Australia vs Iceland: Productivity vs. educational attainment
Australia
76.78 international-$ in 2021 prices per hour
in 2023
Iceland
75.65 international-$ in 2021 prices per hour
in 2023
Australia rank
13th
Iceland rank
14th
Productivity vs. educational attainment over time
- Australia
- Iceland
How they compare
Australia currently reports 76.78 international-$ in 2021 prices per hour against 75.65 international-$ in 2021 prices per hour in Iceland, a difference of 1.13 international-$ in 2021 prices per hour.
The two have swapped places 6 times across 60 shared years of data; in 1964 it was Australia ahead.
Australia ranks 13th and Iceland ranks 14th of 130 countries.
Across the 7 decades both report, Australia averaged higher in 6 and Iceland in 1.
Head to head by decade
| Decade | Australia | Iceland | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 28.38 international-$ in 2021 prices per hour | 21.61 international-$ in 2021 prices per hour | 6.77 international-$ in 2021 prices per hour | Australia |
| 1970s | 32.69 international-$ in 2021 prices per hour | 30.28 international-$ in 2021 prices per hour | 2.41 international-$ in 2021 prices per hour | Australia |
| 1980s | 38.63 international-$ in 2021 prices per hour | 39.16 international-$ in 2021 prices per hour | 0.5287 international-$ in 2021 prices per hour | Iceland |
| 1990s | 46.23 international-$ in 2021 prices per hour | 44.6 international-$ in 2021 prices per hour | 1.63 international-$ in 2021 prices per hour | Australia |
| 2000s | 57.72 international-$ in 2021 prices per hour | 53.13 international-$ in 2021 prices per hour | 4.59 international-$ in 2021 prices per hour | Australia |
| 2010s | 68.57 international-$ in 2021 prices per hour | 62.32 international-$ in 2021 prices per hour | 6.25 international-$ in 2021 prices per hour | Australia |
| 2020s | 76.41 international-$ in 2021 prices per hour | 72.35 international-$ in 2021 prices per hour | 4.06 international-$ in 2021 prices per hour | Australia |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher productivity vs. educational attainment, Australia or Iceland?
- Australia, at 76.78 international-$ in 2021 prices per hour against 75.65 international-$ in 2021 prices per hour in Iceland as of 2023.
- What is the difference in productivity vs. educational attainment between Australia and Iceland?
- 1.13 international-$ in 2021 prices per hour, with Australia ahead.
- How many years of comparable data are there for Australia and Iceland?
- 60 years are reported by both, from 1964 to 2023.
- How do Australia and Iceland rank globally for productivity vs. educational attainment?
- Australia ranks 13th and Iceland ranks 14th of 130 countries.
- Where does this data come from?
- Feenstra et al. - Penn World Table (2025) – with major processing by Our World in Data, published as Productivity vs. educational attainment. Statizoid refreshes it automatically from the source and publishes the full history for both places.
Individual pages
About this data
Productivity is calculated as GDP divided by the total number of hours worked in the economy. This data is adjusted for inflation and differences in living costs between countries.