Iceland
Compared with Belgium, using real observed prices.
Baseline: 
Belgium = 1×
Iceland
vs
Belgium
Overall verdict
Iceland is about 0.60× Belgium.
Average across 2 categories, 3 items with data
The shape of prices (vs Belgium = 1×)
How to read this
The centre line is Belgium. 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 Belgium
Belgium = 1×
Iceland is pricier →
Belgium
Belgium = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Gasoline 1L costs 0.8× what it does in Belgium — but Electricity 1kWh (household) costs only 0.4×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Gasoline 1L 1 L ×0.81Iceland
€1.52
USD 1.727Belgium
€1.87
USD 2.123
-
Diesel 1L 1 L ×0.80Iceland
€1.65
USD 1.878Belgium
€2.07
USD 2.36
-
Electricity 1kWh (household) 1 kWh ×0.44Iceland
€0.15
USD 0.179Belgium
€0.35
USD 0.406
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