Mean income or consumption per day (2011 prices) in Iceland

Iceland: Mean income or consumption per day (2011 prices) was 59.36 international-$ in 2011 prices in 2017. ▲ Rising

Latest (2017)
59.36 international-$ in 2011 prices
Change on year
up 3.6%
World rank
7th
of 119 countries
All-time high
60.42 international-$ in 2011 prices
in 2008
All-time low
44.9 international-$ in 2011 prices
in 2003
Years of data
15
2003–2017

Mean income or consumption per day (2011 prices) in Iceland, 2003–2017

02040602003201020172003: 44.9 international-$ in 2011 prices2004: 45.9 international-$ in 2011 prices2005: 47.9 international-$ in 2011 prices2006: 54.9 international-$ in 2011 prices2007: 58 international-$ in 2011 prices2008: 60.4 international-$ in 2011 prices2009: 50.7 international-$ in 2011 prices2010: 45 international-$ in 2011 prices2011: 45 international-$ in 2011 prices2012: 45.9 international-$ in 2011 prices2013: 46.9 international-$ in 2011 prices2014: 49.5 international-$ in 2011 prices2015: 52.9 international-$ in 2011 prices2016: 57.3 international-$ in 2011 prices2017: 59.4 international-$ in 2011 prices

Source: World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data. Measured in international-$ in 2011 prices.

Analysis

Iceland recorded 59.36 international-$ in 2011 prices for mean income or consumption per day (2011 prices) in 2017.

That represents a change of up 3.6% on the previous year and up 2.4% over ten years.

Over the whole period, mean income or consumption per day (2011 prices) in Iceland peaked at 60.42 international-$ in 2011 prices in 2008 and was at its lowest, 44.9 international-$ in 2011 prices, in 2003.

That places Iceland 7th out of 119 countries with data for 2017, putting it in the top 10%.

The long-run direction has been consistently rising across the 15 years of available data.

Averages by decade

DecadeAverage LowestHighest Years
2000s 51.82 international-$ in 2011 prices 44.9 international-$ in 2011 prices 60.42 international-$ in 2011 prices 7
2010s 50.24 international-$ in 2011 prices 45 international-$ in 2011 prices 59.36 international-$ in 2011 prices 8

Countries ranked near Iceland

  1. 4 Norway 71.67 international-$ in 2011 prices compare
  2. 5 Germany 62.48 international-$ in 2011 prices compare
  3. 6 Canada 60.61 international-$ in 2011 prices compare
  4. 8 Denmark 59.22 international-$ in 2011 prices compare
  5. 9 South Korea 58.95 international-$ in 2011 prices compare
  6. 10 Austria 58.55 international-$ in 2011 prices compare

See the full ranking of 119 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is mean income or consumption per day (2011 prices) in Iceland?
Mean income or consumption per day (2011 prices) in Iceland was 59.36 international-$ in 2011 prices in 2017, according to World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data.
What is the highest mean income or consumption per day (2011 prices) recorded in Iceland?
The highest recorded value was 60.42 international-$ in 2011 prices in 2008.
What is the lowest mean income or consumption per day (2011 prices) recorded in Iceland?
The lowest recorded value was 44.9 international-$ in 2011 prices in 2003.
How does Iceland rank for mean income or consumption per day (2011 prices)?
Iceland ranks 7th out of 119 countries with data for 2017.
Is mean income or consumption per day (2011 prices) rising or falling in Iceland?
Over the last ten years it is up 2.4%. The long-run trend across the full record is rising.
Where does this Iceland data come from?
The figures come from World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data, published as part of Mean income or consumption per day (2011 prices). Statizoid updates them automatically from the source API.

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About this data

Indicator
Mean income or consumption per day (2011 prices)
Unit
international-$ in 2011 prices
Source
World Bank Poverty and Inequality Platform (2024) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
119 places, 2,016 data points, 1963–2023
Last refreshed

The mean is the average income or consumption of the population.