Gdp per capita vs electoral democracy index in Iceland
Iceland: Gdp per capita vs electoral democracy index was 42,146 in 2022. ◆ Volatile
Latest (2022)
42,146
Change on year
up 4.3%
World rank
21st
of 166 countries
All-time high
43,321
in 2018
All-time low
1,563
in 1870
Years of data
153
1870–2022
Gdp per capita vs electoral democracy index in Iceland, 1870–2022
Source: Our World in Data.
Analysis
Iceland recorded 42,146 for gdp per capita vs electoral democracy index 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 vs electoral democracy index in Iceland peaked at 43,321 in 2018 and was at its lowest, 1,563, in 1870.
Iceland ranks 21st of 166 countries on this measure, in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Gdp per capita vs electoral democracy index in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1870 | 1,563 | — |
| 1871 | 1,591 | +1.8% |
| 1872 | 1,585 | -0.4% |
| 1873 | 1,657 | +4.5% |
| 1874 | 1,707 | +3.0% |
| 1875 | 1,700 | -0.4% |
| 1876 | 1,672 | -1.6% |
| 1877 | 1,708 | +2.1% |
| 1878 | 1,771 | +3.7% |
| 1879 | 1,875 | +5.8% |
| 1880 | 1,986 | +6.0% |
| 1881 | 1,990 | +0.2% |
| 1882 | 1,776 | -10.7% |
| 1883 | 1,708 | -3.8% |
| 1884 | 1,729 | +1.2% |
| 1885 | 1,765 | +2.1% |
| 1886 | 1,771 | +0.3% |
| 1887 | 1,741 | -1.7% |
| 1888 | 1,802 | +3.5% |
| 1889 | 1,879 | +4.3% |
| 1890 | 1,958 | +4.2% |
| 1891 | 2,005 | +2.4% |
| 1892 | 2,133 | +6.4% |
| 1893 | 2,271 | +6.5% |
| 1894 | 2,297 | +1.1% |
| 1895 | 2,247 | -2.2% |
| 1896 | 2,291 | +2.0% |
| 1897 | 2,276 | -0.7% |
| 1898 | 2,208 | -3.0% |
| 1899 | 2,205 | -0.1% |
| 1900 | 2,289 | +3.8% |
| 1901 | 2,392 | +4.5% |
| 1902 | 2,448 | +2.3% |
| 1903 | 2,446 | -0.1% |
| 1904 | 2,461 | +0.6% |
| 1905 | 2,624 | +6.6% |
| 1906 | 2,683 | +2.2% |
| 1907 | 2,780 | +3.6% |
| 1908 | 2,767 | -0.5% |
| 1909 | 2,740 | -1.0% |
| 1910 | 2,920 | +6.6% |
| 1911 | 3,037 | +4.0% |
| 1912 | 3,068 | +1.0% |
| 1913 | 3,212 | +4.7% |
| 1914 | 3,139 | -2.3% |
| 1915 | 3,075 | -2.0% |
| 1916 | 2,716 | -11.7% |
| 1917 | 2,663 | -2.0% |
| 1918 | 2,497 | -6.2% |
| 1919 | 2,890 | +15.7% |
| 1920 | 2,451 | -15.2% |
| 1921 | 2,684 | +9.5% |
| 1922 | 3,012 | +12.2% |
| 1923 | 2,851 | -5.3% |
| 1924 | 3,029 | +6.2% |
| 1925 | 3,037 | +0.3% |
| 1926 | 3,259 | +7.3% |
| 1927 | 3,576 | +9.7% |
| 1928 | 3,706 | +3.7% |
| 1929 | 3,919 | +5.7% |
| 1930 | 4,337 | +10.7% |
| 1931 | 4,251 | -2.0% |
| 1932 | 4,069 | -4.3% |
| 1933 | 4,475 | +10.0% |
| 1934 | 4,500 | +0.6% |
| 1935 | 4,332 | -3.7% |
| 1936 | 4,313 | -0.4% |
| 1937 | 4,479 | +3.9% |
| 1938 | 4,484 | +0.1% |
| 1939 | 4,980 | +11.1% |
| 1940 | 5,235 | +5.1% |
| 1941 | 5,916 | +13.0% |
| 1942 | 6,832 | +15.5% |
| 1943 | 7,198 | +5.4% |
| 1944 | 7,776 | +8.0% |
| 1945 | 8,282 | +6.5% |
| 1946 | 8,490 | +2.5% |
| 1947 | 9,231 | +8.7% |
| 1948 | 9,215 | -0.2% |
| 1949 | 8,868 | -3.8% |
| 1950 | 8,498 | -4.2% |
| 1951 | 8,080 | -4.9% |
| 1952 | 8,823 | +9.2% |
| 1953 | 8,886 | +0.7% |
| 1954 | 9,446 | +6.3% |
| 1955 | 10,096 | +6.9% |
| 1956 | 10,323 | +2.2% |
| 1957 | 10,079 | -2.4% |
| 1958 | 10,568 | +4.9% |
| 1959 | 10,702 | +1.3% |
| 1960 | 10,959 | +2.4% |
| 1961 | 10,728 | -2.1% |
| 1962 | 11,435 | +6.6% |
| 1963 | 12,366 | +8.1% |
| 1964 | 13,386 | +8.2% |
| 1965 | 14,100 | +5.3% |
| 1966 | 15,058 | +6.8% |
| 1967 | 14,642 | -2.8% |
| 1968 | 13,648 | -6.8% |
| 1969 | 13,880 | +1.7% |
| 1970 | 14,830 | +6.8% |
| 1971 | 16,606 | +12.0% |
| 1972 | 17,366 | +4.6% |
| 1973 | 18,277 | +5.2% |
| 1974 | 19,054 | +4.3% |
| 1975 | 18,935 | -0.6% |
| 1976 | 19,877 | +5.0% |
| 1977 | 21,465 | +8.0% |
| 1978 | 22,579 | +5.2% |
| 1979 | 23,443 | +3.8% |
| 1980 | 24,528 | +4.6% |
| 1981 | 25,284 | +3.1% |
| 1982 | 25,477 | +0.8% |
| 1983 | 24,605 | -3.4% |
| 1984 | 25,357 | +3.1% |
| 1985 | 25,990 | +2.5% |
| 1986 | 27,439 | +5.6% |
| 1987 | 29,576 | +7.8% |
| 1988 | 28,934 | -2.2% |
| 1989 | 28,652 | -1.0% |
| 1990 | 28,760 | +0.4% |
| 1991 | 28,258 | -1.7% |
| 1992 | 26,859 | -4.9% |
| 1993 | 26,834 | -0.1% |
| 1994 | 27,458 | +2.3% |
| 1995 | 27,236 | -0.8% |
| 1996 | 28,278 | +3.8% |
| 1997 | 29,939 | +5.9% |
| 1998 | 31,445 | +5.0% |
| 1999 | 32,187 | +2.4% |
| 2000 | 33,108 | +2.9% |
| 2001 | 33,794 | +2.1% |
| 2002 | 33,470 | -1.0% |
| 2003 | 33,921 | +1.3% |
| 2004 | 36,209 | +6.7% |
| 2005 | 37,884 | +4.6% |
| 2006 | 38,707 | +2.2% |
| 2007 | 41,111 | +6.2% |
| 2008 | 40,810 | -0.7% |
| 2009 | 37,702 | -7.6% |
| 2010 | 36,273 | -3.8% |
| 2011 | 36,740 | +1.3% |
| 2012 | 36,934 | +0.5% |
| 2013 | 38,246 | +3.6% |
| 2014 | 38,463 | +0.6% |
| 2015 | 39,756 | +3.4% |
| 2016 | 41,683 | +4.8% |
| 2017 | 42,419 | +1.8% |
| 2018 | 43,321 | +2.1% |
| 2019 | 43,137 | -0.4% |
| 2020 | 39,368 | -8.7% |
| 2021 | 40,413 | +2.7% |
| 2022 | 42,146 | +4.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1870s | 1,683 | 1,563 | 1,875 | 10 |
| 1880s | 1,815 | 1,708 | 1,990 | 10 |
| 1890s | 2,189 | 1,958 | 2,297 | 10 |
| 1900s | 2,563 | 2,289 | 2,780 | 10 |
| 1910s | 2,922 | 2,497 | 3,212 | 10 |
| 1920s | 3,152 | 2,451 | 3,919 | 10 |
| 1930s | 4,422 | 4,069 | 4,980 | 10 |
| 1940s | 7,704 | 5,235 | 9,231 | 10 |
| 1950s | 9,550 | 8,080 | 10,702 | 10 |
| 1960s | 13,020 | 10,728 | 15,058 | 10 |
| 1970s | 19,243 | 14,830 | 23,443 | 10 |
| 1980s | 26,584 | 24,528 | 29,576 | 10 |
| 1990s | 28,725 | 26,834 | 32,187 | 10 |
| 2000s | 36,672 | 33,108 | 41,111 | 10 |
| 2010s | 39,697 | 36,273 | 43,321 | 10 |
| 2020s | 40,642 | 39,368 | 42,146 | 3 |
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)
- GDP (constant 2015 US$), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant 2015 US$), per unit of GDP 0.5991 constant 2015 US$ per US$ of GDP (2025)
- GDP (constant 2015 US$), per capita 58,910 constant 2015 US$ per person (2025)
- GDP (constant LCU), annual growth rate 1.28 % change on previous year (2025)
- GDP (constant LCU), per unit of GDP 92.99 constant LCU per US$ of GDP (2025)
- GDP (constant LCU), per capita 9.14 million constant LCU per person (2025)
- Gross domestic savings (current US$), annual growth rate 13.17 % change on previous year (2025)
- Gross domestic savings (current US$), per unit of GDP 0.2431 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is gdp per capita vs electoral democracy index in Iceland?
- Gdp per capita vs electoral democracy index in Iceland was 42,146 in 2022, according to Our World in Data.
- What is the highest gdp per capita vs electoral democracy index recorded in Iceland?
- The highest recorded value was 43,321 in 2018.
- What is the lowest gdp per capita vs electoral democracy index recorded in Iceland?
- The lowest recorded value was 1,563 in 1870.
- How does Iceland rank for gdp per capita vs electoral democracy index?
- Iceland ranks 21st out of 166 countries with data for 2022.
- Is gdp per capita vs electoral democracy index 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 Our World in Data, published as part of Gdp per capita vs electoral democracy index. Statizoid updates them automatically from the source API.
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