57,189 (US dollars) in 2020. Population, Million persons, 1998-2018 From 2010 to 2017, the number of tourists visiting Iceland increased by nearly 400%. ... GDP: $24.19 Billion: GDP Per Capita: ... 2020. 57,189 (US dollars) in 2020. However, there are vast disparities in GDP between different areas of Estonia; currently, over half of the country's GDP is created in Tallinn. English Speaking Countries in Europe. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Guyana (+18) and Egypt (+15) would be huge gainers in the nominal ranking, followed by Turkmenistan (+9). GDP per capita, PPP, constant 2017 international US-$ Year: 2019: Unit: PPP, constant 2017 international US-$ Direction: High values translate into high scores: Source 1: World Bank, World Development Indicators: Data for: 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. The gross domestic product (GDP) per capita figures on this page are derived from PPP calculations. How Much Are Movie Tickets Around The World? Iceland’s economic freedom score is 77.1, making its economy the 13th freest in the 2020 Index. GDP per capita based on purchasing power parity (PPP). This rate is 99 -tenths of one percent higher than the figure of -7.3% published in the second quarter of 2020. Tourism accounted for more than 10% of Iceland's GDP in 2017. Projected growth rate: % Debt. Graph and download economic data for Constant GDP per capita for Iceland (NYGDPPCAPKDISL) from 1960 to 2019 about Iceland, per capita, real, and GDP. GDP per capita of Macao SAR, Iceland and Australia are projected to decline in 2020. Related. Graph and download revisions to economic data for from 1960 to 2019 about Iceland, per capita, real, and GDP. Copy the URL to open this chart with all your selections. Tourism accounted for 8.6% of Iceland’s GDP in 2016, and 39% of total exports of merchandise and services. The Countries Least Affected By Tuberculosis. Iceland is an island nation strategically located in the North Atlantic Ocean, between Europe and North America on the Mid-Atlantic Ridge. The Trading Economics Application Programming Interface (API) provides direct access to our data. GDP - per capita: $52,200 (2017 est.) The year-on-year change in GDP was -6.7%, 44 -tenths of one percent more than the -11.1% recorded in the second quarter of 2020. Organisation for Economic. GDP per capita is often considered an indicator of a country's standard of living; however ... (2020 estimates) World Bank (2019) United Nations (2019) ... 67,989 5 United States: 63,051 6 Singapore: 58,484 7 Denmark: 58,439 8 Iceland: 57,189 9 60 342 US$ per capita. 1. Reading performance (PISA), Mean score, 2018 Iceland and Qatar will down by above $10k. Science performance (PISA), Mean score, 2018, Air and GHG emissions, Carbon dioxide (CO2), latest available year, Gross domestic product (GDP), US dollars/capita, 2019. 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) 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. Iceland gni per capita for 2017 was $60,530, a 9.76% increase from 2016. 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. 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 . 1990-2019 Data | 2020-2021 Forecast | Historical | Chart. 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%. ... All suggestions for corrections of any errors about Iceland Economy 2020 should be addressed to the CIA or the source cited on each page. France’s GDP per capita is $42,877.56, the 19th highest in the world, and GDP (PPP) is … 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). GDP per capita growth (annual %) - Iceland from The World Bank: Data The economy of Iceland is small and subject to high volatility. 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).. Tourism accounted for 8.6% of Iceland’s GDP in 2016, and 39% of total exports of merchandise and services. 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 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%. Brunei Darussalam is the fastest growing economy with growth rate of 0.10%, followed by Taiwan (0.05%). Iceland gni per capita for 2018 was $67,890, a 12.16% increase from 2017. 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. (see Data FAQs) Source: IMF World Economic Outlook Database With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. The statistic shows gross domestic product (GDP) per capita in Iceland from 1985 to 2018, with projections up until 2025. I hope you find the information useful. Use this code to embed the visualisation into your website. How Does GDP Per Capita Work? Iceland’s economic freedom score is 77.1, making its economy the 13th freest in the 2020 Index. GDP per capita is gross domestic product divided by midyear population. 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. $48,900 (2015 est.) It is calculated without making deductions for depreciation of fabricated assets or for … 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. The dashboard should have a minimum width of 768px to be displayed properly. 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: Direct access to our calendar releases and historical data. In 2020, the highest share of economies will experience contractions in annual per capita gross domestic product (GDP) since 1870. 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 $48,900 (2015 est.) Iceland - GDP per capita (U.S. Latest available data for a fixed period, © 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. GDP per capita is gross domestic product divided by midyear population. In 2019, GDP per capita based on PPP for Iceland was 60,061 international dollars. 2. Iceland gni per capita for 2019 was $72,850, a 7.31% increase from 2018. From 2001, these countries include the Euro area, Japan, the United Kingdom, and the United States. INTRODUCTION. Iceland ranks at number 4 in the World Happiness Report in 2018, with a rating of 7.495. Data for 2020 are forecasts. 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. GDP - per capita: $52,200 (2017 est.) Dollars) After suffering the second-sharpest contraction on record in Q2, the economy started to show tentative signs of recovery towards the end of Q3. Gross domestic product (GDP), US dollars/capita, 2019. In 2019, real GDP per capita for Iceland was 51,332 US dollars. Among top 50 economies having highest gdp per capita, only economies will experience a positive growth rate in 2020. General government debt, % of GDP, 2013 Household debt: ... Dec-2020 Iceland % per annum: Total % per annum May-2019-Dec-2020 Iceland (red) Total % per annum Dec-2020 Iceland (red) Net pension replacement rates Indicator: 69.8 Men Projected growth rate: % Debt. 60 342 US$ per capita. 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 Highest synchronization of national recessions since 1870. $51,700 (2016 est.) After a … Lebanon (-50), Libya (-34), and Macao SAR (-20) would lose most in the ranking. Once you do the math, the wealth is spread among fewer people, which raises a country's GDP. This statistic displays the gross domestic product (GDP) per capita in purchasing power standards (PPS) in Iceland from 2005 to 2017. GDP is the total value of … Note: For multi-year episodes, the cumulative contraction is shown. GDP per capita is gross domestic product divided by midyear population. (212) 419-8286   That's much higher than the $59,958 GDP … This rating is discerned from the examination of GDP per capita, social support, life expectancy, freedom to make life choices, generosity, and perceived corruption. Global per capita GDP growth. 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. Find all indicators on Innovation and Technology. Since the country only has 343,400 people, that translates to a wealthy $71,311 gross domestic product per capita. 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. Gross Domestic Product of Iceland grew 2.6% in the third quarter of 2020 compared to the previous quarter. 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. Historical data the previous quarter -7.3 % published in the ranking per Work... 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