Brunei Darussalam is the fastest growing economy with growth rate of 0.10%, followed by Taiwan (0.05%). GDP 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. Organisation for Economic Co-operation and Development (OECD), Snapshot of data for a fixed period (data will not change even if updated on the site).   That's much higher than the $59,958 GDP … Download historical data for 20 million indicators using your browser. Iceland’s economic freedom score is 77.1, making its economy the 13th freest in the 2020 Index. 1. Among top 50 economies having highest gdp per capita, only economies will experience a positive growth rate in 2020. Tourism accounted for 8.6% of Iceland’s GDP in 2016, and 39% of total exports of merchandise and services. Note: For multi-year episodes, the cumulative contraction is shown. Use this code to embed the visualisation into your website. In the long-term, the Iceland GDP per capita PPP is projected to trend around 53700.00 USD in 2021 and 54690.00 USD in 2022, according to our econometric models. Lebanon (-50), Libya (-34), and Macao SAR (-20) would lose most in the ranking. In 2008, the GDP per capita of Tallinn stood at 172% of the Estonian average, [231] which makes the per capita GDP of Tallinn as high as 115% of the European Union average, exceeding the average levels of other counties. 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. Latest available data for a fixed period, © 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. Iceland’s economic freedom score is 77.1, making its economy the 13th freest in the 2020 Index. Publish your articles and forecasts in our website. Consumer confidence shot up in September from August’s near-decade low, while exports rebounded strongly in the same month to their highest value since October 2019. Iceland is an island nation strategically located in the North Atlantic Ocean, between Europe and North America on the Mid-Atlantic Ridge. 57,189 (US dollars) in 2020. Projected growth rate: % Debt. With a decline of more than $40k, GDP per capita of Macao SAR will down by 50% in 2020. Iceland and Qatar will down by above $10k. In 2019, real GDP per capita for Iceland was 51,332 US dollars. GDP per capita is gross domestic product divided by midyear population. Gross Domestic Product of Iceland grew 2.6% in the third quarter of 2020 compared to the previous quarter. GDP per capita is often considered an indicator of a country's standard of living; however ... (2020 estimates) World Bank (2019) United Nations (2019) ... 67,989 5 United States: 63,051 6 Singapore: 58,484 7 Denmark: 58,439 8 Iceland: 57,189 9 ... All suggestions for corrections of any errors about Iceland Economy 2020 should be addressed to the CIA or the source cited on each page. Purchasing Power Parity Converted GDP Per Capita (Laspeyres), derived from growth rates of domestic absorption for Iceland 2005 International Dollars per Person, Annual, Not Seasonally Adjusted 1950 to 2010 (2012-09-17) Graph and download economic data for Constant GDP per capita for Iceland (NYGDPPCAPKDISL) from 1960 to 2019 about Iceland, per capita, real, and GDP. Related. Reading performance (PISA), Mean score, 2018 GDP 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. Since the country only has 343,400 people, that translates to a wealthy $71,311 gross domestic product per capita. 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. (212) 419-8286 2. Here you will find an updated list and a map with all the countries by GDP per capita according to the most recent data from the International Monetary Fund (2020).. GDP is the total value of … English Speaking Countries in Europe. The Countries Least Affected By Tuberculosis. Direct access to our calendar releases and historical data. This rate is 99 -tenths of one percent higher than the figure of -7.3% published in the second quarter of 2020. Try our corporate solution for free! From 2010 to 2017, the number of tourists visiting Iceland increased by nearly 400%. 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. The statistic shows gross domestic product (GDP) per capita in Iceland from 1985 to 2018, with projections up until 2025. 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. This rating is discerned from the examination of GDP per capita, social support, life expectancy, freedom to make life choices, generosity, and perceived corruption. The economy of Iceland is small and subject to high volatility. Essentially, GDP per capita acts as a metric for determining a country's economic output per each person living there. Iceland - GDP per capita (U.S. Copy the URL to open this chart with all your selections. Often times, rich nations with smaller populations tend to have higher per capita GDP. Real GDP per capita of Iceland increased from 16,240 US dollars in 1970 to 51,332 US dollars in 2019 growing at an average annual rate of 2.43%. Iceland gni per capita for 2019 was $72,850, a 7.31% increase from 2018. Real GDP per capita of Iceland increased from 16,240 US dollars in 1970 to 51,332 US dollars in 2019 growing at an average annual rate of 2.43%. GDP - per capita: $52,200 (2017 est.) Gross domestic product (GDP), US dollars/capita, 2019. Use this code to embed the country dashboard into your website. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. This rating is discerned from the examination of GDP per capita, social support, life expectancy, freedom to make life choices, generosity, and perceived corruption. 60 342 US$ per capita. Data for 2020 are forecasts. $51,700 (2016 est.) In 2019, GDP per capita based on PPP for Iceland was 60,061 international dollars. Population, Annual growth rate (%), 2018, Income inequality, 0 = complete equality; 1 = complete inequality, latest available year, Mathematics performance (PISA), Mean score, 2018 Iceland - GDP per capita (U.S. GDP - per capita: $52,200 (2017 est.) GDP per capita PPP in Iceland is expected to reach 52900.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. GDP per capita growth (annual %) - Iceland from The World Bank: Data Iceland ranks at number 4 in the World Happiness Report in 2018, with a rating of 7.495. In 2019, real GDP per capita for Iceland was 51,332 US dollars. The gross domestic product (GDP) per capita is the national output, divided by the population, expressed in U.S dollars per person, for the latest year for which data is published. ... GDP: $24.19 Billion: GDP Per Capita: ... 2020. The statistic shows gross domestic product (GDP) per capita in Iceland from 1985 to 2018, with projections up until 2025. General government debt, % of GDP, 2013 Household debt: ... Dec-2020 Iceland % per annum: Total % per annum May-2019-Dec-2020 Iceland (red) Total % per annum Dec-2020 Iceland (red) Net pension replacement rates Indicator: 69.8 Men Macao SAR and Austria are expected to decline below the $50k mark in 2020. With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. The dashboard should have a minimum width of 768px to be displayed properly. Iceland gni per capita for 2017 was $60,530, a 9.76% increase from 2016. $48,900 (2015 est.) 1990-2019 Data | 2020-2021 Forecast | Historical | Chart. Graph and download revisions to economic data for from 1960 to 2019 about Iceland, per capita, real, and GDP. Chrt 2. There would be 12 economies that would have per capita gdp above $50,000. (see Data FAQs) Source: IMF World Economic Outlook Database Projected growth rate: % Debt. How Does GDP Per Capita Work? GDP per capita is gross domestic product divided by midyear population. From 2010 to 2017, the number of tourists visiting Iceland increased by nearly 400%. GDP per capita in Iceland is expected to reach 49000.00 USD by the end of 2020, according to Trading Economics global macro models and analysts expectations. Graph and download economic data for Constant GDP per capita for Iceland (NYGDPPCAPKDISL) from 1960 to 2019 about Iceland, per capita, real, and GDP. With the exit of St. Lucia, Russia, Grenada, and Mauritius from the elite $10000 per capita GDP club in 2020, there would be a total of 65 economies in this list. Gross domestic product (GDP), US dollars/capita, 2019. INTRODUCTION. It is calculated without making deductions for depreciation of fabricated assets or for … Once you do the math, the wealth is spread among fewer people, which raises a country's GDP. Tourism accounted for 8.6% of Iceland’s GDP in 2016, and 39% of total exports of merchandise and services. Iceland gni per capita for 2018 was $67,890, a 12.16% increase from 2017. 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: Calculated based on the top 100 wealthiest countries in terms of Gross Domestic Product (GDP) per capita at October 2020, the average GDP per capita for these competing economies was US$34,238 per country. In 2020, the highest share of economies will experience contractions in annual per capita gross domestic product (GDP) since 1870. The year-on-year change in GDP was -6.7%, 44 -tenths of one percent more than the -11.1% recorded in the second quarter of 2020. $51,700 (2016 est.) The GDP figure in the third quarter of 2020 was €4,510 $5,272 million, Iceland is number 48 in the ranking of quarterly GDP of the 50 countries that we publish. Guyana (+18) and Egypt (+15) would be huge gainers in the nominal ranking, followed by Turkmenistan (+9). GDP per capita is gross domestic product divided by midyear population. Science performance (PISA), Mean score, 2018, Air and GHG emissions, Carbon dioxide (CO2), latest available year, Gross domestic product (GDP), US dollars/capita, 2019. Global per capita GDP growth. GDP per capita based on purchasing power parity (PPP). Iceland has a quarterly GDP per capita , of €12,386 $12,386 , less than the same period last year, when it was €15,288 $15,288 . Highest synchronization of national recessions since 1870. 60 342 US$ per capita. Iceland: GDP per capita. Organisation for Economic. This statistic displays the gross domestic product (GDP) per capita in purchasing power standards (PPS) in Iceland from 2005 to 2017. General government debt, % of GDP, 2013 Household debt: ... Dec-2020 Iceland % per annum: Total % per annum May-2019-Dec-2020 Iceland (red), Euro area (19 countries) (black) Total % per annum Find all indicators on Innovation and Technology. I hope you find the information useful. GDP per capita is gross domestic product divided by midyear population. 57,189 (US dollars) in 2020. Quality of Life in Iceland. However, there are vast disparities in GDP between different areas of Estonia; currently, over half of the country's GDP is created in Tallinn. GDP per capita, PPP, constant 2017 international US-$ Year: 2019: Unit: PPP, constant 2017 international US-$ Direction: High values translate into high scores: Source 1: World Bank, World Development Indicators: Data for: PPP takes into account the relative cost of living, rather than using only exchange rates, therefore providing a more accurate picture of the real differences in income. In the long-term, the Iceland GDP per capita is projected to trend around 51000.00 USD in 2021 and 52000.00 USD in 2022, according to our econometric models. France’s GDP per capita is $42,877.56, the 19th highest in the world, and GDP (PPP) is … Population, Million persons, 1998-2018 $48,900 (2015 est.) That dollar amount reflects a 22.1 percent increase from an average $28,043 in 2009 when the Great Recession gained traction. 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. The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. Tourism accounted for more than 10% of Iceland's GDP in 2017. GDP per capita is often considered an indicator of a country's standard of living; however ... (2020 estimates) World Bank (2019) United Nations (2019) ... 67,989 5 United States: 63,051 6 Singapore: 58,484 7 Denmark: 58,439 8 Iceland: 57,189 9 With a high concentration of wealthy cities and towns just to the west of Boston, in the MetroWestarea, and along the northern and southern coastal regions that have easy access to the city, in particula… The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. The Trading Economics Application Programming Interface (API) provides direct access to our data. The latest comprehensive information for - Iceland GDP per capita PPP - including latest news, historical data table, charts and more. How Much Are Movie Tickets Around The World? Per capita GDP is a metric that breaks down a country's GDP per person and is calculated by dividing the GDP of a country by its population. After a … In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. GDP per capita of Macao SAR, Iceland and Australia are projected to decline in 2020. GDP per capita based on PPP of Iceland increased from 29,718 international dollars in 2000 to 60,061 international dollars in 2019 growing at an average annual rate of 3.83%. Iceland ranks at number 4 in the World Happiness Report in 2018, with a rating of 7.495. 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. 1990-2019 data | 2020-2021 Forecast | historical | Chart having highest GDP per acts., rich nations with smaller populations tend to have higher per capita is gross product... Indicators using your browser fastest growing economy with growth rate in 2020 and Qatar down! On PPP for Iceland was 60,061 international dollars -tenths of one percent higher than the figure of -7.3 % in. 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