Material deprivation for the 'Economic strain' dimension, by number in Iceland
Iceland: Material deprivation for the 'Economic strain' dimension, by number was 71.6% in 2020. ▲ Rising
Latest (2020)
71.6%
Change on year
up 4.8%
World rank
9th
of 47 countries
All-time high
71.6%
in 2020
All-time low
53.2%
in 2004
Years of data
17
2004–2020
Material deprivation for the 'Economic strain' dimension, by number in Iceland, 2004–2020
Source: Eurostat. Measured in Percentage.
Analysis
Iceland recorded 71.6% for material deprivation for the 'economic strain' dimension, by number in 2020. That is the highest value across all 17 years on record.
That represents a change of up 4.8% on the previous year and up 21.6% over ten years.
Over the whole period, material deprivation for the 'economic strain' dimension, by number in Iceland peaked at 71.6% in 2020 and was at its lowest, 53.2%, in 2004.
Iceland ranks 9th of 47 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 17 years of available data.
Material deprivation for the 'Economic strain' dimension, by number in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 2004 | 53.2% | — |
| 2005 | 53.5% | +0.6% |
| 2006 | 57.8% | +8.0% |
| 2007 | 60.0% | +3.8% |
| 2008 | 70.0% | +16.7% |
| 2009 | 65.1% | -7.0% |
| 2010 | 58.9% | -9.5% |
| 2011 | 55.5% | -5.8% |
| 2012 | 58.5% | +5.4% |
| 2013 | 59.3% | +1.4% |
| 2014 | 60.0% | +1.2% |
| 2015 | 58.9% | -1.8% |
| 2016 | 62.4% | +5.9% |
| 2017 | 65.9% | +5.6% |
| 2018 | 68.6% | +4.1% |
| 2019 | 68.3% | -0.4% |
| 2020 | 71.6% | +4.8% |
Iceland compared with similar countries
- Iceland's 71.6% is above the median for Europe & Central Asia, which is 60.1%, 1.2× the median. (34 countries reporting)
- Iceland's 71.6% is above the median for high income countries, which is 61.0%, 1.2× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 59.9% | 53.2% | 70.0% | 6 |
| 2010s | 61.6% | 55.5% | 68.6% | 10 |
| 2020s | 71.6% | 71.6% | 71.6% | 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 deprivation for the 'economic strain' dimension, by number in Iceland?
- Material deprivation for the 'economic strain' dimension, by number in Iceland was 71.6% in 2020, according to Eurostat.
- What is the highest material deprivation for the 'economic strain' dimension, by number recorded in Iceland?
- The highest recorded value was 71.6% in 2020.
- What is the lowest material deprivation for the 'economic strain' dimension, by number recorded in Iceland?
- The lowest recorded value was 53.2% in 2004.
- How does Iceland rank for material deprivation for the 'economic strain' dimension, by number?
- Iceland ranks 9th out of 47 countries with data for 2020.
- Is material deprivation for the 'economic strain' dimension, by number rising or falling in Iceland?
- Over the last ten years it is up 21.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Material deprivation for the 'Economic strain' dimension, by number of item of deprivation. Statizoid updates them automatically from the source API.
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