Iceland vs Luxembourg: Total shortfall from extreme poverty
Total shortfall from extreme poverty over time
- Iceland
- Luxembourg
How they compare
Iceland currently reports 219,746 international-$ in 2021 prices against 213,382 international-$ in 2021 prices in Luxembourg, a difference of 6,364 international-$ in 2021 prices.
The two have swapped places 4 times across 17 shared years of data; in 2003 it was Luxembourg ahead.
Iceland ranks 111th and Luxembourg ranks 112th of 120 countries.
Across the 2 decades both report, Iceland averaged higher in 1 and Luxembourg in 1.
Head to head by decade
| Decade | Iceland | Luxembourg | Difference | Ahead |
|---|---|---|---|---|
| 2000s | 178,302 international-$ in 2021 prices | 88,480 international-$ in 2021 prices | 89,821 international-$ in 2021 prices | Iceland |
| 2010s | 189,013 international-$ in 2021 prices | 638,871 international-$ in 2021 prices | 449,858 international-$ in 2021 prices | Luxembourg |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher total shortfall from extreme poverty, Iceland or Luxembourg?
- Iceland, at 219,746 international-$ in 2021 prices against 213,382 international-$ in 2021 prices in Luxembourg as of 2019.
- What is the difference in total shortfall from extreme poverty between Iceland and Luxembourg?
- 6,364 international-$ in 2021 prices, with Iceland ahead.
- How many years of comparable data are there for Iceland and Luxembourg?
- 17 years are reported by both, from 2003 to 2019.
- How do Iceland and Luxembourg rank globally for total shortfall from extreme poverty?
- Iceland ranks 111th and Luxembourg ranks 112th of 120 countries.
- Where does this data come from?
- World Bank Poverty and Inequality Platform (2026) β with major processing by Our World in Data, published as Total shortfall from extreme poverty. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
This is the amount of money that would be theoretically needed to lift the income or consumption of all people in poverty up to $3 per day. However, this is not a measure of the actual cost of eliminating poverty, since it does not take into account the costs involved in making the necessary transfers nor any changes in behavior they would bring about.