Labour productivity by main economic activity - Regions in Iceland
Iceland: Labour productivity by main economic activity - Regions was 93,941 US dollars per worker, PPP converted in 2018. ▲ Rising
Labour productivity by main economic activity - Regions in Iceland, 1995–2018
Source: Organisation for Economic Co-operation and Development. Measured in US dollars per worker, PPP converted.
Analysis
The most recent figure for labour productivity by main economic activity - regions in Iceland is 93,941 US dollars per worker, PPP converted, measured in 2018.
The figure is up 0.2% on the previous year and up 0.1% over ten years.
Over the whole period, labour productivity by main economic activity - regions in Iceland peaked at 94,488 US dollars per worker, PPP converted in 2016 and was at its lowest, 60,277 US dollars per worker, PPP converted, in 1995.
That places Iceland 18th out of 41 countries with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Labour productivity by main economic activity - Regions in Iceland, year by year
| Year | US dollars per worker, PPP converted | Change |
|---|---|---|
| 1995 | 60,277 US dollars per worker, PPP converted | — |
| 1996 | 61,955 US dollars per worker, PPP converted | +2.8% |
| 1997 | 70,701 US dollars per worker, PPP converted | +14.1% |
| 1998 | 72,751 US dollars per worker, PPP converted | +2.9% |
| 1999 | 72,936 US dollars per worker, PPP converted | +0.3% |
| 2000 | 75,091 US dollars per worker, PPP converted | +3.0% |
| 2001 | 76,760 US dollars per worker, PPP converted | +2.2% |
| 2002 | 78,423 US dollars per worker, PPP converted | +2.2% |
| 2003 | 80,027 US dollars per worker, PPP converted | +2.0% |
| 2004 | 87,054 US dollars per worker, PPP converted | +8.8% |
| 2005 | 88,957 US dollars per worker, PPP converted | +2.2% |
| 2006 | 88,782 US dollars per worker, PPP converted | -0.2% |
| 2007 | 93,032 US dollars per worker, PPP converted | +4.8% |
| 2008 | 93,829 US dollars per worker, PPP converted | +0.9% |
| 2009 | 93,304 US dollars per worker, PPP converted | -0.6% |
| 2010 | 90,178 US dollars per worker, PPP converted | -3.4% |
| 2011 | 91,616 US dollars per worker, PPP converted | +1.6% |
| 2012 | 91,809 US dollars per worker, PPP converted | +0.2% |
| 2013 | 92,137 US dollars per worker, PPP converted | +0.4% |
| 2014 | 92,075 US dollars per worker, PPP converted | -0.1% |
| 2015 | 93,459 US dollars per worker, PPP converted | +1.5% |
| 2016 | 94,488 US dollars per worker, PPP converted | +1.1% |
| 2017 | 93,721 US dollars per worker, PPP converted | -0.8% |
| 2018 | 93,941 US dollars per worker, PPP converted | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 67,724 US dollars per worker, PPP converted | 60,277 US dollars per worker, PPP converted | 72,936 US dollars per worker, PPP converted | 5 |
| 2000s | 85,526 US dollars per worker, PPP converted | 75,091 US dollars per worker, PPP converted | 93,829 US dollars per worker, PPP converted | 10 |
| 2010s | 92,603 US dollars per worker, PPP converted | 90,178 US dollars per worker, PPP converted | 94,488 US dollars per worker, PPP converted | 9 |
Countries ranked near Iceland
- 15 Malta 97,720 US dollars per worker, PPP converted compare
- 16 Canada 97,408 US dollars per worker, PPP converted compare
- 17 Finland 96,638 US dollars per worker, PPP converted compare
- 19 United Kingdom 93,661 US dollars per worker, PPP converted compare
- 20 Spain 93,652 US dollars per worker, PPP converted compare
- 21 Cyprus 88,438 US dollars per worker, PPP converted 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)
- GNI (current LCU), annual growth rate 8.97 % change on previous year (2025)
- GNI (current LCU), per unit of GDP 128.16 current LCU per US$ of GDP (2025)
- GNI (current LCU), per capita 12.60 million current LCU per person (2025)
- Net primary income (Net income from abroad) (current US$), annual 7.14 % change on previous year (2024)
- Net primary income (Net income from abroad) (current LCU), annual 7.13 % change on previous year (2024)
- Taxes less subsidies on products (current US$), annual growth rate 5.83 % change on previous year (2025)
- Taxes less subsidies on products (current US$), per unit of GDP 0.1006 current US$ per US$ of GDP (2025)
- Taxes less subsidies on products (current US$), per capita 9,894 current US$ per person (2025)
Frequently asked questions
- What is labour productivity by main economic activity - regions in Iceland?
- Labour productivity by main economic activity - regions in Iceland was 93,941 US dollars per worker, PPP converted in 2018, according to Organisation for Economic Co-operation and Development.
- What is the highest labour productivity by main economic activity - regions recorded in Iceland?
- The highest recorded value was 94,488 US dollars per worker, PPP converted in 2016.
- What is the lowest labour productivity by main economic activity - regions recorded in Iceland?
- The lowest recorded value was 60,277 US dollars per worker, PPP converted in 1995.
- How does Iceland rank for labour productivity by main economic activity - regions?
- Iceland ranks 18th out of 41 countries with data for 2018.
- Is labour productivity by main economic activity - regions rising or falling in Iceland?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Labour productivity by main economic activity - Regions. Statizoid updates them automatically from the source API.
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About this data
This dataset provides indicators on labour productivity, in large regions (TL2) and small regions (TL3). Data source and definition Labour productivity is measured as gross value added per employment at place of work by main economic activity. Regional gross value added and employment data are collected from Eurostat for EU countries and from the OECD Working Party on Territorial Indicators (WPTI) delegates or national statistical offices for other countries. To ensure comparability across time and countries, current-price data are converted into constant prices and PPPs. National deflators are used in this dataflow, constant prices measures based on regional deflators are available in the ROPI dataflows. See the Regional data sources. Definition of regions Regions are subnational units below national boundaries. OECD countries have two regional levels: large regions (territorial level 2 or TL2) and small regions (territorial level 3 or TL3). See the OECD Territorial grid. Use of economic data on small regions TL3 regions are grouped into typologies based on shared characteristics. For economic analysis, TL3 regions belonging to the same Functional Urban Area (FUA) with more than 250,000 inhabitants are aggregated into a single metropolitan region to reduce distortions from commuting. See the OECD Territorial Correspondence Table. Cite this dataset OECD Regions, Cities and Local Areas database http://oe.cd/geostats. Further information OECD Regions and Cities Statistical Atlas OECD Regions and Cities at a Glance For questions and/or comments, please email RegionStat@oecd.org.