9,761,098,000 |
| 2004 | $12,273,030,000 |
| 2005 | $14,990,680,000 |
| 2006 | $16,237,830,000 |
| 2007 | $19,278,810,000 |
| 2008 | $15,890,360,000 |
| 2009 | $13,331,240,000 |
| 2010 | $11,536,000,000 |
| 2011 | $11,996,830,000 |
| 2012 | $13,049,220,000 |
| 2013 | $15,205,110,000 |
| 2014 | $15,743,510,000 |
| 2015 | $16,521,360,000 |
| 2016 | $18,419,640,000 |
| 2017 | $20,683,020,000 |
| 2018 | $23,901,440,000 |
| 2019 | $26,286,160,000 |
| 2020 | $22,870,700,000 |
GNI (current US$)
The latest value for GNI (current US$) in Iceland was $21,074,090,000 as of 2020. Over the past 60 years, the value for this indicator has fluctuated between $24,925,640,000 in 2018 and $247,369,200 in 1960.
Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 1960 | $247,369,200 |
| 1961 | $253,042,700 |
| 1962 | $284,324,100 |
| 1963 | $339,690,200 |
| 1964 | $434,274,000 |
| 1965 | $522,726,000 |
| 1966 | $628,147,800 |
| 1967 | $619,640,400 |
| 1968 | $471,500,900 |
| 1969 | $411,314,300 |
| 1970 | $531,146,800 |
| 1971 | $677,138,800 |
| 1972 | $845,288,700 |
| 1973 | $1,163,027,000 |
| 1974 | $1,524,346,000 |
| 1975 | $1,400,775,000 |
| 1976 | $1,659,684,000 |
| 1977 | $2,204,487,000 |
| 1978 | $2,497,882,000 |
| 1979 | $2,835,666,000 |
| 1980 | $3,356,680,000 |
| 1981 | $3,443,579,000 |
| 1982 | $3,142,368,000 |
| 1983 | $2,689,586,000 |
| 1984 | $2,768,856,000 |
| 1985 | $2,901,158,000 |
| 1986 | $3,905,620,000 |
| 1987 | $5,460,930,000 |
| 1988 | $6,026,695,000 |
| 1989 | $5,540,939,000 |
| 1990 | $6,329,095,000 |
| 1991 | $6,810,186,000 |
| 1992 | $7,006,930,000 |
| 1993 | $6,142,371,000 |
| 1994 | $6,268,156,000 |
| 1995 | $7,008,396,000 |
| 1996 | $7,358,661,000 |
| 1997 | $7,452,590,000 |
| 1998 | $8,335,086,000 |
| 1999 | $8,806,023,000 |
| 2000 | $8,688,311,000 |
| 2001 | $7,957,743,000 |
| 2002 | $9,333,443,000 |
| 2003 | $11,338,320,000 |
| 2004 | $13,335,920,000 |
| 2005 | $16,018,100,000 |
| 2006 | $15,987,100,000 |
| 2007 | $20,256,380,000 |
| 2008 | $14,073,370,000 |
| 2009 | $10,553,990,000 |
| 2010 | $11,120,560,000 |
| 2011 | $12,847,570,000 |
| 2012 | $12,884,270,000 |
| 2013 | $15,287,500,000 |
| 2014 | $16,897,080,000 |
| 2015 | $16,543,800,000 |
| 2016 | $19,826,590,000 |
| 2017 | $23,965,940,000 |
| 2018 | $24,925,640,000 |
| 2019 | $24,634,230,000 |
| 2020 | $21,074,090,000 |
GNI (current LCU)
The value for GNI (current LCU) in Iceland was 2,853,890,000,000 as of 2020. As the graph below shows, over the past 60 years this indicator reached a maximum value of 3,020,320,000,000 in 2019 and a minimum value of 89,524,140 in 1960.
Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current local currency.
Source: World Bank national accounts data, and OECD National Accounts data files.
| Year | Value |
|---|---|
| 1960 | 89,524,140 |
| 1961 | 101,427,900 |
| 1962 | 122,259,400 |
| 1963 | 146,066,800 |
| 1964 | 186,737,800 |
| 1965 | 224,772,200 |
| 1966 | 270,103,600 |
| 1967 | 273,674,500 |
| 1968 | 293,116,400 |
| 1969 | 361,956,600 |
| 1970 | 467,409,200 |
| 1971 | 595,882,100 |
| 1972 | 746,051,800 |
| 1973 | 1,048,236,000 |
| 1974 | 1,523,584,000 |
| 1975 | 2,152,992,000 |
| 1976 | 3,023,447,000 |
| 1977 | 4,384,062,000 |
| 1978 | 6,772,008,000 |
| 1979 | 9,998,560,000 |
| 1980 | 16,104,010,000 |
| 1981 | 24,877,100,000 |
| 1982 | 38,812,960,000 |
| 1983 | 66,816,860,000 |
| 1984 | 87,755,290,000 |
| 1985 | 120,420,000,000 |
| 1986 | 160,537,000,000 |
| 1987 | 211,213,000,000 |
| 1988 | 259,232,000,000 |
| 1989 | 316,065,000,000 |
| 1990 | 368,884,000,000 |
| 1991 | 401,776,000,000 |
| 1992 | 403,220,000,000 |
| 1993 | 415,244,000,000 |
| 1994 | 438,422,000,000 |
| 1995 | 453,385,000,000 |
| 1996 | 489,351,000,000 |
| 1997 | 528,421,000,000 |
| 1998 | 591,443,000,000 |
| 1999 | 636,986,000,000 |
| 2000 | 683,040,000,000 |
| 2001 | 775,280,000,000 |
| 2002 | 855,519,000,000 |
| 2003 | 869,751,000,000 |
| 2004 | 936,071,000,000 |
| 2005 | 1,008,850,000,000 |
| 2006 | 1,121,970,000,000 |
| 2007 | 1,297,520,000,000 |
| 2008 | 1,237,720,000,000 |
| 2009 | 1,304,880,000,000 |
| 2010 | 1,359,400,000,000 |
| 2011 | 1,489,730,000,000 |
| 2012 | 1,611,600,000,000 |
| 2013 | 1,867,810,000,000 |
| 2014 | 1,973,030,000,000 |
| 2015 | 2,182,440,000,000 |
| 2016 | 2,395,280,000,000 |
| 2017 | 2,560,510,000,000 |
| 2018 | 2,699,450,000,000 |
| 2019 | 3,020,320,000,000 |
| 2020 | 2,853,890,000,000 |
GNI (constant 2010 US$)
Definition: GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2010 U.S. dollars.
Source: World Bank national accounts data, and OECD National Accounts data files.
See also:
| Year | Value |
|---|---|
| 2015 | 16,543,800,000 |
GNI, PPP (current international $)
The latest value for GNI, PPP (current international $) in Iceland was 19,065,910,000 as of 2020. Over the past 25 years, the value for this indicator has fluctuated between 20,828,280,000 in 2019 and 6,300,109,000 in 1995.
Definition: PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current international dollars. For most economies PPP figures are extrapolated from the 2011 International Comparison Program (ICP) benchmark estimates or imputed using a statistical model based on the 2011 ICP. For 47 high- and upper middle-income economies conversion factors are provided by Eurostat and the Organisation for Economic Co-operation and Development (OECD).
Source: World Bank, International Comparison Program database.
See also:
| Year | Value |
|---|---|
| 1995 | 6,300,109,000 |
| 1996 | 6,600,284,000 |
| 1997 | 7,173,347,000 |
| 1998 | 7,714,873,000 |
| 1999 | 8,038,028,000 |
| 2000 | 8,061,036,000 |
| 2001 | 8,777,981,000 |
| 2002 | 9,390,432,000 |
| 2003 | 9,391,727,000 |
| 2004 | 10,034,340,000 |
| 2005 | 10,526,300,000 |
| 2006 | 11,039,500,000 |
| 2007 | 12,085,620,000 |
| 2008 | 10,807,260,000 |
| 2009 | 10,697,840,000 |
| 2010 | 10,230,190,000 |
| 2011 | 11,022,610,000 |
| 2012 | 11,766,280,000 |
| 2013 | 13,631,430,000 |
| 2014 | 14,240,760,000 |
| 2015 | 15,371,990,000 |
| 2016 | 17,105,490,000 |
| 2017 | 18,517,230,000 |
| 2018 | 19,149,080,000 |
| 2019 | 20,828,280,000 |
| 2020 | 19,065,910,000 |
GNI, PPP (constant 2011 international $)
Definition: PPP GNI (formerly PPP GNP) is gross national income (GNI) converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GNI as a U.S. dollar has in the United States. Gross national income is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in constant 2011 international dollars.
Source: World Bank, International Comparison Program database.
See also:
| Year | Value |
|---|---|
| 2017 | 18,517,230,000 |
Classification
Topic: Economic Policy & Debt Indicators
Sub-Topic: National accounts
