Economist: Iceland vs United Kingdom
Side-by-side salary comparison · Estimated based on OECD & BLS data
🇮🇸 Iceland pays 47% more
Iceland
ISK
Estimated Salary (USD)
$109,514
per year
Local Currency (ISK)
kr15,112,932
per year
PPP Adjusted
$112,325
purchasing power
Big Mac Power
16,979
burgers / year
Global Percentile
Top 2%
United Kingdom
GBP
Estimated Salary (USD)
$74,391
per year
Local Currency (GBP)
£58,769
per year
PPP Adjusted
$116,144
purchasing power
Big Mac Power
14,036
burgers / year
Global Percentile
Top 36%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Economists in Iceland earn 47% more than in United Kingdom (nominal USD).
- ●
After adjusting for purchasing power (PPP), both countries offer similar real value.
- ●
Using the Big Mac Index, a Economist's salary buys 1.2x more Big Macs in Iceland.
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Frequently Asked Questions
Who pays Economists more: Iceland or United Kingdom?▾
Iceland pays Economists an estimated $109,514 USD per year, which is 47% more than United Kingdom's estimated $74,391 USD.
What is the PPP-adjusted salary for a Economist in Iceland vs United Kingdom?▾
The PPP-adjusted salary is $112,325 USD in Iceland and $116,144 USD in United Kingdom. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Economists?▾
Using the Big Mac Index, a Economist in Iceland can buy about 16,979 Big Macs per year, while in United Kingdom it's about 14,036 Big Macs.
Estimated based on OECD & BLS data. Actual salaries vary by experience, company, and region. Data is for informational purposes only.
Sources: BLS OEWS · OECD · World Bank · Big Mac Index