Belgium vs Iceland: Divergence of GDP per capita among latecomers to the capitalist revolution
Belgium
39,756 2011$
in 2018
Iceland
43,438 2011$
in 2018
Belgium rank
19th
Iceland rank
17th
Divergence of GDP per capita among latecomers to the capitalist revolution over time
- Belgium
- Iceland
How they compare
Iceland currently reports 43,438 2011$ against 39,756 2011$ in Belgium, a difference of 3,682 2011$.
That makes Iceland's figure about 1.1 times Belgium's.
The two have swapped places 11 times across 69 shared years of data; in 1950 it was Belgium ahead.
Belgium ranks 19th and Iceland ranks 17th of 145 countries.
Across the 7 decades both report, Belgium averaged higher in 4 and Iceland in 3.
Head to head by decade
| Decade | Belgium | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1950s | 9,719 2011$ | 9,550 2011$ | 168.6 2011$ | Belgium |
| 1960s | 13,363 2011$ | 13,020 2011$ | 342.5 2011$ | Belgium |
| 1970s | 19,776 2011$ | 19,243 2011$ | 532.7 2011$ | Belgium |
| 1980s | 24,107 2011$ | 26,584 2011$ | 2,478 2011$ | Iceland |
| 1990s | 29,416 2011$ | 28,725 2011$ | 690.76 2011$ | Belgium |
| 2000s | 35,898 2011$ | 36,672 2011$ | 773.7 2011$ | Iceland |
| 2010s | 38,465 2011$ | 39,450 2011$ | 985.41 2011$ | Iceland |
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, Belgium or Iceland?
- Iceland, at 43,438 2011$ against 39,756 2011$ in Belgium as of 2018.
- What is the difference in divergence of gdp per capita among latecomers to the capitalist revolution between Belgium and Iceland?
- 3,682 2011$, with Iceland ahead.
- How many years of comparable data are there for Belgium and Iceland?
- 69 years are reported by both, from 1950 to 2018.
- How do Belgium and Iceland rank globally for divergence of gdp per capita among latecomers to the capitalist revolution?
- Belgium ranks 19th 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]