Australia vs Iceland: National comprehensive wealth per capita index
Australia
851,877 real chained 2019 US$
in 2020
Iceland
1.03 million real chained 2019 US$
in 2020
Australia rank
6th
Iceland rank
3rd
National comprehensive wealth per capita index over time
- Australia
- Iceland
How they compare
Iceland currently reports 1.03 million real chained 2019 US$ against 851,877 real chained 2019 US$ in Australia, a difference of 180,533 real chained 2019 US$.
That makes Iceland's figure about 1.2 times Australia's.
The two have swapped places 2 times across 26 shared years of data; in 1995 it was Iceland ahead.
Australia ranks 6th and Iceland ranks 3rd of 150 countries.
Iceland has averaged higher in every one of the 4 decades both report.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1990s | 642,319 real chained 2019 US$ | 822,853 real chained 2019 US$ | 180,533 real chained 2019 US$ | Iceland |
| 2000s | 704,601 real chained 2019 US$ | 780,402 real chained 2019 US$ | 75,802 real chained 2019 US$ | Iceland |
| 2010s | 807,465 real chained 2019 US$ | 840,988 real chained 2019 US$ | 33,522 real chained 2019 US$ | Iceland |
| 2020s | 851,877 real chained 2019 US$ | 1.03 million real chained 2019 US$ | 180,533 real chained 2019 US$ | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher national comprehensive wealth per capita index, Australia or Iceland?
- Iceland, at 1.03 million real chained 2019 US$ against 851,877 real chained 2019 US$ in Australia as of 2020.
- What is the difference in national comprehensive wealth per capita index between Australia and Iceland?
- 180,533 real chained 2019 US$, with Iceland ahead.
- How many years of comparable data are there for Australia and Iceland?
- 26 years are reported by both, from 1995 to 2020.
- How do Australia and Iceland rank globally for national comprehensive wealth per capita index?
- Australia ranks 6th and Iceland ranks 3rd of 150 countries.
- Where does this data come from?
- World Bank. 2021. The Changing Wealth of Nations 2021: Managing Assets for the Future. Washington, DC: World Bank. doi:10.1596/978-1-4648-1590-4, published as National comprehensive wealth per capita index (real chained 2019 US$). Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Total wealth is calculated as the sum of produced capital, natural capital, human capital, and net foreign assets. Values are measured at market exchange rates in constant 2018 US dollars, using a country-specific GDP deflator.