Gap in GDP per hour worked with respect to the United States in Iceland
Iceland: Gap in GDP per hour worked with respect to the United States was -32.7 Percentage in 2016. ▬ Flat
Latest (2016)
-32.7 Percentage
Change on year
up 4.7%
World rank
18th
of 36 countries
All-time high
-23.06 Percentage
in 1980
All-time low
-46.01 Percentage
in 1970
Years of data
47
1970–2016
Gap in GDP per hour worked with respect to the United States in Iceland, 1970–2016
Source: OECD (2017) – processed by Our World in Data. Measured in Percentage.
Analysis
Iceland recorded -32.7 Percentage for gap in gdp per hour worked with respect to the united states in 2016.
That represents a change of up 4.7% on the previous year and up 4.9% over ten years.
Over the whole period, gap in gdp per hour worked with respect to the united states in Iceland peaked at -23.06 Percentage in 1980 and was at its lowest, -46.01 Percentage, in 1970.
That places Iceland 18th out of 36 countries with data for 2016, putting it in the middle of the range.
Gap in GDP per hour worked with respect to the United States in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 1970 | -46.01 Percentage | — |
| 1971 | -42.72 Percentage | -7.2% |
| 1972 | -41.3 Percentage | -3.3% |
| 1973 | -39.83 Percentage | -3.6% |
| 1974 | -37.09 Percentage | -6.9% |
| 1975 | -38.69 Percentage | +4.3% |
| 1976 | -37.68 Percentage | -2.6% |
| 1977 | -31.54 Percentage | -16.3% |
| 1978 | -28.57 Percentage | -9.4% |
| 1979 | -25.39 Percentage | -11.1% |
| 1980 | -23.06 Percentage | -9.2% |
| 1981 | -25.24 Percentage | +9.5% |
| 1982 | -25.33 Percentage | +0.3% |
| 1983 | -29.56 Percentage | +16.7% |
| 1984 | -29.07 Percentage | -1.7% |
| 1985 | -30.59 Percentage | +5.2% |
| 1986 | -29.8 Percentage | -2.6% |
| 1987 | -28.42 Percentage | -4.6% |
| 1988 | -27.49 Percentage | -3.3% |
| 1989 | -26.68 Percentage | -2.9% |
| 1990 | -25.97 Percentage | -2.7% |
| 1991 | -27.23 Percentage | +4.8% |
| 1992 | -32.04 Percentage | +17.7% |
| 1993 | -31.86 Percentage | -0.5% |
| 1994 | -29.38 Percentage | -7.8% |
| 1995 | -30.96 Percentage | +5.4% |
| 1996 | -31.89 Percentage | +3.0% |
| 1997 | -29.32 Percentage | -8.1% |
| 1998 | -28.8 Percentage | -1.8% |
| 1999 | -30.7 Percentage | +6.6% |
| 2000 | -36.16 Percentage | +17.8% |
| 2001 | -35.31 Percentage | -2.4% |
| 2002 | -34.02 Percentage | -3.6% |
| 2003 | -35.43 Percentage | +4.1% |
| 2004 | -32.52 Percentage | -8.2% |
| 2005 | -33.58 Percentage | +3.2% |
| 2006 | -34.38 Percentage | +2.4% |
| 2007 | -33.77 Percentage | -1.8% |
| 2008 | -31.87 Percentage | -5.6% |
| 2009 | -29.34 Percentage | -7.9% |
| 2010 | -35.81 Percentage | +22.0% |
| 2011 | -36.77 Percentage | +2.7% |
| 2012 | -35.98 Percentage | -2.1% |
| 2013 | -35.08 Percentage | -2.5% |
| 2014 | -35.15 Percentage | +0.2% |
| 2015 | -34.32 Percentage | -2.4% |
| 2016 | -32.7 Percentage | -4.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | -36.88 Percentage | -46.01 Percentage | -25.39 Percentage | 10 |
| 1980s | -27.52 Percentage | -30.59 Percentage | -23.06 Percentage | 10 |
| 1990s | -29.81 Percentage | -32.04 Percentage | -25.97 Percentage | 10 |
| 2000s | -33.64 Percentage | -36.16 Percentage | -29.34 Percentage | 10 |
| 2010s | -35.12 Percentage | -36.77 Percentage | -32.7 Percentage | 7 |
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)
- Households and NPISHs Final consumption expenditure (current LCU) 9.4 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 63.74 current LCU per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (current LCU) 6.27 million current LCU per person (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 4.32 % change on previous year (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 0.3194 constant 2015 US$ per US$ of GDP (2025)
- Households and NPISHs Final consumption expenditure (constant 2015) 31,408 constant 2015 US$ per person (2025)
- Final consumption expenditure (current US$), annual growth rate 17.29 % change on previous year (2025)
- Final consumption expenditure (current US$), per unit of GDP 0.7569 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gap in gdp per hour worked with respect to the united states in Iceland?
- Gap in gdp per hour worked with respect to the united states in Iceland was -32.7 Percentage in 2016, according to OECD (2017) – processed by Our World in Data.
- What is the highest gap in gdp per hour worked with respect to the united states recorded in Iceland?
- The highest recorded value was -23.06 Percentage in 1980.
- What is the lowest gap in gdp per hour worked with respect to the united states recorded in Iceland?
- The lowest recorded value was -46.01 Percentage in 1970.
- How does Iceland rank for gap in gdp per hour worked with respect to the united states?
- Iceland ranks 18th out of 36 countries with data for 2016.
- Is gap in gdp per hour worked with respect to the united states rising or falling in Iceland?
- Over the last ten years it is up 4.9%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from OECD (2017) – processed by Our World in Data, published as part of Gap in GDP per hour worked with respect to the United States. Statizoid updates them automatically from the source API.
Download this data
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About this data
Figure illustrates the gap in GDP per hour worked with respect to the United States. The gap is calculated by taking a country's GDP per hour worked minus that of the US, divided by US GDP per hour worked. A positive gap suggests the country is more productive (has higher GDP per hour worked) than the US.