Mean and median income before social transfers (pensions excluded) in Iceland
Iceland: Mean and median income before social transfers (pensions excluded) was 35,639 Euro in 2020. ▲ Rising
Latest (2020)
35,639 Euro
Change on year
down 4.9%
World rank
6th
of 47 countries
All-time high
40,789 Euro
in 2018
All-time low
18,168 Euro
in 2011
Years of data
17
2004–2020
Mean and median income before social transfers (pensions excluded) in Iceland, 2004–2020
Source: Eurostat. Measured in Euro.
Analysis
In 2020, mean and median income before social transfers (pensions excluded) in Iceland stood at 35,639 Euro.
The figure is down 4.9% on the previous year and up 94.5% over ten years.
Over the whole period, mean and median income before social transfers (pensions excluded) in Iceland peaked at 40,789 Euro in 2018 and was at its lowest, 18,168 Euro, in 2011.
Iceland ranks 6th 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.
Mean and median income before social transfers (pensions excluded) in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2004 | 22,245 Euro | — |
| 2005 | 23,898 Euro | +7.4% |
| 2006 | 29,635 Euro | +24.0% |
| 2007 | 31,501 Euro | +6.3% |
| 2008 | 34,893 Euro | +10.8% |
| 2009 | 24,718 Euro | -29.2% |
| 2010 | 18,321 Euro | -25.9% |
| 2011 | 18,168 Euro | -0.8% |
| 2012 | 18,783 Euro | +3.4% |
| 2013 | 20,678 Euro | +10.1% |
| 2014 | 22,011 Euro | +6.4% |
| 2015 | 25,007 Euro | +13.6% |
| 2016 | 29,087 Euro | +16.3% |
| 2017 | 35,041 Euro | +20.5% |
| 2018 | 40,789 Euro | +16.4% |
| 2019 | 37,465 Euro | -8.1% |
| 2020 | 35,639 Euro | -4.9% |
Iceland compared with similar countries
- Iceland's 35,639 Euro is above the median for Europe & Central Asia, which is 20,790 Euro, 1.7× the median. (34 countries reporting)
- Iceland's 35,639 Euro is above the median for high income countries, which is 23,375 Euro, 1.5× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 27,815 Euro | 22,245 Euro | 34,893 Euro | 6 |
| 2010s | 26,535 Euro | 18,168 Euro | 40,789 Euro | 10 |
| 2020s | 35,639 Euro | 35,639 Euro | 35,639 Euro | 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 mean and median income before social transfers (pensions excluded) in Iceland?
- Mean and median income before social transfers (pensions excluded) in Iceland was 35,639 Euro in 2020, according to Eurostat.
- What is the highest mean and median income before social transfers (pensions excluded) recorded in Iceland?
- The highest recorded value was 40,789 Euro in 2018.
- What is the lowest mean and median income before social transfers (pensions excluded) recorded in Iceland?
- The lowest recorded value was 18,168 Euro in 2011.
- How does Iceland rank for mean and median income before social transfers (pensions excluded)?
- Iceland ranks 6th out of 47 countries with data for 2020.
- Is mean and median income before social transfers (pensions excluded) rising or falling in Iceland?
- Over the last ten years it is up 94.5%. 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 Mean and median income before social transfers (pensions excluded from social transfers) by age and sex. Statizoid updates them automatically from the source API.
Download this data
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