Purchasing power parities, price level indices, nominal and real in Iceland
Iceland: Purchasing power parities, price level indices, nominal and real was 228.34 in 2024. ▲ Rising
Latest (2024)
228.34
Change on year
up 3.0%
World rank
2nd
of 49 countries
All-time high
228.34
in 2024
All-time low
85.89
in 1995
Years of data
30
1995–2024
Purchasing power parities, price level indices, nominal and real in Iceland, 1995–2024
Source: Eurostat.
Analysis
Iceland recorded 228.34 for purchasing power parities, price level indices, nominal and real in 2024. That is the highest value across all 30 years on record.
That represents a change of up 3.0% on the previous year and up 18.1% over ten years.
Over the whole period, purchasing power parities, price level indices, nominal and real in Iceland peaked at 228.34 in 2024 and was at its lowest, 85.89, in 1995.
That places Iceland 2nd out of 49 countries with data for 2024, putting it in the top 10%.
The long-run direction has been consistently rising across the 30 years of available data.
Purchasing power parities, price level indices, nominal and real in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1995 | 85.89 | — |
| 1996 | 87.48 | +1.8% |
| 1997 | 88.04 | +0.6% |
| 1998 | 92.13 | +4.6% |
| 1999 | 94.83 | +2.9% |
| 2000 | 101.98 | +7.5% |
| 2001 | 106.67 | +4.6% |
| 2002 | 111.12 | +4.2% |
| 2003 | 112.77 | +1.5% |
| 2004 | 114.17 | +1.2% |
| 2005 | 117 | +2.5% |
| 2006 | 127.83 | +9.3% |
| 2007 | 135.95 | +6.4% |
| 2008 | 147.58 | +8.6% |
| 2009 | 161.49 | +9.4% |
| 2010 | 175.57 | +8.7% |
| 2011 | 181.36 | +3.3% |
| 2012 | 185.47 | +2.3% |
| 2013 | 189.83 | +2.3% |
| 2014 | 193.3 | +1.8% |
| 2015 | 197.46 | +2.2% |
| 2016 | 201.58 | +2.1% |
| 2017 | 201.31 | -0.1% |
| 2018 | 207.91 | +3.3% |
| 2019 | 213.23 | +2.6% |
| 2020 | 224.27 | +5.2% |
| 2021 | 223.55 | -0.3% |
| 2022 | 220.81 | -1.2% |
| 2023 | 221.78 | +0.4% |
| 2024 | 228.34 | +3.0% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 89.67 | 85.89 | 94.83 | 5 |
| 2000s | 123.66 | 101.98 | 161.49 | 10 |
| 2010s | 194.7 | 175.57 | 213.23 | 10 |
| 2020s | 223.75 | 220.81 | 228.34 | 5 |
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)
- Industry (including construction), value added (constant 2015 US$) -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant 2015 US$) 0.1135 constant 2015 US$ per US$ of GDP (2025)
- Industry (including construction), value added (constant 2015 US$) 11,161 constant 2015 US$ per person (2025)
- Industry (including construction), value added (constant LCU), annual -1.23 % change on previous year (2025)
- Industry (including construction), value added (constant LCU), per 17.85 constant LCU per US$ of GDP (2025)
- Industry (including construction), value added (constant LCU), per 1.75 million constant LCU per person (2025)
- Services, value added (current US$), annual growth rate 17.85 % change on previous year (2025)
- Services, value added (current US$), per unit of GDP 0.6623 current US$ per US$ of GDP (2025)
Frequently asked questions
- What is purchasing power parities, price level indices, nominal and real in Iceland?
- Purchasing power parities, price level indices, nominal and real in Iceland was 228.34 in 2024, according to Eurostat.
- What is the highest purchasing power parities, price level indices, nominal and real recorded in Iceland?
- The highest recorded value was 228.34 in 2024.
- What is the lowest purchasing power parities, price level indices, nominal and real recorded in Iceland?
- The lowest recorded value was 85.89 in 1995.
- How does Iceland rank for purchasing power parities, price level indices, nominal and real?
- Iceland ranks 2nd out of 49 countries with data for 2024.
- Is purchasing power parities, price level indices, nominal and real rising or falling in Iceland?
- Over the last ten years it is up 18.1%. 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 Purchasing power parities, price level indices, nominal and real expenditures by analytical categories - based on COICOP 1999. Statizoid updates them automatically from the source API.
Download this data
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