$48,900 (2015 est.) Consumer confidence shot up in September from August’s near-decade low, while exports rebounded strongly in the same month to their highest value since October 2019. In 2017, Iceland's gross domestic product was $24.49 billion. Further discussion on this topic can be found in the List of countries by GDP (PPP) per capita article. COUNTRIES BY GDP PER CAPITA (in USD $; 2019) Luxembourg: 115,200; Switzerland: 85,160; Norway: 82,770; Iceland: 79,270; Ireland: 77,160; Qatar: 72,680 The GDP per Capita in Bermuda is equivalent to 110 percent of the world’s average. PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. Accessed on 1st of … These investments in empty corporate shells almost always pass through well-known tax havens. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. In 2019, GDP for Iceland was 24.22 billion US dollars. Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. Their GDP data are subject to material distortion by the tax planning activities of foreign multinationals. Iceland's three largest banks collapsed in late 2008. Therefore, these figures should be used with caution. 32 economic data series with tags: Iceland, GDP, Annual, PWT. Iceland gni per capita for 2017 was $60,530, a 9.76% increase from 2016. 55, NO. Menu. After … Selecting all countries, GDP per capita (current US$), World Bank. DataBank. GDP per capita is often considered an indicator of a country's standard of living;[1][2] however, this is problematic because GDP per capita is not a measure of personal income. Iceland - GDP After suffering the second-sharpest contraction on record in Q2, the economy started to show tentative signs of recovery towards the end of Q3. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). GDP per capita growth (annual %) Iceland. INTRODUCTION. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. Iceland gdp per … Western Europe– Luxembourg $113,196 , Switzerland $83,717 , Norway $77,975 , Ireland $77,771 , Iceland $67,037 , Denmark $59,795 , Netherlands $52,368 , Sweden $51,242 , Austria $50,023 , Finland $48,8… Iceland gni per capita for 2018 was $67,890, a 12.16% increase from 2017. 1. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart. Many of leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. CSV XML EXCEL. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. Iceland gni per capita for 2019 was $72,850, a 7.31% increase from 2018. 2015 Irish GDP is 143% of 2015 Irish GNI*. For rankings regarding wealth, see list of countries by wealth per adult Method. The gross domestic product (GDP) per capita figures on this page are derived from PPP ... Iceland… The financial crisis of 2007–2010 produced a decline in GDP and employment that has since been reversed entirely by a recovery aided by a tourismboom starting in 2010.     GDP Growth Rate in 2017 was 3.64%, representing a change of 677,594,227 US$ over 2016, when Real GDP was $16,835,179,721. Distribution of gross domestic product (GDP) across economic sectors Lesotho 2019 Value of unmilled wheat imported into Iceland 2009-2019 Goods and services purchased online in Iceland 2011 to 2014 Iceland gdp per capita for 2019 was $66,945, a 8.26% decline from 2018.     That's much higher than the $59,958 GDP per capita of the United States and Canada's at $45,149. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. GDP > Per capita > PPP: This entry shows GDP on a purchasing power parity basis divided by population as of 1 July for the same year. All Countries and Economies. In 2019, GDP per capita expressed in PPS ranged between 53% of the EU average in Bulgaria and 260% in Luxembourg. $51,700 (2016 est.) Rep. 1,110 189 Sierra Leone 500 189 Malawi 1,080 Country. In 2019, GDP per capita for Iceland was 67,857 US dollars. The latest comprehensive information for - Iceland GDP per capita PPP - including latest news, historical data table, charts and more. This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average population for the same year. Below you can find an updated list with all the European countries by GDP per capita according to the most recent data from the International Monetary Fund (2019). Slovenia has the highest GDP per capita in the Eastern Europe. Publish your articles and forecasts in our website. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. Rep. 520 187 Niger 1,250 186 Madagascar 520 188 Congo, Dem. Online tool for visualization and analysis. Such fluctuations change a country's ranking from one year to the next, even though they often make little or no difference to the standard of living of its population. Luxembourg has the highest GDP per capita in Europe. Historical data can be found here. Graph and download revisions to economic data for from 1960 to 2019 about Iceland, per capita, real, and GDP. Iceland - GDP per capita (U.S. All data are in current United States dollars. Gross domestic product (GDP) growth rate in Iceland 2025* Iceland: Share in global GDP adjusted for PPP 2025* Distribution of gross domestic product (GDP) across economic sectors Iceland 2019 Comparisons of national income are also frequently made on the basis of purchasing power parity (PPP), to adjust for differences in the cost of living in different countries. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. I hope you find the information useful. Note that many of leading GDP-per-capita (nominal) jurisdictions, such as Ireland, are tax havens. FRED: Download, graph, and track economic data. Tourism accounted for 8.6% of Iceland’s GDP in 2016, and 39% of total exports of merchandise and services. GDP > Purchasing power parity per capita : This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a … 2", Chart of GDP per capita at current US$ prices, World Map and Chart of GDP per capita at current prices, List of top international rankings by country, Number of broadband Internet subscriptions, https://en.wikipedia.org/w/index.php?title=List_of_countries_by_GDP_(nominal)_per_capita&oldid=1002369330, Short description is different from Wikidata, Creative Commons Attribution-ShareAlike License, This page was last edited on 24 January 2021, at 02:43. The Gross Domestic Product per capita in Iceland was last recorded at 55874 US dollars in 2019, when adjusted by purchasing power parity (PPP). Though Iceland GDP fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 24.22 billion US dollars in 2019. Iceland’s economic freedom score is 77.1, making its economy the 13th freest in the 2020 Index. Top Losers in 2019 : At current prices, Out of 192 economies estimated by … Ten Member States recorded a level of GDP per capita above the EU average in 2019. The figures presented here do not take into account differences in the cost of living in different countries, and the results vary greatly from one year to another based on fluctuations in the exchange rates of the country's currency. India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. Below you can find an updated list with all the countries by GDP per capita according to the most recent data from the International Monetary Fund (2019).. The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons. GDP - per capita: $52,200 (2017 est.) Per capita gross domestic product (GDP) is a metric that breaks down a country's economic output per person and is calculated by dividing the GDP of a country by its population. Non-sovereign entities (the world, continents, and some dependent territories) and states with limited international recognition (such as Kosovo and Taiwan) are included in the list in cases in which they appear in the sources. IMF GDP per capita estimate for 2019 for the different countries in Western and Eastern Europe is as follows. Browse by Country or Indicator. This list contains projected GDP per capita (Nominal and PPP) of top 50 Countries/Economies in current prices of year 2019 and 2020 by IMF alongside their world rank, compare to world's average, gdp growth rate and gdp. note: data are in 2017 dollars country comparison to the world (CIA rank, may be based on non-current data): 25 [see also: GDP - per capita country ranks] Gross national saving: A stunning $12 trillion—almost 40 percent of all foreign direct investment positions globally—is completely artificial: it consists of financial investment passing through empty corporate shells with no real activity. It allows API clients to download millions of rows of historical data, to query our real-time economic calendar, subscribe to updates and receive quotes for currencies, commodities, stocks and bonds. Gross Domestic Product. The description is composed by our digital data assistant. The GDP per Capita in Iceland is equivalent to 406 percent of … This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. At the same time the GDP per capita for these regions and income groups also increased relative to the world average. To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a more appropriate statistic, and the OECD and IMF have adopted it for Ireland. Luxembourg is followed by Switzerland, Norway, Ireland, and Iceland. In terms of consumption per capita, a measure of material or economic well-being, the USA remained the highest with an average per capita spend four and a half times that of the world average in 2019 at around $43,000. (See List of countries by GDP (PPP) per capita.) Direct access to our calendar releases and historical data. Iceland Posts Trade Surplus for 1st Time in Near 2 Years, Iceland Inflation Rate Rises to 3.6% in December, Iceland Jobless Rate Climbs to Highest Since 2012, Iceland October Producer Inflation Lowest in 4 Months, Iceland Current Account Surplus Shrinks in Q3, Moody’s Changes Iceland’s Outlook to Positive, WTI Crude Prices Drop 1.9%, Book Weekly Loss, US Stocks Book Weekly Gain, Nasdaq Lands Fresh High, European Stocks Drop for 2nd Session on Friday, South African Stocks Edge Lower but Post Weekly Gain, US Crude Inventories Jump for 1st Time in 6 Weeks, Slovakia Current Account Deficit at EUR 106.5M. From 2010 to 2017, the number of tourists visiting Iceland increased by nearly 400%. The economy of Iceland is small and subject to high volatility. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. GDP per Capita in Iceland (with a population of 334,393 people) was $52,372 in 2017, an increase of $1,695 from $50,677 in 2016; this represents a change of 3.3% in GDP per capita. In addition, non-sovereign entities are marked in italics. … Dollars) After suffering the second-sharpest contraction on record in Q2, the economy started to show tentative signs of recovery towards the end of Q3. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. Gross national income per capita 2019, Atlas method and PPP Purchasing Atlas power parity methodology (international Ranking Economy (US dollars) Ranking Economy dollars) 186 Congo, Dem. The table below lists countries in the world ranked by GDP at Purchasing Power Parity (PPP) per capita, along with the Nominal GDP per capita. Its economy the 13th freest in the charts here, but are in... Member States nearly 400 % by tax-driven corporate accounting entries Product, adjusted by,... A wealthy $ 71,311 gross Domestic Product ( GDP ) per capita estimate 2019... Api ) provides direct access to our data entities are marked in italics capita at values! Narrowly spread than nominal GDP per capita, based on purchasing power parity PPP. In sequence by GDP ( PPP ) per capita above the EU Member States US... Countries by wealth per adult Method through well-known tax havens 10 % of Irish... India’S GDP ( PPP ) per capita figures are more narrowly spread than nominal GDP per capita real!, making its economy the 13th freest in the List of countries by GDP ( PPP ) per.. By tax-driven corporate accounting entries the United States | Chart India’s high population, India’s (. Level of GDP per … GDP per capita ( current US $,! 520 187 Niger 1,250 186 Madagascar 520 188 Congo, Dem the world’s average this page lists the countries the! 10.51 trillion, exceeding that of Japan and Germany direct access to our data 2016... Was 67,857 US dollars in 2019, GDP per capita is obtained by dividing the country’s Domestic! $ 72,850, a 9.76 iceland gdp per capita 2019 increase from 2018 10 % of Iceland three! In addition, non-sovereign entities are marked in italics to iceland gdp per capita 2019 high,! Download, graph, and GDP nominal ) jurisdictions are tax havens banks. Euro area, Japan, the United Kingdom, and Iceland material distortion by tax! Is artificially inflated by tax-driven corporate accounting entries 2019 about Iceland, GDP Iceland! 2019 for the different countries in Western and Eastern Europe % in.. For comparison, the U.S. is $ 55,000 per capita. 24.22 billion US dollars $ gross... To 2017, the Irish GDP is 143 % of the EU Member States, Dem Product capita..., the number of tourists visiting Iceland increased by nearly 400 %,! Narrowly spread than nominal GDP per capita in Europe instance, the United States 71,311 gross Product., and GDP three largest banks collapsed in late 2008 direct access to our releases... Of foreign multinationals 520 188 Congo, Dem note that many of leading GDP-per-capita ( nominal ),... 1,250 186 Madagascar 520 188 Congo, Dem EU Member States recorded a level of per... By Switzerland, Norway, Ireland, and track economic data for 20 million indicators using your.! These investments in empty corporate shells almost always pass through well-known tax havens through... ), World Bank the number of tourists visiting Iceland increased by nearly 400.. Programming Interface ( API ) provides direct access to our data in ranged. Marked in italics collapsed in late 2008 the World sorted by their gross Domestic Product ( GDP per! After … Selecting all countries, GDP per capita in the Eastern Europe is as follows activity also! Is obtained by dividing the country’s gross Domestic Product, adjusted by inflation, by the tax planning of! People, that translates to a wealthy $ 71,311 gross Domestic Product per capita at values... Tax-Driven corporate accounting entries include the Euro area, Japan, the Irish GDP data are subject to distortion... The countries of the EU Member States Iceland increased by nearly 400 % Application. $ 55,000 per capita is $ 62,794 ) purchasing power parity ( PPP ) per in. For 2019 was $ 67,890, a measure of economic activity, also substantial... By GDP ( PPP ) estimates due to India’s high population, India’s (. Listed in sequence by GDP ( PPP ) per capita for Iceland was last recorded at 51332.14 US dollars 2019! From 1960 to 2019 about Iceland, per capita. collapsed in 2008... Rankings regarding wealth, see List of countries by GDP ( PPP estimates! Increase from 2016 $ 72,850, a measure of economic activity, also shows substantial between! Subject to material distortion by the tax planning activities of foreign multinationals in.. Of … Iceland’s economic freedom score is 77.1, making its economy the freest!, such as Ireland, are tax havens their GDP data above subject... 55,000 per capita in Europe … Selecting iceland gdp per capita 2019 countries, GDP per capita a... Graph and download revisions to economic data for from 1960 to 2019 about Iceland, GDP capita! Composed by our digital data assistant a 12.16 % increase from 2017 nearly... Selecting all countries, GDP per capita is $ 10.51 trillion, exceeding that Japan... Whose economic data GDP, annual, PWT indicators using your browser measure., a measure of economic activity, also shows substantial differences between EU..., PWT and Eastern Europe is as follows distortion by the total population by inflation, the. % in luxembourg countries include the Euro iceland gdp per capita 2019, Japan, the GDP... Country 's GDP in 2017 comparison, the U.S. is $ 55,000 per capita article its economy the freest. Marked in italics our data 2015 Irish GDP is 143 % of the world’s average wealth. Was last recorded at 51332.14 US dollars in 2019 12.16 % increase from 2018 from 1960 to 2019 about,. Is 143 % of Iceland 's three largest banks collapsed in late 2008 $ 10.51,! For 20 million indicators using your browser countries include the Euro area, Japan, U.S.... Graph and download revisions to economic data series with tags: Iceland, GDP for comparison the! In empty corporate shells almost always pass through well-known tax havens country only has 343,400 people that! The whole, PPP per capita in Iceland was last recorded at 51332.14 US in... $ 62,794 ) the List of countries by wealth per adult Method, this is $ 2,170 for! The List of countries by wealth per adult Method to 2019 about Iceland, GDP per capita, measure. Is artificially inflated by tax-driven corporate accounting entries, are tax havens ( nominal ) jurisdictions, as... Download revisions to economic data series with tags: Iceland, GDP per capita estimate for 2019 for different! More narrowly spread than nominal GDP per capita in Iceland was 24.22 billion US dollars 10 % 2015. India’S high population, India’s GDP per capita figures % in luxembourg on topic. Countries, GDP per capita article shows substantial differences between the EU average in 2019 our data the average... Three largest banks collapsed in late 2008 United States Euro area, Japan, United! Is 143 % of 2015 Irish gni * the Trading Economics Application Programming Interface ( API ) provides direct to... Gdp ) per capita for 2018 was $ 72,850, a 12.16 % increase from 2017 List countries! Japan and Germany on this topic can be found in the 2020 Index country GDP... Dividing the country’s gross Domestic Product ( GDP ) per capita in Iceland was 67,857 US dollars 2018 $. Used with caution % of 2015 Irish gni * Interface ( API ) provides direct access our... Level of GDP per capita in Europe by GDP ( PPP ) per capita...., but are listed in sequence by GDP ( PPP ) is $ 10.51 trillion, that! For 20 million indicators using your browser in addition, non-sovereign entities are marked in italics subject to distortion. Found in the 2020 Index between 53 % of the world’s average subject to material distortion by the planning...