Iceland vs Sweden: Productivity vs. educational attainment
Iceland
75.65 international-$ in 2021 prices per hour
in 2023
Sweden
80.74 international-$ in 2021 prices per hour
in 2023
Iceland rank
14th
Sweden rank
11th
Productivity vs. educational attainment over time
- Iceland
- Sweden
How they compare
Sweden currently reports 80.74 international-$ in 2021 prices per hour against 75.65 international-$ in 2021 prices per hour in Iceland, a difference of 5.09 international-$ in 2021 prices per hour.
That makes Sweden's figure about 1.1 times Iceland's.
The two have swapped places 2 times across 60 shared years of data; in 1964 it was Sweden ahead.
Iceland ranks 14th and Sweden ranks 11th of 130 countries.
Sweden has averaged higher in every one of the 7 decades both report.
Head to head by decade
| Decade | Iceland | Sweden | Difference | Ahead |
|---|---|---|---|---|
| 1960s | 21.61 international-$ in 2021 prices per hour | 25.07 international-$ in 2021 prices per hour | 3.46 international-$ in 2021 prices per hour | Sweden |
| 1970s | 30.28 international-$ in 2021 prices per hour | 33.24 international-$ in 2021 prices per hour | 2.96 international-$ in 2021 prices per hour | Sweden |
| 1980s | 39.16 international-$ in 2021 prices per hour | 39.98 international-$ in 2021 prices per hour | 0.8263 international-$ in 2021 prices per hour | Sweden |
| 1990s | 44.6 international-$ in 2021 prices per hour | 51.78 international-$ in 2021 prices per hour | 7.18 international-$ in 2021 prices per hour | Sweden |
| 2000s | 53.13 international-$ in 2021 prices per hour | 66.91 international-$ in 2021 prices per hour | 13.77 international-$ in 2021 prices per hour | Sweden |
| 2010s | 62.32 international-$ in 2021 prices per hour | 74.8 international-$ in 2021 prices per hour | 12.48 international-$ in 2021 prices per hour | Sweden |
| 2020s | 72.35 international-$ in 2021 prices per hour | 81.73 international-$ in 2021 prices per hour | 9.39 international-$ in 2021 prices per hour | Sweden |
Averages of every year both report within each decade.
Frequently asked questions
- Which has higher productivity vs. educational attainment, Iceland or Sweden?
- Sweden, at 80.74 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 Iceland and Sweden?
- 5.09 international-$ in 2021 prices per hour, with Sweden ahead.
- How many years of comparable data are there for Iceland and Sweden?
- 60 years are reported by both, from 1964 to 2023.
- How do Iceland and Sweden rank globally for productivity vs. educational attainment?
- Iceland ranks 14th and Sweden ranks 11th 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.