Iceland
Compared with Guatemala, using real observed prices.
Baseline: 
Guatemala = 1×
Iceland
vs
Guatemala
Overall verdict
Iceland is about 0.88× Guatemala.
Average across 2 categories, 3 items with data
The shape of prices (vs Guatemala = 1×)
How to read this
The centre line is Guatemala. 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 Guatemala
Guatemala = 1×
Iceland is pricier →
Guatemala
Guatemala = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Diesel 1L costs 1.3× what it does in Guatemala — but Electricity 1kWh (household) costs only 0.6×. What is expensive here is energy, not the goods that carry a world price.
Real prices. Real sources. Real dates.
-
Diesel 1L 1 L ×1.34Iceland
GTQ 14.40
USD 1.878Guatemala
GTQ 10.78
USD 1.406
-
Gasoline 1L 1 L ×1.23Iceland
GTQ 13.24
USD 1.727Guatemala
GTQ 10.79
USD 1.407
-
Electricity 1kWh (household) 1 kWh ×0.60Iceland
GTQ 1.37
USD 0.179Guatemala
GTQ 2.29
USD 0.299
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