Mean and median income by most frequent activity status in Iceland
Iceland: Mean and median income by most frequent activity status was 40,019 Euro in 2020. ▲ Rising
Latest (2020)
40,019 Euro
Change on year
down 3.2%
World rank
7th
of 49 countries
All-time high
45,131 Euro
in 2018
All-time low
21,232 Euro
in 2010
Years of data
17
2004–2020
Mean and median income by most frequent activity status in Iceland, 2004–2020
Source: Eurostat. Measured in Euro.
Analysis
In 2020, mean and median income by most frequent activity status in Iceland stood at 40,019 Euro.
The figure is down 3.2% on the previous year and up 88.5% over ten years.
Over the whole period, mean and median income by most frequent activity status in Iceland peaked at 45,131 Euro in 2018 and was at its lowest, 21,232 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 most frequent activity status in Iceland, year by year
| Year | Euro | Change |
|---|---|---|
| 2004 | 25,843 Euro | — |
| 2005 | 27,782 Euro | +7.5% |
| 2006 | 34,279 Euro | +23.4% |
| 2007 | 35,672 Euro | +4.1% |
| 2008 | 39,270 Euro | +10.1% |
| 2009 | 27,289 Euro | -30.5% |
| 2010 | 21,232 Euro | -22.2% |
| 2011 | 21,471 Euro | +1.1% |
| 2012 | 22,358 Euro | +4.1% |
| 2013 | 24,348 Euro | +8.9% |
| 2014 | 25,692 Euro | +5.5% |
| 2015 | 28,546 Euro | +11.1% |
| 2016 | 32,920 Euro | +15.3% |
| 2017 | 38,838 Euro | +18.0% |
| 2018 | 45,131 Euro | +16.2% |
| 2019 | 41,358 Euro | -8.4% |
| 2020 | 40,019 Euro | -3.2% |
Iceland compared with similar countries
- Iceland's 40,019 Euro is above the median for Europe & Central Asia, which is 23,400 Euro, 1.7× the median. (34 countries reporting)
- Iceland's 40,019 Euro is above the median for high income countries, which is 26,410 Euro, 1.5× the median. (31 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 31,689 Euro | 25,843 Euro | 39,270 Euro | 6 |
| 2010s | 30,189 Euro | 21,232 Euro | 45,131 Euro | 10 |
| 2020s | 40,019 Euro | 40,019 Euro | 40,019 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 most frequent activity status in Iceland?
- Mean and median income by most frequent activity status in Iceland was 40,019 Euro in 2020, according to Eurostat.
- What is the highest mean and median income by most frequent activity status recorded in Iceland?
- The highest recorded value was 45,131 Euro in 2018.
- What is the lowest mean and median income by most frequent activity status recorded in Iceland?
- The lowest recorded value was 21,232 Euro in 2010.
- How does Iceland rank for mean and median income by most frequent activity status?
- Iceland ranks 7th out of 49 countries with data for 2020.
- Is mean and median income by most frequent activity status rising or falling in Iceland?
- Over the last ten years it is up 88.5%. 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 most frequent activity status. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Eurostat).