Persons who cannot afford to spend a small amount of money each week in Iceland
Iceland: Persons who cannot afford to spend a small amount of money each week was 5.2% in 2020. ▼ Falling
Latest (2020)
5.2%
Change on year
down 3.7%
World rank
40th
of 47 countries
All-time high
8.6%
in 2014
All-time low
3.9%
in 2018
Years of data
7
2014–2020
Persons who cannot afford to spend a small amount of money each week in Iceland, 2014–2020
Source: Eurostat. Measured in Percentage.
Analysis
In 2020, persons who cannot afford to spend a small amount of money each week in Iceland stood at 5.2%.
That represents a change of down 3.7% on the previous year and down 39.5% over ten years.
Iceland ranks 40th of 47 countries on this measure, in the bottom quarter.
Persons who cannot afford to spend a small amount of money each week in Iceland, year by year
| Year | Percentage | Change |
|---|---|---|
| 2014 | 8.6% | — |
| 2015 | 8.1% | -5.8% |
| 2016 | 5.0% | -38.3% |
| 2017 | 4.6% | -8.0% |
| 2018 | 3.9% | -15.2% |
| 2019 | 5.4% | +38.5% |
| 2020 | 5.2% | -3.7% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2010s | 5.9% | 3.9% | 8.6% | 6 |
| 2020s | 5.2% | 5.2% | 5.2% | 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 persons who cannot afford to spend a small amount of money each week in Iceland?
- Persons who cannot afford to spend a small amount of money each week in Iceland was 5.2% in 2020, according to Eurostat.
- What is the highest persons who cannot afford to spend a small amount of money each week recorded in Iceland?
- The highest recorded value was 8.6% in 2014.
- What is the lowest persons who cannot afford to spend a small amount of money each week recorded in Iceland?
- The lowest recorded value was 3.9% in 2018.
- How does Iceland rank for persons who cannot afford to spend a small amount of money each week?
- Iceland ranks 40th out of 47 countries with data for 2020.
- Is persons who cannot afford to spend a small amount of money each week rising or falling in Iceland?
- Over the last ten years it is down 39.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Eurostat, published as part of Persons who cannot afford to spend a small amount of money each week on themselves by age, sex and income group. Statizoid updates them automatically from the source API.
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