Poverty gap index at $3 a day in Iceland
Iceland: Poverty gap index at $3 a day was 0.1% in 2019. ◆ Volatile
Poverty gap index at $3 a day in Iceland, 2003–2019
Source: World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data. Measured in %.
Analysis
In 2019, poverty gap index at $3 a day in Iceland stood at 0.1%.
The figure is down 66.9% on the previous year and down 12.1% over ten years.
Over the whole period, poverty gap index at $3 a day in Iceland peaked at 0.2% in 2018 and was at its lowest, 0.0%, in 2014.
Iceland ranks 97th of 120 countries on this measure, in the bottom quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.1% | 0.0% | 0.1% | 7 |
| 2010s | 0.1% | 0.0% | 0.2% | 10 |
Countries ranked near Iceland
- 94 Bosnia and Herzegovina 0.1% compare
- 95 South Korea 0.1% compare
- 96 Ireland 0.1% compare
- 98 Uruguay 0.1% compare
- 99 France 0.0% compare
- 100 Netherlands 0.0% compare
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)
- Share of government consumption in GDP vs. share of population living in extreme poverty 24.8% (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)
- Income inequality: Atkinson index 0.1068 (2023)
Frequently asked questions
- What is poverty gap index at $3 a day in Iceland?
- Poverty gap index at $3 a day in Iceland was 0.1% in 2019, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest poverty gap index at $3 a day recorded in Iceland?
- The highest recorded value was 0.2% in 2018.
- What is the lowest poverty gap index at $3 a day recorded in Iceland?
- The lowest recorded value was 0.0% in 2014.
- How does Iceland rank for poverty gap index at $3 a day?
- Iceland ranks 97th out of 120 countries with data for 2019.
- Is poverty gap index at $3 a day rising or falling in Iceland?
- Over the last ten years it is down 12.1%. The long-run trend across the full record is volatile.
- 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 Poverty gap index at $3 a day. Statizoid updates them automatically from the source API.
Download this data
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About this data
The poverty gap index is a poverty measure that reflects both the prevalence and the depth of poverty. It is calculated as the share of population in poverty multiplied by the average shortfall from the poverty line (expressed as a % of the poverty line).