Petroleum Engineer: Iceland vs United Kingdom
Side-by-side salary comparison · Estimated based on OECD & BLS data
🇮🇸 Iceland pays 47% more
Iceland
ISK
Estimated Salary (USD)
$119,096
per year
Local Currency (ISK)
kr16,435,248
per year
PPP Adjusted
$122,153
purchasing power
Big Mac Power
18,464
burgers / year
Global Percentile
Top 2%
United Kingdom
GBP
Estimated Salary (USD)
$80,901
per year
Local Currency (GBP)
£63,912
per year
PPP Adjusted
$126,307
purchasing power
Big Mac Power
15,264
burgers / year
Global Percentile
Top 36%
Visual Comparison
Salary (USD)
PPP Adjusted (USD)
Big Mac Power (burgers/year)
Key Takeaways
- ●
Petroleum Engineers in Iceland earn 47% more than in United Kingdom (nominal USD).
- ●
After adjusting for purchasing power (PPP), both countries offer similar real value.
- ●
Using the Big Mac Index, a Petroleum Engineer's salary buys 1.2x more Big Macs in Iceland.
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Frequently Asked Questions
Who pays Petroleum Engineers more: Iceland or United Kingdom?▾
Iceland pays Petroleum Engineers an estimated $119,096 USD per year, which is 47% more than United Kingdom's estimated $80,901 USD.
What is the PPP-adjusted salary for a Petroleum Engineer in Iceland vs United Kingdom?▾
The PPP-adjusted salary is $122,153 USD in Iceland and $126,307 USD in United Kingdom. PPP adjustment accounts for cost of living differences between the two countries.
How does the purchasing power compare for Petroleum Engineers?▾
Using the Big Mac Index, a Petroleum Engineer in Iceland can buy about 18,464 Big Macs per year, while in United Kingdom it's about 15,264 Big Macs.
Estimated based on OECD & BLS data. Actual salaries vary by experience, company, and region. Data is for informational purposes only.
Sources: BLS OEWS · OECD · World Bank · Big Mac Index