GDP per capita in Iceland
Iceland: GDP per capita was 42,146 international-$ in 2011 prices in 2022. ◆ Volatile
Latest (2022)
42,146 international-$ in 2011 prices
Change on year
up 4.3%
World rank
21st
of 165 countries
All-time high
43,321 international-$ in 2011 prices
in 2018
All-time low
1,563 international-$ in 2011 prices
in 1870
Years of data
153
1870–2022
GDP per capita in Iceland, 1870–2022
Source: Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
Iceland recorded 42,146 international-$ in 2011 prices for gdp per capita in 2022.
The figure is up 4.3% on the previous year and up 14.1% over ten years.
Over the whole period, gdp per capita in Iceland peaked at 43,321 international-$ in 2011 prices in 2018 and was at its lowest, 1,563 international-$ in 2011 prices, in 1870.
That places Iceland 21st out of 165 countries with data for 2022, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1870s | 1,683 international-$ in 2011 prices | 1,563 international-$ in 2011 prices | 1,875 international-$ in 2011 prices | 10 |
| 1880s | 1,815 international-$ in 2011 prices | 1,708 international-$ in 2011 prices | 1,990 international-$ in 2011 prices | 10 |
| 1890s | 2,189 international-$ in 2011 prices | 1,958 international-$ in 2011 prices | 2,297 international-$ in 2011 prices | 10 |
| 1900s | 2,563 international-$ in 2011 prices | 2,289 international-$ in 2011 prices | 2,780 international-$ in 2011 prices | 10 |
| 1910s | 2,922 international-$ in 2011 prices | 2,497 international-$ in 2011 prices | 3,212 international-$ in 2011 prices | 10 |
| 1920s | 3,152 international-$ in 2011 prices | 2,451 international-$ in 2011 prices | 3,919 international-$ in 2011 prices | 10 |
| 1930s | 4,422 international-$ in 2011 prices | 4,069 international-$ in 2011 prices | 4,980 international-$ in 2011 prices | 10 |
| 1940s | 7,704 international-$ in 2011 prices | 5,235 international-$ in 2011 prices | 9,231 international-$ in 2011 prices | 10 |
| 1950s | 9,550 international-$ in 2011 prices | 8,080 international-$ in 2011 prices | 10,702 international-$ in 2011 prices | 10 |
| 1960s | 13,020 international-$ in 2011 prices | 10,728 international-$ in 2011 prices | 15,058 international-$ in 2011 prices | 10 |
| 1970s | 19,243 international-$ in 2011 prices | 14,830 international-$ in 2011 prices | 23,443 international-$ in 2011 prices | 10 |
| 1980s | 26,584 international-$ in 2011 prices | 24,528 international-$ in 2011 prices | 29,576 international-$ in 2011 prices | 10 |
| 1990s | 28,725 international-$ in 2011 prices | 26,834 international-$ in 2011 prices | 32,187 international-$ in 2011 prices | 10 |
| 2000s | 36,672 international-$ in 2011 prices | 33,108 international-$ in 2011 prices | 41,111 international-$ in 2011 prices | 10 |
| 2010s | 39,697 international-$ in 2011 prices | 36,273 international-$ in 2011 prices | 43,321 international-$ in 2011 prices | 10 |
| 2020s | 40,642 international-$ in 2011 prices | 39,368 international-$ in 2011 prices | 42,146 international-$ in 2011 prices | 3 |
Countries ranked near Iceland
- 18 Germany 46,648 international-$ in 2011 prices compare
- 19 Canada 45,530 international-$ in 2011 prices compare
- 20 Austria 43,793 international-$ in 2011 prices compare
- 22 Belgium 41,872 international-$ in 2011 prices compare
- 23 South Korea 41,321 international-$ in 2011 prices compare
- 24 Finland 40,702 international-$ in 2011 prices compare
More economy & growth data for Iceland
- External balance on goods and services as a percent of GDP -2.3% (2025)
- Inflation of consumer prices 4.1% (2025)
- GDP per capita 58,910 constant 2015 US$ (2025)
- Share of manufacturing in gross domestic product (GDP) 8.5% (2025)
- Gross domestic product (GDP) 23.12 billion constant 2015 US$ (2025)
- GDP per capita in international and market dollars 58,910 constant 2015 US$ (2025)
- DEC alternative conversion factor 128.44 LCU per US$ (2025)
- Net secondary income (Net current transfers from abroad) -52.84 billion current LCU (2024)
- Net secondary income (Net current transfers from abroad) -383.05 million current US$ (2024)
- Taxes less subsidies on products 498.69 billion current LCU (2025)
Frequently asked questions
- What is gdp per capita in Iceland?
- Gdp per capita in Iceland was 42,146 international-$ in 2011 prices in 2022, according to Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data.
- What is the highest gdp per capita recorded in Iceland?
- The highest recorded value was 43,321 international-$ in 2011 prices in 2018.
- What is the lowest gdp per capita recorded in Iceland?
- The lowest recorded value was 1,563 international-$ in 2011 prices in 1870.
- How does Iceland rank for gdp per capita?
- Iceland ranks 21st out of 165 countries with data for 2022.
- Is gdp per capita rising or falling in Iceland?
- Over the last ten years it is up 14.1%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Bolt and van Zanden – Maddison Project Database 2023 – with minor processing by Our World in Data, published as part of GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 153 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Average economic output per person in a country or region per year. This data is adjusted for inflation and differences in living costs between countries.