GDP per employed person in Iceland
Iceland: GDP per employed person was 114,279 constant 2021 PPP $ in 2025. ▲ Rising
Latest (2025)
114,279 constant 2021 PPP $
Change on year
down 0.2%
World rank
26th
of 177 countries
All-time high
117,212 constant 2021 PPP $
in 2023
All-time low
76,737 constant 2021 PPP $
in 1995
Years of data
35
1991–2025
GDP per employed person in Iceland, 1991–2025
Source: World Bank, International Labour Organization (ILO), UN Population Division, Eurostat, and OECD (2026) – processed by Our World in Data. Measured in constant 2021 PPP $.
Analysis
Iceland recorded 114,279 constant 2021 PPP $ for gdp per employed person 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 employed person 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 employed person 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 employed person in Iceland?
- Gdp per employed person in Iceland was 114,279 constant 2021 PPP $ in 2025, according to World Bank, International Labour Organization (ILO), UN Population Division, Eurostat, and OECD (2026) – processed by Our World in Data.
- What is the highest gdp per employed person recorded in Iceland?
- The highest recorded value was 117,212 constant 2021 PPP $ in 2023.
- What is the lowest gdp per employed person recorded in Iceland?
- The lowest recorded value was 76,737 constant 2021 PPP $ in 1995.
- How does Iceland rank for gdp per employed person?
- Iceland ranks 26th out of 177 countries with data for 2025.
- Is gdp per employed person 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 World Bank, International Labour Organization (ILO), UN Population Division, Eurostat, and OECD (2026) – processed by Our World in Data, published as part of GDP per employed person. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 35 observations, free to reuse under CC BY 4.0 (Our World in Data).
About this data
Gross domestic product (GDP) divided by the total number of people employed in the economy. This data is adjusted for inflation and differences in living costs between countries.