Prosperity gap in Iceland
Iceland: Prosperity gap was 0.6 average shortfall from a prosperity standard of $28/day in 2019. ▼ Falling
Prosperity gap in Iceland, 2003–2019
Source: World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ. Measured in average shortfall from a prosperity standard of $28/day.
Analysis
Iceland recorded 0.6 average shortfall from a prosperity standard of $28/day for prosperity gap in 2019.
Compared with earlier readings it is down 14.3% on the previous year and unchanged over ten years.
Over the whole period, prosperity gap in Iceland peaked at 0.8 average shortfall from a prosperity standard of $28/day in 2011 and was at its lowest, 0.5 average shortfall from a prosperity standard of $28/day, in 2016.
That places Iceland 113th out of 121 countries with data for 2019, putting it in the bottom quarter.
The long-run direction has been consistently falling across the 17 years of available data.
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 2000s | 0.6286 average shortfall from a prosperity standard of $28/day | 0.6 average shortfall from a prosperity standard of $28/day | 0.7 average shortfall from a prosperity standard of $28/day | 7 |
| 2010s | 0.64 average shortfall from a prosperity standard of $28/day | 0.5 average shortfall from a prosperity standard of $28/day | 0.8 average shortfall from a prosperity standard of $28/day | 10 |
Countries ranked near Iceland
- 113 Cyprus 0.6 average shortfall from a prosperity standard of $28/day compare
- 113 France 0.6 average shortfall from a prosperity standard of $28/day compare
- 113 Norway 0.6 average shortfall from a prosperity standard of $28/day compare
- 113 Slovenia 0.6 average shortfall from a prosperity standard of $28/day compare
More poverty & inequality data for Iceland
- Poverty headcount ratio at $8.30 a day (2021 PPP) 0.4% (2019)
- Poverty headcount ratio at $4.20 a day (2021 PPP) 0.1% (2019)
- Poverty gap at $3.00 a day (2021 PPP) 0.1% (2019)
- Poverty headcount ratio at $3.00 a day (2021 PPP) 0.1% (2019)
- Poverty gap at $8.30 a day (2021 PPP) 0.2% (2019)
- Poverty headcount ratio at societal poverty line 7.4% (2019)
- Poverty gap at $4.20 a day (2021 PPP) 0.1% (2019)
- Population living in slums 0.0% (2022)
- Income share held by second 20% 14.3% (2019)
- Gini index 26.8 (2019)
Frequently asked questions
- What is prosperity gap in Iceland?
- Prosperity gap in Iceland was 0.6 average shortfall from a prosperity standard of $28/day in 2019, according to World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ.
- What is the highest prosperity gap recorded in Iceland?
- The highest recorded value was 0.8 average shortfall from a prosperity standard of $28/day in 2011.
- What is the lowest prosperity gap recorded in Iceland?
- The lowest recorded value was 0.5 average shortfall from a prosperity standard of $28/day in 2016.
- How does Iceland rank for prosperity gap?
- Iceland ranks 113th out of 121 countries with data for 2019.
- Is prosperity gap rising or falling in Iceland?
- Over the last ten years it is unchanged. The long-run trend across the full record is falling.
- Where does this Iceland data come from?
- The figures come from World Bank, Poverty and Inequality Platform. Data are based on primary household survey data obtained from government statistical agencies and World Bank country departments. Data for high-income econ, published as part of Prosperity gap (average shortfall from a prosperity standard of $28/day). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 17 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The average shortfall from a prosperity standard of $28 per day (adjusted for differences in purchasing power parity across countries). It is measured as the average factor by which incomes fall short of $28.