Iceland
Compared with China, using real observed prices.
Baseline: 
China = 1×
Iceland
vs
China
Overall verdict
Iceland is about 1.95× China.
Average across 2 categories, 3 items with data
The shape of prices (vs China = 1×)
How to read this
The centre line is China. 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 China
China = 1×
Iceland is pricier →
China
China = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Electricity 1kWh (household) costs 2.4× what it does in China — but Gasoline 1L costs only 1.5×. 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 ×2.36Iceland
¥1.23
USD 0.179China
¥0.52
USD 0.076
-
Diesel 1L 1 L ×1.80Iceland
¥12.76
USD 1.878China
¥7.10
USD 1.045
-
Gasoline 1L 1 L ×1.46Iceland
¥11.73
USD 1.727China
¥8.01
USD 1.179
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