As the Icelandic economy continues to recover from the 2008 financial crash, Iceland surges up the list of GDP per capita. According to data from Statistics Iceland the per capita GDP of Iceland in 2016 was the fifth highest in Europe. In 2015 Iceland was in tenth place, and eleventh place in 2014. GDP per capita in Iceland in 2016 was 28% above the EU28 average.
GDP per capita was highest in Luxembourg, where it was 158% above the European average, followed by Ireland, where it was 83% above the average, Switzerland where it was 61% above the average and Norway in fourth place, where GDP was 48% above the average. Statistics Iceland notes that the figures for Luxembourg should be taken with a grain of salt, as Luxembourg has a large number of people who are employed there and contribute to its GDP, but are not included in the resident population, thus skewing the per capita GDP upwards.
As the Icelandic economy continues to recover from the 2008 financial crash, Iceland surges up the list of GDP per capita. According to data from Statistics Iceland the per capita GDP of Iceland in 2016 was the fifth highest in Europe. In 2015 Iceland was in tenth place, and eleventh place in 2014. GDP per capita in Iceland in 2016 was 28% above the EU28 average.
GDP per capita was highest in Luxembourg, where it was 158% above the European average, followed by Ireland, where it was 83% above the average, Switzerland where it was 61% above the average and Norway in fourth place, where GDP was 48% above the average. Statistics Iceland notes that the figures for Luxembourg should be taken with a grain of salt, as Luxembourg has a large number of people who are employed there and contribute to its GDP, but are not included in the resident population, thus skewing the per capita GDP upwards.
