Finland vs Iceland: GDP per capita vs. Electoral Democracy Index

Finland
40,702 international-$ in 2011 prices
in 2022
Iceland
42,146 international-$ in 2011 prices
in 2022
Finland rank
24th
Iceland rank
21st

GDP per capita vs. Electoral Democracy Index over time

  • Finland
  • Iceland
010.0k20.0k30.0k40.0k160018112022

How they compare

Iceland currently reports 42,146 international-$ in 2011 prices against 40,702 international-$ in 2011 prices in Finland, a difference of 1,444 international-$ in 2011 prices.

The two have swapped places 17 times across 153 shared years of data; in 1870 it was Finland ahead.

Finland ranks 24th and Iceland ranks 21st of 166 countries.

Across the 16 decades both report, Finland averaged higher in 7 and Iceland in 9.

Head to head by decade

Decade Finland Iceland Difference Ahead
1870s 1,886 international-$ in 2011 prices 1,683 international-$ in 2011 prices 202.6 international-$ in 2011 prices Finland
1880s 1,965 international-$ in 2011 prices 1,815 international-$ in 2011 prices 150.43 international-$ in 2011 prices Finland
1890s 2,345 international-$ in 2011 prices 2,189 international-$ in 2011 prices 156 international-$ in 2011 prices Finland
1900s 2,773 international-$ in 2011 prices 2,563 international-$ in 2011 prices 209.85 international-$ in 2011 prices Finland
1910s 2,927 international-$ in 2011 prices 2,922 international-$ in 2011 prices 5.46 international-$ in 2011 prices Finland
1920s 3,650 international-$ in 2011 prices 3,152 international-$ in 2011 prices 497.96 international-$ in 2011 prices Finland
1930s 4,829 international-$ in 2011 prices 4,422 international-$ in 2011 prices 407.33 international-$ in 2011 prices Finland
1940s 5,770 international-$ in 2011 prices 7,704 international-$ in 2011 prices 1,934 international-$ in 2011 prices Iceland
1950s 8,028 international-$ in 2011 prices 9,550 international-$ in 2011 prices 1,523 international-$ in 2011 prices Iceland
1960s 11,862 international-$ in 2011 prices 13,020 international-$ in 2011 prices 1,158 international-$ in 2011 prices Iceland
1970s 17,579 international-$ in 2011 prices 19,243 international-$ in 2011 prices 1,665 international-$ in 2011 prices Iceland
1980s 23,144 international-$ in 2011 prices 26,584 international-$ in 2011 prices 3,440 international-$ in 2011 prices Iceland
1990s 26,636 international-$ in 2011 prices 28,725 international-$ in 2011 prices 2,089 international-$ in 2011 prices Iceland
2000s 36,239 international-$ in 2011 prices 36,672 international-$ in 2011 prices 432.51 international-$ in 2011 prices Iceland
2010s 38,113 international-$ in 2011 prices 39,697 international-$ in 2011 prices 1,584 international-$ in 2011 prices Iceland
2020s 39,850 international-$ in 2011 prices 40,642 international-$ in 2011 prices 791.83 international-$ in 2011 prices Iceland

Averages of every year both report within each decade.

Frequently asked questions

Which has higher gdp per capita vs. electoral democracy index, Finland or Iceland?
Iceland, at 42,146 international-$ in 2011 prices against 40,702 international-$ in 2011 prices in Finland as of 2022.
What is the difference in gdp per capita vs. electoral democracy index between Finland and Iceland?
1,444 international-$ in 2011 prices, with Iceland ahead.
How many years of comparable data are there for Finland and Iceland?
153 years are reported by both, from 1870 to 2022.
How do Finland and Iceland rank globally for gdp per capita vs. electoral democracy index?
Finland ranks 24th and Iceland ranks 21st of 166 countries.
Where does this data come from?
Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data, published as GDP per capita vs. Electoral Democracy Index. Statizoid refreshes it automatically from the source and publishes the full history for both places.

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Finland vs Iceland: GDP per capita vs. Electoral Democracy Index. Statizoid, drawing on Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data. Retrieved 03 September 2026, from https://economy.statizoid.com/compare/gdp-per-capita-vs-electoral-democracy-index/finland/iceland/

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About this data

Indicator
GDP per capita vs. Electoral Democracy Index
Unit
international-$ in 2011 prices
Source
Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
166 places, 21,075 data points, 1000–2022
Last refreshed

Average economic output per person in a country or region per year. This data is adjusted for inflation and differences in living costs between countries.