Iceland: Productivity, current USD
* indicates monthly or quarterly data series
| Iceland |
GDP per hour worked in current USD, PPP adjusted |
|---|---|
| Latest value | 90.1 |
| Year | 2022 |
| Measure | USD per hour worked |
| Data availability | 1970 - 2022 |
| Average | 33.8 |
| Min - Max | 4.5 - 90.1 |
| Source | OECD |
The latest value from 2022 is 90.1 USD per hour worked, an increase from 80.5 USD per hour worked in 2021. In comparison, the world average is 75.0 USD per hour worked, based on data from 37 countries. Historically, the average for Iceland from 1970 to 2022 is 33.8 USD per hour worked. The minimum value, 4.5 USD per hour worked, was reached in 1970 while the maximum of 90.1 USD per hour worked was recorded in 2022.
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* indicates monthly or quarterly data series
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Definition: GDP per hour worked expressed in current USD. The level of GDP is adjusted in terms of Purchasing Power Parity to reflect price differences across countries.
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What factors determine the exchange rates
International lending and sovereign debt
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| Related indicators | Latest | Reference | Measure |
|---|---|---|---|
| Economic growth | 4.06 | 2023 | percent |
| GDP, constant dollars | 23.0 | 2023 | billion U.S. dollars |
| GDP, current U.S. dollars | 31.02 | 2023 | billion U.S. dollars |
| GDP per capita, current dollars | 78,811.05 | 2023 | U.S. dollars |
| GDP per capita, PPP | 66,451 | 2023 | U.S. dollars |
| GDP per capita, constant dollars | 58,393.18 | 2023 | U.S. dollars |
| Productivity, relative to the U.S. | 98.52 | 2022 | index points |
| Productivity, current USD | 90.1 | 2022 | USD per hour worked |
| Economic growth, quarterly | 3.00 | Q3/2023 | percent |
| Economic growth Q-on-Q | -2.40 | Q3/2023 | percent |
| Gross Domestic Product (GDP) | 1,132.67 | Q3/2023 | billion |