Labor productivity vs gdp per capita in Iceland
Iceland: Labor productivity vs gdp per capita was 75.65 in 2023. ▲ Rising
Latest (2023)
75.65
Change on year
up 2.8%
World rank
14th
of 130 countries
All-time high
75.65
in 2023
All-time low
20.34
in 1964
Years of data
60
1964–2023
Labor productivity vs gdp per capita in Iceland, 1964–2023
Source: Our World in Data.
Analysis
In 2023, labor productivity vs gdp per capita in Iceland stood at 75.65. That is the highest value across all 60 years on record.
The figure is up 2.8% on the previous year and up 22.9% over ten years.
Over the whole period, labor productivity vs gdp per capita in Iceland peaked at 75.65 in 2023 and was at its lowest, 20.34, in 1964.
That places Iceland 14th out of 130 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Labor productivity vs gdp per capita in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1964 | 20.34 | — |
| 1965 | 21.52 | +5.8% |
| 1966 | 22.55 | +4.8% |
| 1967 | 22.31 | -1.1% |
| 1968 | 20.88 | -6.4% |
| 1969 | 22.07 | +5.7% |
| 1970 | 23.01 | +4.3% |
| 1971 | 26.77 | +16.3% |
| 1972 | 26.28 | -1.8% |
| 1973 | 28.78 | +9.5% |
| 1974 | 30.31 | +5.3% |
| 1975 | 30.38 | +0.2% |
| 1976 | 29.89 | -1.6% |
| 1977 | 34.31 | +14.8% |
| 1978 | 35.74 | +4.2% |
| 1979 | 37.36 | +4.5% |
| 1980 | 38.64 | +3.4% |
| 1981 | 38.77 | +0.4% |
| 1982 | 39.02 | +0.6% |
| 1983 | 35.21 | -9.8% |
| 1984 | 38.11 | +8.2% |
| 1985 | 36.49 | -4.2% |
| 1986 | 38.73 | +6.1% |
| 1987 | 40.92 | +5.7% |
| 1988 | 43.45 | +6.2% |
| 1989 | 42.24 | -2.8% |
| 1990 | 42.87 | +1.5% |
| 1991 | 43.61 | +1.7% |
| 1992 | 41.84 | -4.1% |
| 1993 | 42.2 | +0.9% |
| 1994 | 43.96 | +4.2% |
| 1995 | 43.03 | -2.1% |
| 1996 | 43.59 | +1.3% |
| 1997 | 46.92 | +7.6% |
| 1998 | 47.92 | +2.1% |
| 1999 | 50.04 | +4.4% |
| 2000 | 47.93 | -4.2% |
| 2001 | 49.14 | +2.5% |
| 2002 | 51.29 | +4.4% |
| 2003 | 50.94 | -0.7% |
| 2004 | 54 | +6.0% |
| 2005 | 54.4 | +0.7% |
| 2006 | 49.62 | -8.8% |
| 2007 | 50.89 | +2.6% |
| 2008 | 58.01 | +14.0% |
| 2009 | 65.13 | +12.3% |
| 2010 | 62.33 | -4.3% |
| 2011 | 62.35 | +0.0% |
| 2012 | 64.15 | +2.9% |
| 2013 | 61.57 | -4.0% |
| 2014 | 61.28 | -0.5% |
| 2015 | 61.87 | +1.0% |
| 2016 | 59.73 | -3.5% |
| 2017 | 59.63 | -0.2% |
| 2018 | 60.94 | +2.2% |
| 2019 | 69.4 | +13.9% |
| 2020 | 68.75 | -0.9% |
| 2021 | 71.42 | +3.9% |
| 2022 | 73.58 | +3.0% |
| 2023 | 75.65 | +2.8% |
Iceland compared with similar countries
- Iceland's 75.65 is above the median for high income countries, which is 51.52, 1.5× the median. (51 countries reporting)
- Iceland's 75.65 is above the median for Europe & Central Asia, which is 46.15, 1.6× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 21.61 | 20.34 | 22.55 | 6 |
| 1970s | 30.28 | 23.01 | 37.36 | 10 |
| 1980s | 39.16 | 35.21 | 43.45 | 10 |
| 1990s | 44.6 | 41.84 | 50.04 | 10 |
| 2000s | 53.13 | 47.93 | 65.13 | 10 |
| 2010s | 62.32 | 59.63 | 69.4 | 10 |
| 2020s | 72.35 | 68.75 | 75.65 | 4 |
Countries ranked near Iceland
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 labor productivity vs gdp per capita in Iceland?
- Labor productivity vs gdp per capita in Iceland was 75.65 in 2023, according to Our World in Data.
- What is the highest labor productivity vs gdp per capita recorded in Iceland?
- The highest recorded value was 75.65 in 2023.
- What is the lowest labor productivity vs gdp per capita recorded in Iceland?
- The lowest recorded value was 20.34 in 1964.
- How does Iceland rank for labor productivity vs gdp per capita?
- Iceland ranks 14th out of 130 countries with data for 2023.
- Is labor productivity vs gdp per capita rising or falling in Iceland?
- Over the last ten years it is up 22.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Our World in Data, published as part of Labor productivity vs gdp per capita. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (Our World in Data).