Gini coefficient: World Inequality Database vs. World Bank in Iceland
Iceland: Gini coefficient: World Inequality Database vs. World Bank was 0.2199 in 2016. ▼ Falling
Gini coefficient: 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.
Analysis
In 2016, gini coefficient: world inequality database vs. world bank in Iceland stood at 0.2199.
That represents a change of down 15.2% on the previous year and down 21.8% over ten years.
Over the whole period, gini coefficient: world inequality database vs. world bank in Iceland peaked at 0.3314 in 1994 and was at its lowest, 0.2095, in 2009.
That places Iceland 109th 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 | 0.3252 | 0.3144 | 0.3314 | 9 |
| 2000s | 0.2838 | 0.2095 | 0.3214 | 10 |
| 2010s | 0.2373 | 0.2177 | 0.2592 | 7 |
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)
- 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)
- Tax revenue as share of GDP vs. income inequality 35.6% (2023)
- Gender Inequality Index 0.024 (2023)
- Lifespan inequality: Gini coefficient in women 0.0701 (2023)
- Lifespan inequality: Gini coefficient by sex 0.0701 (2023)
- Lifespan inequality: Gini coefficient in men 0.0858 (2023)
- Share of government consumption in GDP vs. share of population living in extreme poverty 24.8% (2023)
- Income inequality: Atkinson index 0.1068 (2023)
Frequently asked questions
- What is gini coefficient: world inequality database vs. world bank in Iceland?
- Gini coefficient: world inequality database vs. world bank in Iceland was 0.2199 in 2016, according to World Inequality Database (WID.world) (2026) – with major processing by Our World in Data.
- What is the highest gini coefficient: world inequality database vs. world bank recorded in Iceland?
- The highest recorded value was 0.3314 in 1994.
- What is the lowest gini coefficient: world inequality database vs. world bank recorded in Iceland?
- The lowest recorded value was 0.2095 in 2009.
- How does Iceland rank for gini coefficient: world inequality database vs. world bank?
- Iceland ranks 109th out of 109 countries with data for 2016.
- Is gini coefficient: world inequality database vs. world bank rising or falling in Iceland?
- Over the last ten years it is down 21.8%. 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 Gini coefficient: 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 Gini coefficient measures inequality on a scale from 0 to 1. Higher values indicate higher inequality. Inequality is measured here in terms of income after taxes and benefits.