GNI per capita in Iceland
Iceland: GNI per capita was 57,507 US$ in 2020. ▲ Rising
GNI per capita in Iceland, 1990–2020
Source: World Bank national accounts data, and OECD National Accounts data files. Measured in US$.
Analysis
The most recent figure for gni per capita in Iceland is 57,507 US$, measured in 2020.
Compared with earlier readings it is down 15.8% on the previous year and up 64.5% over ten years.
Over the whole period, gni per capita in Iceland peaked at 70,667 US$ in 2018 and was at its lowest, 23,291 US$, in 1993.
That places Iceland 13th out of 207 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 31 years of available data.
GNI per capita in Iceland, year by year
| Year | US$ | Change |
|---|---|---|
| 1990 | 24,837 US$ | — |
| 1991 | 26,417 US$ | +6.4% |
| 1992 | 26,841 US$ | +1.6% |
| 1993 | 23,291 US$ | -13.2% |
| 1994 | 23,563 US$ | +1.2% |
| 1995 | 26,203 US$ | +11.2% |
| 1996 | 27,364 US$ | +4.4% |
| 1997 | 27,487 US$ | +0.4% |
| 1998 | 30,415 US$ | +10.7% |
| 1999 | 31,747 US$ | +4.4% |
| 2000 | 30,897 US$ | -2.7% |
| 2001 | 27,925 US$ | -9.6% |
| 2002 | 32,462 US$ | +16.2% |
| 2003 | 39,162 US$ | +20.6% |
| 2004 | 45,659 US$ | +16.6% |
| 2005 | 53,981 US$ | +18.2% |
| 2006 | 52,627 US$ | -2.5% |
| 2007 | 65,015 US$ | +23.5% |
| 2008 | 44,338 US$ | -31.8% |
| 2009 | 33,137 US$ | -25.3% |
| 2010 | 34,966 US$ | +5.5% |
| 2011 | 40,273 US$ | +15.2% |
| 2012 | 40,174 US$ | -0.2% |
| 2013 | 47,218 US$ | +17.5% |
| 2014 | 51,612 US$ | +9.3% |
| 2015 | 50,009 US$ | -3.1% |
| 2016 | 59,106 US$ | +18.2% |
| 2017 | 69,790 US$ | +18.1% |
| 2018 | 70,667 US$ | +1.3% |
| 2019 | 68,322 US$ | -3.3% |
| 2020 | 57,507 US$ | -15.8% |
Iceland compared with similar countries
- Iceland's 57,507 US$ is above the median for high income countries, which is 26,430 US$, 2.2× the median. (75 countries reporting)
- Iceland's 57,507 US$ is above the median for Europe & Central Asia, which is 19,050 US$, 3.0× the median. (53 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 26,816 US$ | 23,291 US$ | 31,747 US$ | 10 |
| 2000s | 42,520 US$ | 27,925 US$ | 65,015 US$ | 10 |
| 2010s | 53,214 US$ | 34,966 US$ | 70,667 US$ | 10 |
| 2020s | 57,507 US$ | 57,507 US$ | 57,507 US$ | 1 |
Countries ranked near Iceland
- 10 United States 64,213 US$ compare
- 11 Cayman Islands 63,316 US$ compare
- 12 Denmark 63,125 US$ compare
- 14 Sweden 54,143 US$ compare
- 15 Singapore 52,599 US$ compare
- 16 Netherlands 51,485 US$ 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)
- Foreign direct investment, net outflows (BoP, current US$), gaps -851.71 million BoP, current US$ (2025)
- Foreign direct investment, net outflows (BoP, current US$), per unit -0.0221 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net outflows (BoP, current US$), per capita -2,170 BoP, current US$ per person (2025)
- Foreign direct investment, net inflows (BoP, current US$), gaps filled -201.70 million BoP, current US$ (2025)
- Foreign direct investment, net inflows (BoP, current US$), annual -107.12 % change on previous year (2025)
- Foreign direct investment, net inflows (BoP, current US$), per unit -0.0052 BoP, current US$ per US$ of GDP (2025)
- Foreign direct investment, net inflows (BoP, current US$), per capita -514.02 BoP, current US$ per person (2025)
- Total reserves (includes gold, current US$), annual growth rate 20.76 % change on previous year (2025)
Frequently asked questions
- What is gni per capita in Iceland?
- Gni per capita in Iceland was 57,507 US$ in 2020, according to World Bank national accounts data, and OECD National Accounts data files.
- What is the highest gni per capita recorded in Iceland?
- The highest recorded value was 70,667 US$ in 2018.
- What is the lowest gni per capita recorded in Iceland?
- The lowest recorded value was 23,291 US$ in 1993.
- How does Iceland rank for gni per capita?
- Iceland ranks 13th out of 207 countries with data for 2020.
- Is gni per capita rising or falling in Iceland?
- Over the last ten years it is up 64.5%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from World Bank national accounts data, and OECD National Accounts data files, published as part of GNI per capita (US$). Statizoid updates them automatically from the source API.
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About this data
GNI per capita is gross national income divided by midyear population. GNI (formerly GNP) is the sum of value added by all resident producers plus any product taxes (less subsidies) not included in the valuation of output plus net receipts of primary income (compensation of employees and property income) from abroad. Data are in current U.S. dollars.