Iceland vs Montenegro: GNI, PPP
GNI, PPP over time
- Iceland
- Montenegro
How they compare
Iceland currently reports 26.05 billion constant 2021 international $ against 19.08 billion constant 2021 international $ in Montenegro, a difference of 6.97 billion constant 2021 international $.
That makes Iceland's figure about 1.4 times Montenegro's.
Across all 19 years both countries report, Iceland has been ahead every year.
Iceland ranks 131st and Montenegro ranks 134th of 158 countries.
Iceland has averaged higher in every one of the 3 decades both report.
Head to head by decade
| Decade | Iceland | Montenegro | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 17.02 billion constant 2021 international $ | 10.48 billion constant 2021 international $ | 6.54 billion constant 2021 international $ | Iceland |
| 2010s | 19.86 billion constant 2021 international $ | 12.79 billion constant 2021 international $ | 7.07 billion constant 2021 international $ | Iceland |
| 2020s | 24.71 billion constant 2021 international $ | 16.23 billion constant 2021 international $ | 8.48 billion constant 2021 international $ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher gni, ppp, Iceland or Montenegro?
- Iceland, at 26.05 billion constant 2021 international $ against 19.08 billion constant 2021 international $ in Montenegro as of 2024.
- What is the difference in gni, ppp between Iceland and Montenegro?
- 6.97 billion constant 2021 international $, with Iceland ahead.
- How many years of comparable data are there for Iceland and Montenegro?
- 19 years are reported by both, from 2006 to 2024.
- How do Iceland and Montenegro rank globally for gni, ppp?
- Iceland ranks 131st and Montenegro ranks 134th of 158 countries.
- Where does this data come from?
- International Comparison Program (ICP), World Bank (WB), published as GNI, 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) 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. 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.