Iceland

GDP Per Hour Worked

88.59
index relative to the U.S.
Dec 70Dec 74Dec 77Dec 82Dec 87Dec 90Dec 93Dec 96Dec 05Dec 08Dec 11Dec 14Dec 17Dec 200.00025.0050.0075.00100.00
  • Iceland
  • Global Median
Source: IMF

Global Ranking

8
Austria99.92
9
France99.54
10
Sweden99.46
12
Germany96.51
13
Iceland88.59
15
Finland87.58
16
Australia83.86
17
Italy80.69
18
Canada75.86

Europe Ranking

7
Austria99.92
8
France99.54
9
Sweden99.46
11
Germany96.51
12
Iceland88.59
14
Finland87.58
15
Italy80.69
16
Spain73.4
17
Slovenia65.88

News

Definition of GDP Per Hour Worked

The index sets the level of GDP per hour worked in the U.S. to 100 and uses it as basis to compare other countries. Countries with an index greater (smaller) than 100 have greater (lower) labor productivity than the U.S. The GDP used in the calculation is adjusted for Purchasing Power Parity to account for price differences across countries.

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