Median income or consumption per day (2011 prices) in Iceland
Iceland: Median income or consumption per day (2011 prices) was 53.28 international-$ in 2011 prices in 2017. ▲ Rising
Median 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
In 2017, median income or consumption per day (2011 prices) in Iceland stood at 53.28 international-$ in 2011 prices. That is the highest value across all 15 years on record.
Compared with earlier readings it is up 6.6% on the previous year and up 9.4% over ten years.
Over the whole period, median income or consumption per day (2011 prices) in Iceland peaked at 53.28 international-$ in 2011 prices in 2017 and was at its lowest, 39.18 international-$ in 2011 prices, in 2004.
Iceland ranks 6th 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.
Median income or consumption per day (2011 prices) in Iceland, year by year
| Year | international-$ in 2011 prices | Change |
|---|---|---|
| 2003 | 39.34 international-$ in 2011 prices | — |
| 2004 | 39.18 international-$ in 2011 prices | -0.4% |
| 2005 | 40.82 international-$ in 2011 prices | +4.2% |
| 2006 | 45.58 international-$ in 2011 prices | +11.7% |
| 2007 | 48.7 international-$ in 2011 prices | +6.9% |
| 2008 | 49.54 international-$ in 2011 prices | +1.7% |
| 2009 | 43.81 international-$ in 2011 prices | -11.6% |
| 2010 | 40.36 international-$ in 2011 prices | -7.9% |
| 2011 | 40.42 international-$ in 2011 prices | +0.2% |
| 2012 | 40.77 international-$ in 2011 prices | +0.9% |
| 2013 | 42.01 international-$ in 2011 prices | +3.0% |
| 2014 | 43.45 international-$ in 2011 prices | +3.4% |
| 2015 | 46.62 international-$ in 2011 prices | +7.3% |
| 2016 | 49.97 international-$ in 2011 prices | +7.2% |
| 2017 | 53.28 international-$ in 2011 prices | +6.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 43.85 international-$ in 2011 prices | 39.18 international-$ in 2011 prices | 49.54 international-$ in 2011 prices | 7 |
| 2010s | 44.61 international-$ in 2011 prices | 40.36 international-$ in 2011 prices | 53.28 international-$ in 2011 prices | 8 |
Countries ranked near Iceland
- 3 Switzerland 59.22 international-$ in 2011 prices compare
- 4 United States 57.26 international-$ in 2011 prices compare
- 5 Netherlands 53.46 international-$ in 2011 prices compare
- 7 Germany 52.75 international-$ in 2011 prices compare
- 8 Canada 51.92 international-$ in 2011 prices compare
- 9 Austria 51.51 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)
- Gross value added at basic prices (GVA) (current US$), annual growth 17.56 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current US$), per unit of GDP 0.8994 current US$ per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current US$), per capita 88,429 current US$ per person (2025)
- Gross value added at basic prices (GVA) (current LCU), annual growth 9.45 % change on previous year (2025)
- Gross value added at basic prices (GVA) (current LCU), per unit of GDP 115.52 current LCU per US$ of GDP (2025)
- Gross value added at basic prices (GVA) (current LCU), per capita 11.36 million current LCU per person (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), annual 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant 2015 US$), per unit 0.5382 constant 2015 US$ per US$ of GDP (2025)
Frequently asked questions
- What is median income or consumption per day (2011 prices) in Iceland?
- Median income or consumption per day (2011 prices) in Iceland was 53.28 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 median income or consumption per day (2011 prices) recorded in Iceland?
- The highest recorded value was 53.28 international-$ in 2011 prices in 2017.
- What is the lowest median income or consumption per day (2011 prices) recorded in Iceland?
- The lowest recorded value was 39.18 international-$ in 2011 prices in 2004.
- How does Iceland rank for median income or consumption per day (2011 prices)?
- Iceland ranks 6th out of 119 countries with data for 2017.
- Is median income or consumption per day (2011 prices) rising or falling in Iceland?
- Over the last ten years it is up 9.4%. 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 Median income or consumption per day (2011 prices). Statizoid updates them automatically from the source API.
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About this data
The median is the value of income or consumption below which 50% of the population live.