Mean income or consumption per day (2011 prices) in Iceland
Iceland: Mean income or consumption per day (2011 prices) was 59.36 international-$ in 2011 prices in 2017. ▲ Rising
Mean income or consumption per day (2011 prices) in Iceland, 2003–2017
Source: World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Measured in international-$ in 2011 prices.
Analysis
The most recent figure for mean income or consumption per day (2011 prices) in Iceland is 59.36 international-$ in 2011 prices, measured in 2017.
Compared with earlier readings it is up 3.6% on the previous year and up 2.4% over ten years.
Over the whole period, mean income or consumption per day (2011 prices) in Iceland peaked at 60.42 international-$ in 2011 prices in 2008 and was at its lowest, 44.9 international-$ in 2011 prices, in 2003.
Iceland ranks 7th of 119 countries on this measure, in the top 10%.
The long-run direction has been consistently rising across the 15 years of available data.
Mean income or consumption per day (2011 prices) in Iceland, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 2003 | 44.9 international-$ in 2011 prices | — |
| 2004 | 45.92 international-$ in 2011 prices | +2.3% |
| 2005 | 47.9 international-$ in 2011 prices | +4.3% |
| 2006 | 54.9 international-$ in 2011 prices | +14.6% |
| 2007 | 57.98 international-$ in 2011 prices | +5.6% |
| 2008 | 60.42 international-$ in 2011 prices | +4.2% |
| 2009 | 50.72 international-$ in 2011 prices | -16.1% |
| 2010 | 45.02 international-$ in 2011 prices | -11.2% |
| 2011 | 45 international-$ in 2011 prices | -0.1% |
| 2012 | 45.94 international-$ in 2011 prices | +2.1% |
| 2013 | 46.94 international-$ in 2011 prices | +2.2% |
| 2014 | 49.52 international-$ in 2011 prices | +5.5% |
| 2015 | 52.88 international-$ in 2011 prices | +6.8% |
| 2016 | 57.29 international-$ in 2011 prices | +8.3% |
| 2017 | 59.36 international-$ in 2011 prices | +3.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 51.82 international-$ in 2011 prices | 44.9 international-$ in 2011 prices | 60.42 international-$ in 2011 prices | 7 |
| 2010s | 50.24 international-$ in 2011 prices | 45 international-$ in 2011 prices | 59.36 international-$ in 2011 prices | 8 |
Countries ranked near Iceland
- 4 Norway 71.67 international-$ in 2011 prices compare
- 5 Germany 62.48 international-$ in 2011 prices compare
- 6 Canada 60.61 international-$ in 2011 prices compare
- 8 Denmark 59.22 international-$ in 2011 prices compare
- 9 Republic of Korea 58.95 international-$ in 2011 prices compare
- 10 Austria 58.55 international-$ in 2011 prices 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)
- Exports of goods and services (current LCU), annual growth rate 2.27 % change on previous year (2025)
- Exports of goods and services (current LCU), per unit of GDP 51.52 current LCU per US$ of GDP (2025)
- Exports of goods and services (current LCU), per capita 5.07 million current LCU per person (2025)
- Exports of goods and services (constant 2015 US$), annual growth rate 0.9908 % change on previous year (2025)
- Exports of goods and services (constant 2015 US$), per unit of GDP 0.274 constant 2015 US$ per US$ of GDP (2025)
- Exports of goods and services (constant 2015 US$), per capita 26,937 constant 2015 US$ per person (2025)
- Gross fixed capital formation (current US$), annual growth rate 15.75 % change on previous year (2025)
- Gross fixed capital formation (current US$), per unit of GDP 0.2666 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is mean income or consumption per day (2011 prices) in Iceland?
- Mean income or consumption per day (2011 prices) in Iceland was 59.36 international-$ in 2011 prices in 2017, according to World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data.
- What is the highest mean income or consumption per day (2011 prices) recorded in Iceland?
- The highest recorded value was 60.42 international-$ in 2011 prices in 2008.
- What is the lowest mean income or consumption per day (2011 prices) recorded in Iceland?
- The lowest recorded value was 44.9 international-$ in 2011 prices in 2003.
- How does Iceland rank for mean income or consumption per day (2011 prices)?
- Iceland ranks 7th out of 119 countries with data for 2017.
- Is mean income or consumption per day (2011 prices) rising or falling in Iceland?
- Over the last ten years it is up 2.4%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data, published as part of Mean income or consumption per day (2011 prices). Statizoid updates them automatically from the source API.
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About this data
The mean is the average income or consumption of the population.