Iceland vs Sweden: Productivity: output per hour worked

Iceland
75.65 international-$ in 2021 prices per hour
in 2023
Sweden
80.74 international-$ in 2021 prices per hour
in 2023
Iceland rank
14th
Sweden rank
11th

Productivity: output per hour worked over time

  • Iceland
  • Sweden
20406080195019862023

How they compare

Sweden currently reports 80.74 international-$ in 2021 prices per hour against 75.65 international-$ in 2021 prices per hour in Iceland, a difference of 5.08 international-$ in 2021 prices per hour.

That makes Sweden's figure about 1.1 times Iceland's.

The two have swapped places 2 times across 60 shared years of data; in 1964 it was Sweden ahead.

Globally, Iceland ranks 14th and Sweden ranks 11th 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.