GDP deflator in Iceland stood at 138.1 in 2025, according to World Bank. The latest value is up 6.9% from 129.2 in 2024. Ten years earlier, in 2015, the value was 85 (up 63% since). The latest value is the highest since 1960; the lowest was 0.0244 in 1960. Iceland ranked 91st highest of the 186 countries in this dataset in 2025; Sudan ranked first.
Data source: World Bank · Unit: index · Category: Macroeconomics · Explore more indicators on EconDash
GDP deflator, measured in index, tracks changes in the price level of goods and services in Iceland. It serves as a primary gauge of purchasing power and cost of living, directly affecting consumer budgets, wage negotiations, and central bank interest rate decisions. Economists distinguish between "headline" inflation (all items) and "core" inflation (excluding volatile food and energy prices) to better understand underlying price trends. In Iceland, this metric is calculated by statistical agencies through regular surveys of thousands of retail prices across urban and rural areas. The resulting index allows comparisons over time: a value of 120 compared to a base of 100 means prices have risen 20% since the base period. Policymakers typically target a modest positive inflation rate (often around 2%) rather than zero, believing this encourages spending and investment while providing a buffer against deflation.
GDP deflator in Iceland stood at 138.1 in 2025, according to World Bank.
The latest value is up 6.9% from 129.2 in 2024. Ten years earlier, in 2015, the value was 85 (up 63% since).
Iceland ranked 91st highest of the 186 countries in this dataset in 2025; Sudan ranked first.
The latest value is the highest since 1960; the lowest was 0.0244 in 1960.
| Indicator | GDP deflator |
|---|---|
| Country | Iceland |
| Category | Macroeconomics |
| Unit | index |
| Source | World Bank |
| Interactive chart | View on EconDash |
| API access | EconDash API documentation |
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World Bank. (2026). GDP deflator — Iceland [Data set]. Retrieved November 13, 2026, from EconDash: https://econdash.org/chart/gdp-deflator/ISL. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS
World Bank. "GDP deflator — Iceland." EconDash, 2026, https://econdash.org/chart/gdp-deflator/ISL. Accessed 13 Nov. 2026. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS.
World Bank. 2026. "GDP deflator — Iceland." EconDash. Accessed November 13, 2026. https://econdash.org/chart/gdp-deflator/ISL. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS.
@misc{econdash_gdp_deflator_isl,
author = {{World Bank}},
title = {{GDP deflator --- Iceland}},
howpublished = {EconDash},
year = {2026},
url = {https://econdash.org/chart/gdp-deflator/ISL},
note = {Accessed: 2026-11-13. Original source: https://data.worldbank.org/indicator/NY.GDP.DEFL.ZS}
}Browse indicators available for Iceland. Click any indicator to view its interactive chart, compare with other countries, and download historical data.
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