Income share of the richest 1% (before tax) in Iceland
Iceland: Income share of the richest 1% (before tax) was 8.6% in 2016. ▬ Flat
Income share of the richest 1% (before tax) in Iceland, 1991–2016
Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data. Measured in %.
Analysis
The most recent figure for income share of the richest 1% (before tax) in Iceland is 8.6%, measured in 2016.
Compared with earlier readings it is up 1.1% on the previous year and down 19.0% over ten years.
Over the whole period, income share of the richest 1% (before tax) in Iceland peaked at 14.5% in 2007 and was at its lowest, 5.6%, in 2010.
That places Iceland 107th out of 113 countries with data for 2016, putting it in the bottom quarter.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 7.8% | 7.6% | 8.2% | 9 |
| 2000s | 10.0% | 6.6% | 14.5% | 10 |
| 2010s | 7.4% | 5.6% | 8.6% | 7 |
Countries ranked near Iceland
More reference data data for Iceland
- Temperature anomalies by month -0.09 °C (2026)
- Summer temperature anomalies 0.1076 °C (2026)
- Spring temperature anomalies -0.5453 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.653 °C (2025)
- Winter temperature anomalies 3.5 °C (2025)
- Democracy 7 (2025)
- Universal right to vote 2 (2025)
- Consumer price index 179.82 2010 = 100 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is income share of the richest 1% (before tax) in Iceland?
- Income share of the richest 1% (before tax) in Iceland was 8.6% in 2016, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
- What is the highest income share of the richest 1% (before tax) recorded in Iceland?
- The highest recorded value was 14.5% in 2007.
- What is the lowest income share of the richest 1% (before tax) recorded in Iceland?
- The lowest recorded value was 5.6% in 2010.
- How does Iceland rank for income share of the richest 1% (before tax)?
- Iceland ranks 107th out of 113 countries with data for 2016.
- Is income share of the richest 1% (before tax) rising or falling in Iceland?
- Over the last ten years it is down 19.0%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from World Inequality Database (WID.world) (2026) – with major processing by Our World in Data, published as part of Income share of the richest 1% (before tax). Statizoid updates them automatically from the source API.
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About this data
The share of income received by the richest 1%. Income here is measured before taxes and benefits.