Distribution of income by different income groups in Iceland
Iceland: Distribution of income by different income groups was 42,627 Euro in 2022. ▲ Rising
Latest (2022)
42,627 Euro
Change on year
up 5.0%
World rank
5th
of 47 countries
All-time high
44,581 Euro
in 2018
All-time low
21,292 Euro
in 2011
Years of data
19
2004–2022
Distribution of income by different income groups in Iceland, 2004–2022
Source: Eurostat. Measured in Euro.
Analysis
In 2022, distribution of income by different income groups in Iceland stood at 42,627 Euro.
That represents a change of up 5.0% on the previous year and up 92.6% over ten years.
Over the whole period, distribution of income by different income groups in Iceland peaked at 44,581 Euro in 2018 and was at its lowest, 21,292 Euro, in 2011.
That places Iceland 5th out of 47 countries with data for 2022, putting it in the top 10%.
The long-run direction has been consistently rising across the 19 years of available data.
Distribution of income by different income groups in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2004 | 25,131 Euro | — |
| 2005 | 27,115 Euro | +7.9% |
| 2006 | 33,246 Euro | +22.6% |
| 2007 | 34,685 Euro | +4.3% |
| 2008 | 38,471 Euro | +10.9% |
| 2009 | 27,424 Euro | -28.7% |
| 2010 | 21,309 Euro | -22.3% |
| 2011 | 21,292 Euro | -0.1% |
| 2012 | 22,129 Euro | +3.9% |
| 2013 | 23,976 Euro | +8.3% |
| 2014 | 25,015 Euro | +4.3% |
| 2015 | 28,275 Euro | +13.0% |
| 2016 | 32,349 Euro | +14.4% |
| 2017 | 38,497 Euro | +19.0% |
| 2018 | 44,581 Euro | +15.8% |
| 2019 | 41,847 Euro | -6.1% |
| 2020 | 40,559 Euro | -3.1% |
| 2021 | 40,604 Euro | +0.1% |
| 2022 | 42,627 Euro | +5.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31,012 Euro | 25,131 Euro | 38,471 Euro | 6 |
| 2010s | 29,927 Euro | 21,292 Euro | 44,581 Euro | 10 |
| 2020s | 41,263 Euro | 40,559 Euro | 42,627 Euro | 3 |
Countries ranked near Iceland
- 2 Luxembourg 62,024 Euro compare
- 3 Norway 46,406 Euro compare
- 4 Denmark 42,853 Euro compare
- 6 Austria 42,036 Euro compare
- 7 Ireland 40,827 Euro compare
- 8 Netherlands 39,191 Euro compare
- 8 Netherlands 39,191 Euro compare
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)
- Services, value added (constant LCU), per capita 6.16 million constant LCU per person (2025)
- GDP deflator (base year varies by country), annual growth rate 6.87 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
Frequently asked questions
- What is distribution of income by different income groups in Iceland?
- Distribution of income by different income groups in Iceland was 42,627 Euro in 2022, according to Eurostat.
- What is the highest distribution of income by different income groups recorded in Iceland?
- The highest recorded value was 44,581 Euro in 2018.
- What is the lowest distribution of income by different income groups recorded in Iceland?
- The lowest recorded value was 21,292 Euro in 2011.
- How does Iceland rank for distribution of income by different income groups?
- Iceland ranks 5th out of 47 countries with data for 2022.
- Is distribution of income by different income groups rising or falling in Iceland?
- Over the last ten years it is up 92.6%. 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 by different income groups. Statizoid updates them automatically from the source API.
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