GDP per unit of energy use in Iceland
Iceland: GDP per unit of energy use was 4.27 constant 2021 PPP $ per kg of oil equivalent in 2024. ▼ Falling
Latest (2024)
4.27 constant 2021 PPP $ per kg of oil equivalent
Change on year
down 3.4%
World rank
164th
of 168 countries
All-time high
5.38 constant 2021 PPP $ per kg of oil equivalent
in 2005
All-time low
3.18 constant 2021 PPP $ per kg of oil equivalent
in 2011
Years of data
35
1990–2024
GDP per unit of energy use in Iceland, 1990–2024
Source: IEA Energy Statistics Data Browser, International Energy Agency (IEA). Measured in constant 2021 PPP $ per kg of oil equivalent.
Analysis
In 2024, gdp per unit of energy use in Iceland stood at 4.27 constant 2021 PPP $ per kg of oil equivalent.
Compared with earlier readings it is down 3.4% on the previous year and up 27.2% over ten years.
Over the whole period, gdp per unit of energy use in Iceland peaked at 5.38 constant 2021 PPP $ per kg of oil equivalent in 2005 and was at its lowest, 3.18 constant 2021 PPP $ per kg of oil equivalent, in 2011.
Iceland ranks 164th of 168 countries on this measure, in the bottom quarter.
The long-run direction has been consistently falling across the 35 years of available data.
GDP per unit of energy use in Iceland, year by year
| Year | constant 2021 PPP $ per kg of oil equivalent | Change |
|---|---|---|
| 1990 | 4.76 constant 2021 PPP $ per kg of oil equivalent | — |
| 1991 | 5.19 constant 2021 PPP $ per kg of oil equivalent | +9.1% |
| 1992 | 5.12 constant 2021 PPP $ per kg of oil equivalent | -1.3% |
| 1993 | 4.85 constant 2021 PPP $ per kg of oil equivalent | -5.3% |
| 1994 | 4.95 constant 2021 PPP $ per kg of oil equivalent | +1.9% |
| 1995 | 4.95 constant 2021 PPP $ per kg of oil equivalent | +0.1% |
| 1996 | 4.81 constant 2021 PPP $ per kg of oil equivalent | -2.8% |
| 1997 | 5.09 constant 2021 PPP $ per kg of oil equivalent | +5.8% |
| 1998 | 5.09 constant 2021 PPP $ per kg of oil equivalent | +0.0% |
| 1999 | 4.69 constant 2021 PPP $ per kg of oil equivalent | -7.9% |
| 2000 | 4.4 constant 2021 PPP $ per kg of oil equivalent | -6.1% |
| 2001 | 4.71 constant 2021 PPP $ per kg of oil equivalent | +7.0% |
| 2002 | 4.59 constant 2021 PPP $ per kg of oil equivalent | -2.5% |
| 2003 | 4.7 constant 2021 PPP $ per kg of oil equivalent | +2.3% |
| 2004 | 5.1 constant 2021 PPP $ per kg of oil equivalent | +8.6% |
| 2005 | 5.38 constant 2021 PPP $ per kg of oil equivalent | +5.5% |
| 2006 | 4.58 constant 2021 PPP $ per kg of oil equivalent | -14.8% |
| 2007 | 4.22 constant 2021 PPP $ per kg of oil equivalent | -8.0% |
| 2008 | 3.69 constant 2021 PPP $ per kg of oil equivalent | -12.6% |
| 2009 | 3.26 constant 2021 PPP $ per kg of oil equivalent | -11.7% |
| 2010 | 3.36 constant 2021 PPP $ per kg of oil equivalent | +3.2% |
| 2011 | 3.18 constant 2021 PPP $ per kg of oil equivalent | -5.3% |
| 2012 | 3.3 constant 2021 PPP $ per kg of oil equivalent | +3.6% |
| 2013 | 3.28 constant 2021 PPP $ per kg of oil equivalent | -0.6% |
| 2014 | 3.35 constant 2021 PPP $ per kg of oil equivalent | +2.3% |
| 2015 | 3.66 constant 2021 PPP $ per kg of oil equivalent | +9.0% |
| 2016 | 4.12 constant 2021 PPP $ per kg of oil equivalent | +12.8% |
| 2017 | 4.03 constant 2021 PPP $ per kg of oil equivalent | -2.2% |
| 2018 | 3.85 constant 2021 PPP $ per kg of oil equivalent | -4.6% |
| 2019 | 3.95 constant 2021 PPP $ per kg of oil equivalent | +2.8% |
| 2020 | 3.77 constant 2021 PPP $ per kg of oil equivalent | -4.6% |
| 2021 | 3.97 constant 2021 PPP $ per kg of oil equivalent | +5.5% |
| 2022 | 4.21 constant 2021 PPP $ per kg of oil equivalent | +6.0% |
| 2023 | 4.42 constant 2021 PPP $ per kg of oil equivalent | +4.8% |
| 2024 | 4.27 constant 2021 PPP $ per kg of oil equivalent | -3.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 4.95 constant 2021 PPP $ per kg of oil equivalent | 4.69 constant 2021 PPP $ per kg of oil equivalent | 5.19 constant 2021 PPP $ per kg of oil equivalent | 10 |
| 2000s | 4.46 constant 2021 PPP $ per kg of oil equivalent | 3.26 constant 2021 PPP $ per kg of oil equivalent | 5.38 constant 2021 PPP $ per kg of oil equivalent | 10 |
| 2010s | 3.61 constant 2021 PPP $ per kg of oil equivalent | 3.18 constant 2021 PPP $ per kg of oil equivalent | 4.12 constant 2021 PPP $ per kg of oil equivalent | 10 |
| 2020s | 4.13 constant 2021 PPP $ per kg of oil equivalent | 3.77 constant 2021 PPP $ per kg of oil equivalent | 4.42 constant 2021 PPP $ per kg of oil equivalent | 5 |
Countries ranked near Iceland
- 161 Iran, Islamic Republic of 5.01 constant 2021 PPP $ per kg of oil equivalent compare
- 162 Libya 4.69 constant 2021 PPP $ per kg of oil equivalent compare
- 163 Zambia 4.57 constant 2021 PPP $ per kg of oil equivalent compare
- 165 Mozambique 4.17 constant 2021 PPP $ per kg of oil equivalent compare
- 166 Turkmenistan 3.88 constant 2021 PPP $ per kg of oil equivalent compare
- 167 Congo, Democratic Republic of the 3.81 constant 2021 PPP $ per kg of oil equivalent compare
More energy & mining data for Iceland
- Fossil fuel consumption by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, annual growth rate -4.9 % change on previous year (2025)
- Coal consumption, per capita 0 terawatt-hours per person (2025)
- Coal consumption, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per unit of GDP 0 terawatt-hours per US$ of GDP (2025)
- Primary energy use, per capita 0.0002 terawatt-hours per person (2025)
- Coal production, per capita 0 terawatt-hours per person (2024)
- Coal production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Fossil fuel consumption by fuel, per capita 0 terawatt-hours per person (2024)
- Fuel imports 9.0% (2025)
Frequently asked questions
- What is gdp per unit of energy use in Iceland?
- Gdp per unit of energy use in Iceland was 4.27 constant 2021 PPP $ per kg of oil equivalent in 2024, according to IEA Energy Statistics Data Browser, International Energy Agency (IEA).
- What is the highest gdp per unit of energy use recorded in Iceland?
- The highest recorded value was 5.38 constant 2021 PPP $ per kg of oil equivalent in 2005.
- What is the lowest gdp per unit of energy use recorded in Iceland?
- The lowest recorded value was 3.18 constant 2021 PPP $ per kg of oil equivalent in 2011.
- How does Iceland rank for gdp per unit of energy use?
- Iceland ranks 164th out of 168 countries with data for 2024.
- Is gdp per unit of energy use rising or falling in Iceland?
- Over the last ten years it is up 27.2%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from IEA Energy Statistics Data Browser, International Energy Agency (IEA), published as part of GDP per unit of energy use (constant 2021 PPP $ per kg of oil equivalent). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
GDP per unit of energy use is the PPP GDP per kilogram of oil equivalent of energy use. PPP GDP is gross domestic product converted to 2021 constant international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.