Material and social deprivation rate by income quintile and household in Iceland
Iceland: Material and social deprivation rate by income quintile and household was 2.0% in 2020. ▼ Falling
Latest (2020)
2.0%
Change on year
down 31.0%
World rank
47th
of 47 countries
All-time high
5.9%
in 2014
All-time low
2.0%
in 2020
Years of data
7
2014–2020
Material and social deprivation rate by income quintile and household in Iceland, 2014–2020
Source: Eurostat. Measured in Percentage.
Analysis
Iceland recorded 2.0% for material and social deprivation rate by income quintile and household in 2020. That is the lowest value across all 7 years on record.
That represents a change of down 31.0% on the previous year and down 66.1% over ten years.
That places Iceland 47th out of 47 countries with data for 2020, putting it in the bottom quarter.
Material and social deprivation rate by income quintile and household in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 2014 | 5.9% | — |
| 2015 | 4.9% | -16.9% |
| 2016 | 4.2% | -14.3% |
| 2017 | 3.7% | -11.9% |
| 2018 | 2.9% | -21.6% |
| 2019 | 2.9% | +0.0% |
| 2020 | 2.0% | -31.0% |
Iceland compared with similar countries
- Iceland's 2.0% is below the median for Europe & Central Asia, which is 9.9%, 20% of the median. (34 countries reporting)
- Iceland's 2.0% is below the median for high income countries, which is 8.7%, 23% of the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 4.1% | 2.9% | 5.9% | 6 |
| 2020s | 2.0% | 2.0% | 2.0% | 1 |
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)
- 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 material and social deprivation rate by income quintile and household in Iceland?
- Material and social deprivation rate by income quintile and household in Iceland was 2.0% in 2020, according to Eurostat.
- What is the highest material and social deprivation rate by income quintile and household recorded in Iceland?
- The highest recorded value was 5.9% in 2014.
- What is the lowest material and social deprivation rate by income quintile and household recorded in Iceland?
- The lowest recorded value was 2.0% in 2020.
- How does Iceland rank for material and social deprivation rate by income quintile and household?
- Iceland ranks 47th out of 47 countries with data for 2020.
- Is material and social deprivation rate by income quintile and household rising or falling in Iceland?
- Over the last ten years it is down 66.1%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Material and social deprivation rate by income quintile and household type. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 7 observations, free to reuse under CC BY 4.0 (Eurostat).