Iceland GDP from Services
Services value added as a share of GDP.
GDP from Services in Iceland increased to 66.23 percent of GDP in 2025 from 65.33 percent of GDP in 2024.
Iceland GDP from Services — History
Drag or pinch to zoom.
Iceland GDP from Services — analysis in simple words
Latest reading
GDP from Services in Iceland increased to 66.23 percent of GDP in 2025 from 65.33 percent of GDP in 2024.
Over the last three years it rose twice and fell once.
Recent trend
A year earlier (2024) it was 65.3%, so the latest figure is 0.9 percentage points higher.
Over the past five years the average was 65.4%, with a range from 64.9% to 66.2%. The latest value is above that five-year average.
Historical context
This data series starts in 1995 and has 31 annual observations. The latest reading is higher than 94% of all of them.
The highest value on record is 66.3% (2019) and the lowest is 53.4% (1997). The long-run average is 61.6%.
Compared with other countries
Among 202 economies with recent data, Iceland ranks 50th from the top. The median across all these economies is 57.7%, so Iceland is above the typical country.
Within Europe & Central Asia (57 economies with data) it ranks 16th; the regional median is 61.5%.
Statistics
- Latest
- 66.2%2025
- Previous
- 65.3%
- 5-year average
- 65.4%
- Long-run average
- 61.6%since 1995
- All-time high
- 66.3%2019
- All-time low
- 53.4%1997
- Observations
- 31Annual
Recent Data
| Period | Value | Change |
|---|---|---|
| 2025 | 66.2% | ▲ +0.9 pp |
| 2024 | 65.3% | ▼ −0.2 pp |
| 2023 | 65.5% | ▲ +0.6 pp |
| 2022 | 64.9% | ▼ −0.2 pp |
| 2021 | 65.1% | ▼ −0.3 pp |
| 2020 | 65.4% | ▼ −1.0 pp |
| 2019 | 66.3% | ▲ +1.3 pp |
| 2018 | 65.1% | ▼ −0.7 pp |
| 2017 | 65.8% | ▲ +0.3 pp |
| 2016 | 65.5% | ▲ +1.0 pp |
| 2015 | 64.5% | ▲ +0.7 pp |
| 2014 | 63.8% | ▲ +0.6 pp |
| 2013 | 63.2% | ▲ +1.3 pp |
| 2012 | 61.9% | ▲ +0.8 pp |
| 2011 | 61.1% | ▼ −0.9 pp |
| 2010 | 62.0% | ▼ −3.4 pp |
| 2009 | 65.4% | ▲ +3.8 pp |
| 2008 | 61.6% | ▼ −1.1 pp |
| 2007 | 62.6% | ▲ +3.7 pp |
| 2006 | 59.0% | ▼ −1.5 pp |
| 2005 | 60.5% | ▲ +0.2 pp |
| 2004 | 60.2% | ▼ −0.2 pp |
| 2003 | 60.5% | ▲ +1.2 pp |
| 2002 | 59.3% | ▲ +2.2 pp |
| 2001 | 57.1% | ▼ −0.1 pp |
| 2000 | 57.3% | ▲ +1.3 pp |
| 1999 | 56.0% | ▲ +1.1 pp |
| 1998 | 54.8% | ▲ +1.4 pp |
| 1997 | 53.4% | ▼ −1.3 pp |
| 1996 | 54.7% |
GDP from Services — Iceland vs Peers
Latest available reading for each economy (periods may differ). Iceland highlighted.
More Iceland indicators
Understanding GDP from Services — a simple guide
What it measures
Services value added as a share of GDP.
How it is calculated
Value added by services (trade, transport, finance, IT, health, education, government) ÷ GDP × 100.
A share of 55% means more than half the economy is services.
Service-heavy economies tend to be less cyclical.
A lower share means agriculture or industry plays a bigger role.
Why it matters for the economy and markets
Services dominate most advanced economies and a growing share of emerging ones.
How to read it
Services tend to be less cyclical than industry and more dependent on domestic demand.
Data source
World Bank — World Development Indicators (series NV.SRV.TOTL.ZS), annual data from 1995 to 2025. Values are shown exactly as published by the source and may be revised later.
How to use the chart
Use the 5Y / 10Y / 25Y / Max buttons to change the time range, or drag the slider under the chart. Hover (or tap) on the line to see the exact value for any period. Dashed lines and hatched bars are IMF projections, not actual data. The “Download CSV” button gives you the full data series.
Frequently asked questions
What is the current gdp from services of Iceland?
What is the highest and lowest gdp from services of Iceland?
What does gdp from services measure?
Data are sourced from official international organisations (IMF, World Bank, BIS) and national authorities, and are shown for educational and informational purposes only. They are not investment advice and no recommendation is made. Figures may be revised by the source; IMF figures for the current and future years are projections. This page was last updated on Saturday, October 17, 2026.