Poverty: Share of population living on less than $8.30 a day in Iceland
Iceland: Poverty: Share of population living on less than $8.30 a day was 0.4% in 2019. ◆ Volatile
Poverty: Share of population living on less than $8.30 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
The most recent figure for poverty: share of population living on less than $8.30 a day in Iceland is 0.4%, measured in 2019.
The figure is down 42.2% on the previous year and up 18.4% over ten years.
Over the whole period, poverty: share of population living on less than $8.30 a day in Iceland peaked at 0.8% in 2011 and was at its lowest, 0.1%, in 2017.
Iceland ranks 111th 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.
Poverty: Share of population living on less than $8.30 a day in Iceland, year by year
| Year | % | Change |
|---|---|---|
| 2003 | 0.4% | — |
| 2004 | 0.4% | +13.8% |
| 2005 | 0.2% | -47.8% |
| 2006 | 0.5% | +100.8% |
| 2007 | 0.3% | -37.8% |
| 2008 | 0.2% | -29.8% |
| 2009 | 0.3% | +49.2% |
| 2010 | 0.6% | +88.4% |
| 2011 | 0.8% | +38.5% |
| 2012 | 0.4% | -44.4% |
| 2013 | 0.2% | -61.1% |
| 2014 | 0.2% | +14.3% |
| 2015 | 0.2% | -3.3% |
| 2016 | 0.2% | +4.9% |
| 2017 | 0.1% | -64.7% |
| 2018 | 0.6% | +788.1% |
| 2019 | 0.4% | -42.2% |
Iceland compared with similar countries
- Iceland's 0.4% is below the median for high income countries, which is 1.5%, 24% of the median. (42 countries reporting)
- Iceland's 0.4% is below the median for Europe & Central Asia, which is 2.6%, 13% of the median. (47 countries reporting)
Biggest year-on-year movements
Years where Poverty: Share of population living on less than $8.30 a day in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 2018 | +788.1% | 0.1% | 0.6% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.3% | 0.2% | 0.5% | 7 |
| 2010s | 0.4% | 0.1% | 0.8% | 10 |
Countries ranked near Iceland
- 108 South Korea 0.5% compare
- 109 Finland 0.4% compare
- 110 Norway 0.4% compare
- 112 Switzerland 0.3% compare
- 113 Netherlands 0.3% compare
- 114 Taiwan 0.3% compare
More poverty & inequality data for Iceland
- Number of income/consumption surveys in the past decade available via the World Bank 4 surveys (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per person (2025)
- Number of income/consumption surveys in the past decade available via 0 surveys per US$ 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 poverty: share of population living on less than $8.30 a day in Iceland?
- Poverty: share of population living on less than $8.30 a day in Iceland was 0.4% in 2019, according to World Bank Poverty and Inequality Platform (2026) – with major processing by Our World in Data.
- What is the highest poverty: share of population living on less than $8.30 a day recorded in Iceland?
- The highest recorded value was 0.8% in 2011.
- What is the lowest poverty: share of population living on less than $8.30 a day recorded in Iceland?
- The lowest recorded value was 0.1% in 2017.
- How does Iceland rank for poverty: share of population living on less than $8.30 a day?
- Iceland ranks 111th out of 120 countries with data for 2019.
- Is poverty: share of population living on less than $8.30 a day rising or falling in Iceland?
- Over the last ten years it is up 18.4%. 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: Share of population living on less than $8.30 a day. Statizoid updates them automatically from the source API.
Download this data
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About this data
Percentage of population living in households with an income or consumption below $8.30 per day.