Iceland
Compared with Turkey, using real observed prices.
Baseline: 
Turkey = 1×
Iceland
vs
Turkey
Overall verdict
Iceland is about 1.80× Turkey.
Average across 2 categories, 3 items with data
The shape of prices (vs Turkey = 1×)
How to read this
The centre line is Turkey. 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 Turkey
Turkey = 1×
Iceland is pricier →
Turkey
Turkey = 1×
Iceland is pricier →
Thin bar shows the range (cheapest to priciest item in the category)
In Iceland, Electricity 1kWh (household) costs 2.7× what it does in Turkey — but Diesel 1L costs only 1.2×. 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 ×2.67Iceland
TRY 7.96
USD 0.179Turkey
TRY 2.98
USD 0.067
-
Gasoline 1L 1 L ×1.24Iceland
TRY 80.60
USD 1.727Turkey
TRY 64.97
USD 1.392
-
Diesel 1L 1 L ×1.19Iceland
TRY 87.65
USD 1.878Turkey
TRY 73.42
USD 1.573
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