Real labour productivity by main economic activity (ROPI-adjusted for) in Iceland
Iceland: Real labour productivity by main economic activity (ROPI-adjusted for) was 93,941 US dollars per worker, PPP converted in 2018. ▲ Rising
Real labour productivity by main economic activity (ROPI-adjusted for) in Iceland, 1995–2018
Source: Organisation for Economic Co-operation and Development. Measured in US dollars per worker, PPP converted.
Analysis
In 2018, real labour productivity by main economic activity (ropi-adjusted for) in Iceland stood at 93,941 US dollars per worker, PPP converted.
Compared with earlier readings it is up 0.2% on the previous year and up 0.1% over ten years.
Over the whole period, real labour productivity by main economic activity (ropi-adjusted for) in Iceland peaked at 94,488 US dollars per worker, PPP converted in 2016 and was at its lowest, 60,277 US dollars per worker, PPP converted, in 1995.
That places Iceland 18th out of 41 countries with data for 2018, putting it in the middle of the range.
The long-run direction has been consistently rising across the 24 years of available data.
Real labour productivity by main economic activity (ROPI-adjusted for) in Iceland, year by year
| Year | US dollars per worker, PPP converted | Change |
|---|---|---|
| 1995 | 60,277 US dollars per worker, PPP converted | — |
| 1996 | 61,955 US dollars per worker, PPP converted | +2.8% |
| 1997 | 70,701 US dollars per worker, PPP converted | +14.1% |
| 1998 | 72,751 US dollars per worker, PPP converted | +2.9% |
| 1999 | 72,936 US dollars per worker, PPP converted | +0.3% |
| 2000 | 75,091 US dollars per worker, PPP converted | +3.0% |
| 2001 | 76,760 US dollars per worker, PPP converted | +2.2% |
| 2002 | 78,423 US dollars per worker, PPP converted | +2.2% |
| 2003 | 80,027 US dollars per worker, PPP converted | +2.0% |
| 2004 | 87,054 US dollars per worker, PPP converted | +8.8% |
| 2005 | 88,957 US dollars per worker, PPP converted | +2.2% |
| 2006 | 88,782 US dollars per worker, PPP converted | -0.2% |
| 2007 | 93,032 US dollars per worker, PPP converted | +4.8% |
| 2008 | 93,829 US dollars per worker, PPP converted | +0.9% |
| 2009 | 93,304 US dollars per worker, PPP converted | -0.6% |
| 2010 | 90,178 US dollars per worker, PPP converted | -3.4% |
| 2011 | 91,616 US dollars per worker, PPP converted | +1.6% |
| 2012 | 91,809 US dollars per worker, PPP converted | +0.2% |
| 2013 | 92,137 US dollars per worker, PPP converted | +0.4% |
| 2014 | 92,075 US dollars per worker, PPP converted | -0.1% |
| 2015 | 93,459 US dollars per worker, PPP converted | +1.5% |
| 2016 | 94,488 US dollars per worker, PPP converted | +1.1% |
| 2017 | 93,721 US dollars per worker, PPP converted | -0.8% |
| 2018 | 93,941 US dollars per worker, PPP converted | +0.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 67,724 US dollars per worker, PPP converted | 60,277 US dollars per worker, PPP converted | 72,936 US dollars per worker, PPP converted | 5 |
| 2000s | 85,526 US dollars per worker, PPP converted | 75,091 US dollars per worker, PPP converted | 93,829 US dollars per worker, PPP converted | 10 |
| 2010s | 92,603 US dollars per worker, PPP converted | 90,178 US dollars per worker, PPP converted | 94,488 US dollars per worker, PPP converted | 9 |
Countries ranked near Iceland
- 15 Malta 97,720 US dollars per worker, PPP converted compare
- 16 Canada 97,408 US dollars per worker, PPP converted compare
- 17 Finland 96,638 US dollars per worker, PPP converted compare
- 19 United Kingdom of Great Britain and Northern Ireland 93,661 US dollars per worker, PPP converted compare
- 20 Spain 93,652 US dollars per worker, PPP converted compare
- 21 Cyprus 88,438 US dollars per worker, PPP converted 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 real labour productivity by main economic activity (ropi-adjusted for) in Iceland?
- Real labour productivity by main economic activity (ropi-adjusted for) in Iceland was 93,941 US dollars per worker, PPP converted in 2018, according to Organisation for Economic Co-operation and Development.
- What is the highest real labour productivity by main economic activity (ropi-adjusted for) recorded in Iceland?
- The highest recorded value was 94,488 US dollars per worker, PPP converted in 2016.
- What is the lowest real labour productivity by main economic activity (ropi-adjusted for) recorded in Iceland?
- The lowest recorded value was 60,277 US dollars per worker, PPP converted in 1995.
- How does Iceland rank for real labour productivity by main economic activity (ropi-adjusted for)?
- Iceland ranks 18th out of 41 countries with data for 2018.
- Is real labour productivity by main economic activity (ropi-adjusted for) rising or falling in Iceland?
- Over the last ten years it is up 0.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Real labour productivity by main economic activity (ROPI-adjusted for inflation) - Regions. Statizoid updates them automatically from the source API.
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About this data
This dataset provides indicators on labour productivity for large and small regions. Real values are deflation-adjusted using the Regional Producer Price Index (ROPI), where available. Data source and definition Labour productivity is measured as gross value added per employment at place of work by main economic activity. Regional gross value added and employment data are collected from Eurostat (reg_eco10) for EU countries and via delegates of the OECD Working Party on Territorial Indicators (WPTI), as well as from national statistical offices' websites. In order to allow comparability over time and across countries, data in current prices are transformed into constant prices and PPP measures. Definition of regions Regions are subnational units below national boundaries. OECD countries have two regional levels: large regions (territorial level 2 or TL2) and small regions (territorial level 3 or TL3). For more information, see the OECD Territorial grid (pdf) and the OECD Territorial Correspondence Table (xlsx). Use of economic data on small regions When economic analyses are carried out at the TL3 level, it is advisable to aggregate data at the metropolitan region level when several TL3 regions are associated to the same metropolitan region. Metropolitan regions combine TL3 regions when 50% or more of the regional population live in a functionnal urban areas above 250 000 inhabitants. This approach corrects the distortions created by commuting. Correspondence between TL3 and metropolitan regions:(xlsx). Small regions (TL3) are categorized based on shared characteristics into regional typologies. See the economic indicators aggregated by territorial typology at country level on the access to City typology (link) and by urban-rural typology (link). Cite this dataset OECD Regions, Cities and Local Areas database http://oe.cd/geostats. Further information OECD Regions and Cities Statistical Atlas OECD Regions and Cities at a Glance For questions and/or comments, please email RegionStat@oecd.org.