Incomes of the richest in Iceland

Iceland: Incomes of the richest was 8.55 in 2016. ▬ Flat

Latest (2016)
8.55
Change on year
up 1.1%
World rank
107th
of 113 countries
All-time high
14.49
in 2007
All-time low
5.62
in 2010
Years of data
26
1991–2016

Incomes of the richest in Iceland, 1991–2016

0510151991200320161991: 7.61992: 7.81993: 7.71994: 7.71995: 7.71996: 7.71997: 7.81998: 7.91999: 8.22000: 8.52001: 10.32002: 11.12003: 11.12004: 9.32005: 10.12006: 10.62007: 14.52008: 7.62009: 6.62010: 5.62011: 5.92012: 6.42013: 8.42014: 8.62015: 8.52016: 8.6

Source: Our World in Data.

Analysis

The most recent figure for incomes of the richest in Iceland is 8.55, 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, incomes of the richest in Iceland peaked at 14.49 in 2007 and was at its lowest, 5.62, in 2010.

That places Iceland 107th out of 113 countries with data for 2016, putting it in the bottom quarter.

Incomes of the richest in Iceland, year by year

Annual values for Incomes of the richest in Iceland, 1991 to 2016.
Year Value Change
1991 7.6 —
1992 7.81 +2.8%
1993 7.71 -1.3%
1994 7.71 +0.0%
1995 7.7 -0.1%
1996 7.73 +0.4%
1997 7.85 +1.6%
1998 7.94 +1.1%
1999 8.19 +3.1%
2000 8.47 +3.4%
2001 10.35 +22.2%
2002 11.14 +7.6%
2003 11.07 -0.6%
2004 9.33 -15.7%
2005 10.05 +7.7%
2006 10.55 +5.0%
2007 14.49 +37.3%
2008 7.59 -47.6%
2009 6.56 -13.6%
2010 5.62 -14.3%
2011 5.9 +5.0%
2012 6.41 +8.6%
2013 8.43 +31.5%
2014 8.57 +1.7%
2015 8.46 -1.3%
2016 8.55 +1.1%

Iceland compared with similar countries

  • Iceland's 8.55 is below the median for high income countries, which is 11.84, 72% of the median. (45 countries reporting)
  • Iceland's 8.55 is below the median for Europe & Central Asia, which is 10.8, 79% of the median. (42 countries reporting)

Biggest year-on-year movements

Years where Incomes of the richest in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.

YearChange FromTo
2008 -47.6% 14.49 7.59
2007 +37.3% 10.55 14.49
2013 +31.5% 6.41 8.43

Averages by decade

DecadeAverage LowestHighest Years
1990s 7.8 7.6 8.19 9
2000s 9.96 6.56 14.49 10
2010s 7.42 5.62 8.57 7

Countries ranked near Iceland

  1. 104 Seychelles 8.78 compare
  2. 105 Guinea 8.71 compare
  3. 106 Belgium 8.7 compare
  4. 108 Cyprus 8.53 compare
  5. 109 North Macedonia 8.19 compare
  6. 110 Slovenia 8.01 compare

See the full ranking of 113 places →

More reference data data for Iceland

All data for Iceland →

Frequently asked questions

What is incomes of the richest in Iceland?
Incomes of the richest in Iceland was 8.55 in 2016, according to Our World in Data.
What is the highest incomes of the richest recorded in Iceland?
The highest recorded value was 14.49 in 2007.
What is the lowest incomes of the richest recorded in Iceland?
The lowest recorded value was 5.62 in 2010.
How does Iceland rank for incomes of the richest?
Iceland ranks 107th out of 113 countries with data for 2016.
Is incomes of the richest 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 Our World in Data, published as part of Incomes of the richest. Statizoid updates them automatically from the source API.

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Incomes of the richest in Iceland. Statizoid, drawing on Our World in Data. Retrieved 15 November 2026, from https://reference.statizoid.com/stat/incomes-of-the-richest/iceland/

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About this data

Indicator
Incomes of the richest
Source
Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
113 places, 3,075 data points, 1820–2024
Last refreshed