Iceland: Productivity, relative to the U.S.

* indicates monthly or quarterly data series

GDP per hour worked, index relative to the U.S.

 Latest value 98.52
 Year 2022
 Measure index points
 Data availability 1970 - 2022
 Average 83.32
 Min - Max 64.15 - 98.52
 Source OECD
For that indicator, we provide data for Iceland from 1970 to 2022. The average value for Iceland during that period was 83.32 index points with a minimum of 64.15 index points in 1970 and a maximum of 98.52 index points in 2022. The latest value from 2022 is 98.52 index points. For comparison, the world average in 2022 based on 37 countries is 81.93 index points. See the global rankings for that indicator or use the country comparator to compare trends over time.
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* indicates monthly or quarterly data series

Recent values chart
Iceland - Productivity, relative to the U.S. - Recent values chart

Historical chart
Iceland - Productivity, relative to the U.S. - historical chart - 1970-2022

Definition: The index sets the level of GDP per hour worked in the U.S. to 100 and uses it as basis to compare other countries. Countries with an index greater (smaller) than 100 have greater (lower) labor productivity than the U.S. The GDP used in the calculation is adjusted for Purchasing Power Parity to account for price differences across countries.

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 Related indicators Latest value Reference Measure
 Economic growth 7.24 2022 percent
 GDP, constant dollars 21.6 2022 billion U.S. dollars
 GDP, current U.S. dollars 28.06 2022 billion U.S. dollars
 GDP per capita, current dollars 73,466.78 2022 U.S. dollars
 GDP per capita, PPP 55,567 2022 U.S. dollars
 GDP per capita, constant dollars 56,429.30 2022 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 2.10 Q3/2023 percent
 Economic growth Q-on-Q -2.50 Q3/2023 percent
 Gross Domestic Product (GDP) 1,121.98 Q3/2023 billion
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