CPI country weights - OECD composition in Iceland
Iceland: CPI country weights - OECD composition was 0.0288 Percentage of OECD consumer price index in 2024. ▼ Falling
Latest (2024)
0.0288 Percentage of OECD consumer price index
Change on year
down 1.9%
World rank
30th
of 30 countries
All-time high
0.0368 Percentage of OECD consumer price index
in 1987
All-time low
0.0235 Percentage of OECD consumer price index
in 2010
Years of data
54
1970–2024
CPI country weights - OECD composition in Iceland, 1970–2024
Source: Organisation for Economic Co-operation and Development. Measured in Percentage of OECD consumer price index.
Analysis
Iceland recorded 0.0288 Percentage of OECD consumer price index for cpi country weights - oecd composition in 2024.
Compared with earlier readings it is down 1.9% on the previous year and up 18.7% over ten years.
Over the whole period, cpi country weights - oecd composition in Iceland peaked at 0.0368 Percentage of OECD consumer price index in 1987 and was at its lowest, 0.0235 Percentage of OECD consumer price index, in 2010.
That places Iceland 30th out of 30 countries with data for 2024, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 54 years of available data.
CPI country weights - OECD composition in Iceland, year by year
| Year | Percentage of OECD consumer price index | Change |
|---|---|---|
| 1970 | 0.0251 Percentage of OECD consumer price index | — |
| 1971 | 0.0282 Percentage of OECD consumer price index | +12.1% |
| 1972 | 0.0285 Percentage of OECD consumer price index | +1.2% |
| 1973 | 0.0284 Percentage of OECD consumer price index | -0.2% |
| 1974 | 0.0311 Percentage of OECD consumer price index | +9.4% |
| 1975 | 0.0274 Percentage of OECD consumer price index | -11.9% |
| 1976 | 0.0276 Percentage of OECD consumer price index | +0.7% |
| 1977 | 0.0301 Percentage of OECD consumer price index | +8.9% |
| 1978 | 0.0315 Percentage of OECD consumer price index | +4.7% |
| 1979 | 0.0313 Percentage of OECD consumer price index | -0.7% |
| 1980 | 0.0319 Percentage of OECD consumer price index | +2.1% |
| 1981 | 0.0334 Percentage of OECD consumer price index | +4.7% |
| 1982 | 0.0346 Percentage of OECD consumer price index | +3.5% |
| 1983 | 0.0317 Percentage of OECD consumer price index | -8.4% |
| 1984 | 0.0318 Percentage of OECD consumer price index | +0.2% |
| 1985 | 0.0319 Percentage of OECD consumer price index | +0.3% |
| 1986 | 0.0328 Percentage of OECD consumer price index | +3.0% |
| 1987 | 0.0368 Percentage of OECD consumer price index | +12.2% |
| 1988 | 0.034 Percentage of OECD consumer price index | -7.6% |
| 1989 | 0.0314 Percentage of OECD consumer price index | -7.6% |
| 1990 | 0.0294 Percentage of OECD consumer price index | -6.6% |
| 1991 | 0.0298 Percentage of OECD consumer price index | +1.5% |
| 1992 | 0.028 Percentage of OECD consumer price index | -5.9% |
| 1993 | 0.0263 Percentage of OECD consumer price index | -6.1% |
| 1995 | 0.0251 Percentage of OECD consumer price index | -4.4% |
| 1996 | 0.0251 Percentage of OECD consumer price index | -0.2% |
| 1997 | 0.026 Percentage of OECD consumer price index | +3.5% |
| 1998 | 0.0271 Percentage of OECD consumer price index | +4.4% |
| 1999 | 0.0284 Percentage of OECD consumer price index | +4.7% |
| 2000 | 0.0268 Percentage of OECD consumer price index | -5.7% |
| 2001 | 0.0254 Percentage of OECD consumer price index | -5.0% |
| 2002 | 0.0247 Percentage of OECD consumer price index | -2.9% |
| 2003 | 0.0251 Percentage of OECD consumer price index | +1.8% |
| 2004 | 0.0262 Percentage of OECD consumer price index | +4.3% |
| 2005 | 0.0281 Percentage of OECD consumer price index | +7.0% |
| 2006 | 0.0286 Percentage of OECD consumer price index | +2.0% |
| 2007 | 0.0296 Percentage of OECD consumer price index | +3.4% |
| 2008 | 0.0274 Percentage of OECD consumer price index | -7.3% |
| 2009 | 0.0248 Percentage of OECD consumer price index | -9.8% |
| 2010 | 0.0235 Percentage of OECD consumer price index | -5.0% |
| 2011 | 0.0238 Percentage of OECD consumer price index | +1.0% |
| 2012 | 0.0243 Percentage of OECD consumer price index | +2.1% |
| 2013 | 0.024 Percentage of OECD consumer price index | -1.0% |
| 2014 | 0.0243 Percentage of OECD consumer price index | +1.0% |
| 2015 | 0.024 Percentage of OECD consumer price index | -0.9% |
| 2016 | 0.0242 Percentage of OECD consumer price index | +0.8% |
| 2017 | 0.0254 Percentage of OECD consumer price index | +4.7% |
| 2018 | 0.026 Percentage of OECD consumer price index | +2.4% |
| 2019 | 0.0266 Percentage of OECD consumer price index | +2.3% |
| 2020 | 0.0285 Percentage of OECD consumer price index | +7.1% |
| 2021 | 0.0283 Percentage of OECD consumer price index | -0.4% |
| 2022 | 0.0294 Percentage of OECD consumer price index | +3.8% |
| 2023 | 0.0294 Percentage of OECD consumer price index | -0.2% |
| 2024 | 0.0288 Percentage of OECD consumer price index | -1.9% |
Iceland compared with similar countries
- Iceland's 0.0288 Percentage of OECD consumer price index is below the median for high income countries, which is 0.6801 Percentage of OECD consumer price index, 4% of the median. (27 countries reporting)
- Iceland's 0.0288 Percentage of OECD consumer price index is below the median for Europe & Central Asia, which is 0.6308 Percentage of OECD consumer price index, 5% of the median. (19 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 0.0289 Percentage of OECD consumer price index | 0.0251 Percentage of OECD consumer price index | 0.0315 Percentage of OECD consumer price index | 10 |
| 1980s | 0.033 Percentage of OECD consumer price index | 0.0314 Percentage of OECD consumer price index | 0.0368 Percentage of OECD consumer price index | 10 |
| 1990s | 0.0273 Percentage of OECD consumer price index | 0.0251 Percentage of OECD consumer price index | 0.0298 Percentage of OECD consumer price index | 9 |
| 2000s | 0.0267 Percentage of OECD consumer price index | 0.0247 Percentage of OECD consumer price index | 0.0296 Percentage of OECD consumer price index | 10 |
| 2010s | 0.0246 Percentage of OECD consumer price index | 0.0235 Percentage of OECD consumer price index | 0.0266 Percentage of OECD consumer price index | 10 |
| 2020s | 0.0289 Percentage of OECD consumer price index | 0.0283 Percentage of OECD consumer price index | 0.0294 Percentage of OECD consumer price index | 5 |
Countries ranked near Iceland
- 27 New Zealand 0.328 Percentage of OECD consumer price index compare
- 28 Costa Rica 0.1913 Percentage of OECD consumer price index compare
- 29 Luxembourg 0.0679 Percentage of OECD consumer price index compare
More reference data data for Iceland
- Emission Totals - Indirect emissions (N2O) - Manure applied to Soils 0.0288 (2050)
- Emission Totals - Indirect emissions (N2O) - Manure left on Pasture 0.0708 (2050)
- Emission Totals - Indirect emissions (N2O) - IPCC Agriculture 0.1854 (2050)
- Emission Totals - Indirect emissions (N2O) - Crop Residues 0.0001 (2050)
- Emission Totals - Indirect emissions (N2O) - Agricultural Soils 0.1854 (2050)
- Emission Totals - Emissions (N2O) - Manure applied to Soils 0.0964 (2050)
- Emission Totals - Emissions (N2O) - Manure Management 0.062 (2050)
- Emission Totals - Emissions (N2O) - Manure left on Pasture 0.2576 (2050)
- Emission Totals - Emissions (N2O) - IPCC Agriculture 0.7664 (2050)
- Emission Totals - Emissions (N2O) - Crop Residues 0.0005 (2050)
Frequently asked questions
- What is cpi country weights - oecd composition in Iceland?
- Cpi country weights - oecd composition in Iceland was 0.0288 Percentage of OECD consumer price index in 2024, according to Organisation for Economic Co-operation and Development.
- What is the highest cpi country weights - oecd composition recorded in Iceland?
- The highest recorded value was 0.0368 Percentage of OECD consumer price index in 1987.
- What is the lowest cpi country weights - oecd composition recorded in Iceland?
- The lowest recorded value was 0.0235 Percentage of OECD consumer price index in 2010.
- How does Iceland rank for cpi country weights - oecd composition?
- Iceland ranks 30th out of 30 countries with data for 2024.
- Is cpi country weights - oecd composition rising or falling in Iceland?
- Over the last ten years it is up 18.7%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of CPI country weights - OECD composition. Statizoid updates them automatically from the source API.
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About this data
This dataset contains country weights used for calculation of Consumer Prices aggregates for OECD total and G7 area. The weights are based on relative share of individual final consumption expenditure of households and non-profit institutions serving households expressed in Purchasing Power Parities (PPPs).