Germany vs Iceland: Divergence of GDP per capita among latecomers to the capitalist revolution
Germany
46,178 2011$
in 2018
Iceland
43,438 2011$
in 2018
Germany rank
14th
Iceland rank
17th
Divergence of GDP per capita among latecomers to the capitalist revolution over time
- Germany
- Iceland
How they compare
Germany currently reports 46,178 2011$ against 43,438 2011$ in Iceland, a difference of 2,740 2011$.
That makes Germany's figure about 1.1 times Iceland's.
The two have swapped places 9 times across 69 shared years of data; in 1950 it was Iceland ahead.
Germany ranks 14th and Iceland ranks 17th of 145 countries.
Across the 7 decades both report, Germany averaged higher in 3 and Iceland in 4.
Head to head by decade
| Decade | Germany | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1950s | 8,794 2011$ | 9,550 2011$ | 755.9 2011$ | Iceland |
| 1960s | 14,244 2011$ | 13,020 2011$ | 1,224 2011$ | Germany |
| 1970s | 19,554 2011$ | 19,243 2011$ | 310.5 2011$ | Germany |
| 1980s | 23,980 2011$ | 26,584 2011$ | 2,604 2011$ | Iceland |
| 1990s | 28,656 2011$ | 28,725 2011$ | 69.32 2011$ | Iceland |
| 2000s | 36,611 2011$ | 36,672 2011$ | 60.4 2011$ | Iceland |
| 2010s | 43,970 2011$ | 39,450 2011$ | 4,520 2011$ | Germany |
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, Germany or Iceland?
- Germany, at 46,178 2011$ against 43,438 2011$ in Iceland as of 2018.
- What is the difference in divergence of gdp per capita among latecomers to the capitalist revolution between Germany and Iceland?
- 2,740 2011$, with Germany ahead.
- How many years of comparable data are there for Germany and Iceland?
- 69 years are reported by both, from 1950 to 2018.
- How do Germany and Iceland rank globally for divergence of gdp per capita among latecomers to the capitalist revolution?
- Germany ranks 14th 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]