Mean and median income by ability to make ends meet in Iceland
Iceland: Mean and median income by ability to make ends meet was 31,071 Euro in 2020. ▲ Rising
Latest (2020)
31,071 Euro
Change on year
down 6.6%
World rank
5th
of 49 countries
All-time high
35,063 Euro
in 2018
All-time low
17,564 Euro
in 2010
Years of data
17
2004–2020
Mean and median income by ability to make ends meet in Iceland, 2004–2020
Source: Eurostat. Measured in Euro.
Analysis
Iceland recorded 31,071 Euro for mean and median income by ability to make ends meet in 2020.
That represents a change of down 6.6% on the previous year and up 76.9% over ten years.
Over the whole period, mean and median income by ability to make ends meet in Iceland peaked at 35,063 Euro in 2018 and was at its lowest, 17,564 Euro, in 2010.
That places Iceland 5th out of 49 countries with data for 2020, putting it in the top 10%.
The long-run direction has been consistently rising across the 17 years of available data.
Mean and median income by ability to make ends meet in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2004 | 21,049 Euro | — |
| 2005 | 21,491 Euro | +2.1% |
| 2006 | 26,066 Euro | +21.3% |
| 2007 | 25,396 Euro | -2.6% |
| 2008 | 29,406 Euro | +15.8% |
| 2009 | 20,863 Euro | -29.1% |
| 2010 | 17,564 Euro | -15.8% |
| 2011 | 18,122 Euro | +3.2% |
| 2012 | 18,804 Euro | +3.8% |
| 2013 | 20,836 Euro | +10.8% |
| 2014 | 21,283 Euro | +2.1% |
| 2015 | 22,854 Euro | +7.4% |
| 2016 | 25,907 Euro | +13.4% |
| 2017 | 29,936 Euro | +15.6% |
| 2018 | 35,063 Euro | +17.1% |
| 2019 | 33,259 Euro | -5.1% |
| 2020 | 31,071 Euro | -6.6% |
Iceland compared with similar countries
- Iceland's 31,071 Euro is above the median for Europe & Central Asia, which is 17,226 Euro, 1.8× the median. (34 countries reporting)
- Iceland's 31,071 Euro is above the median for high income countries, which is 18,488 Euro, 1.7× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 24,045 Euro | 20,863 Euro | 29,406 Euro | 6 |
| 2010s | 24,363 Euro | 17,564 Euro | 35,063 Euro | 10 |
| 2020s | 31,071 Euro | 31,071 Euro | 31,071 Euro | 1 |
Countries ranked near Iceland
- 2 Luxembourg 40,744 Euro compare
- 3 Norway 34,801 Euro compare
- 4 Ireland 32,479 Euro compare
- 6 Austria 30,440 Euro compare
- 7 Denmark 29,801 Euro compare
- 8 Netherlands 27,546 Euro compare
- 8 Netherlands 27,546 Euro compare
More economy & growth data for Iceland
- Real gdp growth, annual growth rate -125.5 % change on previous year (2024)
- 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)
- SDRs holdings, US dollar, annual growth rate 5.55 % change on previous year (2025)
- SDRs holdings, US dollar, per unit of GDP 0.0153 units per US$ of GDP (2025)
- SDRs holdings, US dollar, per capita 1,500 units per person (2025)
- SDRs holdings, SDR, annual growth rate 0.5124 % change on previous year (2025)
- SDRs holdings, SDR, per unit of GDP 0.0111 units per US$ of GDP (2025)
- SDRs holdings, SDR, per capita 1,095 units per person (2025)
- IMF holdings of currency, US dollar, annual growth rate 5.01 % change on previous year (2025)
Frequently asked questions
- What is mean and median income by ability to make ends meet in Iceland?
- Mean and median income by ability to make ends meet in Iceland was 31,071 Euro in 2020, according to Eurostat.
- What is the highest mean and median income by ability to make ends meet recorded in Iceland?
- The highest recorded value was 35,063 Euro in 2018.
- What is the lowest mean and median income by ability to make ends meet recorded in Iceland?
- The lowest recorded value was 17,564 Euro in 2010.
- How does Iceland rank for mean and median income by ability to make ends meet?
- Iceland ranks 5th out of 49 countries with data for 2020.
- Is mean and median income by ability to make ends meet rising or falling in Iceland?
- Over the last ten years it is up 76.9%. 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 by ability to make ends meet. Statizoid updates them automatically from the source API.
Download this data
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