Income share of the richest 1%: World Inequality Database vs. World Bank in Iceland
Iceland: Income share of the richest 1%: World Inequality Database vs. World Bank was 4.7% in 2016. ▼ Falling
Income share of the richest 1%: World Inequality Database vs. World Bank in Iceland, 1991–2016
Source: World Inequality Database (WID.world) (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2016, income share of the richest 1%: world inequality database vs. world bank in Iceland stood at 4.7%.
Compared with earlier readings it is down 14.1% on the previous year and down 21.3% over ten years.
Over the whole period, income share of the richest 1%: world inequality database vs. world bank in Iceland peaked at 8.5% in 2002 and was at its lowest, 3.4%, in 2010.
That places Iceland 108th out of 109 countries with data for 2016, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 26 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 6.3% | 6.2% | 6.4% | 9 |
| 2000s | 6.5% | 3.5% | 8.5% | 10 |
| 2010s | 4.5% | 3.4% | 5.5% | 7 |
Countries ranked near Iceland
More reference data data for Iceland
- Spring temperature anomalies -0.5453 °C (2026)
- Summer temperature anomalies 0.1076 °C (2026)
- Temperature anomalies by month -0.09 °C (2026)
- Universal right to vote in practice 2 (2025)
- Autumn temperature anomalies 0.653 °C (2025)
- Winter temperature anomalies 3.5 °C (2025)
- Consumer price index 179.82 2010 = 100 (2025)
- Universal right to vote 2 (2025)
- Competitive elections 1 (2025)
- Men's universal right to vote 1 (2025)
Frequently asked questions
- What is income share of the richest 1%: world inequality database vs. world bank in Iceland?
- Income share of the richest 1%: world inequality database vs. world bank in Iceland was 4.7% 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%: world inequality database vs. world bank recorded in Iceland?
- The highest recorded value was 8.5% in 2002.
- What is the lowest income share of the richest 1%: world inequality database vs. world bank recorded in Iceland?
- The lowest recorded value was 3.4% in 2010.
- How does Iceland rank for income share of the richest 1%: world inequality database vs. world bank?
- Iceland ranks 108th out of 109 countries with data for 2016.
- Is income share of the richest 1%: world inequality database vs. world bank rising or falling in Iceland?
- Over the last ten years it is down 21.3%. The long-run trend across the full record is falling.
- 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%: World Inequality Database vs. World Bank. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 26 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The share of income received by the richest 1% of the population. Income here is measured after taxes and benefits.