Distribution of income before social transfers (pensions included in) in Iceland
Iceland: Distribution of income before social transfers (pensions included in) was 31,186 Euro in 2020. ▲ Rising
Latest (2020)
31,186 Euro
Change on year
down 2.7%
World rank
8th
of 47 countries
All-time high
37,239 Euro
in 2018
All-time low
16,730 Euro
in 2010
Years of data
17
2004–2020
Distribution of income before social transfers (pensions included in) in Iceland, 2004–2020
Source: Eurostat. Measured in Euro.
Analysis
Iceland recorded 31,186 Euro for distribution of income before social transfers (pensions included in) in 2020.
The figure is down 2.7% on the previous year and up 86.4% over ten years.
Over the whole period, distribution of income before social transfers (pensions included in) in Iceland peaked at 37,239 Euro in 2018 and was at its lowest, 16,730 Euro, in 2010.
That places Iceland 8th out of 47 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Distribution of income before social transfers (pensions included in) in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2004 | 20,974 Euro | — |
| 2005 | 22,542 Euro | +7.5% |
| 2006 | 27,738 Euro | +23.1% |
| 2007 | 29,763 Euro | +7.3% |
| 2008 | 33,145 Euro | +11.4% |
| 2009 | 23,522 Euro | -29.0% |
| 2010 | 16,730 Euro | -28.9% |
| 2011 | 16,802 Euro | +0.4% |
| 2012 | 17,210 Euro | +2.4% |
| 2013 | 18,944 Euro | +10.1% |
| 2014 | 20,158 Euro | +6.4% |
| 2015 | 22,579 Euro | +12.0% |
| 2016 | 26,458 Euro | +17.2% |
| 2017 | 31,744 Euro | +20.0% |
| 2018 | 37,239 Euro | +17.3% |
| 2019 | 32,039 Euro | -14.0% |
| 2020 | 31,186 Euro | -2.7% |
Iceland compared with similar countries
- Iceland's 31,186 Euro is above the median for Europe & Central Asia, which is 17,355 Euro, 1.8× the median. (34 countries reporting)
- Iceland's 31,186 Euro is above the median for high income countries, which is 20,318 Euro, 1.5× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 26,281 Euro | 20,974 Euro | 33,145 Euro | 6 |
| 2010s | 23,990 Euro | 16,730 Euro | 37,239 Euro | 10 |
| 2020s | 31,186 Euro | 31,186 Euro | 31,186 Euro | 1 |
Countries ranked near Iceland
More economy & growth data for Iceland
- Africa's Development Dynamics (AfDD) Table 04 - Annual real GDP 1.96 Percent per annum (2029)
- Africa's Development Dynamics (AfDD) Table 02 - Annual real GDP 2.48 Percent per annum (2029)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is distribution of income before social transfers (pensions included in) in Iceland?
- Distribution of income before social transfers (pensions included in) in Iceland was 31,186 Euro in 2020, according to Eurostat.
- What is the highest distribution of income before social transfers (pensions included in) recorded in Iceland?
- The highest recorded value was 37,239 Euro in 2018.
- What is the lowest distribution of income before social transfers (pensions included in) recorded in Iceland?
- The lowest recorded value was 16,730 Euro in 2010.
- How does Iceland rank for distribution of income before social transfers (pensions included in)?
- Iceland ranks 8th out of 47 countries with data for 2020.
- Is distribution of income before social transfers (pensions included in) rising or falling in Iceland?
- Over the last ten years it is up 86.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Distribution of income before social transfers (pensions included in social transfers) by household composition. Statizoid updates them automatically from the source API.
Download this data
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