Mean and median income by age and sex in Iceland
Iceland: Mean and median income by age and sex was 39,210 Euro in 2020. ▲ Rising
Latest (2020)
39,210 Euro
Change on year
down 3.4%
World rank
7th
of 49 countries
All-time high
43,769 Euro
in 2018
All-time low
20,670 Euro
in 2010
Years of data
17
2004–2020
Mean and median income by age and sex in Iceland, 2004–2020
Source: Eurostat. Measured in Euro.
Analysis
Iceland recorded 39,210 Euro for mean and median income by age and sex in 2020.
Compared with earlier readings it is down 3.4% on the previous year and up 89.7% over ten years.
Over the whole period, mean and median income by age and sex in Iceland peaked at 43,769 Euro in 2018 and was at its lowest, 20,670 Euro, in 2010.
Iceland ranks 7th of 49 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 by age and sex in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2004 | 24,487 Euro | — |
| 2005 | 26,335 Euro | +7.5% |
| 2006 | 32,252 Euro | +22.5% |
| 2007 | 33,753 Euro | +4.7% |
| 2008 | 37,411 Euro | +10.8% |
| 2009 | 26,559 Euro | -29.0% |
| 2010 | 20,670 Euro | -22.2% |
| 2011 | 20,698 Euro | +0.1% |
| 2012 | 21,493 Euro | +3.8% |
| 2013 | 23,319 Euro | +8.5% |
| 2014 | 24,521 Euro | +5.2% |
| 2015 | 27,526 Euro | +12.3% |
| 2016 | 31,665 Euro | +15.0% |
| 2017 | 37,450 Euro | +18.3% |
| 2018 | 43,769 Euro | +16.9% |
| 2019 | 40,578 Euro | -7.3% |
| 2020 | 39,210 Euro | -3.4% |
Iceland compared with similar countries
- Iceland's 39,210 Euro is above the median for Europe & Central Asia, which is 22,490 Euro, 1.7× the median. (34 countries reporting)
- Iceland's 39,210 Euro is above the median for high income countries, which is 25,011 Euro, 1.6× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 30,133 Euro | 24,487 Euro | 37,411 Euro | 6 |
| 2010s | 29,169 Euro | 20,670 Euro | 43,769 Euro | 10 |
| 2020s | 39,210 Euro | 39,210 Euro | 39,210 Euro | 1 |
Countries ranked near Iceland
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 age and sex in Iceland?
- Mean and median income by age and sex in Iceland was 39,210 Euro in 2020, according to Eurostat.
- What is the highest mean and median income by age and sex recorded in Iceland?
- The highest recorded value was 43,769 Euro in 2018.
- What is the lowest mean and median income by age and sex recorded in Iceland?
- The lowest recorded value was 20,670 Euro in 2010.
- How does Iceland rank for mean and median income by age and sex?
- Iceland ranks 7th out of 49 countries with data for 2020.
- Is mean and median income by age and sex rising or falling in Iceland?
- Over the last ten years it is up 89.7%. 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 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).