GDP per person employed (constant 2021 PPP $) in Iceland
Iceland: GDP per person employed (constant 2021 PPP $) was 114,279 constant 2021 PPP $ in 2025. ▲ Rising
GDP per person employed in Iceland, 1991–2025
Source: Staff estimates, World Bank (WB), note: Estimates are based on employment, population, GDP, and PPP data obtained from International Labour Organization, United Nations Population Division, Eurostat,. Measured in constant 2021 PPP $.
Analysis
The most recent figure for gdp per person employed in Iceland is 114,279 constant 2021 PPP $, measured in 2025.
Compared with earlier readings it is down 0.2% on the previous year and up 8.6% over ten years.
Over the whole period, gdp per person employed in Iceland peaked at 117,212 constant 2021 PPP $ in 2023 and was at its lowest, 76,737 constant 2021 PPP $, in 1995.
That places Iceland 26th out of 177 countries with data for 2025, putting it in the top quarter.
The long-run direction has been consistently rising across the 35 years of available data.
GDP per person employed (constant 2021 PPP $) in Iceland, year by year
| Year | constant 2021 PPP $ | Change |
|---|---|---|
| 1991 | 79,768 constant 2021 PPP $ | — |
| 1992 | 76,954 constant 2021 PPP $ | -3.5% |
| 1993 | 78,353 constant 2021 PPP $ | +1.8% |
| 1994 | 80,102 constant 2021 PPP $ | +2.2% |
| 1995 | 76,737 constant 2021 PPP $ | -4.2% |
| 1996 | 79,492 constant 2021 PPP $ | +3.6% |
| 1997 | 82,869 constant 2021 PPP $ | +4.2% |
| 1998 | 85,121 constant 2021 PPP $ | +2.7% |
| 1999 | 84,933 constant 2021 PPP $ | -0.2% |
| 2000 | 85,749 constant 2021 PPP $ | +1.0% |
| 2001 | 87,788 constant 2021 PPP $ | +2.4% |
| 2002 | 89,523 constant 2021 PPP $ | +2.0% |
| 2003 | 90,997 constant 2021 PPP $ | +1.6% |
| 2004 | 97,900 constant 2021 PPP $ | +7.6% |
| 2005 | 101,794 constant 2021 PPP $ | +4.0% |
| 2006 | 103,093 constant 2021 PPP $ | +1.3% |
| 2007 | 107,680 constant 2021 PPP $ | +4.4% |
| 2008 | 109,020 constant 2021 PPP $ | +1.2% |
| 2009 | 106,416 constant 2021 PPP $ | -2.4% |
| 2010 | 104,833 constant 2021 PPP $ | -1.5% |
| 2011 | 105,923 constant 2021 PPP $ | +1.0% |
| 2012 | 105,127 constant 2021 PPP $ | -0.8% |
| 2013 | 106,134 constant 2021 PPP $ | +1.0% |
| 2014 | 104,736 constant 2021 PPP $ | -1.3% |
| 2015 | 105,210 constant 2021 PPP $ | +0.5% |
| 2016 | 107,622 constant 2021 PPP $ | +2.3% |
| 2017 | 108,813 constant 2021 PPP $ | +1.1% |
| 2018 | 111,644 constant 2021 PPP $ | +2.6% |
| 2019 | 111,368 constant 2021 PPP $ | -0.2% |
| 2020 | 107,277 constant 2021 PPP $ | -3.7% |
| 2021 | 111,724 constant 2021 PPP $ | +4.1% |
| 2022 | 113,856 constant 2021 PPP $ | +1.9% |
| 2023 | 117,212 constant 2021 PPP $ | +2.9% |
| 2024 | 114,522 constant 2021 PPP $ | -2.3% |
| 2025 | 114,279 constant 2021 PPP $ | -0.2% |
Iceland compared with similar countries
- Iceland's 114,279 constant 2021 PPP $ is above the median for high income countries, which is 108,203 constant 2021 PPP $, 1.1× the median. (59 countries reporting)
- Iceland's 114,279 constant 2021 PPP $ is above the median for Europe & Central Asia, which is 90,831 constant 2021 PPP $, 1.3× the median. (48 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 80,481 constant 2021 PPP $ | 76,737 constant 2021 PPP $ | 85,121 constant 2021 PPP $ | 9 |
| 2000s | 97,996 constant 2021 PPP $ | 85,749 constant 2021 PPP $ | 109,020 constant 2021 PPP $ | 10 |
| 2010s | 107,141 constant 2021 PPP $ | 104,736 constant 2021 PPP $ | 111,644 constant 2021 PPP $ | 10 |
| 2020s | 113,145 constant 2021 PPP $ | 107,277 constant 2021 PPP $ | 117,212 constant 2021 PPP $ | 6 |
Countries ranked near Iceland
- 23 Malta 117,634 constant 2021 PPP $ compare
- 24 United States Virgin Islands 116,146 constant 2021 PPP $ compare
- 25 Australia 114,582 constant 2021 PPP $ compare
- 27 Canada 113,563 constant 2021 PPP $ compare
- 28 United Kingdom 111,234 constant 2021 PPP $ compare
- 29 Spain 109,693 constant 2021 PPP $ compare
More work & labour data for Iceland
- Population - Est. & Proj. — Total Population - Both sexes, annual -0.4964 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Male, annual growth -0.4501 % change on previous year (2100)
- Population - Est. & Proj. — Total Population - Female, annual growth -0.5492 % change on previous year (2100)
- Population - Est. & Proj. — Rural population, annual growth rate -1.37 % change on previous year (2050)
- Population - Est. & Proj. — Urban population, annual growth rate 0.2312 % change on previous year (2050)
- Population - Est. & Proj. — Urban population 373.77 1000 No (2050)
- Population - Est. & Proj. — Rural population 16.3 1000 No (2050)
- Population - Est. & Proj. — Total Population - Female 169.5 1000 No (2100)
- Population - Est. & Proj. — Total Population - Male 193.08 1000 No (2100)
- Population - Est. & Proj. — Total Population - Both sexes 362.58 1000 No (2100)
Frequently asked questions
- What is gdp per person employed in Iceland?
- Gdp per person employed in Iceland was 114,279 constant 2021 PPP $ in 2025, according to Staff estimates, World Bank (WB), note: Estimates are based on employment, population, GDP, and PPP data obtained from International Labour Organization, United Nations Population Division, Eurostat,.
- What is the highest gdp per person employed recorded in Iceland?
- The highest recorded value was 117,212 constant 2021 PPP $ in 2023.
- What is the lowest gdp per person employed recorded in Iceland?
- The lowest recorded value was 76,737 constant 2021 PPP $ in 1995.
- How does Iceland rank for gdp per person employed?
- Iceland ranks 26th out of 177 countries with data for 2025.
- Is gdp per person employed rising or falling in Iceland?
- Over the last ten years it is up 8.6%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Staff estimates, World Bank (WB), note: Estimates are based on employment, population, GDP, and PPP data obtained from International Labour Organization, United Nations Population Division, Eurostat,, published as part of GDP per person employed (constant 2021 PPP $). Statizoid updates them automatically from the source API.
Download this data
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About this data
GDP per person employed is gross domestic product (GDP) divided by total employment in the economy. Purchasing power parity (PPP) GDP is GDP converted to 2021 constant international dollars using PPP rates. An international dollar has the same purchasing power over GDP that a U.S. dollar has in the United States.