Iceland Gini Index
Gini index (0=perfect equality, 100=perfect inequality) SI.POV.GINI
Iceland's gini index was 26.8 in 2019, ranked 7th globally. This represents a 0.8% increase from 2018. Data from World Bank, covering 2003–2019.
Overview
Iceland's gini index stood at 26.8 in 2019, a rise of +0.2 from 2018. Iceland ranked 7th globally.
Iceland's Gini Index has maintained a relatively stable position at 26.80 since 2003, ranking among the lower-middle range globally. The country's Gini Index peaked at 31.80 in 2008, a year marked by the global financial crisis, before declining to a trough of 25.40 in 2013. This decline indicates a reduction in income inequality during this period. In comparison, Ukraine's Gini Index stood at 26.60 in the same year, while Belgium's was slightly higher at 27.20. Notably, Iceland's Gini Index has remained steady at 26.80 since 2013. The stability of Iceland's Gini Index suggests a relatively consistent distribution of income across the population. However, a potential shift in the country's economic policies or a significant change in the global economic landscape could alter the trajectory of Iceland's Gini Index, potentially leading to increased or decreased income inequality.
Data & projection
| Year | Gini Index | YoY change | Rank |
|---|---|---|---|
| 2019 | 26.8 | +0.2 | #7 |
| 2018 | 26.6 | +0.5 | #8 |
| 2017 | 26.1 | −1.1 | #7 |
| 2016 | 27.2 | +0.4 | #10 |
| 2015 | 26.8 | −1.0 | #7 |
| 2014 | 27.8 | +2.4 | #12 |
| 2013 | 25.4 | −1.4 | #2 |
| 2012 | 26.8 | +0.0 | #7 |
| 2011 | 26.8 | +0.6 | #6 |
| 2010 | 26.2 | −2.5 | #4 |
| 2009 | 28.7 | −3.1 | #17 |
| 2008 | 31.8 | +2.3 | #25 |
| 2007 | 29.5 | −0.7 | #14 |
| 2006 | 30.2 | +1.2 | #20 |
| 2005 | 29.0 | +1.0 | #9 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw gini index improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's gini index was 26.8 in 2019. Ranked 7th globally. This represents a 0.8% increase from the previous year.
Iceland's gini index peaked at 31.8 in 2008.
The lowest gini index in Iceland was 25.4 in 2013.
Iceland ranks 7th globally in gini index as of 2019.
The World Bank indicator code is SI.POV.GINI. Data sourced from World Bank.
The gini index of Iceland in 2019 was 26.8. This ranks 7th in the world.
Cite this page
@misc{historysaid_iceland_gini-index,
title = {Iceland Gini Index},
url = {https://historysaid.com/iceland/gini-index/},
publisher = {HistorySaid},
year = {2026}
}