Iceland PPP Conversion Factor
PPP conversion factor, GDP PA.NUS.PPP
Iceland's ppp conversion factor was 137.75 in 2025, ranked 48th globally. This represents a 2.8% decrease from 2024. Data from World Bank, covering 1990–2025.
Overview
Iceland's ppp conversion factor stood at 137.75 in 2025, a decline of +4.01 from 2024. Based on recent trends, this figure is projected to reach 137.75 by 2025. Iceland ranked 48th globally.
Iceland's PPP Conversion Factor, which measures the relative purchasing power of the country's currency, has exhibited considerable variability over the past three and a half decades. With a latest value of 137.75, Iceland ranks 48th globally, significantly higher than its all-time trough of 67.30 in 1990. The country's strongest performance occurred in 2020, when the PPP Conversion Factor reached an all-time peak of 143.25. This upward trend is mirrored in Armenia, which ranked highest among Iceland's peer countries with a PPP Conversion Factor of 150.42. In contrast, Vanuatu, another peer country, has a PPP Conversion Factor of 114.94, indicating a lower purchasing power relative to Iceland. The steady increase in Iceland's PPP Conversion Factor suggests a strong economy, but a decline in the country's cost competitiveness and increase in import prices could potentially disrupt this trend.
Data & projection
| Year | PPP Conversion Factor | YoY change | Rank |
|---|---|---|---|
| 2027* trend | 136.21 | - | - |
| 2026* trend | 136.98 | - | - |
| 2025* trend | 137.75 | - | - |
| 2025 | 137.75 | −4.01 | #48 |
| 2024 | 141.76 | +3.91 | #143 |
| 2023 | 137.85 | +2.95 | #150 |
| 2022 | 134.90 | −7.69 | #152 |
| 2021 | 142.59 | −0.67 | #156 |
| 2020 | 143.25 | +4.59 | #158 |
| 2019 | 138.67 | −2.30 | #157 |
| 2018 | 140.97 | +2.69 | #158 |
| 2017 | 138.28 | −1.75 | #161 |
| 2016 | 140.03 | −1.94 | #160 |
| 2015 | 141.97 | +3.43 | #160 |
| 2014 | 138.55 | +1.53 | #160 |
| 2013 | 137.02 | +0.05 | #162 |
| 2012 | 136.97 | +1.82 | #162 |
| 2011 | 135.15 | +2.23 | #163 |
Detected Pattern
Analysis
Iceland matched the Export Boom Cycle pattern in 2016. Historically, 71% of countries showing this pattern (546 out of 768) saw ppp conversion factor improve within 24 months. View full analysis →
Frequently Asked Questions
Iceland's ppp conversion factor was 137.75 in 2025. Ranked 48th globally. This represents a 2.8% decrease from the previous year.
Iceland's ppp conversion factor peaked at 143.25 in 2020.
The lowest ppp conversion factor in Iceland was 67.30 in 1990.
Iceland ranks 48th globally in ppp conversion factor as of 2025.
The World Bank indicator code is PA.NUS.PPP. Data sourced from World Bank.
Iceland's ppp conversion factor is projected to reach 137.75 by 2025 based on trend extrapolation.
The ppp conversion factor of Iceland in 2025 was 137.75. This ranks 48th in the world.
Cite this page
@misc{historysaid_iceland_ppp-conversion-factor,
title = {Iceland PPP Conversion Factor},
url = {https://historysaid.com/iceland/ppp-conversion-factor/},
publisher = {HistorySaid},
year = {2026}
}