Canada vs Iceland: Median and mean income (after tax)
Canada
46,263 international-$ in 2021 prices
in 2022
Iceland
48,777 international-$ in 2021 prices
in 2017
Canada rank
7th
Iceland rank
4th
Median and mean income (after tax) over time
- Canada
- Iceland
How they compare
Iceland currently reports 48,777 international-$ in 2021 prices against 46,263 international-$ in 2021 prices in Canada, a difference of 2,514 international-$ in 2021 prices.
That makes Iceland's figure about 1.1 times Canada's.
The two have swapped places 2 times across 15 shared years of data; in 2003 it was Iceland ahead.
Canada ranks 7th and Iceland ranks 4th of 47 countries.
Across the 2 decades both report, Canada averaged higher in 1 and Iceland in 1.
Head to head by decade
| Decade | Canada | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 38,722 international-$ in 2021 prices | 43,598 international-$ in 2021 prices | 4,875 international-$ in 2021 prices | Iceland |
| 2010s | 42,653 international-$ in 2021 prices | 41,299 international-$ in 2021 prices | 1,354 international-$ in 2021 prices | Canada |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher median and mean income (after tax), Canada or Iceland?
- Iceland, at 48,777 international-$ in 2021 prices against 46,263 international-$ in 2021 prices in Canada as of 2017.
- What is the difference in median and mean income (after tax) between Canada and Iceland?
- 2,514 international-$ in 2021 prices, with Iceland ahead.
- How many years of comparable data are there for Canada and Iceland?
- 15 years are reported by both, from 2003 to 2017.
- How do Canada and Iceland rank globally for median and mean income (after tax)?
- Canada ranks 7th and Iceland ranks 4th of 47 countries.
- Where does this data come from?
- Luxembourg Income Study (2026) β with minor processing by Our World in Data, published as Median and mean income (after tax). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Average income per year of the population.