Mean and median income by group of country of birth in Iceland
Iceland: Mean and median income by group of country of birth was 37,411 Euro in 2020. ▲ Rising
Latest (2020)
37,411 Euro
Change on year
down 2.2%
World rank
7th
of 43 countries
All-time high
39,327 Euro
in 2018
All-time low
17,311 Euro
in 2010
Years of data
12
2009–2020
Mean and median income by group of country of birth in Iceland, 2009–2020
Source: Eurostat. Measured in Euro.
Analysis
Iceland recorded 37,411 Euro for mean and median income by group of country of birth in 2020.
That represents a change of down 2.2% on the previous year and up 116.1% over ten years.
Over the whole period, mean and median income by group of country of birth in Iceland peaked at 39,327 Euro in 2018 and was at its lowest, 17,311 Euro, in 2010.
That places Iceland 7th out of 43 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 country of birth in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2009 | 21,415 Euro | — |
| 2010 | 17,311 Euro | -19.2% |
| 2011 | 18,104 Euro | +4.6% |
| 2012 | 18,332 Euro | +1.3% |
| 2013 | 19,570 Euro | +6.8% |
| 2014 | 21,950 Euro | +12.2% |
| 2015 | 24,888 Euro | +13.4% |
| 2016 | 27,231 Euro | +9.4% |
| 2017 | 31,757 Euro | +16.6% |
| 2018 | 39,327 Euro | +23.8% |
| 2019 | 38,250 Euro | -2.7% |
| 2020 | 37,411 Euro | -2.2% |
Iceland compared with similar countries
- Iceland's 37,411 Euro is above the median for Europe & Central Asia, which is 23,610 Euro, 1.6× the median. (30 countries reporting)
- Iceland's 37,411 Euro is above the median for high income countries, which is 28,781 Euro, 1.3× the median. (29 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 21,415 Euro | 21,415 Euro | 21,415 Euro | 1 |
| 2010s | 25,672 Euro | 17,311 Euro | 39,327 Euro | 10 |
| 2020s | 37,411 Euro | 37,411 Euro | 37,411 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 by group of country of birth in Iceland?
- Mean and median income by group of country of birth in Iceland was 37,411 Euro in 2020, according to Eurostat.
- What is the highest mean and median income by group of country of birth recorded in Iceland?
- The highest recorded value was 39,327 Euro in 2018.
- What is the lowest mean and median income by group of country of birth recorded in Iceland?
- The lowest recorded value was 17,311 Euro in 2010.
- How does Iceland rank for mean and median income by group of country of birth?
- Iceland ranks 7th out of 43 countries with data for 2020.
- Is mean and median income by group of country of birth rising or falling in Iceland?
- Over the last ten years it is up 116.1%. 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 country of birth (population aged 18 and over). Statizoid updates them automatically from the source API.
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