GDP per capita; PPP (US dollar) in Iceland

The GDP per capita; PPP (US dollar) in Iceland was last reported at 34894.87 in 2010, according to a World Bank report released in 2011. The GDP per capita; PPP (US dollar) in Iceland was 36791.13 in 2009, according to a World Bank report, published in 2010. The GDP per capita; PPP (US dollar) in Iceland was reported at 39375.45 in 2008, according to the World Bank. GDP per capita based on purchasing power parity (PPP). PPP GDP is gross domestic product converted to international dollars using purchasing power parity rates. An international dollar has the same purchasing power over GDP as the U.S. dollar has in the United States. GDP at purchaser's prices is the sum of gross value added by all resident producers in the economy plus any product taxes and minus any subsidies not included in the value of the products. It is calculated without making deductions for depreciation of fabricated assets or for depletion and degradation of natural resources. Data are in current international dollars.This page includes a historical data chart, news and forecasts for GDP per capita; PPP (US dollar) in Iceland. Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. The economy depends heavily on the fishing industry, which provides 40% of export earnings and employs 5% of the work force. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism.

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