Getting electricity: Price of electricity (US cents per kWh) in Iceland
Iceland: Getting electricity: Price of electricity (US cents per kWh) was 12.2 DB16-20 methodology in 2019. ▲ Rising
Getting electricity: Price of electricity (US cents per kWh) in Iceland, 2014–2019
Source: World Bank. Measured in DB16-20 methodology.
Analysis
Iceland recorded 12.2 DB16-20 methodology for getting electricity: price of electricity (us cents per kwh) in 2019. That is the highest value across all 6 years on record.
That represents a change of up 22.0% on the previous year and up 37.1% over ten years.
Iceland ranks 121st of 187 countries on this measure, in the middle of the range.
Getting electricity: Price of electricity (US cents per kWh) in Iceland, year by year
| Year | DB16-20 methodology | Change |
|---|---|---|
| 2014 | 8.9 DB16-20 methodology | — |
| 2015 | 8.9 DB16-20 methodology | +0.0% |
| 2016 | 8.8 DB16-20 methodology | -1.1% |
| 2017 | 9.4 DB16-20 methodology | +6.8% |
| 2018 | 10 DB16-20 methodology | +6.4% |
| 2019 | 12.2 DB16-20 methodology | +22.0% |
Countries ranked near Iceland
- 118 Morocco 12.4 DB16-20 methodology compare
- 118 Zimbabwe 12.4 DB16-20 methodology compare
- 120 Canada 12.3 DB16-20 methodology compare
- 122 Luxembourg 12.1 DB16-20 methodology compare
- 123 Malaysia 12 DB16-20 methodology compare
- 123 Nepal 12 DB16-20 methodology compare
- 123 New Zealand 12 DB16-20 methodology compare
More private sector data for Iceland
- Merchandise trade 46.9% (2025)
- Food imports 11.1% (2025)
- Manufactures imports 71.1% (2025)
- Merchandise imports 10.94 billion current US$ (2025)
- Food exports 46.9% (2025)
- Manufactures exports 14.0% (2025)
- Merchandise exports 7.17 billion current US$ (2025)
- Merchandise exports (current US$), per capita 18,264 current US$ per person (2025)
- Merchandise exports (current US$), per unit of GDP 0.1858 current US$ per US$ of GDP (2025)
- Merchandise exports (current US$), annual growth rate 3.33 % change on previous year (2025)
Frequently asked questions
- What is getting electricity: price of electricity (us cents per kwh) in Iceland?
- Getting electricity: price of electricity (us cents per kwh) in Iceland was 12.2 DB16-20 methodology in 2019, according to the World Bank.
- What is the highest getting electricity: price of electricity (us cents per kwh) recorded in Iceland?
- The highest recorded value was 12.2 DB16-20 methodology in 2019.
- What is the lowest getting electricity: price of electricity (us cents per kwh) recorded in Iceland?
- The lowest recorded value was 8.8 DB16-20 methodology in 2016.
- How does Iceland rank for getting electricity: price of electricity (us cents per kwh)?
- Iceland ranks 121st out of 187 countries with data for 2019.
- Is getting electricity: price of electricity (us cents per kwh) rising or falling in Iceland?
- Over the last ten years it is up 37.1%. The long-run trend across the full record is rising.
- Where does this Iceland data come from?
- The figures come from the World Bank, published as part of Getting electricity: Price of electricity (US cents per kWh) (DB16-20 methodology). Statizoid updates them automatically from the source API.
Download this data
CSV · JSON — 6 observations, free to reuse under CC BY 4.0 (World Bank Open Data).
About this data
The price of electricity is measured in U.S. cents per kWh. A monthly electricity consumption is assumed, for which a bill is then computed for a warehouse based in the largest business city of the economy for the month of March. The bill is then expressed back as a unit of kWh. The index is computed based on the methodology in the DB16-20 studies.