Iceland gdp per capita for 2019 was $66,945, a 8.26% decline from 2018. 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. 1960-2019 Data | 2020-2021 Forecast | Historical | Chart. $51,700 (2016 est.) Penn World Table. 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. 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 per capita in Iceland was last recorded at 55874 US dollars in 2019, when adjusted by purchasing power parity (PPP). 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. For rankings regarding wealth, see list of countries by wealth per adult Method. Therefore, these figures should be used with caution. IMF GDP per capita estimate for 2019 for the different countries in Western and Eastern Europe is as follows. The foreign exposure of Icelandic banks, whose loans and other assets totaled nearly nine times the country's GDP, became unsustainable. The GDP per Capita in Bermuda is equivalent to 110 percent of the world’s average. Luxembourg is followed by Switzerland, Norway, Ireland, and Iceland. Iceland gni per capita for 2019 was $72,850, a 7.31% increase from 2018. 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. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. Iceland gni per capita for 2018 was $67,890, a 12.16% increase from 2017. 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 At the same time the GDP per capita for these regions and income groups also increased relative to the world average. 32 economic data series with tags: Iceland, GDP, Annual, PWT. Top Losers in 2019 : At current prices, Out of 192 economies estimated by … 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: As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the world is Int$18,381. Menu. 2015 Irish GDP is 143% of 2015 Irish GNI*. The Gross Domestic Product per capita in Iceland was last recorded at 51332.14 US dollars in 2019. $48,900 (2015 est.) Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. The gross domestic product (GDP) per capita figures on this page are derived from PPP ... Iceland… I hope you find the information useful. Tourism accounted for 8.6% of Iceland’s GDP in 2016, and 39% of total exports of merchandise and services. 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 per capita expressed in PPS ranged between 53% of the EU average in Bulgaria and 260% in Luxembourg. 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. 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 $48,8… Further discussion on this topic can be found in the List of countries by GDP (PPP) per capita article. Selecting all countries, GDP per capita (current US$), World Bank. INTRODUCTION. 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. (See List of countries by GDP (PPP) per capita.) Bermuda. 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. 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. Browse by Country or Indicator. In 2019, GDP per capita for Iceland was 67,857 US dollars. Online tool for visualization and analysis. Their GDP data are subject to material distortion by the tax planning activities of foreign multinationals. The economy of Iceland is small and subject to high volatility. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). In 2019, GDP for Iceland was 24.22 billion US dollars. 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). Accessed on 1st of … On the whole, PPP per capita figures are more narrowly spread than nominal GDP per capita figures. In addition, non-sovereign entities are marked in italics. Many of leading GDP-per-capita (nominal) jurisdictions are tax havens whose economic data is artificially inflated by tax-driven corporate accounting entries. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States.     That's much higher than the $59,958 GDP per capita of the United States and Canada's at $45,149. Iceland gdp per … India’s economy is the fifth-largest in the world with a GDP of $2.94 trillion, overtaking the UK and France in 2019 to take the fifth spot. GDP > Purchasing power parity per capita : This entry gives the gross domestic product (GDP) or value of all final goods and services produced within a … All Countries and Economies. I hope you find the information useful. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. This list contains projected GDP per capita (Nominal and PPP) of top 50 Countries/Economies in current prices of year 2019 and 2020 by IMF alongside their world rank, compare to world's average, gdp growth rate and gdp. DataBank Microdata Data Catalog. PPP largely removes the exchange rate problem but not others; it does not reflect the value of economic output in international trade, and it also requires more estimation than GDP per capita. Download historical data for 20 million indicators using your browser. Trading Economics members can view, download and compare data from nearly 200 countries, including more than 20 million economic indicators, exchange rates, government bond yields, stock indexes and commodity prices. Publish your articles and forecasts in our website. ... 1961 - 2019 GDP per capita (constant 2010 US$) ... GDP per capita, PPP (constant 2017 international $) GDP per capita (current US$) Inflation, GDP deflator (annual %) 55, NO. After … Direct access to our calendar releases and historical data. 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. CSV XML EXCEL. … What is GDP per capita? With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. Iceland's three largest banks collapsed in late 2008. 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. 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. 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 - per capita: $52,200 (2017 est.) DataBank. Iceland’s economic freedom score is 77.1, making its economy the 13th freest in the 2020 Index. Ten Member States recorded a level of GDP per capita above the EU average in 2019. 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. Gross Domestic Product (GDP) per capita, a measure of economic activity, also shows substantial differences between the EU Member States. 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. Country. Graph and download revisions to economic data for from 1960 to 2019 about Iceland, per capita, real, and GDP. 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 This page lists the countries of the world sorted by their gross domestic product per capita at nominal values. The GDP per Capita in Iceland is equivalent to 406 percent of … The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. The description is composed by our digital data assistant. Iceland - GDP per capita (U.S. Note that many of leading GDP-per-capita (nominal) jurisdictions, such as Ireland, are tax havens. 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. Historical data can be found here. Iceland gni per capita for 2017 was $60,530, a 9.76% increase from 2016. 1. 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. 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. FRED: Download, graph, and track economic data. 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. 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.     Since the country only has 343,400 people, that translates to a wealthy $71,311 gross domestic product per capita. Close. 🙂 2. 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. The GDP per Capita, in Iceland, when adjusted by Purchasing Power Parity is equivalent to 315 percent of the … These investments in empty corporate shells almost always pass through well-known tax havens. From 2010 to 2017, the number of tourists visiting Iceland increased by nearly 400%. 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. 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