Country comparison Iceland vs North Macedonia

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Gouvernement
GDP Growth (%) [+]2024-1.2%chart3.0%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q322,143Kchart2,369K2025Q3Qu. GDP Per Capita [+]
Annual GDP [+]2024€30,697Mchart€15,672M2024Annual GDP [+]
Annual GDP [+]2024$33,222Mchart$16,679M2024Annual GDP [+]
GDP per capita [+]2024€79,400chart€8,5902024GDP per capita [+]
GDP per capita [+]2024$86,664chart$9,1692024GDP per capita [+]
Quarterly GDP [+]2025Q3€8,623Mchart€4,318M2025Q3Quarterly GDP [+]
Debt (M.€.) [+]202318,027chart8,4522024Debt (M.€.) [+]
Debt ($M) [+]202319,498chart9,1462024Debt ($M) [+]
Debt (%GDP) [+]202361.55%chart54.83%2024Debt (%GDP) [+]
Debt Per Capita [+]2023€46,998chart€4,6372024Debt Per Capita [+]
Debt Per Capita [+]2023$50,833chart$5,0182024Debt Per Capita [+]
Deficit (M.€) [+]2024-1,138chart-6852024Deficit (M.€) [+]
Deficit ($M) [+]2024-1,231chart-7422024Deficit ($M) [+]
Deficit (%GDP) [+]2024-3.70%chart-4.45%2024Deficit (%GDP) [+]
Expenditure (M.€) [+]202414,456.1chart5,661.12024Expenditure (M.€) [+]
Expenditure ($M) [+]202415,647.0chart6,125.62024Expenditure ($M) [+]
Education Expenditure (M.€) [+]20231,978.9chart139.92002Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20232,139.4chart132.62002Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202314.83%chart8.64%2002Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20242,318,346,769.3chart623.62023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20232,289.6chart674.32023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202316.06%chart12.05%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20190chart329.72024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20190chart350.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20200%chart5.55%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202447.10%chart36.73%2024Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€37,120chart€3,1062024Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$40,178chart$3,3612024Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€5,211chart€692002Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$5,695chart$652002Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€6,044chart€3402023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$5,908chart$3682023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2019€0chart€1812024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2019$0chart$1932024Defence Expenditure P.C. [+]
Moody's Rating [+]09/20/2024A1
S&P Rating [+]11/10/2023A+BB-05/24/2013S&P Rating [+]
Fitch Rating [+]05/22/2020ABB+05/15/2020Fitch Rating [+]
Corruption Index [+]202372chart422023Corruption Index [+]
Competitiveness Ranking [+]201926ºchart82º2019Competitiveness Ranking [+]
Fragile States Index [+]202415.2chart58.12024Fragile States Index [+]
RTI Raking [+]2024115ºchart26º2024RTI Raking [+]
Innovation Ranking [+]202422ºchart58º2024Innovation Ranking [+]
Labour
Unemployment Rate [+]November 20254.6%chart11.0%December 2025Unemployment Rate [+]
Unemployment rate [+]2025Q23.6%chart11.5%2025Q3Unemployment rate [+]
Unemployed [+]2025Q29Kchart92K2025Q3Unemployed [+]
NMW [+]2024$3,127.6chart$388.92023NMW [+]
NMW [+]2024€2,830.5chart€586.02026NMW [+]
Average Wage [+]2024$85,621
Average Wage [+]2024€79,104
Human Capital Ranking [+]201721ºchart67º2017Human Capital Ranking [+]
Markets
Euro / Icelandic kronas [+]02/11/2026145.2000
US Dollar exchange rate [+]02/11/2026122.0200
Stock ExchangeYTD % [+]02/11/20265.37%chart1.08%02/12/2026Stock ExchangeYTD % [+]
Prices
CPI (overall index) [+]January 20265.2%
HICP [+]December 20254.0%chart3.6%December 2025HICP [+]
5.0%December 2025PPI Year on Year [+]
Money Market
Key rates [+]11/19/20257.25%
Business
Doing Business [+]202026ºchart17º2020Doing Business [+]
2.4%December 2025IPI Year on Year [+]
Passengers vehicles Year [+]December 202420,014chart4,060December 2019Passengers vehicles Year [+]
Annual Vehicles/ 1,000 p. [+]December 202247.75chart2.24December 2019Annual Vehicles/ 1,000 p. [+]
Vehicles / 1,000 people [+]2021695.18chart205.562015Vehicles / 1,000 people [+]
Taxes
Tax Revenue (%GDP) [+]202436.9%
Standard VAT [+]01/01/201524.00%chart18.00%01/01/2006Standard VAT [+]
Top tax rate + SSC [+]202244.4%chart10.0%2020Top tax rate + SSC [+]
Trade
Annual arrivals [+]2021698,000chart537,0002022Annual arrivals [+]
Exports [+]2024€6,404.4Mchart€7,783.5M2024Exports [+]
Exports [+]2024$6,932.0Mchart$8,424.7M2024Exports [+]
Exports % GDP [+]202420.86%chart49.67%2024Exports % GDP [+]
Imports [+]2024€8,922.6Mchart€11,065.7M2024Imports [+]
Imports [+]2024$9,657.6Mchart$11,977.3M2024Imports [+]
Imports % GDP [+]202429.07%chart70.61%2024Imports % GDP [+]
Trade balance [+]2024€-2,518.2Mchart€-3,282.2M2024Trade balance [+]
Trade balance [+]2024$-2,725.7Mchart$-3,552.6M2024Trade balance [+]
Trade balance % GDP [+]2024-8.20%chart-20.94%2024Trade balance % GDP [+]
2.2%November 2025Retail Sales YoY [+]
Socio-Demography
Global AgeWatch Ranking [+]20157º
Density [+]20244chart712024Density [+]
Global Peace Ranking [+]20241ºchart38º2024Global Peace Ranking [+]
Crude divorce rate [+]20201.90‰chart1.00‰2021Crude divorce rate [+]
Remittance received ($M) [+]2017171.9chart314.02017Remittance received ($M) [+]
% Immigrant [+]202017.74%chart6.35%2020% Immigrant [+]
% Emigrant [+]202011.73%chart33.54%2020% Emigrant [+]
Birth Rate [+]202411.20‰chart8.80‰2024Birth Rate [+]
Remittance sent ($M) [+]2017132.9chart128.22017Remittance sent ($M) [+]
Crude death rate [+]20246.80‰chart11.10‰2024Crude death rate [+]
Fertility Rate [+]20231.55chart1.442024Fertility Rate [+]
Crude marriage rate [+]20205.00‰chart6.80‰2021Crude marriage rate [+]
% risk of poverty [+]20208.8%chart22.2%2023% risk of poverty [+]
Population [+]2024389,444chart1,822,6122024Population [+]
Immigrant stock [+]202065,424chart131,3112020Immigrant stock [+]
Emigrant stock [+]202043,251chart693,8962020Emigrant stock [+]
HDI [+]20220.959chart0.7652022HDI [+]
Gender Gap Ranking [+]20241ºchart58º2024Gender Gap Ranking [+]
Life expectancy [+]202482.80chart75.322023Life expectancy [+]
Suicides [+]202448chart1222010Suicides [+]
Suicide rate [+]202412.33chart5.902010Suicide rate [+]
Number of homicides [+]20235chart282023Number of homicides [+]
Rate Homicides per 100.000 [+]20231.29chart1.532023Rate Homicides per 100.000 [+]
Energy and Environment
CO2 Tons per capita [+]20238.79chart4.192023CO2 Tons per capita [+]
Consumption GWh [+]202319,273chart5,3642023Consumption GWh [+]
Generation GWh [+]202319,816chart6,2062023Generation GWh [+]
Others
COVID-19 - Deaths [+]01/18/2026186chart9,99101/18/2026COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]01/18/2026211,188chart352,09301/18/2026COVID-19 - Confirmed [+]
Fully vaccinated [+]12/23/2023297,934chart838,18105/07/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]01/18/2026477.60chart5,481.6901/18/2026COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/2023903,424chart1,862,98705/07/2023Doses administered [+]
Iceland
North Macedonia