Close. Rep. 520 187 Niger 1,250 186 Madagascar 520 188 Congo, Dem. Menu. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. For rankings regarding wealth, see list of countries by wealth per adult Method. 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. Due to India’s high population, India’s GDP per capita is $2,170 (for comparison, the U.S. is $62,794). 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's three largest banks collapsed in late 2008. In addition, non-sovereign entities are marked in italics. Top Losers in 2019 : At current prices, Out of 192 economies estimated by … 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. GDP - per capita: $52,200 (2017 est.) DataBank Microdata Data Catalog. 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. As of 2019, the estimated average GDP per capita (PPP) of all of the countries of the world is Int$18,381. The Gross Domestic Product per capita in Iceland was last recorded at 55874 US dollars in 2019, when adjusted by purchasing power parity (PPP). 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… Distribution of gross domestic product (GDP) across economic sectors Lesotho 2019 Value of unmilled wheat imported into Iceland 2009-2019 Goods and services purchased online in Iceland 2011 to 2014 Iceland gni per capita for 2018 was $67,890, a 12.16% increase from 2017. 2015 Irish GDP is 143% of 2015 Irish GNI*. I hope you find the information useful. Rep. 1,110 189 Sierra Leone 500 189 Malawi 1,080 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. Iceland gni per capita for 2017 was $60,530, a 9.76% increase from 2016. At the same time the GDP per capita for these regions and income groups also increased relative to the world average. Note that many of leading GDP-per-capita (nominal) jurisdictions, such as Ireland, are tax havens. 1. 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 Trading Economics Application Programming Interface (API) provides direct access to our data. Iceland gdp per … Gross Domestic Product (GDP) per capita shows a country's GDP divided by its total population. The eight major pass-through economies—the Netherlands, Luxembourg, Hong Kong SAR, the British Virgin Islands, Bermuda, the Cayman Islands, Ireland, and Singapore—host more than 85 percent of the world’s investment in special purpose entities, which are often set up for tax reasons. From 2010 to 2017, the number of tourists visiting Iceland increased by nearly 400%. FRED: Download, graph, and track economic data. The economy of Iceland is small and subject to high volatility. 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. IMF GDP per capita estimate for 2019 for the different countries in Western and Eastern Europe is as follows. The Gross Domestic Product per capita in Iceland was last recorded at 51332.14 US dollars in 2019. 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. 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). Download historical data for 20 million indicators using your browser. GDP per Capita in Iceland (with a population of 334,393 people) was $52,372 in 2017, an increase of $1,695 from $50,677 in 2016; this represents a change of 3.3% in GDP per capita. GDP Growth Rate in 2017 was 3.64%, representing a change of 677,594,227 US$ over 2016, when Real GDP was $16,835,179,721. 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. In 2019, GDP for Iceland was 24.22 billion US dollars. 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. Ten Member States recorded a level of GDP per capita above the EU average in 2019. With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. Iceland - GDP per capita (U.S. Publish your articles and forecasts in our website. 🙂 2. 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: Iceland gdp per capita for 2019 was $66,945, a 8.26% decline from 2018. List of per capita nominal GDP for countries and dependencies, List of countries by GDP (PPP) per capita, Corporate haven § GDP-per-capita tax haven proxy, French President seeks alternatives to GDP, "European Parliament, Policy Department Economic and Scientific Policy: Beyond GDP Study", "World Economic Outlook Database, October 2020", "Piercing the Veil, FINANCE & DEVELOPMENT, JUNE 2018, VOL. Selecting all countries, GDP per capita (current US$), World Bank. 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. Online tool for visualization and analysis. 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. 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. 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. Country. The latest comprehensive information for - Iceland GDP per capita PPP - including latest news, historical data table, charts and more. India’s GDP (PPP) is $10.51 trillion, exceeding that of Japan and Germany. 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. Since the country only has 343,400 people, that translates to a wealthy $71,311 gross domestic product per capita. For instance, the Irish GDP data above is subject to material distortion by the tax planning activities of foreign multinationals in Ireland. ... 1961 - 2019 GDP per capita (constant 2010 US$) ... GDP per capita, PPP (constant 2017 international $) GDP per capita (current US$) Inflation, GDP deflator (annual %) In 2019, GDP per capita for Iceland was 67,857 US dollars. Luxembourg is followed by Switzerland, Norway, Ireland, and Iceland. In 2019, GDP per capita expressed in PPS ranged between 53% of the EU average in Bulgaria and 260% in Luxembourg. The gross domestic product (GDP) per capita figures on this page are derived from PPP ... Iceland… All Countries and Economies. 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. Their GDP data are subject to material distortion by the tax planning activities of foreign multinationals. In 2011, gross domestic product was US$12 billion, but by 2018 it had increased to a nominal GDP of US$27 billion. 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. Slovenia has the highest GDP per capita in the Eastern Europe. The GDP per Capita, in Iceland, when adjusted by Purchasing Power Parity is equivalent to 315 percent of the … 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 … This is the value of all final goods and services produced within a nation in a given year, converted at market exchange rates to current U.S. dollars, divided by the average population for the same year. $51,700 (2016 est.) 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 I hope you find the information useful. Historical data can be found here.     That's much higher than the $59,958 GDP per capita of the United States and Canada's at $45,149. What is GDP per capita? … Luxembourg has the highest GDP per capita in Europe. Bermuda. Graph and download revisions to economic data for from 1960 to 2019 about Iceland, per capita, real, and GDP. To address this, in 2017 the Central Bank of Ireland created "modified GNI" (or GNI*) as a more appropriate statistic, and the OECD and IMF have adopted it for Ireland.     CSV XML EXCEL. Gross domestic product (GDP) growth rate in Iceland 2025* Iceland: Share in global GDP adjusted for PPP 2025* Distribution of gross domestic product (GDP) across economic sectors Iceland 2019 Penn World Table. 2", Chart of GDP per capita at current US$ 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. DataBank. 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