Statizoid

Australia vs Iceland: Productivity: output per hour worked

Australia
76.78 international-$ in 2021 prices per hour
in 2023
Iceland
75.65 international-$ in 2021 prices per hour
in 2023
Australia rank
13th
Iceland rank
14th

Productivity: output per hour worked over time

  • Australia
  • Iceland
20406080195019862023

How they compare

Australia currently reports 76.78 international-$ in 2021 prices per hour against 75.65 international-$ in 2021 prices per hour in Iceland, a difference of 1.13 international-$ in 2021 prices per hour.

The two have swapped places 6 times across 60 shared years of data; in 1964 it was Australia ahead.

Globally, Australia ranks 13th and Iceland ranks 14th of 130 countries.

Individual pages

About this data

Indicator
Productivity: output per hour worked
Unit
international-$ in 2021 prices per hour
Source
Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data
Licence
CC BY 4.0 (Our World in Data)
Coverage
130 places, 4,965 data points, 1950–2023
Last refreshed

Productivity is calculated as GDP divided by the total number of hours worked in the economy. This data is adjusted for inflation and differences in living costs between countries.