Iceland - GDP per capita (current US$) 1960 - 2022
Iceland's gdp per capita (current us$) is currently $72,902.98 USD (United States dollar) according to the most recent World Bank data for the country (2022).
Definition
GDP per capita is determined by dividing the gross domestic product by the population at midyear. GDP represents the total value generated by resident producers within the economy, inclusive of product taxes and excluding subsidies not factored into product value. This calculation does not consider deductions for asset depreciation, depletion, or degradation of natural resources. The data is presented in current U.S. dollars.- Iceland's gdp per capita (current us$) for 2022 was $72,902.98, a 6.28% increase from 2021, with a +$4,308 difference.
- In 2021 it was $68,594.01, a 16.63% increase from 2020, with a +$9,780 difference.
- In 2020 it was $58,813.80, a -14.02% increase from 2019.
- In 2019 it was $68,403.14, a -8.12% increase from 2018.
- In 2018 it was $74,452.19, a 3.39% increase from 2017.
Measure: Estimated Value
Average, Lowest, and Highest Recorded Values
The average gdp per capita (current us$), value for Iceland is currently $27,996.23 (average of years with recorded data) with a lowest recorded value of $1,414.98 in 1960 and a highest value of $74,452.19 in 2018.For comparison, the world wide [World Bank] aggregate for 1960 was $456.83 and in 2018 it was $11,290.10. Essentially, in 1960, Iceland contributed 309.74% to the world wide aggregate. While in 2018 it contributed 659.45% to the aggregate, recording a 112.90% increase in amounts contributed within the 58-year period. Nonetheless, the country recorded a 5,161.70% increase in gdp per capita (current us$) within the same period.
Similarly, from 1960 (when the lowest value was recorded) to 2022, Iceland recorded a 5,052.21% increase in gdp per capita (current us$). The world aggregate recorded a 2,668.55% growth in the same period.
Iceland's GDP per capita (current US$) - Historical Data
| Year | GDP per capita (current US$) | Average Growth Rate (%) |
|---|---|---|
| 1960 | $1,414.98 | |
| 1961 | $1,418.12 | 0.22% |
| 1962 | $1,562.23 | 10.16% |
| 1963 | $1,831.71 | 17.25% |
| 1964 | $2,297.92 | 25.45% |
| 1965 | $2,723.52 | 18.52% |
| 1966 | $3,215.69 | 18.07% |
| 1967 | $3,125.65 | -2.80% |
| 1968 | $2,354.48 | -24.67% |
| 1969 | $2,039.20 | -13.39% |
| 1970 | $2,576.35 | 26.34% |
| 1971 | $3,252.10 | 26.23% |
| 1972 | $4,014.83 | 23.45% |
| 1973 | $5,437.09 | 35.43% |
| 1974 | $7,040.44 | 29.49% |
| 1975 | $6,454.18 | -8.33% |
| 1976 | $7,583.21 | 17.49% |
| 1977 | $9,957.25 | 31.31% |
| 1978 | $11,236.70 | 12.85% |
| 1979 | $12,640.64 | 12.49% |
| 1980 | $14,821.69 | 17.25% |
| 1981 | $15,137.29 | 2.13% |
| 1982 | $13,711.70 | -9.42% |
| 1983 | $11,671.82 | -14.88% |
| 1984 | $11,959.52 | 2.46% |
| 1985 | $12,361.20 | 3.36% |
| 1986 | $16,406.06 | 32.72% |
| 1987 | $22,453.20 | 36.86% |
| 1988 | $24,451.98 | 8.90% |
| 1989 | $22,434.35 | -8.25% |
| 1990 | $25,384.93 | 13.15% |
| 1991 | $26,802.97 | 5.59% |
| 1992 | $27,124.26 | 1.20% |
| 1993 | $23,579.80 | -13.07% |
| 1994 | $24,018.64 | 1.86% |
| 1995 | $26,633.61 | 10.89% |
| 1996 | $27,614.88 | 3.68% |
| 1997 | $27,919.19 | 1.10% |
| 1998 | $31,030.04 | 11.14% |
| 1999 | $32,381.63 | 4.36% |
| 2000 | $32,096.37 | -0.88% |
| 2001 | $28,897.44 | -9.97% |
| 2002 | $32,409.23 | 12.15% |
| 2003 | $39,476.71 | 21.81% |
| 2004 | $47,334.95 | 19.91% |
| 2005 | $56,794.88 | 19.99% |
| 2006 | $57,492.93 | 1.23% |
| 2007 | $69,495.73 | 20.88% |
| 2008 | $56,943.36 | -18.06% |
| 2009 | $41,301.28 | -27.47% |
| 2010 | $43,237.07 | 4.69% |
| 2011 | $47,714.59 | 10.36% |
| 2012 | $45,995.55 | -3.60% |
| 2013 | $49,804.98 | 8.28% |
| 2014 | $54,576.74 | 9.58% |
| 2015 | $52,951.68 | -2.98% |
| 2016 | $61,987.93 | 17.07% |
| 2017 | $72,010.15 | 16.17% |
| 2018 | $74,452.19 | 3.39% |
| 2019 | $68,403.14 | -8.12% |
| 2020 | $58,813.80 | -14.02% |
| 2021 | $68,594.01 | 16.63% |
| 2022 | $72,902.98 | 6.28% |
Expand
Comparison with Countries in the Europe & Central Asia Region.
Among countries in the same World Bank Europe & Central Asia (ECA) region, Iceland comes in 8th with $72,903.00 gdp per capita (current us$).
- Within the same region, Monaco comes in 1st with $234,317.00, gdp per capita (current us$).
- Liechtenstein comes in 2nd with $184,083.00.
- Luxembourg comes in 3rd with $126,426.00.
- Norway comes in 4th with $106,149.00.
- Ireland comes in 5th with $104,039.00.
- Switzerland comes in 6th with $92,101.50.
- Isle of Man comes in 7th with $79,530.60.
- Faroe Islands comes in 9th with $69,010.20.
- Denmark comes in 10th with $66,983.10.
- Greenland comes in 11th with $57,116.40.
- Netherlands comes in 12th with $55,985.40.
- Sweden comes in 13th with $55,873.20.
- San Marino comes in 14th with $54,982.50.
- Austria comes in 15th with $52,131.40.
- Finland comes in 16th with $50,536.60.
- Belgium comes in 17th with $49,582.80.
- And Germany comes in 18th with $48,432.50, gdp per capita (current us$).
GDP per capita (current US$), Top 10 Countries in the Europe & Central Asia Region.
Top 10 Countries in the Europe & Central Asia Region.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Monaco | $234,317.00 | 2021 |
| 2 | Liechtenstein | $184,083.00 | 2021 |
| 3 | Luxembourg | $126,426.00 | 2022 |
| 4 | Norway | $106,149.00 | 2022 |
| 5 | Ireland | $104,039.00 | 2022 |
| 6 | Switzerland | $92,101.50 | 2022 |
| 7 | Isle of Man | $79,530.60 | 2020 |
| 8 | Iceland | $72,903.00 | 2022 |
| 9 | Faroe Islands | $69,010.20 | 2021 |
| 10 | Denmark | $66,983.10 | 2022 |
Comparison with Countries in the High income Group.
Among countries in the same World Bank High income (HI) group, Iceland comes in 13th with $72,903.00 gdp per capita (current us$).
- Within the same income group, Luxembourg comes in 3rd with $126,426.00, gdp per capita (current us$).
- Bermuda comes in 4th with $118,846.00.
- Norway comes in 5th with $106,149.00.
- Ireland comes in 6th with $104,039.00.
- Switzerland comes in 7th with $92,101.50.
- Cayman Islands comes in 8th with $88,475.60.
- Qatar comes in 9th with $88,046.30.
- Singapore comes in 10th with $82,807.60.
- Isle of Man comes in 11th with $79,530.60.
- United States comes in 12th with $76,398.60.
- Faroe Islands comes in 14th with $69,010.20.
- Denmark comes in 15th with $66,983.10.
- Australia comes in 16th with $64,491.40.
- Greenland comes in 17th with $57,116.40.
- Netherlands comes in 18th with $55,985.40.
- Sweden comes in 19th with $55,873.20.
- San Marino comes in 20th with $54,982.50.
- Canada comes in 21st with $54,966.50.
- Israel comes in 22nd with $54,659.80.
- And United Arab Emirates comes in 23rd with $53,757.90, gdp per capita (current us$).
GDP per capita (current US$), Top 14 Countries in the High income Group.
Top 14 Countries in the High income Group.
| # | Country | GDP per capita (current US$) | Year |
|---|---|---|---|
| 1 | Monaco | $234,317.00 | 2021 |
| 2 | Liechtenstein | $184,083.00 | 2021 |
| 3 | Luxembourg | $126,426.00 | 2022 |
| 4 | Bermuda | $118,846.00 | 2022 |
| 5 | Norway | $106,149.00 | 2022 |
| 6 | Ireland | $104,039.00 | 2022 |
| 7 | Switzerland | $92,101.50 | 2022 |
| 8 | Cayman Islands | $88,475.60 | 2021 |
| 9 | Qatar | $88,046.30 | 2022 |
| 10 | Singapore | $82,807.60 | 2022 |
| 11 | Isle of Man | $79,530.60 | 2020 |
| 12 | United States | $76,398.60 | 2022 |
| 13 | Iceland | $72,903.00 | 2022 |
| 14 | Faroe Islands | $69,010.20 | 2021 |