Gross National Income — Value US$ per capita in Iceland
Iceland: Gross National Income — Value US$ per capita was 81,814 USD in 2023. ◆ Volatile
Gross National Income — Value US$ per capita in Iceland, 1970–2023
Source: Food and Agriculture Organization of the United Nations. Measured in USD.
Analysis
In 2023, gross national income — value us$ per capita in Iceland stood at 81,814 USD. That is the highest value across all 54 years on record.
That represents a change of up 8.8% on the previous year and up 65.5% over ten years.
Over the whole period, gross national income — value us$ per capita in Iceland peaked at 81,814 USD in 2023 and was at its lowest, 2,566 USD, in 1970.
That places Iceland 7th out of 195 countries with data for 2023, putting it in the top 10%.
The series is highly variable year to year, so single readings are best treated with caution.
Gross National Income — Value US$ per capita in Iceland, year by year
| Year | USD | Change |
|---|---|---|
| 1970 | 2,566 USD | — |
| 1971 | 3,245 USD | +26.4% |
| 1972 | 3,992 USD | +23.0% |
| 1973 | 5,410 USD | +35.5% |
| 1974 | 6,996 USD | +29.3% |
| 1975 | 6,348 USD | -9.3% |
| 1976 | 7,447 USD | +17.3% |
| 1977 | 9,818 USD | +31.8% |
| 1978 | 11,039 USD | +12.4% |
| 1979 | 12,410 USD | +12.4% |
| 1980 | 14,537 USD | +17.1% |
| 1981 | 14,744 USD | +1.4% |
| 1982 | 13,276 USD | -10.0% |
| 1983 | 11,214 USD | -15.5% |
| 1984 | 11,422 USD | +1.9% |
| 1985 | 11,874 USD | +4.0% |
| 1986 | 15,867 USD | +33.6% |
| 1987 | 21,945 USD | +38.3% |
| 1988 | 23,843 USD | +8.6% |
| 1989 | 21,651 USD | -9.2% |
| 1990 | 24,538 USD | +13.3% |
| 1991 | 26,098 USD | +6.4% |
| 1992 | 26,515 USD | +1.6% |
| 1993 | 23,008 USD | -13.2% |
| 1994 | 23,277 USD | +1.2% |
| 1995 | 25,782 USD | +10.8% |
| 1996 | 26,833 USD | +4.1% |
| 1997 | 27,148 USD | +1.2% |
| 1998 | 30,202 USD | +11.3% |
| 1999 | 31,603 USD | +4.6% |
| 2000 | 31,074 USD | -1.7% |
| 2001 | 27,975 USD | -10.0% |
| 2002 | 32,262 USD | +15.3% |
| 2003 | 38,792 USD | +20.2% |
| 2004 | 45,246 USD | +16.6% |
| 2005 | 54,523 USD | +20.5% |
| 2006 | 54,022 USD | -0.9% |
| 2007 | 66,277 USD | +22.7% |
| 2008 | 46,420 USD | -30.0% |
| 2009 | 34,513 USD | -25.7% |
| 2010 | 36,634 USD | +6.1% |
| 2011 | 42,146 USD | +15.0% |
| 2012 | 41,958 USD | -0.4% |
| 2013 | 49,432 USD | +17.8% |
| 2014 | 53,864 USD | +9.0% |
| 2015 | 52,836 USD | -1.9% |
| 2016 | 63,176 USD | +19.6% |
| 2017 | 72,334 USD | +14.5% |
| 2018 | 75,672 USD | +4.6% |
| 2019 | 70,348 USD | -7.0% |
| 2020 | 60,949 USD | -13.4% |
| 2021 | 69,324 USD | +13.7% |
| 2022 | 75,162 USD | +8.4% |
| 2023 | 81,814 USD | +8.8% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 6,927 USD | 2,566 USD | 12,410 USD | 10 |
| 1980s | 16,037 USD | 11,214 USD | 23,843 USD | 10 |
| 1990s | 26,500 USD | 23,008 USD | 31,603 USD | 10 |
| 2000s | 43,111 USD | 27,975 USD | 66,277 USD | 10 |
| 2010s | 55,840 USD | 36,634 USD | 75,672 USD | 10 |
| 2020s | 71,812 USD | 60,949 USD | 81,814 USD | 4 |
Countries ranked near Iceland
- 4 Switzerland 97,750 USD compare
- 5 Norway 88,395 USD compare
- 6 Luxembourg 83,917 USD compare
- 8 Ireland 80,805 USD compare
- 9 China, Macao SAR 74,995 USD compare
- 10 Singapore 72,667 USD 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is gross national income — value us$ per capita in Iceland?
- Gross national income — value us$ per capita in Iceland was 81,814 USD in 2023, according to Food and Agriculture Organization of the United Nations.
- What is the highest gross national income — value us$ per capita recorded in Iceland?
- The highest recorded value was 81,814 USD in 2023.
- What is the lowest gross national income — value us$ per capita recorded in Iceland?
- The lowest recorded value was 2,566 USD in 1970.
- How does Iceland rank for gross national income — value us$ per capita?
- Iceland ranks 7th out of 195 countries with data for 2023.
- Is gross national income — value us$ per capita rising or falling in Iceland?
- Over the last ten years it is up 65.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Food and Agriculture Organization of the United Nations, published as part of Gross National Income — Value US$ per capita. Statizoid updates them automatically from the source API.
Download this data
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About this data
The FAOSTAT Macro Indicators database provides a selection of country-level macro indicators relating to total economy (Gross Domestic Product, Gross Fixed Capital Formation); agriculture activity; agriculture, forestry and fishing activity; total manufacturing activity; manufacturing of food products and beverages activity; manufacturing activity of tobacco products; and manufacturing activity of food, beverage and tobacco products.It releases time series for a selection of National Accounts variables, including gross domestic product, gross fixed capital formation, industry-level value added and gross output. The database also proposes additional indicators such as gross domestic product per capita, year-on-year growth rates and measures of industry contribution to gross domestic product. All data relating to Gross Domestic Product, Gross Fixed Capital Formation, agriculture, forestry and fishing activity, and to total manufacturing activity originates from the United Nations Statistics Division (UNSD) National Accounts Estimates of Main Aggregates database, which consists of a complete and consistent set of time series of the main National Accounts aggregates of all UN Members States and other territories in the world for which National Accounts information is available. The UNSD database's content is based on the countries' official National Accounts data reported to UNSD through the annual National Accounts Questionnaire, supplemented with data estimates for any years and countries with incomplete or inconsistent information (See http://unstats.un.org/unsd/snaama/Introduction.asp). Data series relating to the sub-industry Agriculture activity are obtained from the UNSD national accounts Official Country Data databases while series on the Manufacturing activity of food and beverages products, manufacturing activity of tobacco products and manufacturing activity of food, beverages and tobacco products originates from the United Nations Industrial Development Organization (UNIDO) INDSTAT2 database. In order to ensure that sub-industry series are consistent in levels with National Accounts based series, which is needed to support comparability across industries (agriculture vs. agro-industry and sub-industries), UNIDO originating series are rescaled on UNSD National Accounts Estimates of Main Aggregates data series (See Section 17.5 for a more detailed description of the data processing steps).