Poverty & Inequality in Iceland 157 indicators covering poverty & inequality for Iceland. IndicatorLatest Year10-yr change Rank Number of income/consumption surveys in the past decade available via the World Bank 4 surveys 2025 down 60.0% 66th Number of income/consumption surveys in the past decade available via 0 surveys per person 2025 down 66.3% 5th Number of income/consumption surveys in the past decade available via 0 surveys per US$ of GDP 2025 down 81.6% 47th Fertility rate vs. share living in extreme poverty 1.54 live births per woman 2023 down 20.5% 160th Cereal yield vs. share in extreme poverty 2,430 kg per hectare 2023 down 23.7% 107th Cereal yield vs extreme poverty, per unit of GDP 0 units per US$ of GDP 2023 down 57.4% 63rd Cereal yield vs extreme poverty, annual growth rate -18.09 % change on previous year 2023 down 2,334.2% 171st Tax revenues vs income inequality, gaps filled 35.57 2023 up 3.7% 20th Tax revenue as share of GDP vs. income inequality 35.6% 2023 up 3.7% 20th Tax revenues vs income inequality, per unit of GDP 0 units per US$ of GDP 2023 down 46.9% 57th Tax revenues vs income inequality, annual growth rate 1.4 % change on previous year 2023 up 29.3% 102nd Number of income/consumption surveys in the past decade available via -20 % change on previous year 2025 — 123rd Gender Inequality Index 0.024 2023 down 66.7% 163rd Share of government consumption in GDP vs. share of population living in extreme poverty 24.8% 2023 down 0.2% 43rd Lifespan inequality: Gini coefficient in women 0.0701 2023 down 10.9% 228th Lifespan inequality: Gini coefficient by sex 0.0701 2023 down 10.9% 228th Lifespan inequality: Gini coefficient in men 0.0858 2023 up 0.4% 212th Poverty headcount ratio at $3.00 a day (2021 PPP) 0.1% 2019 unchanged 103rd Poverty gap at $3.00 a day (2021 PPP) 0.1% 2019 unchanged 91st Poverty headcount ratio at $4.20 a day (2021 PPP) 0.1% 2019 unchanged 113th Poverty headcount ratio at $8.30 a day (2021 PPP) 0.4% 2019 up 33.3% 113th Prosperity gap 0.6 average shortfall from a prosperity standard of $28/day 2019 unchanged 115th Income inequality: Atkinson index 0.1068 2023 down 4.9% 170th Poverty gap at $4.20 a day (2021 PPP) 0.1% 2019 unchanged 100th Poverty headcount ratio at societal poverty line 7.4% 2019 down 6.3% 121st Poverty gap at $8.30 a day (2021 PPP) 0.2% 2019 up 100.0% 112th Population living in slums 0.0% 2022 — 158th Inequality-adjusted Human Development Index 0.923 2023 up 3.1% 1st Inequality-adjusted Human Development Index vs. Human Development Index 0.923 2023 up 3.1% 1st Inequality-adjusted Human Development Index vs. GDP per capita 0.923 2023 up 3.1% 1st Proportion of population below international poverty line 0.1% 2019 unchanged 109th Three metrics of inequality 39.53 2016 down 8.2% 111th Gini coefficient (before tax) 0.3953 2016 down 8.2% 111th Out-of-pocket expenditure (OOP) per capita in US$ 1,037 2023 up 39.6% 8th Income share held by second 20% 14.3% 2019 up 3.6% 8th Income share held by third 20% 17.9% 2019 up 3.5% 10th Income share held by fourth 20% 22.2% 2019 up 1.8% 61st Income share held by highest 20% 36.3% 2019 down 4.7% 113th Income share held by highest 10% 22.4% 2019 down 6.7% 111th Income share held by lowest 10% 3.7% 2019 unchanged 14th Income share held by lowest 20% 9.4% 2019 up 3.3% 12th Gini index 26.8 2019 down 6.6% 111th Proportion of people living below 50 percent of median income 6.3% 2019 down 10.0% 112th Total shortfall from extreme poverty 219,746 international-$ in 2021 prices 2019 down 0.5% 112th Poverty gap index at $3 a day 0.1% 2019 down 12.1% 97th At-risk-of-poverty rate by NUTS 2 region 7.4% 2022 down 6.3% 45th Gini coefficient: World Inequality Database vs. World Bank 0.2199 2016 down 21.8% 109th At-risk-of-poverty rate before social transfers (pensions excluded) 19.9% 2022 down 13.9% 43rd Income inequality: Gini coefficient before and after tax 0.2199 2016 down 21.8% 109th Material and social deprivation rate by NUTS 2 region 1.2% 2022 down 79.7% 45th Use of interpolation and extrapolation on original Gini coefficient data 42,978 2017 up 13.4% 16th Persons at risk of poverty or social exclusion by NUTS 2 region 9.1% 2022 down 27.8% 43rd Severe material and social deprivation by NUTS 2 region 0.4% 2022 down 75.0% 43rd Income share of the richest 10% vs. Gini coefficient (before tax) 29.3% 2016 down 8.4% 111th Income share of the richest 1% vs. Gini coefficient (before tax) 8.6% 2016 down 19.0% 107th Severe material deprivation rate by NUTS 2 region 1.0% 2020 down 44.4% 44th Persons at risk of poverty or social exclusion by NUTS 2 region - EU 11.8% 2020 down 13.9% 44th Proportion of total government spending on essential services, social 23.9% 2023 up 11.9% 66th Share of population living in extreme poverty vs. GDP per capita 0.1% 2019 down 17.8% 107th Income inequality vs. GDP per capita 0.268 2019 down 6.5% 109th Page 1 of 3 Next →