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The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$ 12 billion, but by 2018 it had increased to a nominal GDP of US$ 27 billion. With a population of 387,000, this is $55,000 per capita , based on purchasing power parity (PPP) estimates. [ 18 ]
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
Labour productivity can be measured as gross domestic product (GDP) or gross national income (GNI) generated per hour. ... Iceland: 33.2 54.9 61.6 69.6 96.1
GDP (PPP) means gross domestic product based on purchasing power parity. This article includes a list of countries by their forecast estimated GDP (PPP). [2] Countries are sorted by GDP (PPP) forecast estimates from financial and statistical institutions that calculate using market or government official exchange rates.
This is a list of countries by nominal GDP per capita. GDP per capita is often considered an indicator of a country's standard of living; [1] [2] however, this is inaccurate because GDP per capita is not a measure of personal income. Measures of personal income include average wage, real income, median income, disposable income and GNI per capita.
37. Portugal. GDP per capita: $23,145.04 Portugal has a broad-based economy that’s large enough to give it the ranking as the No. 37 GDP per capita in the world.
This is an alphabetical list of countries by past and projected gross domestic product (nominal) as ranked by the IMF. ... Iceland * 519: 660: 827: 1,133: 1,493: 1,386:
This is a list of estimates of the real gross domestic product growth rate ... Rank Country GDP growth ... Iceland: 4.06: 2023 est. 10 ...