Income inequality vs. GDP per capita in Iceland
Iceland: Income inequality vs. GDP per capita was 0.268 in 2019. ▼ Falling
Income inequality vs. GDP per capita in Iceland, 2003–2019
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
Analysis
In 2019, income inequality vs. gdp per capita in Iceland stood at 0.268.
The figure is up 0.9% on the previous year and down 6.5% over ten years.
Over the whole period, income inequality vs. gdp per capita in Iceland peaked at 0.3179 in 2008 and was at its lowest, 0.254, in 2013.
That places Iceland 109th out of 120 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Income inequality vs. GDP per capita in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 2003 | 0.2684 | — |
| 2004 | 0.2798 | +4.3% |
| 2005 | 0.29 | +3.6% |
| 2006 | 0.3024 | +4.3% |
| 2007 | 0.2947 | -2.6% |
| 2008 | 0.3179 | +7.9% |
| 2009 | 0.2866 | -9.9% |
| 2010 | 0.2617 | -8.7% |
| 2011 | 0.2683 | +2.5% |
| 2012 | 0.2677 | -0.2% |
| 2013 | 0.254 | -5.1% |
| 2014 | 0.278 | +9.4% |
| 2015 | 0.2679 | -3.6% |
| 2016 | 0.2724 | +1.7% |
| 2017 | 0.2613 | -4.1% |
| 2018 | 0.2656 | +1.7% |
| 2019 | 0.268 | +0.9% |
Iceland compared with similar countries
- Iceland's 0.268 is below the median for high income countries, which is 0.3209, 84% of the median. (42 countries reporting)
- Iceland's 0.268 is below the median for Europe & Central Asia, which is 0.3058, 88% of the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.2914 | 0.2684 | 0.3179 | 7 |
| 2010s | 0.2665 | 0.254 | 0.278 | 10 |
Countries ranked near Iceland
More poverty & inequality data for Iceland
- Number of income/consumption surveys in the past decade available via the World Bank 4 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP (2025)
- Fertility rate vs. share living in extreme poverty 1.54 live births per woman (2023)
- Cereal yield vs. share in extreme poverty 2,430 kg per hectare (2023)
- Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP (2023)
- Cereal yield vs extreme poverty, annual growth rate -18.09 % change on previous year (2023)
- Tax revenues vs income inequality, gaps filled 35.57 (2023)
- Tax revenue as share of GDP vs. income inequality 35.6% (2023)
- Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP (2023)
Frequently asked questions
- What is income inequality vs. gdp per capita in Iceland?
- Income inequality vs. gdp per capita in Iceland was 0.268 in 2019, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest income inequality vs. gdp per capita recorded in Iceland?
- The highest recorded value was 0.3179 in 2008.
- What is the lowest income inequality vs. gdp per capita recorded in Iceland?
- The lowest recorded value was 0.254 in 2013.
- How does Iceland rank for income inequality vs. gdp per capita?
- Iceland ranks 109th out of 120 countries with data for 2019.
- Is income inequality vs. gdp per capita rising or falling in Iceland?
- Over the last ten years it is down 6.5%. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data, published as part of Income inequality vs. GDP per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
The Gini coefficient measures inequality on a scale from 0 to 1. Higher values indicate higher inequality.