Iceland Income Share Bottom 10%
Income share held by lowest 10% SI.DST.FRST.10
Iceland's income share bottom 10% was 3.70% in 2019, ranked 14th globally. This represents a 0.0% increase from 2018. Data from World Bank, covering 2003–2019.
Overview
Iceland's income share bottom 10% stood at 3.70% in 2019, a rise of +0.00pp from 2018. Iceland ranked 14th globally.
Iceland's income share for the bottom 10% of the population experienced a moderate decline from its peak in 2013, when it reached 4.10%, to its latest value in 2019, standing at 3.70%. This decrease places Iceland at the 14th position globally. The country's performance is comparable to that of Belgium, which also had a similar income share in 2019. Iceland's income share has shown fluctuations over the years, with a trough of 3.60% in 2008, indicating a relatively stable trend in the post-financial crisis period. The income share has remained below 4% since 2008, with the exception of 2013. The stable trend may be attributed to the country's strong social safety net and progressive tax policies. However, if Iceland's economic growth continues to outpace labor productivity, it may lead to increased income inequality and potentially alter the trajectory of the income share for the bottom 10% of the population.
Data & projection
| Year | Income Share Bottom 10% | YoY change | Rank |
|---|---|---|---|
| 2019 | 3.70% | +0.00pp | #14 |
| 2018 | 3.70% | −0.30pp | #11 |
| 2017 | 4.00% | +0.20pp | #8 |
| 2016 | 3.80% | −0.10pp | #9 |
| 2015 | 3.90% | +0.10pp | #10 |
| 2014 | 3.80% | −0.30pp | #9 |
| 2013 | 4.10% | +0.30pp | #4 |
| 2012 | 3.80% | +0.10pp | #9 |
| 2011 | 3.70% | −0.20pp | #15 |
| 2010 | 3.90% | +0.20pp | #7 |
| 2009 | 3.70% | +0.10pp | #10 |
| 2008 | 3.60% | −0.10pp | #15 |
| 2007 | 3.70% | +0.10pp | #10 |
| 2006 | 3.60% | −0.10pp | #13 |
| 2005 | 3.70% | −0.10pp | #10 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw income share bottom 10% improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's income share bottom 10% was 3.70% in 2019. Ranked 14th globally. This represents a 0.0% increase from the previous year.
Iceland's income share bottom 10% peaked at 4.10% in 2013.
The lowest income share bottom 10% in Iceland was 3.60% in 2006.
Iceland ranks 14th globally in income share bottom 10% as of 2019.
The World Bank indicator code is SI.DST.FRST.10. Data sourced from World Bank.
The income share bottom 10% of Iceland in 2019 was 3.70%. This ranks 14th in the world.
Cite this page
@misc{historysaid_iceland_income-bottom-10,
title = {Iceland Income Share Bottom 10%},
url = {https://historysaid.com/iceland/income-bottom-10/},
publisher = {HistorySaid},
year = {2026}
}