Relative median income ratio in Iceland
Iceland: Relative median income ratio was 0.99 in 2022. ▲ Rising
Latest (2022)
0.99
Change on year
up 4.2%
World rank
5th
of 37 countries
All-time high
1.04
in 2010
All-time low
0.85
in 2004
Years of data
19
2004–2022
Relative median income ratio in Iceland, 2004–2022
Source: Eurostat.
Analysis
In 2022, relative median income ratio in Iceland stood at 0.99.
The figure is up 4.2% on the previous year and up 1.0% over ten years.
Over the whole period, relative median income ratio in Iceland peaked at 1.04 in 2010 and was at its lowest, 0.85, in 2004.
Iceland ranks 5th of 37 countries on this measure, in the top quarter.
The long-run direction has been consistently rising across the 19 years of available data.
Relative median income ratio in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2004 | 0.85 | — |
| 2005 | 0.89 | +4.7% |
| 2006 | 0.89 | +0.0% |
| 2007 | 0.87 | -2.2% |
| 2008 | 0.9 | +3.4% |
| 2009 | 1.02 | +13.3% |
| 2010 | 1.04 | +2.0% |
| 2011 | 0.97 | -6.7% |
| 2012 | 0.98 | +1.0% |
| 2013 | 0.98 | +0.0% |
| 2014 | 1 | +2.0% |
| 2015 | 1.01 | +1.0% |
| 2016 | 0.99 | -2.0% |
| 2017 | 0.99 | +0.0% |
| 2018 | 0.99 | +0.0% |
| 2019 | 0.99 | +0.0% |
| 2020 | 1.01 | +2.0% |
| 2021 | 0.95 | -5.9% |
| 2022 | 0.99 | +4.2% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.9033 | 0.85 | 1.02 | 6 |
| 2010s | 0.994 | 0.97 | 1.04 | 10 |
| 2020s | 0.9833 | 0.95 | 1.01 | 3 |
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)
- 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)
- Gross value added at basic prices (GVA) (constant 2015 US$), per 52,920 constant 2015 US$ per person (2025)
- Gross value added at basic prices (GVA) (constant LCU), annual growth 1.28 % change on previous year (2025)
- Gross value added at basic prices (GVA) (constant LCU), per unit of 83.85 constant LCU per US$ of GDP (2025)
Frequently asked questions
- What is relative median income ratio in Iceland?
- Relative median income ratio in Iceland was 0.99 in 2022, according to Eurostat.
- What is the highest relative median income ratio recorded in Iceland?
- The highest recorded value was 1.04 in 2010.
- What is the lowest relative median income ratio recorded in Iceland?
- The lowest recorded value was 0.85 in 2004.
- How does Iceland rank for relative median income ratio?
- Iceland ranks 5th out of 37 countries with data for 2022.
- Is relative median income ratio rising or falling in Iceland?
- Over the last ten years it is up 1.0%. 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 Relative median income ratio (60+). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 19 observations, free to reuse under CC BY 4.0 (Eurostat).