Annual Purchasing Power: Purchasing Power Parities … household in Iceland
Iceland: Annual Purchasing Power Parities and exchange rates — Purchasing was 166.6 National currency per US dollar in 2025. ◆ Volatile
Annual Purchasing Power Parities and exchange rates — Purchasing in Iceland, 1970–2025
Source: Organisation for Economic Co-operation and Development. Measured in National currency per US dollar.
Analysis
Iceland recorded 166.6 National currency per US dollar for annual purchasing power parities and exchange rates — purchasing in 2025. That is the highest value across all 56 years on record.
That represents a change of up 6.8% on the previous year and up 7.5% over ten years.
Over the whole period, annual purchasing power parities and exchange rates — purchasing in Iceland peaked at 166.6 National currency per US dollar in 2025 and was at its lowest, 0.6582 National currency per US dollar, in 1970.
That places Iceland 9th out of 53 countries with data for 2025, putting it in the top quarter.
The series is highly variable year to year, so single readings are best treated with caution.
Annual Purchasing Power Parities and exchange rates — Purchasing in Iceland, year by year
| Year | National currency per US dollar | Change |
|---|---|---|
| 1970 | 0.6582 National currency per US dollar | — |
| 1971 | 0.6817 National currency per US dollar | +3.6% |
| 1972 | 0.7564 National currency per US dollar | +10.9% |
| 1973 | 0.9052 National currency per US dollar | +19.7% |
| 1974 | 1.13 National currency per US dollar | +24.6% |
| 1975 | 1.62 National currency per US dollar | +43.5% |
| 1976 | 1.99 National currency per US dollar | +23.1% |
| 1977 | 2.39 National currency per US dollar | +19.8% |
| 1978 | 3.2 National currency per US dollar | +34.0% |
| 1979 | 4.3 National currency per US dollar | +34.4% |
| 1980 | 6.03 National currency per US dollar | +40.4% |
| 1981 | 8.32 National currency per US dollar | +37.9% |
| 1982 | 12.02 National currency per US dollar | +44.4% |
| 1983 | 21.21 National currency per US dollar | +76.5% |
| 1984 | 26.75 National currency per US dollar | +26.1% |
| 1985 | 34.55 National currency per US dollar | +29.2% |
| 1986 | 40.65 National currency per US dollar | +17.6% |
| 1987 | 45.53 National currency per US dollar | +12.0% |
| 1988 | 54.77 National currency per US dollar | +20.3% |
| 1989 | 66.95 National currency per US dollar | +22.2% |
| 1990 | 76.4 National currency per US dollar | +14.1% |
| 1991 | 78.67 National currency per US dollar | +3.0% |
| 1992 | 79.35 National currency per US dollar | +0.9% |
| 1993 | 80.27 National currency per US dollar | +1.2% |
| 1994 | 79.9 National currency per US dollar | -0.5% |
| 1995 | 79.87 National currency per US dollar | -0.0% |
| 1996 | 81.9 National currency per US dollar | +2.5% |
| 1997 | 80.8 National currency per US dollar | -1.3% |
| 1998 | 83.9 National currency per US dollar | +3.8% |
| 1999 | 83.91 National currency per US dollar | +0.0% |
| 2000 | 91.13 National currency per US dollar | +8.6% |
| 2001 | 96.3 National currency per US dollar | +5.7% |
| 2002 | 99.88 National currency per US dollar | +3.7% |
| 2003 | 100.7 National currency per US dollar | +0.8% |
| 2004 | 101.34 National currency per US dollar | +0.6% |
| 2005 | 101.34 National currency per US dollar | +0.0% |
| 2006 | 104.5 National currency per US dollar | +3.1% |
| 2007 | 107.48 National currency per US dollar | +2.8% |
| 2008 | 119.17 National currency per US dollar | +10.9% |
| 2009 | 135.49 National currency per US dollar | +13.7% |
| 2010 | 141.41 National currency per US dollar | +4.4% |
| 2011 | 141.37 National currency per US dollar | -0.0% |
| 2012 | 145.15 National currency per US dollar | +2.7% |
| 2013 | 148.17 National currency per US dollar | +2.1% |
| 2014 | 150.1 National currency per US dollar | +1.3% |
| 2015 | 155 National currency per US dollar | +3.3% |
| 2016 | 159.86 National currency per US dollar | +3.1% |
| 2017 | 157.51 National currency per US dollar | -1.5% |
| 2018 | 158.98 National currency per US dollar | +0.9% |
| 2019 | 158.12 National currency per US dollar | -0.5% |
| 2020 | 154.86 National currency per US dollar | -2.1% |
| 2021 | 155.84 National currency per US dollar | +0.6% |
| 2022 | 150.87 National currency per US dollar | -3.2% |
| 2023 | 151.2 National currency per US dollar | +0.2% |
| 2024 | 156.03 National currency per US dollar | +3.2% |
| 2025 | 166.6 National currency per US dollar | +6.8% |
Iceland compared with similar countries
- Iceland's 166.6 National currency per US dollar is above the median for high income countries, which is 1.07 National currency per US dollar, 156.4× the median. (35 countries reporting)
- Iceland's 166.6 National currency per US dollar is above the median for Europe & Central Asia, which is 0.9848 National currency per US dollar, 169.2× the median. (28 countries reporting)
Biggest year-on-year movements
Years where Annual Purchasing Power Parities and exchange rates — Purchasing in Iceland changed far more than this series normally does. A large move can be a real event or a change in how the figure was measured — the source note below says who published it.
| Year | Change | From | To |
|---|---|---|---|
| 1983 | +76.5% | 12.02 National currency per US dollar | 21.21 National currency per US dollar |
| 1982 | +44.4% | 8.32 National currency per US dollar | 12.02 National currency per US dollar |
| 1975 | +43.5% | 1.13 National currency per US dollar | 1.62 National currency per US dollar |
| 1980 | +40.4% | 4.3 National currency per US dollar | 6.03 National currency per US dollar |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1970s | 1.76 National currency per US dollar | 0.6582 National currency per US dollar | 4.3 National currency per US dollar | 10 |
| 1980s | 31.68 National currency per US dollar | 6.03 National currency per US dollar | 66.95 National currency per US dollar | 10 |
| 1990s | 80.5 National currency per US dollar | 76.4 National currency per US dollar | 83.91 National currency per US dollar | 10 |
| 2000s | 105.73 National currency per US dollar | 91.13 National currency per US dollar | 135.49 National currency per US dollar | 10 |
| 2010s | 151.57 National currency per US dollar | 141.37 National currency per US dollar | 159.86 National currency per US dollar | 10 |
| 2020s | 155.9 National currency per US dollar | 150.87 National currency per US dollar | 166.6 National currency per US dollar | 6 |
Countries ranked near Iceland
- 6 Estonia 0.6717 National currency per US dollar compare
- 6 Cameroon 207.58 National currency per US dollar compare
- 7 Hungary 204.54 National currency per US dollar compare
- 8 Slovenia 0.5928 National currency per US dollar compare
- 8 Kazakhstan 176.08 National currency per US dollar compare
- 9 Latvia 0.5521 National currency per US dollar compare
- 10 Lithuania 0.5496 National currency per US dollar compare
- 10 Japan 103.34 National currency per US dollar compare
- 11 Serbia 52.93 National currency per US dollar compare
- 12 Albania 47.12 National currency per US dollar compare
More population data for Iceland
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 408.78 Persons (2050)
- Un population 2024 vs 2022, annual growth rate -0.2688 % change on previous year (2100)
- Population long run with projections, annual growth rate -0.4984 % change on previous year (2100)
- Urban and rural population 2050, annual growth rate -5.08 % change on previous year (2050)
- Population regions with projections, annual growth rate -0.4984 % change on previous year (2100)
- Population growth rate, by level of development -0.5% (2100)
- Number of children under 5, by world region 13,661 people (2100)
- Population density 3.6 people per km² (2100)
- World population growth -0.5% (2100)
- Projected population under age 5, annual growth rate -0.6617 % change on previous year (2100)
Frequently asked questions
- What is annual purchasing power parities and exchange rates — purchasing in Iceland?
- Annual purchasing power parities and exchange rates — purchasing in Iceland was 166.6 National currency per US dollar in 2025, according to Organisation for Economic Co-operation and Development.
- What is the highest annual purchasing power parities and exchange rates — purchasing recorded in Iceland?
- The highest recorded value was 166.6 National currency per US dollar in 2025.
- What is the lowest annual purchasing power parities and exchange rates — purchasing recorded in Iceland?
- The lowest recorded value was 0.6582 National currency per US dollar in 1970.
- How does Iceland rank for annual purchasing power parities and exchange rates — purchasing?
- Iceland ranks 9th out of 53 countries with data for 2025.
- Is annual purchasing power parities and exchange rates — purchasing rising or falling in Iceland?
- Over the last ten years it is up 7.5%. The long-run trend across the full record is volatile.
- Where does this Iceland data come from?
- The figures come from Organisation for Economic Co-operation and Development, published as part of Annual Purchasing Power Parities and exchange rates — Purchasing Power Parities for household final consumption expenditure. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 56 observations, free to reuse under OECD Terms and Conditions (attribution required).
About this data
This table shows annual Purchasing Power Parities (PPPs) for Gross Domestic Product (GDP), household final consumption expenditure and actual individual consumption. It also shows exchange rates (annual averages and end of period), sourced from the International Monetary Fund's database on International Financial Statistics. Final consumption expenditure is the expenditure of resident households on consumption goods or services, while individual consumption is the sum of household consumption plus the individual (not collective) consumption of the non-profit institutions serving households (NPISH) and General Government sectors. These indicators were presented in the previous dissemination system in the SNA_TABLE4 dataset. For further information on (PPPs) please check the following link: Purchasing Power Parities and more precisely FAQ 2: Purchasing power parities OECD statistics contact: STAT.Contact@oecd.org