Productivity vs. educational attainment in Iceland
Iceland: Productivity vs. educational attainment was 75.65 international-$ in 2021 prices per hour in 2023. ▲ Rising
Latest (2023)
75.65 international-$ in 2021 prices per hour
Change on year
up 2.8%
World rank
14th
of 130 countries
All-time high
75.65 international-$ in 2021 prices per hour
in 2023
All-time low
20.34 international-$ in 2021 prices per hour
in 1964
Years of data
60
1964–2023
Productivity vs. educational attainment in Iceland, 1964–2023
Source: Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data. Measured in international-$ in 2021 prices per hour.
Analysis
The most recent figure for productivity vs. educational attainment in Iceland is 75.65 international-$ in 2021 prices per hour, measured in 2023. That is the highest value across all 60 years on record.
The figure is up 2.8% on the previous year and up 22.9% over ten years.
Over the whole period, productivity vs. educational attainment in Iceland peaked at 75.65 international-$ in 2021 prices per hour in 2023 and was at its lowest, 20.34 international-$ in 2021 prices per hour, in 1964.
That places Iceland 14th out of 130 countries with data for 2023, putting it in the top quarter.
The long-run direction has been consistently rising across the 60 years of available data.
Productivity vs. educational attainment in Iceland, year by year
| Year | international-$ in 2021 prices per hour | Change |
|---|---|---|
| 1964 | 20.34 international-$ in 2021 prices per hour | — |
| 1965 | 21.52 international-$ in 2021 prices per hour | +5.8% |
| 1966 | 22.55 international-$ in 2021 prices per hour | +4.8% |
| 1967 | 22.31 international-$ in 2021 prices per hour | -1.1% |
| 1968 | 20.88 international-$ in 2021 prices per hour | -6.4% |
| 1969 | 22.07 international-$ in 2021 prices per hour | +5.7% |
| 1970 | 23.01 international-$ in 2021 prices per hour | +4.3% |
| 1971 | 26.77 international-$ in 2021 prices per hour | +16.3% |
| 1972 | 26.28 international-$ in 2021 prices per hour | -1.8% |
| 1973 | 28.78 international-$ in 2021 prices per hour | +9.5% |
| 1974 | 30.31 international-$ in 2021 prices per hour | +5.3% |
| 1975 | 30.38 international-$ in 2021 prices per hour | +0.2% |
| 1976 | 29.89 international-$ in 2021 prices per hour | -1.6% |
| 1977 | 34.31 international-$ in 2021 prices per hour | +14.8% |
| 1978 | 35.74 international-$ in 2021 prices per hour | +4.2% |
| 1979 | 37.36 international-$ in 2021 prices per hour | +4.5% |
| 1980 | 38.64 international-$ in 2021 prices per hour | +3.4% |
| 1981 | 38.77 international-$ in 2021 prices per hour | +0.4% |
| 1982 | 39.02 international-$ in 2021 prices per hour | +0.6% |
| 1983 | 35.21 international-$ in 2021 prices per hour | -9.8% |
| 1984 | 38.11 international-$ in 2021 prices per hour | +8.2% |
| 1985 | 36.49 international-$ in 2021 prices per hour | -4.2% |
| 1986 | 38.73 international-$ in 2021 prices per hour | +6.1% |
| 1987 | 40.92 international-$ in 2021 prices per hour | +5.7% |
| 1988 | 43.45 international-$ in 2021 prices per hour | +6.2% |
| 1989 | 42.24 international-$ in 2021 prices per hour | -2.8% |
| 1990 | 42.87 international-$ in 2021 prices per hour | +1.5% |
| 1991 | 43.61 international-$ in 2021 prices per hour | +1.7% |
| 1992 | 41.84 international-$ in 2021 prices per hour | -4.1% |
| 1993 | 42.2 international-$ in 2021 prices per hour | +0.9% |
| 1994 | 43.96 international-$ in 2021 prices per hour | +4.2% |
| 1995 | 43.03 international-$ in 2021 prices per hour | -2.1% |
| 1996 | 43.59 international-$ in 2021 prices per hour | +1.3% |
| 1997 | 46.92 international-$ in 2021 prices per hour | +7.6% |
| 1998 | 47.92 international-$ in 2021 prices per hour | +2.1% |
| 1999 | 50.04 international-$ in 2021 prices per hour | +4.4% |
| 2000 | 47.93 international-$ in 2021 prices per hour | -4.2% |
| 2001 | 49.14 international-$ in 2021 prices per hour | +2.5% |
| 2002 | 51.29 international-$ in 2021 prices per hour | +4.4% |
| 2003 | 50.94 international-$ in 2021 prices per hour | -0.7% |
| 2004 | 54 international-$ in 2021 prices per hour | +6.0% |
| 2005 | 54.4 international-$ in 2021 prices per hour | +0.7% |
| 2006 | 49.62 international-$ in 2021 prices per hour | -8.8% |
| 2007 | 50.89 international-$ in 2021 prices per hour | +2.6% |
| 2008 | 58.01 international-$ in 2021 prices per hour | +14.0% |
| 2009 | 65.13 international-$ in 2021 prices per hour | +12.3% |
| 2010 | 62.33 international-$ in 2021 prices per hour | -4.3% |
| 2011 | 62.35 international-$ in 2021 prices per hour | +0.0% |
| 2012 | 64.15 international-$ in 2021 prices per hour | +2.9% |
| 2013 | 61.57 international-$ in 2021 prices per hour | -4.0% |
| 2014 | 61.28 international-$ in 2021 prices per hour | -0.5% |
| 2015 | 61.87 international-$ in 2021 prices per hour | +1.0% |
| 2016 | 59.73 international-$ in 2021 prices per hour | -3.5% |
| 2017 | 59.63 international-$ in 2021 prices per hour | -0.2% |
| 2018 | 60.94 international-$ in 2021 prices per hour | +2.2% |
| 2019 | 69.4 international-$ in 2021 prices per hour | +13.9% |
| 2020 | 68.75 international-$ in 2021 prices per hour | -0.9% |
| 2021 | 71.42 international-$ in 2021 prices per hour | +3.9% |
| 2022 | 73.58 international-$ in 2021 prices per hour | +3.0% |
| 2023 | 75.65 international-$ in 2021 prices per hour | +2.8% |
Iceland compared with similar countries
- Iceland's 75.65 international-$ in 2021 prices per hour is above the median for high income countries, which is 51.52 international-$ in 2021 prices per hour, 1.5× the median. (51 countries reporting)
- Iceland's 75.65 international-$ in 2021 prices per hour is above the median for Europe & Central Asia, which is 46.15 international-$ in 2021 prices per hour, 1.6× the median. (47 countries reporting)
Averages by decade
| Decade | Average | Lowest | Highest | Years |
|---|---|---|---|---|
| 1960s | 21.61 international-$ in 2021 prices per hour | 20.34 international-$ in 2021 prices per hour | 22.55 international-$ in 2021 prices per hour | 6 |
| 1970s | 30.28 international-$ in 2021 prices per hour | 23.01 international-$ in 2021 prices per hour | 37.36 international-$ in 2021 prices per hour | 10 |
| 1980s | 39.16 international-$ in 2021 prices per hour | 35.21 international-$ in 2021 prices per hour | 43.45 international-$ in 2021 prices per hour | 10 |
| 1990s | 44.6 international-$ in 2021 prices per hour | 41.84 international-$ in 2021 prices per hour | 50.04 international-$ in 2021 prices per hour | 10 |
| 2000s | 53.13 international-$ in 2021 prices per hour | 47.93 international-$ in 2021 prices per hour | 65.13 international-$ in 2021 prices per hour | 10 |
| 2010s | 62.32 international-$ in 2021 prices per hour | 59.63 international-$ in 2021 prices per hour | 69.4 international-$ in 2021 prices per hour | 10 |
| 2020s | 72.35 international-$ in 2021 prices per hour | 68.75 international-$ in 2021 prices per hour | 75.65 international-$ in 2021 prices per hour | 4 |
Countries ranked near Iceland
- 11 Sweden 80.74 international-$ in 2021 prices per hour compare
- 12 France 77.67 international-$ in 2021 prices per hour compare
- 13 Australia 76.78 international-$ in 2021 prices per hour compare
- 15 Finland 69.63 international-$ in 2021 prices per hour compare
- 16 Qatar 69.42 international-$ in 2021 prices per hour compare
- 17 United Kingdom 68.03 international-$ in 2021 prices per hour compare
More education data for Iceland
- Repeaters in primary education, all grades, both sexes (number), gaps 0 (2023)
- Enrolment in pre-primary education, male (number), gaps filled 6,661 (2023)
- Enrolment in pre-primary education, female (number), gaps filled 6,167 (2023)
- Secondary education, pupils, gaps filled 37,056 (2023)
- Primary education, duration (years), annual growth rate 0 % change on previous year (2025)
- Primary education, pupils, gaps filled 32,314 (2023)
- Primary education, pupils, annual growth rate -1.17 % change on previous year (2023)
- Primary education, pupils, per unit of GDP 0 units per US$ of GDP (2023)
- Primary education, pupils, per capita 0.0838 units per person (2023)
- Secondary education, duration (years), annual growth rate 0 % change on previous year (2025)
Frequently asked questions
- What is productivity vs. educational attainment in Iceland?
- Productivity vs. educational attainment in Iceland was 75.65 international-$ in 2021 prices per hour in 2023, according to Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data.
- What is the highest productivity vs. educational attainment recorded in Iceland?
- The highest recorded value was 75.65 international-$ in 2021 prices per hour in 2023.
- What is the lowest productivity vs. educational attainment recorded in Iceland?
- The lowest recorded value was 20.34 international-$ in 2021 prices per hour in 1964.
- How does Iceland rank for productivity vs. educational attainment?
- Iceland ranks 14th out of 130 countries with data for 2023.
- Is productivity vs. educational attainment rising or falling in Iceland?
- Over the last ten years it is up 22.9%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from Feenstra et al. – Penn World Table (2025) – with major processing by Our World in Data, published as part of Productivity vs. educational attainment. Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 60 observations, free to reuse under CC BY 4.0 (Our World in Data).
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.