Country comparison Iceland vs Somalia

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Gouvernement
GDP Growth (%) [+]2024-1.2%chart4.1%2024GDP Growth (%) [+]
Qu. GDP Per Capita [+]2025Q322,143K
Annual GDP [+]2024€30,697Mchart€11,056M2024Annual GDP [+]
Annual GDP [+]2024$33,222Mchart$11,967M2024Annual GDP [+]
GDP per capita [+]2024€79,400chart€5822024GDP per capita [+]
GDP per capita [+]2024$86,664chart$6302024GDP per capita [+]
Quarterly GDP [+]2025Q3€8,623M
Debt (M.€.) [+]202318,027
Debt ($M) [+]202319,498
Debt (%GDP) [+]202361.55%
Debt Per Capita [+]2023€46,998
Debt Per Capita [+]2023$50,833
Deficit (M.€) [+]2024-1,138chart52023Deficit (M.€) [+]
Deficit ($M) [+]2024-1,231chart52023Deficit ($M) [+]
Deficit (%GDP) [+]2024-3.70%chart0.05%2023Deficit (%GDP) [+]
Expenditure (M.€) [+]202414,456.1chart677.72023Expenditure (M.€) [+]
Expenditure ($M) [+]202415,647.0chart733.02023Expenditure ($M) [+]
Education Expenditure (M.€) [+]20231,978.9chart0.02023Education Expenditure (M.€) [+]
Education Expenditure ($M) [+]20232,139.4chart0.02023Education Expenditure ($M) [+]
Education Expenditure (%Bud.) [+]202314.83%chart8.13%2025Education Expenditure (%Bud.) [+]
Gov. Health Exp. (M.€) [+]20242,318,346,769.3chart53.82023Gov. Health Exp. (M.€) [+]
Gov. Health Exp.($M) [+]20232,289.6chart58.22023Gov. Health Exp.($M) [+]
Gov. Health Exp. (%Bud.) [+]202316.06%chart7.90%2023Gov. Health Exp. (%Bud.) [+]
Defence Expenditure (M.€) [+]20190chart175.32024Defence Expenditure (M.€) [+]
Defence Expenditure ($M) [+]20190chart189.82024Defence Expenditure ($M) [+]
Defence Expenditure (%Bud.) [+]20200%chart21.57%2024Defence Expenditure (%Bud.) [+]
Expenditure (%GDP) [+]202447.10%chart6.68%2023Expenditure (%GDP) [+]
Expenditure Per Capita [+]2024€37,120chart€372023Expenditure Per Capita [+]
Expenditure Per Capita [+]2024$40,178chart$402023Expenditure Per Capita [+]
Education Expenditure P.C [+]2023€5,211chart€02023Education Expenditure P.C [+]
Education Expenditure P.C [+]2023$5,695chart$02023Education Expenditure P.C [+]
Gov. Health Exp. P.C. [+]2024€6,044chart€32023Gov. Health Exp. P.C. [+]
Gov. Health Exp. P.C. [+]2023$5,908chart$32023Gov. Health Exp. P.C. [+]
Defence Expenditure P.C. [+]2019€0chart€92024Defence Expenditure P.C. [+]
Defence Expenditure P.C. [+]2019$0chart$102024Defence Expenditure P.C. [+]
Moody's Rating [+]09/20/2024A1
S&P Rating [+]11/10/2023A+
Fitch Rating [+]05/22/2020A
Corruption Index [+]202372chart112023Corruption Index [+]
Competitiveness Ranking [+]201926º
Fragile States Index [+]202415.2chart111.32024Fragile States Index [+]
RTI Raking [+]2024115º
Innovation Ranking [+]202422º
Labour
Unemployment Rate [+]November 20254.6%
Unemployment rate [+]2025Q23.6%
Unemployed [+]2025Q29K
NMW [+]2024$3,127.6
NMW [+]2024€2,830.5
Average Wage [+]2024$85,621
Average Wage [+]2024€79,104
Human Capital Ranking [+]201721º
Markets
Euro / Icelandic kronas [+]01/21/2026146.2000
US Dollar exchange rate [+]01/21/2026124.5400
Stock ExchangeYTD % [+]01/21/20263.50%
Prices
CPI (overall index) [+]December 20254.5%
HICP [+]December 20254.0%
Money Market
Key rates [+]11/19/20257.25%
Business
Doing Business [+]202026ºchart190º2020Doing Business [+]
Passengers vehicles Year [+]December 202420,014
Annual Vehicles/ 1,000 p. [+]December 202247.75
Vehicles / 1,000 people [+]2021695.18
Taxes
Tax Revenue (%GDP) [+]202436.9%chart2.6%2022Tax Revenue (%GDP) [+]
Standard VAT [+]01/01/201524.00%
Top tax rate + SSC [+]202244.4%
Trade
Annual arrivals [+]2021698,000
Exports [+]2024€6,404.4Mchart€695.7M2023Exports [+]
Exports [+]2024$6,932.0Mchart$752.2M2023Exports [+]
Exports % GDP [+]202420.86%chart6.86%2023Exports % GDP [+]
Imports [+]2024€8,922.6Mchart€3,867.0M2023Imports [+]
Imports [+]2024$9,657.6Mchart$4,181.3M2023Imports [+]
Imports % GDP [+]202429.07%chart38.16%2023Imports % GDP [+]
Trade balance [+]2024€-2,518.2Mchart€-3,171.3M2023Trade balance [+]
Trade balance [+]2024$-2,725.7Mchart$-3,429.1M2023Trade balance [+]
Trade balance % GDP [+]2024-8.20%chart-31.29%2023Trade balance % GDP [+]
Socio-Demography
Global AgeWatch Ranking [+]20157º
Density [+]20244chart302024Density [+]
Global Peace Ranking [+]20241ºchart153º2024Global Peace Ranking [+]
Crude divorce rate [+]20201.90‰
Remittance received ($M) [+]2017171.9
% Immigrant [+]202017.74%chart0.35%2020% Immigrant [+]
% Emigrant [+]202011.73%chart12.22%2020% Emigrant [+]
Birth Rate [+]202411.20‰chart42.96‰2023Birth Rate [+]
Remittance sent ($M) [+]2017132.9chart0.92017Remittance sent ($M) [+]
Crude death rate [+]20246.80‰chart9.84‰2023Crude death rate [+]
Fertility Rate [+]20231.55chart6.132023Fertility Rate [+]
Crude marriage rate [+]20205.00‰
% risk of poverty [+]20208.8%chart55.4%2022% risk of poverty [+]
Population [+]2024389,444chart19,009,1512024Population [+]
Immigrant stock [+]202065,424chart58,5902020Immigrant stock [+]
Emigrant stock [+]202043,251chart2,034,2212020Emigrant stock [+]
HDI [+]20220.959chart0.3802022HDI [+]
Gender Gap Ranking [+]20241º
Life expectancy [+]202482.80chart58.822023Life expectancy [+]
Suicides [+]202448chart5782015Suicides [+]
Suicide rate [+]202412.33chart4.192015Suicide rate [+]
Number of homicides [+]20235
Rate Homicides per 100.000 [+]20231.29
Energy and Environment
CO2 Tons per capita [+]20238.79chart0.052023CO2 Tons per capita [+]
Consumption GWh [+]202319,273chart3972023Consumption GWh [+]
Generation GWh [+]202319,816chart4122023Generation GWh [+]
Others
COVID-19 - Deaths [+]12/28/2025186chart1,36112/28/2025COVID-19 - Deaths [+]
COVID-19 - Confirmed [+]12/28/2025211,172chart27,33412/28/2025COVID-19 - Confirmed [+]
Fully vaccinated [+]12/23/2023297,934chart7,666,83507/25/2023Fully vaccinated [+]
COVID-19 - Deaths per million population [+]12/28/2025477.60chart71.6012/28/2025COVID-19 - Deaths per million population [+]
Doses administered [+]12/23/2023903,424chart10,555,83407/25/2023Doses administered [+]
Iceland
Somalia