Income Distribution in Iceland Most Equal in Europe Skip to content

Income Distribution in Iceland Most Equal in Europe

The proportion of people at risk of poverty or social exclusion in Iceland in 2012 was the lowest in Europe, according to the latest figures published by Statistics Iceland.

money-banknotes_psPhoto: Páll Stefánsson/Iceland Review.

The rate in Iceland was 12.7 percent compared to 25 percent in the European Union. Norway had the second lowest rate among European countries followed by the Netherlands and the Czech Republic.

The countries with the highest proportion of people at risk of poverty or social exclusion were Bulgaria, Romania and Latvia. The indicator is based on three factors: household income, work participation of household members and which material goods the households can afford.

In 2012, purchasing power in Iceland remained the same between years after having dropped from 2009. The trend between 2011 and 2012 is similar for all income quintiles. The purchasing power decreased most for the highest income group between 2009 and 2011.

Click here for more information about the study.

PS

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article

Facebook
Twitter

Recommended Posts