Iceland vs Lower middle income: GNI per capita, PPP
GNI per capita, PPP over time
- Iceland
- Lower middle income
How they compare
Iceland currently reports 67,400 constant 2021 international $ against 9,849 constant 2021 international $ in Lower middle income, a difference of 57,551 constant 2021 international $.
That makes Iceland's figure about 6.8 times Lower middle income's.
Across all 25 years both countries report, Iceland has been ahead every year.
Iceland ranks 14th and Lower middle income ranks 19th of 159 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 53,559 constant 2021 international $ | 4,489 constant 2021 international $ | 49,070 constant 2021 international $ | Iceland |
| 2010s | 59,364 constant 2021 international $ | 6,726 constant 2021 international $ | 52,638 constant 2021 international $ | Iceland |
| 2020s | 65,215 constant 2021 international $ | 8,544 constant 2021 international $ | 56,670 constant 2021 international $ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gni per capita, ppp, Iceland or Lower middle income?
- Iceland, at 67,400 constant 2021 international $ against 9,849 constant 2021 international $ in Lower middle income as of 2024.
- What is the difference in gni per capita, ppp between Iceland and Lower middle income?
- 57,551 constant 2021 international $, with Iceland ahead.
- How many years of comparable data are there for Iceland and Lower middle income?
- 25 years are reported by both, from 2000 to 2024.
- How do Iceland and Lower middle income rank globally for gni per capita, ppp?
- Iceland ranks 14th and Lower middle income ranks 19th of 159 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GNI per capita, PPP (constant 2021 international $). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This indicator provides values for gross national income (GNI) 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 national income is the total income earned by all residents within an economic territory during an accounting period. It is equal to gross domestic product plus earned income receivable from abroad minus earned income payable abroad. 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.