buys in the United States, at purchasing power parity
And $100 in the United States buys what $118 buys in Iceland. Prices across Iceland's economy average 118% of the United States', so a dollar goes 18% further in the United States.
World Bank figures for 2025 unless another year is shown
Measure
Iceland
United States
Economy
Population
392,404
341.8 million
GDPUS dollars, market exchange rates
$38.6 billion
$30.8 trillion
GDP per personUS dollars
$98,323
$90,027
GDP per person at PPPInternational dollars
$83,431
$90,027
Prices
Price levelUS prices = 100%
118%
100%
A US dollar goes as far as
$0.85 in the US
$1.00 in the US
Income
Median income or consumptionPer person, international dollars
$60.63 a day2019 survey · $22,130 a year · income
$72.07 a day2024 survey · $26,306 a year · income
More figures: GDP at PPP, conversion factor and GNI▾
Gross national income is what residents earn, at home and abroad
Measure
Iceland
United States
GDP at PPPInternational dollars
$32.7 billion
$30.8 trillion
PPP conversion factorLocal currency per international dollar
151.4Iceland krona
1.000U.S. dollar
GNI per person, Atlas methodUS dollars
$89,220
$88,810
GNI per person at PPPInternational dollars
$83,250
$89,490
World Bank income groups: Iceland, high income; United States, high income.
GDP per person at PPP· 2000 to 2025, in constant 2021 international dollarsAdjusted for inflation, so recent years read lower than the current-dollar figures above.