GDP per unit of energy use in Iceland
Iceland: GDP per unit of energy use was 5.22 PPP $ per kg of oil equivalent in 2024. ▲ Rising
GDP per unit of energy use in Iceland, 1990–2024
Source: IEA Energy Statistics Data Browser, International Energy Agency (IEA). Measured in PPP $ per kg of oil equivalent.
Analysis
In 2024, gdp per unit of energy use in Iceland stood at 5.22 PPP $ per kg of oil equivalent.
Compared with earlier readings it is down 0.4% on the previous year and up 101.7% over ten years.
Over the whole period, gdp per unit of energy use in Iceland peaked at 5.24 PPP $ per kg of oil equivalent in 2023 and was at its lowest, 2.28 PPP $ per kg of oil equivalent, in 2011.
That places Iceland 165th out of 171 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently rising across the 35 years of available data.
GDP per unit of energy use in Iceland, year by year
| Year | PPP $ per kg of oil equivalent | Change |
|---|---|---|
| 1990 | 2.51 PPP $ per kg of oil equivalent | — |
| 1991 | 2.83 PPP $ per kg of oil equivalent | +12.8% |
| 1992 | 2.86 PPP $ per kg of oil equivalent | +1.0% |
| 1993 | 2.77 PPP $ per kg of oil equivalent | -3.0% |
| 1994 | 2.89 PPP $ per kg of oil equivalent | +4.1% |
| 1995 | 2.95 PPP $ per kg of oil equivalent | +2.2% |
| 1996 | 2.85 PPP $ per kg of oil equivalent | -3.3% |
| 1997 | 3.12 PPP $ per kg of oil equivalent | +9.4% |
| 1998 | 3.14 PPP $ per kg of oil equivalent | +0.6% |
| 1999 | 2.89 PPP $ per kg of oil equivalent | -7.8% |
| 2000 | 2.65 PPP $ per kg of oil equivalent | -8.6% |
| 2001 | 2.95 PPP $ per kg of oil equivalent | +11.5% |
| 2002 | 2.95 PPP $ per kg of oil equivalent | +0.0% |
| 2003 | 2.98 PPP $ per kg of oil equivalent | +1.1% |
| 2004 | 3.3 PPP $ per kg of oil equivalent | +10.7% |
| 2005 | 3.49 PPP $ per kg of oil equivalent | +5.7% |
| 2006 | 3.05 PPP $ per kg of oil equivalent | -12.7% |
| 2007 | 2.77 PPP $ per kg of oil equivalent | -9.1% |
| 2008 | 2.55 PPP $ per kg of oil equivalent | -8.1% |
| 2009 | 2.35 PPP $ per kg of oil equivalent | -7.9% |
| 2010 | 2.36 PPP $ per kg of oil equivalent | +0.8% |
| 2011 | 2.28 PPP $ per kg of oil equivalent | -3.6% |
| 2012 | 2.41 PPP $ per kg of oil equivalent | +5.9% |
| 2013 | 2.46 PPP $ per kg of oil equivalent | +1.8% |
| 2014 | 2.59 PPP $ per kg of oil equivalent | +5.4% |
| 2015 | 2.94 PPP $ per kg of oil equivalent | +13.5% |
| 2016 | 3.45 PPP $ per kg of oil equivalent | +17.5% |
| 2017 | 3.47 PPP $ per kg of oil equivalent | +0.6% |
| 2018 | 3.35 PPP $ per kg of oil equivalent | -3.6% |
| 2019 | 3.67 PPP $ per kg of oil equivalent | +9.5% |
| 2020 | 3.53 PPP $ per kg of oil equivalent | -3.7% |
| 2021 | 3.97 PPP $ per kg of oil equivalent | +12.5% |
| 2022 | 4.85 PPP $ per kg of oil equivalent | +21.9% |
| 2023 | 5.24 PPP $ per kg of oil equivalent | +8.2% |
| 2024 | 5.22 PPP $ per kg of oil equivalent | -0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 2.88 PPP $ per kg of oil equivalent | 2.51 PPP $ per kg of oil equivalent | 3.14 PPP $ per kg of oil equivalent | 10 |
| 2000s | 2.9 PPP $ per kg of oil equivalent | 2.35 PPP $ per kg of oil equivalent | 3.49 PPP $ per kg of oil equivalent | 10 |
| 2010s | 2.9 PPP $ per kg of oil equivalent | 2.28 PPP $ per kg of oil equivalent | 3.67 PPP $ per kg of oil equivalent | 10 |
| 2020s | 4.56 PPP $ per kg of oil equivalent | 3.53 PPP $ per kg of oil equivalent | 5.24 PPP $ per kg of oil equivalent | 5 |
Countries ranked near Iceland
- 162 Madagascar 5.95 PPP $ per kg of oil equivalent compare
- 163 Kuwait 5.93 PPP $ per kg of oil equivalent compare
- 164 Iran, Islamic Republic of 5.57 PPP $ per kg of oil equivalent compare
- 166 Libya 5.21 PPP $ per kg of oil equivalent compare
- 167 Zambia 5.07 PPP $ per kg of oil equivalent compare
- 168 Mozambique 4.63 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 5.22 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 5.24 PPP $ per kg of oil equivalent in 2023.
- What is the lowest gdp per unit of energy use recorded in Iceland?
- The lowest recorded value was 2.28 PPP $ per kg of oil equivalent in 2011.
- How does Iceland rank for gdp per unit of energy use?
- Iceland ranks 165th out of 171 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 101.7%. The long-run trend across the full record is rising.
- 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 (PPP $ per kg of oil equivalent). Statizoid updates them automatically from the source API.
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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 current international dollars using purchasing power parity rates based on the 2017 ICP round. An international dollar has the same purchasing power over GDP as a U.S. dollar has in the United States.