Iceland vs Lower middle income: Real Effective Exchange Rate
Iceland
139.92
in 2018
Lower middle income
100.55
in 2024
Iceland rank
3rd
Lower middle income rank
4th
Real Effective Exchange Rate over time
- Iceland
- Lower middle income
How they compare
Iceland currently reports 139.92 against 100.55 in Lower middle income, a difference of 39.37.
That makes Iceland's figure about 1.4 times Lower middle income's.
The two have swapped places 2 times across 19 shared years of data; in 2000 it was Iceland ahead.
Iceland ranks 3rd and Lower middle income ranks 4th of 107 countries.
Iceland has averaged higher in every one of the 2 decades both report.
Head to head by decade
| Decade | Iceland | Lower middle income | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 133.44 | 88.62 | 44.82 | Iceland |
| 2010s | 115.77 | 102.73 | 13.04 | Iceland |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher real effective exchange rate, Iceland or Lower middle income?
- Iceland, at 139.92 against 100.55 in Lower middle income as of 2018.
- What is the difference in real effective exchange rate between Iceland and Lower middle income?
- 39.37, with Iceland ahead.
- How many years of comparable data are there for Iceland and Lower middle income?
- 19 years are reported by both, from 2000 to 2018.
- How do Iceland and Lower middle income rank globally for real effective exchange rate?
- Iceland ranks 3rd and Lower middle income ranks 4th of 107 countries.
- Where does this data come from?
- World Bank staff calculations based on Datastream and IMF International Finance Statistics data, published as Real Effective Exchange Rate. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Real effective exchange rate is the nominal effective exchange rate (a measure of the value of a currency against a weighted average of several foreign currencies) divided by a price deflator or index of costs.