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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 $55,000 per capita , based on purchasing power parity (PPP) estimates. [ 17 ]
The following are international rankings of Iceland. Current ranking. Organisation Name ... Index of Economic Freedom: 13 177 2023 [12] World Bank: Ease of Doing ...
Iceland: 57.9 2023 ... GDP per hour worked 1970–2022 (2015=100) Country 1970 1980 1990 2000 2010 2015 2020 2022
On the whole, PPP per capita figures are less spread than nominal GDP per capita figures. [5] The rankings of national economies over time have changed considerably; the economy of the United States surpassed the British Empire's output around 1916, [6] which in turn had surpassed the economy of the Qing dynasty in aggregate output decades earlier.
Nominal GDP (in US$) per capita by country Country Rank IMF [5] 2024 Rank WB [6] 2019 Change Albania 84: 9,598: 94: 5,353 10.5 Armenia ㅤㅤㅤ ㅤㅤㅤㅤ 86 8,518 41 4,670 9.5
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.
What happened in Iceland isn't pretty. A month ago, it was one of Europe's richest countries: clean, efficient, thoroughly civilized, and living well. Then, suddenly, as international markets ...
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.