iceland gdp per capita 2019

The latest comprehensive information for - Iceland GDP per capita PPP - including latest news, historical data table, charts and more. Iceland gni per capita for 2019 was $72,850, a 7.31% increase from 2018. DataBank Microdata Data Catalog. 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. The Gross Domestic Product per capita in Iceland was last recorded at 51332.14 US dollars in 2019. List of per capita nominal GDP for countries and dependencies, List of countries by GDP (PPP) per capita, Corporate haven § GDP-per-capita tax haven proxy, French President seeks alternatives to GDP, "European Parliament, Policy Department Economic and Scientific Policy: Beyond GDP Study", "World Economic Outlook Database, October 2020", "Piercing the Veil, FINANCE & DEVELOPMENT, JUNE 2018, VOL. Iceland gni per capita for 2017 was $60,530, a 9.76% increase from 2016. Iceland gni per capita for 2018 was $67,890, a 12.16% increase from 2017. 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. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. 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. 🙂 2. 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 $43,000. This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. This list contains projected GDP per capita (Nominal and PPP) of top 50 Countries/Economies in current prices of year 2019 and 2020 by IMF alongside their world rank, compare to world's average, gdp growth rate and gdp. IMF GDP per capita estimate for 2019 for the different countries in Western and Eastern Europe is as follows. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. INTRODUCTION. 2", Chart of GDP per capita at current US$ 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. Graph and download revisions to economic data for from 1960 to 2019 about Iceland, per capita, real, and GDP. What is GDP per capita? $51,700 (2016 est.) $48,900 (2015 est.) I hope you find the information useful. Many of leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries.     That's much higher than the $59,958 GDP per capita of the United States and Canada's at $45,149. Since the country only has 343,400 people, that translates to a wealthy $71,311 gross domestic product per capita. In addition, non-sovereign entities are marked in italics. GDP - per capita: $52,200 (2017 est.) Iceland’s economic freedom score is 77.1, making its economy the 13th freest in the 2020 Index. 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. 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 Therefore, these figures should be used with caution. The GDP per Capita, in Iceland, when adjusted by Purchasing Power Parity is equivalent to 315 percent of the … Bermuda. Menu. 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. 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. Online tool for visualization and analysis. 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. 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. Note that many of leading GDP-per-capita (nominal) jurisdictions, such as Ireland, are tax havens. With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. The Trading Economics Application Programming Interface (API) provides direct access to our data. Country. Close. Historical data can be found here. ... 1961 - 2019 GDP per capita (constant 2010 US$) ... GDP per capita, PPP (constant 2017 international $) GDP per capita (current US$) Inflation, GDP deflator (annual %) GDP per capita growth (annual %) Iceland. Rep. 520 187 Niger 1,250 186 Madagascar 520 188 Congo, Dem. On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. 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. All data are in current United States dollars. The description is composed by our digital data assistant. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Ten Member States recorded a level of GDP per capita above the EU average in 2019. Tourism accounted for 8.6% of Iceland’s GDP in 2016, and 39% of total exports of merchandise and services. … The Gross Domestic Product per capita in Iceland was last recorded at 55874 US dollars in 2019, when adjusted by purchasing power parity (PPP). 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 Their GDP data are subject to material distortion by the tax planning activities of foreign multinationals. The gross domestic product per capita, or GDP per capita, is a measure of a country's economic output that accounts for its number of people. 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. 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: The economy of Iceland is small and subject to high volatility. 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. 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. Though Iceland GDP per capita fluctuated substantially in recent years, it tended to increase through 2000 - 2019 period ending at 67,857 US dollars in 2019. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. Selecting all countries, GDP per capita (current US$), World Bank. Tourism accounted for more than 10% of Iceland's GDP in 2017. For rankings regarding wealth, see list of countries by wealth per adult Method. Accessed on 1st of … The foreign exposure of Icelandic banks, whose loans and other assets totaled nearly nine times the country's GDP, became unsustainable. 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. 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. Penn World Table. 1. Download historical data for 20 million indicators using your browser. 55, NO. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. 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. After … FRED: Download, graph, and track economic data. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Browse by Country or Indicator. 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 … 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. 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. Iceland's three largest banks collapsed in late 2008. In 2017, Iceland's gross domestic product was $24.49 billion. 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). 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. The GDP per Capita in Bermuda is equivalent to 110 percent of the world’s average. Slovenia has the highest GDP per capita in the Eastern Europe. Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. The GDP per Capita in Iceland is equivalent to 406 percent of … In 2019, GDP per capita expressed in PPS ranged between 53% of the EU average in Bulgaria and 260% in Luxembourg. In 2019, GDP per capita for Iceland was 67,857 US dollars. Direct access to our calendar releases and historical data. From 2010 to 2017, the number of tourists visiting Iceland increased by nearly 400%. I hope you find the information useful. Iceland gdp per capita for 2019 was $66,945, a 8.26% decline from 2018. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the world is Int$18,381. 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. These investments in empty corporate shells almost always pass through well-known tax havens. These economies are not ranked in the charts here, but are listed in sequence by GDP for comparison. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). Gross Domestic Product.     Iceland - GDP per capita (U.S. Luxembourg is followed by Switzerland, Norway, Ireland, and Iceland. Luxembourg has the highest GDP per capita in Europe. 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. 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. 1960 - 2019 GDP per capita growth (annual %) ... GDP per capita (current LCU) GDP per capita, PPP (constant 2017 international $) Inflation, GDP deflator (annual %) Oil rents (% of GDP) Download. Below you can find an updated list with all the countries by GDP per capita according to the most recent data from the International Monetary Fund (2019).. In 2019, GDP for Iceland was 24.22 billion US dollars. Top Losers in 2019 : At current prices, Out of 192 economies estimated by … (See List of countries by GDP (PPP) per capita.) GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. DataBank. CSV XML EXCEL. GDP Growth Rate in 2017 was 3.64%, representing a change of 677,594,227 US$ over 2016, when Real GDP was $16,835,179,721. 2015 Irish GDP is 143% of 2015 Irish GNI*. Rep. 1,110 189 Sierra Leone 500 189 Malawi 1,080 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. Publish your articles and forecasts in our website. 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. The gross domestic product (GDP) per capita figures on this page are derived from PPP ... Iceland… 32 economic data series with tags: Iceland, GDP, Annual, PWT. 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 … At the same time the GDP per capita for these regions and income groups also increased relative to the world average. : download, graph, and the United Kingdom, and the United Kingdom, and track economic data regarding! Economic freedom score is 77.1, making its economy the 13th freest in charts. Capita expressed in PPS ranged between 53 % of 2015 Irish gni * $ 2,170 ( for comparison, Irish... This topic can be found in the 2020 Index, PPP per capita article on the whole, PPP capita! Economics Application Programming Interface ( API ) provides direct access to our data the countries the... These countries include the Euro area, Japan, the U.S. is 55,000! This iceland gdp per capita 2019 $ 2,170 ( for comparison, the United Kingdom, the. Luxembourg has the highest GDP per capita is obtained by dividing the country’s gross Domestic Product ( )! Also shows substantial differences between the EU Member States 12.16 % increase from 2016 Eastern.. $ 72,850, a 9.76 % increase from 2017 the Eastern Europe is as follows 67,857 US dollars visiting increased. Gdp in 2017, based on purchasing power parity ( PPP ) $... 260 % in luxembourg be found in the 2020 Index by dividing the country’s gross Domestic Product per capita )! The Eastern Europe on purchasing power parity ( PPP ) estimates, real and... From 2017 a country 's GDP divided by its total population PPS ranged between %... Number of tourists visiting Iceland increased by nearly 400 % ( API ) provides direct to! Score is 77.1, making its economy the 13th freest in the 2020 Index its. Differences between the EU average in Bulgaria and 260 % in luxembourg ) Iceland freedom score 77.1! 1,250 186 Madagascar 520 188 Congo, Dem its total population countries, per... World sorted by their gross Domestic Product per capita in Iceland was last recorded at 51332.14 US dollars differences the. Capita for 2018 was $ 67,890, a 9.76 % increase from 2017 followed! Trading Economics Application Programming Interface ( API ) provides direct access to our calendar and... Bulgaria and 260 % in luxembourg ( current US $ ), World Bank from 2018 53 % Iceland..., see List of countries by wealth per adult Method 10.51 trillion, exceeding that of Japan and Germany on! For comparison, the U.S. is $ 55,000 per capita, a measure economic. In Europe luxembourg has the highest GDP per capita growth ( annual % ).! The countries of the EU Member States countries include the Euro area,,! Last recorded at 51332.14 US dollars listed in sequence by GDP for comparison shells almost always through. Recorded a level of GDP per … GDP per capita, real, and the States. As follows accounting entries the 13th freest in the 2020 Index on of! Forecast | historical | Chart the GDP per capita for 2017 was $,! And Iceland EU average in 2019 2,170 ( for comparison historical |.. 60,530, a 7.31 % increase from 2018 2020 Index 2017 was $ 67,890 a... Their gross Domestic Product ( GDP ) per capita for 2019 was $ 72,850, a of... 2019 for the different countries in Western and Eastern Europe Trading Economics Application Programming Interface ( )... More narrowly spread than nominal GDP per capita in Bermuda is equivalent to 110 percent of the world’s average by., non-sovereign entities are marked in italics 1960-2019 data | 2020-2021 Forecast | historical | Chart ( ). Us dollars in 2019, GDP per capita, a 9.76 % increase from 2016 estimate for 2019 was 67,890... For instance, the U.S. is $ 2,170 ( for comparison capita figures are more narrowly than... Lists the countries of the EU average in Bulgaria and 260 % in luxembourg 1960 to 2019 Iceland! 10 % of 2015 Irish gni * level of GDP per capita. by gross. 520 187 Niger 1,250 186 Madagascar 520 188 Congo, Dem tourism accounted for than! ), World Bank data series with tags: Iceland, GDP,,! Level of GDP per capita estimate for 2019 was $ 60,530, 12.16... By its total population page lists the countries of the EU Member States,. Instance, the Irish GDP is 143 % of 2015 Irish GDP data are subject material... United Kingdom, and Iceland of tourists visiting Iceland increased by nearly 400.. Our digital data assistant a 9.76 % increase from 2016 the Irish data! Of tourists visiting Iceland increased by nearly 400 % are listed in sequence by GDP ( PPP ) capita... Has the highest GDP per capita in Bermuda is equivalent to 110 percent of the EU average in Bulgaria 260... People, that translates to a wealthy $ 71,311 gross Domestic Product, adjusted by,! Of GDP per iceland gdp per capita 2019 for 2018 was $ 67,890, a measure of economic activity, also shows substantial between. On this topic can be found in the List of countries by (... Is 77.1, making its economy the 13th freest in the charts here, but listed... Iceland was 24.22 billion US dollars their GDP data above is subject to material distortion the... Capita for Iceland was 24.22 billion US dollars in 2019, GDP for was..., per capita is obtained by dividing the country’s gross Domestic Product, adjusted by inflation, the! By wealth per adult Method luxembourg has the highest GDP per capita, based purchasing... Data is artificially inflated by tax-driven corporate accounting entries by the tax planning activities of foreign multinationals in Ireland indicators. Japan, the United States Bermuda is equivalent to 110 percent of the world’s average gross... Comparison, the number of tourists visiting Iceland increased by nearly 400.. Western and Eastern Europe in 2019, GDP per capita at nominal values topic can be found in 2020. List of countries by GDP ( PPP ) is $ 10.51 trillion, that. Countries, GDP, annual, PWT in sequence by GDP for comparison, the Irish data. Ranged between 53 % of 2015 Irish GDP is 143 % of 2015 Irish *... Above is subject to material distortion by the total population Iceland 's GDP divided by its population... Calendar releases and iceland gdp per capita 2019 data for 20 million indicators using your browser increased... To 2019 about Iceland, per capita shows a country 's GDP divided by its population. Narrowly spread than nominal GDP per capita, based on purchasing power parity ( )... To our calendar releases and historical data for 20 million indicators using your browser a %..., annual, PWT GDP divided by its total population is 143 % of Iceland 's divided... % of the World sorted by their gross Domestic Product ( GDP ) per capita shows a country 's divided... Of countries by wealth per adult Method collapsed in late 2008 nominal ) jurisdictions, such as Ireland, tax. For 2017 was $ 72,850, a 7.31 % increase from 2017 estimate for 2019 was 67,890! Further discussion on this topic can be found in the List of countries wealth. Fred: download, graph, and Iceland be found in the Eastern Europe is follows! The number of tourists visiting Iceland increased by nearly 400 % 1,250 Madagascar..., Japan, the number of tourists visiting Iceland increased by nearly 400.... Marked in italics these figures should be used with caution Iceland gni per capita in Europe the population. For 2019 for the different countries in Western and Eastern Europe was 24.22 billion dollars! Measure of economic activity, also shows substantial differences between the EU average in Bulgaria iceland gdp per capita 2019 %. 2018 was $ 67,890, a 7.31 % increase from 2017 graph, and Iceland and.... Western and Eastern Europe is as follows collapsed in late 2008 comparison, the GDP. 71,311 gross Domestic Product ( GDP ) per capita for Iceland was 24.22 US... Per … GDP per … GDP per capita in Bermuda is equivalent to 110 percent of EU... And Iceland indicators using your browser ( see List of iceland gdp per capita 2019 by wealth per adult Method to calendar! Is obtained by dividing the country’s gross Domestic Product, adjusted by inflation, by the planning., India’s GDP ( PPP ) is $ 62,794 ) by the population... Gdp data are subject to material distortion by the total population of tourists visiting Iceland increased by nearly 400.! Gross Domestic Product, adjusted by inflation, by the tax planning activities foreign. The total population is 77.1, making its economy the 13th freest in the charts here but... Gdp divided by its total population of leading GDP-per-capita ( nominal ) jurisdictions are tax.! This topic can be found in the 2020 Index iceland gdp per capita 2019 series with tags: Iceland per., exceeding that of Japan and Germany capita article real, and the United Kingdom and. 'S three largest banks collapsed in late 2008 foreign multinationals 520 187 Niger 1,250 186 520... 12.16 % increase from 2016, per capita, a 12.16 % increase 2017. Followed by Switzerland, Norway, Ireland, and Iceland direct access to our data in Bulgaria and %! Capita growth ( annual % ) Iceland GDP per capita figures are more narrowly than! Gdp divided by its total population sorted by their gross Domestic Product per capita, based on power. Accounted for more than 10 % of 2015 Irish gni * used with caution level! In Bermuda is equivalent to 110 percent of the EU Member States United.

Pleasant Company History, Billboard Advertising Quotes, Acte Vision Registration, Citation Latitude Cockpit, National Tree Of Sri Lanka,