Iceland - GDP Deflator 2023
5.29%
−3.54pp from 2022
Iceland's gdp deflator was 5.29% in 2023, decreased +3.54pp from 8.83% in 2022. This was the 105th highest globally.
Global Ranking - 2023▾
| Rank | Country | Value | YoY |
|---|---|---|---|
| 1st | Timor-Leste | -20.82% | -283.2% |
| 2nd | Iraq | -15.53% | -157.7% |
| 3rd | Guyana | -14.09% | -216.8% |
| 4th | Trinidad and Tobago | -12.99% | -181.5% |
| 5th | Brunei Darussalam | -12.85% | -153.0% |
| 6th | Norway | -11.08% | -139.0% |
| 7th | Gabon | -9.96% | -167.5% |
| 8th | Azerbaijan | -9.32% | -125.0% |
| 9th | Qatar | -9.20% | -135.6% |
| 10th | Kuwait | -8.07% | -145.7% |
| 11th | Equatorial Guinea | -7.65% | -134.6% |
| 12th | Libya | -7.62% | -117.8% |
| 13th | Congo, Republic of | -7.57% | -141.4% |
| 14th | Singapore | -5.02% | -133.6% |
| 15th | Oman | -4.70% | -128.5% |
| 16th | Papua New Guinea | -4.34% | -128.9% |
| 17th | Bahrain | -4.28% | -160.0% |
| 18th | New Caledonia | -3.97% | -203.3% |
| 19th | Chad | -3.79% | -126.8% |
| 20th | Turkmenistan | -3.28% | -129.7% |
| 21st | West Bank and Gaza | -2.43% | -244.4% |
| 22nd | Saudi Arabia | -2.18% | -117.4% |
| 23rd | Denmark | -2.12% | -120.4% |
| 24th | United Arab Emirates | -2.02% | -116.0% |
| 25th | Malaysia | -1.85% | -129.4% |
| 26th | China | -0.51% | -126.1% |
| 27th | Lesotho | -0.37% | -106.7% |
| 28th | Costa Rica | -0.09% | -101.4% |
| 29th | Bolivia, Plurinational State of | 0.19% | -92.7% |
| 30th | Turks and Caicos Islands | 0.47% | -72.0% |
| 31st | Switzerland | 0.90% | -70.5% |
| 32nd | Algeria | 1.00% | -95.6% |
| 33rd | Cambodia | 1.02% | -70.8% |
| 34th | Thailand | 1.27% | -72.6% |
| 35th | Canada | 1.36% | -82.8% |
| 36th | St. Lucia | 1.49% | -64.7% |
| 37th | Indonesia | 1.53% | -84.0% |
| 38th | Botswana | 1.74% | -88.1% |
| 39th | Jordan | 1.83% | -30.1% |
| 40th | Greenland | 1.86% | -66.8% |
| 41st | Barbados | 1.94% | 255.4% |
| 42nd | Burkina Faso | 1.97% | -57.6% |
| 43rd | Sint Maarten (Dutch part) | 2.02% | -39.4% |
| 44th | Korea | 2.04% | 12.8% |
| 45th | Dominica | 2.09% | 697.9% |
| 46th | Viet Nam | 2.09% | -52.9% |
| 47th | Maldives | 2.14% | -37.3% |
| 48th | Paraguay | 2.17% | -73.0% |
| 49th | Mali | 2.22% | -64.7% |
| 50th | Panama | 2.26% | 2.9% |
| 51st | Ecuador | 2.28% | -2.7% |
| 52nd | Curaçao | 2.40% | -51.9% |
| 53rd | Djibouti | 2.45% | 1,755.8% |
| 54th | Solomon Islands | 2.55% | 235.9% |
| 55th | India | 2.59% | -56.0% |
| 56th | El Salvador | 2.59% | -60.6% |
| 57th | Comoros | 2.63% | -49.3% |
| 58th | Tanzania | 2.75% | -0.5% |
| 59th | Cayman Islands | 2.75% | -29.3% |
| 60th | Fiji | 2.75% | -65.9% |
| 61st | Hong Kong SAR, China | 2.89% | 71.3% |
| 62nd | St. Vincent and the Grenadines | 2.91% | -63.4% |
| 63rd | Afghanistan | 2.92% | -68.9% |
| 64th | Faroe Islands | 2.94% | -50.1% |
| 65th | Georgia | 2.95% | -63.8% |
| 66th | Senegal | 3.05% | -67.3% |
| 67th | Armenia | 3.10% | -61.2% |
| 68th | Cabo Verde | 3.26% | -48.6% |
| 69th | French Polynesia | 3.28% | 31.9% |
| 70th | Puerto Rico (US) | 3.32% | -14.9% |
| 71st | Benin | 3.39% | -18.2% |
| 72nd | Ireland | 3.39% | -57.6% |
| 73rd | Uruguay | 3.41% | -33.7% |
| 74th | Niger | 3.49% | -13.2% |
| 75th | Finland | 3.49% | -43.4% |
| 76th | Cameroon | 3.57% | -47.7% |
| 77th | Central African Republic | 3.57% | -40.6% |
| 78th | United States | 3.60% | -49.5% |
| 79th | Tajikistan | 3.74% | -54.7% |
| 80th | Mauritania | 3.81% | 721.5% |
| 81st | Bermuda | 3.85% | 165.9% |
| 82nd | Côte d'Ivoire | 3.90% | 30.1% |
| 83rd | Togo | 3.96% | -44.4% |
| 84th | Japan | 4.07% | 919.5% |
| 85th | Seychelles | 4.09% | 160.5% |
| 86th | New Zealand | 4.15% | -29.6% |
| 87th | Macao SAR, China | 4.38% | 276.8% |
| 88th | Bhutan | 4.40% | -24.0% |
| 89th | St. Kitts and Nevis | 4.41% | 27.4% |
| 90th | Grenada | 4.46% | 171.7% |
| 91st | Israel | 4.55% | -7.8% |
| 92nd | Kosovo | 4.56% | -36.6% |
| 93rd | Philippines | 4.60% | -16.2% |
| 94th | Somalia, Fed. Rep. | 4.60% | -42.0% |
| 95th | Mexico | 4.65% | -30.2% |
| 96th | South Africa | 4.72% | -9.9% |
| 97th | Liberia | 4.81% | -44.5% |
| 98th | Antigua and Barbuda | 4.91% | -27.6% |
| 99th | France | 4.99% | 65.3% |
| 100th | Monaco | 4.99% | 65.5% |
| 101st | Mozambique | 5.09% | -44.4% |
| 102nd | Guinea-Bissau | 5.14% | 32.3% |
| 103rd | Brazil | 5.16% | -39.8% |
| 104th | Malta | 5.17% | 1.5% |
| 105th | Iceland | 5.29% | -40.1% |
| 106th | Kenya | 5.42% | -22.2% |
| 107th | Belgium | 5.51% | -17.8% |
| 108th | Cyprus | 5.60% | -15.4% |
| 109th | Micronesia, Federated States of | 5.65% | -39.8% |
| 110th | Albania | 5.73% | -41.9% |
| 111th | Nepal | 5.75% | -30.2% |
| 112th | Channel Islands | 5.75% | -21.8% |
| 113th | Dominican Republic | 5.79% | -39.4% |
| 114th | Sweden | 5.83% | -3.2% |
| 115th | Tuvalu | 6.00% | 8.2% |
| 116th | Honduras | 6.05% | -35.1% |
| 117th | Eswatini | 6.05% | -31.7% |
| 118th | Guinea | 6.09% | 117.2% |
| 119th | Mauritius | 6.13% | -28.0% |
| 120th | Italy | 6.20% | 79.4% |
| 121st | Spain | 6.25% | 33.1% |
| 122nd | Greece | 6.27% | -0.2% |
| 123rd | Andorra | 6.30% | 48.6% |
| 124th | Netherlands | 6.30% | 2.4% |
| 125th | Peru | 6.34% | 40.4% |
| 126th | United Kingdom | 6.34% | 11.7% |
| 127th | Nauru | 6.40% | 148.7% |
| 128th | Australia | 6.46% | -10.3% |
| 129th | Guatemala | 6.54% | 2.6% |
| 130th | Chile | 6.59% | -12.9% |
| 131st | Namibia | 6.60% | 2.8% |
| 132nd | Bahamas, The | 6.64% | 61.0% |
| 133rd | Germany | 6.69% | 4.3% |
| 134th | Belize | 6.69% | -8.1% |
| 135th | Uganda | 6.75% | 37.1% |
| 136th | Samoa | 6.83% | 168.5% |
| 137th | Bangladesh | 6.90% | 36.6% |
| 138th | Luxembourg | 6.91% | 11.1% |
| 139th | European Union | 6.91% | 4.4% |
| 140th | Colombia | 6.95% | -53.4% |
| 141st | Vanuatu | 6.97% | -37.9% |
| 142nd | Morocco | 7.05% | 170.9% |
| 143rd | Zambia | 7.09% | 15.5% |
| 144th | Aruba | 7.11% | 65.7% |
| 145th | Austria | 7.17% | 42.8% |
| 146th | Tunisia | 7.18% | 126.8% |
| 147th | Bosnia and Herzegovina | 7.29% | -38.3% |
| 148th | Marshall Islands | 7.32% | 2,845.4% |
| 149th | San Marino | 7.36% | 166.1% |
| 150th | Tonga | 7.43% | -19.3% |
| 151st | Madagascar | 7.47% | -22.4% |
| 152nd | Portugal | 7.49% | 40.5% |
| 153rd | North Macedonia | 7.88% | -11.2% |
| 154th | Bulgaria | 8.00% | -49.8% |
| 155th | Russian Federation | 8.00% | -56.0% |
| 156th | Belarus | 8.05% | -45.9% |
| 157th | Czechia | 8.60% | -0.8% |
| 158th | Estonia | 8.64% | -48.7% |
| 159th | Kiribati | 8.70% | 544.4% |
| 160th | Lithuania | 9.02% | -43.8% |
| 161st | Moldova | 9.28% | -50.8% |
| 162nd | Kazakhstan | 9.52% | -51.8% |
| 163rd | Poland | 9.87% | -7.7% |
| 164th | Slovenia | 9.99% | 54.2% |
| 165th | Slovak Republic | 10.02% | 36.7% |
| 166th | Latvia | 10.67% | 10.1% |
| 167th | Nicaragua | 10.78% | 28.6% |
| 168th | Myanmar | 10.79% | 75.0% |
| 169th | Nigeria | 10.82% | 34.5% |
| 170th | Palau | 11.04% | 188.5% |
| 171st | Congo, Democratic Republic of | 11.29% | 13.0% |
| 172nd | Jamaica | 11.33% | -10.5% |
| 173rd | Montenegro | 11.68% | -3.2% |
| 174th | Rwanda | 11.95% | -24.4% |
| 175th | Romania | 12.35% | 2.5% |
| 176th | Croatia | 12.87% | 60.7% |
| 177th | Gambia, The | 13.72% | 55.6% |
| 178th | Uzbekistan | 13.82% | -4.4% |
| 179th | Serbia | 13.93% | 33.2% |
| 180th | Hungary | 15.11% | 8.1% |
| 181st | Sri Lanka | 16.67% | -64.9% |
| 182nd | Angola | 17.93% | -1.1% |
| 183rd | Burundi | 18.99% | 26.2% |
| 184th | Kyrgyz Republic | 19.86% | 1.0% |
| 185th | Ukraine | 19.87% | -43.1% |
| 186th | Mongolia | 21.77% | 22.9% |
| 187th | São Tomé and Principe | 23.75% | 50.5% |
| 188th | Lao PDR | 24.42% | 54.8% |
| 189th | Egypt, Arab Republic of | 24.80% | 137.9% |
| 190th | Pakistan | 26.02% | 86.7% |
| 191st | Malawi | 29.03% | 69.1% |
| 192nd | Sierra Leone | 29.26% | 8.5% |
| 193rd | Sudan | 29.69% | -74.6% |
| 194th | Haiti | 31.51% | 5.8% |
| 195th | Suriname | 33.10% | -33.0% |
| 196th | Cuba | 33.56% | 138.1% |
| 197th | Iran, Islamic Republic of | 37.29% | -27.0% |
| 198th | Ghana | 40.11% | 42.3% |
| 199th | Türkiye | 68.28% | -28.5% |
| 200th | Argentina | 136.74% | 98.2% |
| 201st | Lebanon | 202.91% | 80.9% |
| 202nd | Zimbabwe | 768.48% | 180.0% |
FAQ
What was Iceland's gdp deflator in 2023?▾
Iceland's gdp deflator in 2023 was 5.29%. This ranked 105th globally.
How did Iceland's gdp deflator change in 2023?▾
Iceland's gdp deflator decreased by 40.1% in 2023 compared to 2022.
Which country had the highest gdp deflator in 2023?▾
Zimbabwe had the highest gdp deflator in 2023 at 768.48%.
What is the gdp deflator of Iceland in 2023?▾
The gdp deflator of Iceland in 2023 was 5.29%. This ranked 105th globally.
How does 2023 compare to 2022 for Iceland's gdp deflator?▾
Iceland's gdp deflator went from 8.83% in 2022 to 5.29% in 2023, a 40.1% decrease.
Related
2022
2024
All years
Full ranking 2023
GDP
GDP per Capita
GDP Growth
GDP PPP
GNI
Peak: 1983
Lowest: 2003
GDP Deflator 1990s
GDP Deflator 2000s
GDP Deflator 2010s
GDP Deflator 2020s
Highest ever
Lowest ever
Average
vs Cayman Islands
vs Singapore
vs Norway
vs United States
NATO GDP Deflator
OECD GDP Deflator
Global Ranking