Mean and median income by group of citizenship in Iceland
Iceland: Mean and median income by group of citizenship was 35,818 Euro in 2020. ▲ Rising
Latest (2020)
35,818 Euro
Change on year
down 2.7%
World rank
5th
of 34 countries
All-time high
37,584 Euro
in 2018
All-time low
15,174 Euro
in 2010
Years of data
12
2009–2020
Mean and median income by group of citizenship in Iceland, 2009–2020
Source: Eurostat. Measured in Euro.
Analysis
The most recent figure for mean and median income by group of citizenship in Iceland is 35,818 Euro, measured in 2020.
The figure is down 2.7% on the previous year and up 136.0% over ten years.
Over the whole period, mean and median income by group of citizenship in Iceland peaked at 37,584 Euro in 2018 and was at its lowest, 15,174 Euro, in 2010.
That places Iceland 5th out of 34 countries with data for 2020, putting it in the top quarter.
The long-run direction has been consistently rising across the 12 years of available data.
Mean and median income by group of citizenship in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2009 | 18,697 Euro | — |
| 2010 | 15,174 Euro | -18.8% |
| 2011 | 16,588 Euro | +9.3% |
| 2012 | 17,580 Euro | +6.0% |
| 2013 | 18,836 Euro | +7.1% |
| 2014 | 21,087 Euro | +12.0% |
| 2015 | 23,353 Euro | +10.7% |
| 2016 | 24,534 Euro | +5.1% |
| 2017 | 29,912 Euro | +21.9% |
| 2018 | 37,584 Euro | +25.6% |
| 2019 | 36,818 Euro | -2.0% |
| 2020 | 35,818 Euro | -2.7% |
Iceland compared with similar countries
- Iceland's 35,818 Euro is above the median for Europe & Central Asia, which is 27,152 Euro, 1.3× the median. (25 countries reporting)
- Iceland's 35,818 Euro is above the median for high income countries, which is 28,633 Euro, 1.3× the median. (25 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 18,697 Euro | 18,697 Euro | 18,697 Euro | 1 |
| 2010s | 24,147 Euro | 15,174 Euro | 37,584 Euro | 10 |
| 2020s | 35,818 Euro | 35,818 Euro | 35,818 Euro | 1 |
Countries ranked near Iceland
- 2 Luxembourg 55,795 Euro compare
- 3 Norway 43,327 Euro compare
- 4 Denmark 39,542 Euro compare
- 6 Netherlands 35,720 Euro compare
- 6 Netherlands 35,720 Euro compare
- 8 Austria 34,730 Euro compare
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 by group of citizenship in Iceland?
- Mean and median income by group of citizenship in Iceland was 35,818 Euro in 2020, according to Eurostat.
- What is the highest mean and median income by group of citizenship recorded in Iceland?
- The highest recorded value was 37,584 Euro in 2018.
- What is the lowest mean and median income by group of citizenship recorded in Iceland?
- The lowest recorded value was 15,174 Euro in 2010.
- How does Iceland rank for mean and median income by group of citizenship?
- Iceland ranks 5th out of 34 countries with data for 2020.
- Is mean and median income by group of citizenship rising or falling in Iceland?
- Over the last ten years it is up 136.0%. 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 group of citizenship (population aged 18 and over). Statizoid updates them automatically from the source API.
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