Price level ratio of PPP conversion factor (GDP) to market exchange in Iceland
Iceland: Price level ratio of PPP conversion factor (GDP) to market exchange was 1.06 in 2024. ▬ Flat
Latest (2024)
1.06
Change on year
up 1.3%
World rank
5th
of 202 countries
All-time high
1.68
in 2007
All-time low
0.9063
in 2001
Years of data
35
1990–2024
Price level ratio of PPP conversion factor (GDP) to market exchange in Iceland, 1990–2024
Source: UNESCO Institute for Statistics.
Analysis
The most recent figure for price level ratio of ppp conversion factor (gdp) to market exchange in Iceland is 1.06, measured in 2024.
The figure is up 1.3% on the previous year and down 10.9% over ten years.
Over the whole period, price level ratio of ppp conversion factor (gdp) to market exchange in Iceland peaked at 1.68 in 2007 and was at its lowest, 0.9063, in 2001.
That places Iceland 5th out of 202 countries with data for 2024, putting it in the top 10%.
Price level ratio of PPP conversion factor (GDP) to market exchange in Iceland, year by year
| Year | Value | Change |
|---|---|---|
| 1990 | 1.16 | — |
| 1991 | 1.2 | +3.6% |
| 1992 | 1.24 | +3.7% |
| 1993 | 1.05 | -15.3% |
| 1994 | 1.02 | -2.9% |
| 1995 | 1.11 | +9.1% |
| 1996 | 1.11 | +0.2% |
| 1997 | 1.04 | -6.8% |
| 1998 | 1.08 | +4.0% |
| 1999 | 1.1 | +1.4% |
| 2000 | 1.08 | -1.6% |
| 2001 | 0.9063 | -15.9% |
| 2002 | 0.9939 | +9.7% |
| 2003 | 1.21 | +21.5% |
| 2004 | 1.33 | +10.1% |
| 2005 | 1.52 | +14.5% |
| 2006 | 1.45 | -4.8% |
| 2007 | 1.68 | +15.7% |
| 2008 | 1.3 | -22.3% |
| 2009 | 0.9866 | -24.2% |
| 2010 | 1.09 | +10.2% |
| 2011 | 1.17 | +7.2% |
| 2012 | 1.1 | -6.1% |
| 2013 | 1.12 | +2.4% |
| 2014 | 1.19 | +5.8% |
| 2015 | 1.08 | -9.3% |
| 2016 | 1.16 | +7.7% |
| 2017 | 1.29 | +11.7% |
| 2018 | 1.3 | +0.6% |
| 2019 | 1.13 | -13.1% |
| 2020 | 1.06 | -6.5% |
| 2021 | 1.12 | +6.1% |
| 2022 | 1.02 | -8.9% |
| 2023 | 1.04 | +1.9% |
| 2024 | 1.06 | +1.3% |
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1990s | 1.11 | 1.02 | 1.24 | 10 |
| 2000s | 1.24 | 0.9063 | 1.68 | 10 |
| 2010s | 1.16 | 1.08 | 1.3 | 10 |
| 2020s | 1.06 | 1.02 | 1.12 | 5 |
Countries ranked near Iceland
- 2 Cayman Islands 1.13 compare
- 3 Barbados 1.12 compare
- 4 Switzerland 1.1 compare
- 6 Tuvalu 1.03 compare
- 7 United States 1 compare
- 8 Turks and Caicos Islands 0.9882 compare
More population data for Iceland
- Population regions 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 long run with projections, annual growth rate -0.4984 % change on previous year (2100)
- Un population 2024 vs 2022, annual growth rate -0.2688 % change on previous year (2100)
- Africa's Development Dynamics (AfDD) Table 05 - Demographic estimates 408.78 Persons (2050)
- Africa's Development Dynamics (AfDD) Table 03 - Annual population 0.4806 Percent per annum (2030)
- Projected population under age 5, annual growth rate -0.6617 % change on previous year (2100)
- World population growth -0.5% (2100)
- Population density 3.6 people per km² (2100)
- Number of children under 5, by world region 13,661 people (2100)
Frequently asked questions
- What is price level ratio of ppp conversion factor (gdp) to market exchange in Iceland?
- Price level ratio of ppp conversion factor (gdp) to market exchange in Iceland was 1.06 in 2024, according to UNESCO Institute for Statistics.
- What is the highest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Iceland?
- The highest recorded value was 1.68 in 2007.
- What is the lowest price level ratio of ppp conversion factor (gdp) to market exchange recorded in Iceland?
- The lowest recorded value was 0.9063 in 2001.
- How does Iceland rank for price level ratio of ppp conversion factor (gdp) to market exchange?
- Iceland ranks 5th out of 202 countries with data for 2024.
- Is price level ratio of ppp conversion factor (gdp) to market exchange rising or falling in Iceland?
- Over the last ten years it is down 10.9%. The long-run trend across the full record is flat.
- Where does this Iceland data come from?
- The figures come from UNESCO Institute for Statistics, published as part of Price level ratio of PPP conversion factor (GDP) to market exchange rate. Statizoid updates them automatically from the source API.
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About this data
February 2026 Data Release