Iceland vs Latin America & the Caribbean (IDA & IBRD countries): GDP per capita, PPP
GDP per capita, PPP over time
- Iceland
- Latin America & the Caribbean (IDA & IBRD countries)
How they compare
Iceland currently reports 68,065 constant 2021 international $ against 20,176 constant 2021 international $ in Latin America & the Caribbean (IDA & IBRD countries), a difference of 47,889 constant 2021 international $.
That makes Iceland's figure about 3.4 times Latin America & the Caribbean (IDA & IBRD countries)'s.
Across all 36 years both countries report, Iceland has been ahead every year.
Iceland ranks 20th and Latin America & the Caribbean (IDA & IBRD countries) ranks 21st of 200 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Iceland | Latin America & the Caribbean (IDA & IBRD countries) | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 43,396 constant 2021 international $ | 13,422 constant 2021 international $ | 29,975 constant 2021 international $ | Iceland |
| 2000s | 56,612 constant 2021 international $ | 15,446 constant 2021 international $ | 41,166 constant 2021 international $ | Iceland |
| 2010s | 61,794 constant 2021 international $ | 18,466 constant 2021 international $ | 43,327 constant 2021 international $ | Iceland |
| 2020s | 65,914 constant 2021 international $ | 19,143 constant 2021 international $ | 46,770 constant 2021 international $ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gdp per capita, ppp, Iceland or Latin America & the Caribbean (IDA & IBRD countries)?
- Iceland, at 68,065 constant 2021 international $ against 20,176 constant 2021 international $ in Latin America & the Caribbean (IDA & IBRD countries) as of 2025.
- What is the difference in gdp per capita, ppp between Iceland and Latin America & the Caribbean (IDA & IBRD countries)?
- 47,889 constant 2021 international $, with Iceland ahead.
- How many years of comparable data are there for Iceland and Latin America & the Caribbean (IDA & IBRD countries)?
- 36 years are reported by both, from 1990 to 2025.
- How do Iceland and Latin America & the Caribbean (IDA & IBRD countries) rank globally for gdp per capita, ppp?
- Iceland ranks 20th and Latin America & the Caribbean (IDA & IBRD countries) ranks 21st of 200 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GDP per capita, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
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About this data
This indicator provides values for gross domestic product (GDP) per person expressed in constant international dollars, converted by purchasing power parities (PPPs). PPPs account for the different price levels across countries and thus PPP-based comparisons of economic output are more appropriate for comparing the output of economies and the average material well-being of their inhabitants than exchange-rate based comparisons. Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate. This indicator is expressed in constant prices, meaning the series has been adjusted to account for price changes over time. The reference year for this adjustment is 2021. The PPP conversion factor is a currency conversion factor and a spatial price deflator. PPPs convert different currencies to a common currency and, in the process of conversion, equalize their purchasing power by eliminating the differences in price levels between countries, thereby allowing volume or output comparisons of GDP and its expenditure components.