Vegetable oil vs gdp in Iceland
Iceland: Vegetable oil vs gdp was 10.05 in 2023. ▲ Rising
Vegetable oil vs gdp in Iceland, 1961–2023
Source: Our World in Data.
Analysis
Iceland recorded 10.05 for vegetable oil vs gdp in 2023.
That represents a change of down 6.2% on the previous year and up 12.2% over ten years.
Over the whole period, vegetable oil vs gdp in Iceland peaked at 11.73 in 2020 and was at its lowest, 3.98, in 1968.
That places Iceland 118th out of 192 countries with data for 2023, putting it in the middle of the range.
The long-run direction has been consistently rising across the 63 years of available data.
Vegetable oil vs gdp in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1961 | 9.27 | — |
| 1962 | 8.89 | -4.1% |
| 1963 | 5.57 | -37.4% |
| 1964 | 5.2 | -6.7% |
| 1965 | 4.57 | -12.1% |
| 1966 | 4.71 | +2.9% |
| 1967 | 4.36 | -7.3% |
| 1968 | 3.98 | -8.7% |
| 1969 | 4.4 | +10.6% |
| 1970 | 6.17 | +40.1% |
| 1971 | 6.03 | -2.1% |
| 1972 | 6.81 | +12.8% |
| 1973 | 6.66 | -2.2% |
| 1974 | 5.74 | -13.8% |
| 1975 | 6.34 | +10.4% |
| 1976 | 6.05 | -4.5% |
| 1977 | 6.56 | +8.4% |
| 1978 | 6.37 | -2.9% |
| 1979 | 6.65 | +4.3% |
| 1980 | 6.32 | -5.0% |
| 1981 | 7.1 | +12.4% |
| 1982 | 7.3 | +2.9% |
| 1983 | 7.38 | +1.0% |
| 1984 | 7.62 | +3.3% |
| 1985 | 7.97 | +4.5% |
| 1986 | 7.89 | -1.0% |
| 1987 | 6.7 | -15.0% |
| 1988 | 6.73 | +0.4% |
| 1989 | 7.01 | +4.1% |
| 1990 | 6.69 | -4.5% |
| 1991 | 6.55 | -2.2% |
| 1992 | 6.58 | +0.5% |
| 1993 | 6.56 | -0.4% |
| 1994 | 6.21 | -5.4% |
| 1995 | 6.24 | +0.5% |
| 1996 | 6.49 | +4.1% |
| 1997 | 6.93 | +6.6% |
| 1998 | 7.04 | +1.6% |
| 1999 | 7.77 | +10.3% |
| 2000 | 7.62 | -1.8% |
| 2001 | 7.75 | +1.7% |
| 2002 | 7.38 | -4.7% |
| 2003 | 7.22 | -2.2% |
| 2004 | 7.7 | +6.7% |
| 2005 | 8.35 | +8.5% |
| 2006 | 8.34 | -0.2% |
| 2007 | 7.8 | -6.5% |
| 2008 | 7.66 | -1.8% |
| 2009 | 8.13 | +6.2% |
| 2010 | 9.02 | +10.9% |
| 2011 | 9.03 | +0.1% |
| 2012 | 9.09 | +0.7% |
| 2013 | 8.96 | -1.4% |
| 2014 | 8.98 | +0.2% |
| 2015 | 8.96 | -0.2% |
| 2016 | 11.61 | +29.6% |
| 2017 | 11.38 | -2.0% |
| 2018 | 10.93 | -4.0% |
| 2019 | 11.22 | +2.7% |
| 2020 | 11.73 | +4.5% |
| 2021 | 10.48 | -10.7% |
| 2022 | 10.72 | +2.3% |
| 2023 | 10.05 | -6.2% |
Iceland compared with similar countries
- Iceland's 10.05 is below the median for high income countries, which is 14.94, 67% of the median. (63 countries reporting)
- Iceland's 10.05 is below the median for Europe & Central Asia, which is 12.59, 80% of the median. (48 countries reporting)
Biggest year-on-year movements
Years where Vegetable oil vs gdp in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1970 | +40.1% | 4.4 | 6.17 |
| 1963 | -37.4% | 8.89 | 5.57 |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 5.66 | 3.98 | 9.27 | 9 |
| 1970s | 6.34 | 5.74 | 6.81 | 10 |
| 1980s | 7.2 | 6.32 | 7.97 | 10 |
| 1990s | 6.7 | 6.21 | 7.77 | 10 |
| 2000s | 7.8 | 7.22 | 8.35 | 10 |
| 2010s | 9.92 | 8.96 | 11.61 | 10 |
| 2020s | 10.74 | 10.05 | 11.73 | 4 |
Countries ranked near Iceland
More energy & mining data for Iceland
- Ores and metals imports 7.9% (2025)
- Gas production 0 terawatt-hours (2024)
- Fossil fuel production per person, by fuel 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel 0 terawatt-hours (2024)
- Gas production per person 0 kilowatt-hours per person (2024)
- Fossil fuel production by fuel, per capita 0 terawatt-hours per person (2024)
- Fossil fuel production by fuel, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Gas production, per capita 0 terawatt-hours per person (2024)
- Gas production, per unit of GDP 0 terawatt-hours per US$ of GDP (2024)
- Primary energy use, per capita 0.0002 terawatt-hours per person (2025)
Frequently asked questions
- What is vegetable oil vs gdp in Iceland?
- Vegetable oil vs gdp in Iceland was 10.05 in 2023, according to Our World in Data.
- What is the highest vegetable oil vs gdp recorded in Iceland?
- The highest recorded value was 11.73 in 2020.
- What is the lowest vegetable oil vs gdp recorded in Iceland?
- The lowest recorded value was 3.98 in 1968.
- How does Iceland rank for vegetable oil vs gdp?
- Iceland ranks 118th out of 192 countries with data for 2023.
- Is vegetable oil vs gdp rising or falling in Iceland?
- Over the last ten years it is up 12.2%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Vegetable oil vs gdp. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 63 observations, free to reuse under CC BY 4.0 (Our World in Data).