Iceland, is a country located at Northern Europe, it has an area of 103,000 Km2.

Iceland, with a population of 383,567 people, it is one of the least populous country in the world and it has a low population density, 4 people per km2.

It's capital is Reykjavik and its currency is Icelandic kronas

Iceland is holding the 108 position by nominal GDP. Its national debt in 2023 was 18,027 millions of euros (19,497 millions of dollars), ( 61.99% debt-to-GDP ratio) and its public debt per capita is €46,998 euros per inhabitant$50,832 dollars per inhabitant.

The last annual rate of CPI published in Iceland was on April of 2025 and it was 4.2%.

In terms of the human development index (HDI) of Iceland, which is the index used by the United Nations to measure the progress of a country, was 0.959 points in 2022, leaving it in 3th place in the table of 193 countries published.

If the reason to visit Iceland are business, you must know it's in the 26th of the Doing Business ranking , which provides objective measures of business regulations for local firms.

In the tables at the bottom of the page, you can see more information about the economy and demography of Iceland, if you want to see information about other countries click here

Reykjavik: Monthly Temp.
Reykjavik: Monthly Rainfall
Iceland Economy
Gouvernement
Qu. GDP Per Capita [+]2024Q420,676K
Annual GDP [+]2024€30,919M
Annual GDP [+]2024$33,463M
GDP per capita [+]2024€79,980
GDP per capita [+]2024$87,205
Quarterly GDP [+]2024Q4€7,931M
Debt (M.€.) [+]202318,027
Debt ($M) [+]202319,497
Debt (%GDP) [+]202361.99%
Debt Per Capita [+]2023€46,998
Debt Per Capita [+]2023$50,832
Deficit (M.€) [+]2024-1,077
Deficit ($M) [+]2024-1,166
Deficit (%GDP) [+]2024-3.50%
Expenditure (M.€) [+]202414,301.0
Expenditure ($M) [+]202415,479.1
Education Expenditure (M.€) [+]20221,948.6
Education Expenditure ($M) [+]20222,048.8
Education Expenditure (%Bud.) [+]202214.90%
Gov. Health Exp. (M.€) [+]20232,166,188,898.3
Gov. Health Exp.($M) [+]20222,206.8
Gov. Health Exp. (%Bud.) [+]202216.54%
Defence Expenditure (M.€) [+]20190
Defence Expenditure ($M) [+]20190
Defence Expenditure (%Bud.) [+]20200%
Expenditure (%GDP) [+]202446.30%
Expenditure Per Capita [+]2024€37,284
Expenditure Per Capita [+]2024$40,356
Education Expenditure P.C [+]2022€5,265
Education Expenditure P.C [+]2022$5,615
Gov. Health Exp. P.C. [+]2023€5,586
Gov. Health Exp. P.C. [+]2022$5,802
Defence Expenditure P.C. [+]2019€0
Defence Expenditure P.C. [+]2019$0
Moody's Rating [+]09/20/2024A1
S&P Rating [+]11/10/2023A+
Fitch Rating [+]05/22/2020A
Corruption Index [+]202372
Competitiveness Ranking [+]201926º
Fragile States Index [+]202415.2
RTI Raking [+]2024115º
Innovation Ranking [+]202422º
Labour
Unemployment Rate [+]January 20253.6%
Unemployment rate [+]2024Q43.2%
Unemployed [+]2024Q47K
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 [+]05/22/2025144.6000
US Dollar exchange rate [+]05/22/2025127.8600
Stock ExchangeYTD % [+]05/22/2025-9.59%
Prices
CPI (overall index) [+]April 20254.2%
HICP [+]April 20253.9%
Money Market
Key rates [+]05/21/20257.50%
Business
Doing Business [+]202026º
Passengers vehicles Year [+]December 202420,014
Annual Vehicles/ 1,000 p. [+]December 202247.75
Vehicles / 1,000 people [+]2021695.18
Taxes
Tax Revenue (%GDP) [+]202436.4%
Standard VAT [+]01/01/201524.00%
Top tax rate + SSC [+]202244.4%
Trade
Annual arrivals [+]2021698,000
Exports [+]2024€6,404.4M
Exports [+]2024$6,932.0M
Exports % GDP [+]202420.71%
Imports [+]2024€8,922.6M
Imports [+]2024$9,657.6M
Imports % GDP [+]202428.86%
Trade balance [+]2024€-2,518.2M
Trade balance [+]2024$-2,725.7M
Trade balance % GDP [+]2024-8.14%
Socio-Demography
Global AgeWatch Ranking [+]2015
Density [+]20234
Global Peace Ranking [+]2024
Crude divorce rate [+]20201.90‰
Remittance received ($M) [+]2017171.9
% Immigrant [+]202017.74%
% Emigrant [+]202011.73%
Birth Rate [+]202311.20‰
Remittance sent ($M) [+]2017132.9
Crude death rate [+]20236.70‰
Fertility Rate [+]20231.55
Crude marriage rate [+]20205.00‰
% risk of poverty [+]20208.8%
Population [+]2023383,567
Immigrant stock [+]202065,424
Emigrant stock [+]202043,251
HDI [+]20220.959
Gender Gap Ranking [+]2024
Life expectancy [+]202382.40
Suicides [+]202346
Suicide rate [+]202311.99
Number of homicides [+]20224
Rate Homicides per 100.000 [+]20221.05
Energy and Environment
CO2 Tons per capita [+]20238.79
Consumption GWh [+]202319,584
Generation GWh [+]202320,127
Others
COVID-19 - Deaths [+]08/04/2024186
COVID-19 - Confirmed [+]08/04/2024210,374
Fully vaccinated [+]03/29/2022290,193
COVID-19 - Deaths per million population [+]08/04/2024484.92
Doses administered [+]03/29/2022805,469