Purchasing power: based on COICOP 1999 in Iceland
Iceland: Purchasing power: based on COICOP 1999 was 228.34 in 2024. ▲ Rising
Latest (2024)
228.34
Change on year
up 3.0%
World rank
2nd
of 51 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 51 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: based on COICOP 1999 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% |
Iceland compared with similar countries
- Iceland's 228.34 is above the median for Europe & Central Asia, which is 1.15, 197.8× the median. (35 countries reporting)
- Iceland's 228.34 is above the median for high income countries, which is 1.15, 198.9× the median. (33 countries reporting)
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
- 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 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 51 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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