GDP per capita in Iceland
Iceland: GDP per capita was 27,132 international-$ in 1990 prices in 2020. ▲ Rising
Latest (2020)
27,132 international-$ in 1990 prices
World rank
9th
of 162 countries
All-time high
27,132 international-$ in 1990 prices
in 2020
All-time low
5,331 international-$ in 1990 prices
in 1950
Years of data
15
1950–2020
GDP per capita in Iceland, 1950–2020
Source: Leandro Prados de la Escosura (2021) – with minor processing by Our World in Data. Measured in international-$ in 1990 prices.
Analysis
The most recent figure for gdp per capita in Iceland is 27,132 international-$ in 1990 prices, measured in 2020. That is the highest value across all 15 years on record.
The figure is up 10.4% over ten years.
Over the whole period, gdp per capita in Iceland peaked at 27,132 international-$ in 1990 prices in 2020 and was at its lowest, 5,331 international-$ in 1990 prices, in 1950.
Iceland ranks 9th of 162 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
GDP per capita in Iceland, year by year
| Year | international-$ in 1990 prices | Change |
|---|---|---|
| 1950 | 5,331 international-$ in 1990 prices | — |
| 1955 | 6,334 international-$ in 1990 prices | +18.8% |
| 1960 | 6,875 international-$ in 1990 prices | +8.5% |
| 1965 | 8,846 international-$ in 1990 prices | +28.7% |
| 1970 | 9,304 international-$ in 1990 prices | +5.2% |
| 1975 | 11,879 international-$ in 1990 prices | +27.7% |
| 1980 | 15,388 international-$ in 1990 prices | +29.5% |
| 1985 | 16,305 international-$ in 1990 prices | +6.0% |
| 1990 | 18,043 international-$ in 1990 prices | +10.7% |
| 1995 | 17,417 international-$ in 1990 prices | -3.5% |
| 2000 | 21,582 international-$ in 1990 prices | +23.9% |
| 2005 | 25,173 international-$ in 1990 prices | +16.6% |
| 2010 | 24,568 international-$ in 1990 prices | -2.4% |
| 2015 | 27,011 international-$ in 1990 prices | +9.9% |
| 2020 | 27,132 international-$ in 1990 prices | +0.4% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1950s | 5,832 international-$ in 1990 prices | 5,331 international-$ in 1990 prices | 6,334 international-$ in 1990 prices | 2 |
| 1960s | 7,860 international-$ in 1990 prices | 6,875 international-$ in 1990 prices | 8,846 international-$ in 1990 prices | 2 |
| 1970s | 10,592 international-$ in 1990 prices | 9,304 international-$ in 1990 prices | 11,879 international-$ in 1990 prices | 2 |
| 1980s | 15,846 international-$ in 1990 prices | 15,388 international-$ in 1990 prices | 16,305 international-$ in 1990 prices | 2 |
| 1990s | 17,730 international-$ in 1990 prices | 17,417 international-$ in 1990 prices | 18,043 international-$ in 1990 prices | 2 |
| 2000s | 23,378 international-$ in 1990 prices | 21,582 international-$ in 1990 prices | 25,173 international-$ in 1990 prices | 2 |
| 2010s | 25,790 international-$ in 1990 prices | 24,568 international-$ in 1990 prices | 27,011 international-$ in 1990 prices | 2 |
| 2020s | 27,132 international-$ in 1990 prices | 27,132 international-$ in 1990 prices | 27,132 international-$ in 1990 prices | 1 |
Countries ranked near Iceland
- 6 Republic of Korea 27,884 international-$ in 1990 prices compare
- 7 Norway 27,695 international-$ in 1990 prices compare
- 8 Australia 27,237 international-$ in 1990 prices compare
- 10 Denmark 26,216 international-$ in 1990 prices compare
- 11 Sweden 25,892 international-$ in 1990 prices compare
- 12 Switzerland 25,693 international-$ in 1990 prices 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)
- Imports of goods and services (constant 2015 US$), annual growth rate 7.15 % change on previous year (2025)
- Imports of goods and services (constant 2015 US$), per unit of GDP 0.3036 constant 2015 US$ per US$ of GDP (2025)
- Imports of goods and services (constant 2015 US$), per capita 29,848 constant 2015 US$ per person (2025)
- External balance on goods and services (current US$), annual growth -107.38 % change on previous year (2025)
- External balance on goods and services (current LCU), annual growth -93.07 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), annual 11.69 % change on previous year (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 4.69 current LCU per US$ of GDP (2025)
- Agriculture, forestry, and fishing, value added (current LCU), per 461,476 current LCU per person (2025)
Frequently asked questions
- What is gdp per capita in Iceland?
- Gdp per capita in Iceland was 27,132 international-$ in 1990 prices in 2020, according to Leandro Prados de la Escosura (2021) – with minor processing by Our World in Data.
- What is the highest gdp per capita recorded in Iceland?
- The highest recorded value was 27,132 international-$ in 1990 prices in 2020.
- What is the lowest gdp per capita recorded in Iceland?
- The lowest recorded value was 5,331 international-$ in 1990 prices in 1950.
- How does Iceland rank for gdp per capita?
- Iceland ranks 9th out of 162 countries with data for 2020.
- Is gdp per capita rising or falling in Iceland?
- Over the last ten years it is up 10.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Leandro Prados de la Escosura (2021) – with minor processing by Our World in Data, published as part of GDP per capita. Statizoid updates them automatically from the source API.
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About this data
GDP per capita expressed in international-$ at 1990 prices to account for inflation and differences in the cost of living between countries.