Iceland: Poverty ratio

The latest value from 2017 is 8.8 percent, a decline from 10.1 percent in 2016. In comparison, the world average is 20.41 percent, based on data from 53 countries. Historically, the average for Iceland from 2003 to 2017 is 9.38 percent. The minimum value, 7.9 percent, was reached in 2011 while the maximum of 10.2 percent was recorded in 2008. See the global rankings for that indicator or use the country comparator to compare trends over time.

Definition: National poverty headcount ratio is the percentage of the population living below the national poverty line(s). National estimates are based on population-weighted subgroup estimates from household surveys. For economies for which the data are from EU-SILC, the reported year is the income reference year, which is the year before the survey year.