Mean and median income before social transfers (pensions included in) in Iceland
Iceland: Mean and median income before social transfers (pensions included in) was 29,452 Euro in 2020. ▲ Rising
Latest (2020)
29,452 Euro
Change on year
down 2.1%
World rank
6th
of 47 countries
All-time high
34,531 Euro
in 2018
All-time low
15,697 Euro
in 2011
Years of data
17
2004–2020
Mean and median income before social transfers (pensions included in) in Iceland, 2004–2020
Source: Eurostat. Measured in Euro.
Analysis
Iceland recorded 29,452 Euro for mean and median income before social transfers (pensions included in) in 2020.
That represents a change of down 2.1% on the previous year and up 86.7% over ten years.
Over the whole period, mean and median income before social transfers (pensions included in) in Iceland peaked at 34,531 Euro in 2018 and was at its lowest, 15,697 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 included in) in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2004 | 20,006 Euro | — |
| 2005 | 21,510 Euro | +7.5% |
| 2006 | 26,775 Euro | +24.5% |
| 2007 | 28,611 Euro | +6.9% |
| 2008 | 31,602 Euro | +10.5% |
| 2009 | 22,403 Euro | -29.1% |
| 2010 | 15,778 Euro | -29.6% |
| 2011 | 15,697 Euro | -0.5% |
| 2012 | 16,107 Euro | +2.6% |
| 2013 | 17,758 Euro | +10.3% |
| 2014 | 18,920 Euro | +6.5% |
| 2015 | 21,271 Euro | +12.4% |
| 2016 | 24,928 Euro | +17.2% |
| 2017 | 29,535 Euro | +18.5% |
| 2018 | 34,531 Euro | +16.9% |
| 2019 | 30,089 Euro | -12.9% |
| 2020 | 29,452 Euro | -2.1% |
Iceland compared with similar countries
- Iceland's 29,452 Euro is above the median for Europe & Central Asia, which is 16,477 Euro, 1.8× the median. (34 countries reporting)
- Iceland's 29,452 Euro is above the median for high income countries, which is 18,995 Euro, 1.6× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 25,151 Euro | 20,006 Euro | 31,602 Euro | 6 |
| 2010s | 22,461 Euro | 15,697 Euro | 34,531 Euro | 10 |
| 2020s | 29,452 Euro | 29,452 Euro | 29,452 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 included in) in Iceland?
- Mean and median income before social transfers (pensions included in) in Iceland was 29,452 Euro in 2020, according to Eurostat.
- What is the highest mean and median income before social transfers (pensions included in) recorded in Iceland?
- The highest recorded value was 34,531 Euro in 2018.
- What is the lowest mean and median income before social transfers (pensions included in) recorded in Iceland?
- The lowest recorded value was 15,697 Euro in 2011.
- How does Iceland rank for mean and median income before social transfers (pensions included in)?
- Iceland ranks 6th out of 47 countries with data for 2020.
- Is mean and median income before social transfers (pensions included in) rising or falling in Iceland?
- Over the last ten years it is up 86.7%. 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 included in social transfers) by age and sex. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Eurostat).