Austria vs Iceland: Divergence of GDP per capita among latecomers to the capitalist revolution
Austria
42,988 2011$
in 2018
Iceland
43,438 2011$
in 2018
Austria rank
18th
Iceland rank
17th
Divergence of GDP per capita among latecomers to the capitalist revolution over time
- Austria
- Iceland
How they compare
Iceland currently reports 43,438 2011$ against 42,988 2011$ in Austria, a difference of 450 2011$.
The two have swapped places 10 times across 69 shared years of data; in 1950 it was Iceland ahead.
Austria ranks 18th and Iceland ranks 17th of 145 countries.
Across the 7 decades both report, Austria averaged higher in 3 and Iceland in 4.
Head to head by decade
| Decade | Austria | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1950s | 7,722 2011$ | 9,550 2011$ | 1,828 2011$ | Iceland |
| 1960s | 12,265 2011$ | 13,020 2011$ | 755.5 2011$ | Iceland |
| 1970s | 18,555 2011$ | 19,243 2011$ | 688.5 2011$ | Iceland |
| 1980s | 23,516 2011$ | 26,584 2011$ | 3,068 2011$ | Iceland |
| 1990s | 29,677 2011$ | 28,725 2011$ | 951.36 2011$ | Austria |
| 2000s | 37,616 2011$ | 36,672 2011$ | 943.79 2011$ | Austria |
| 2010s | 41,546 2011$ | 39,450 2011$ | 2,096 2011$ | Austria |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher divergence of gdp per capita among latecomers to the capitalist revolution, Austria or Iceland?
- Iceland, at 43,438 2011$ against 42,988 2011$ in Austria as of 2018.
- What is the difference in divergence of gdp per capita among latecomers to the capitalist revolution between Austria and Iceland?
- 450 2011$, with Iceland ahead.
- How many years of comparable data are there for Austria and Iceland?
- 69 years are reported by both, from 1950 to 2018.
- How do Austria and Iceland rank globally for divergence of gdp per capita among latecomers to the capitalist revolution?
- Austria ranks 18th and Iceland ranks 17th of 145 countries.
- Where does this data come from?
- Maddison Project Database (2018) – processed by Our World in Data, published as Divergence of GDP per capita among latecomers to the capitalist revolution. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Unit 1 'The capitalist revolution: prosperity, inequality, and planetary limits’ in The CORE Team, The Economy 2.0 Microeconomics. Available at: https://tinyco.re/4329598 [Figure 1.19]