Iceland
Compared with Azerbaijan, using real observed prices.
Baseline: 
Azerbaijan = 1×
Iceland
vs
Azerbaijan
Overall verdict
Iceland is about 3.19× Azerbaijan.
Average across 2 categories, 3 items with data
The shape of prices (vs Azerbaijan = 1×)
How to read this
The centre line is Azerbaijan. A bar running right means Iceland is pricier; running left means cheaper. The thin bar behind shows the range from the cheapest to the priciest item in that category.
← Cheaper than Azerbaijan
Azerbaijan = 1×
Iceland is pricier →
Azerbaijan
Azerbaijan = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Electricity 1kWh (household) costs 3.7× what it does in Azerbaijan — but Gasoline 1L costs only 2.6×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Electricity 1kWh (household) 1 kWh ×3.73Iceland
AZN 0.30
USD 0.179Azerbaijan
AZN 0.08
USD 0.048
-
Diesel 1L 1 L ×2.90Iceland
AZN 3.20
USD 1.878Azerbaijan
AZN 1.10
USD 0.647
-
Gasoline 1L 1 L ×2.55Iceland
AZN 2.94
USD 1.727Azerbaijan
AZN 1.15
USD 0.676
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