Iceland Iceland

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

Iceland, with a population of 387,758 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 105 position by nominal GDP. Its national debt in 2022 was 18,348 millions of euros (19,336 millions of dollars), ( 68.9% debt-to-GDP ratio) and its public debt per capita is €47,318 euros per inhabitant$49,867 dollars per inhabitant.

The last annual rate of CPI published in Iceland was on March of 2024 and it was 6.8%.

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 2021, leaving it in 3th place in the table of 191 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
Qu. GDP Per Capita [+]2023Q318,283K
Annual GDP [+]2023€28,693M
Annual GDP [+]2023$31,026M
GDP per capita [+]2023€72,860
GDP per capita [+]2023$80,013
Quarterly GDP [+]2023Q3€7,089M
Debt (M.€.) [+]202218,348
Debt ($M) [+]202219,336
Debt (%GDP) [+]202268.90%
Debt Per Capita [+]2022€47,318
Debt Per Capita [+]2022$49,867
Deficit (M.€) [+]2022-1,091
Deficit ($M) [+]2022-1,147
Deficit (%GDP) [+]2022-4.10%
Expenditure (M.€) [+]202212,689.3
Expenditure ($M) [+]202213,342.3
Education Expenditure (M.€) [+]20181,681.6
Education Expenditure ($M) [+]20181,985.8
Education Expenditure (%Bud.) [+]201817.25%
Gov. Health Exp. (M.€) [+]20221,888,902,952.6
Gov. Health Exp.($M) [+]20201,786.3
Gov. Health Exp. (%Bud.) [+]201715.74%
Defence Expenditure (M.€) [+]20190
Defence Expenditure ($M) [+]20190
Defence Expenditure (%Bud.) [+]20200%
Expenditure (%GDP) [+]202247.50%
Expenditure Per Capita [+]2022€32,725
Expenditure Per Capita [+]2022$34,409
Education Expenditure P.C [+]2018€4,768
Education Expenditure P.C [+]2018$5,699
Gov. Health Exp. P.C. [+]2022€5,020
Gov. Health Exp. P.C. [+]2020$4,906
Defence Expenditure P.C. [+]2019€0
Defence Expenditure P.C. [+]2019$0
Moody's Rating [+]07/14/2023A2
S&P Rating [+]11/10/2023A+
Fitch Rating [+]05/22/2020A
Corruption Index [+]202274
Competitiveness Ranking [+]201926º
Fragile States Index [+]201820.3
RTI Raking [+]2022112º
Innovation Ranking [+]201823º
Unemployment Rate [+]February 20243.5%
Unemployment rate [+]2023Q43.4%
Unemployed [+]2023Q48K
NMW [+]2022$2,720.3
NMW [+]2022€2,493.2
Average Wage [+]2022$81,134
Average Wage [+]2022€77,050
Human Capital Ranking [+]201721º
Euro / Icelandic kronas [+]04/12/2024150.5000
US Dollar exchange rate [+]04/12/2024141.2900
Stock ExchangeYTD % [+]04/12/2024-2.88%
CPI (overall index) [+]March 20246.8%
HICP [+]February 20245.3%
Money Market
Key rates [+]08/23/20239.25%
Doing Business [+]202026º
Passengers vehicles Year [+]December 202216,627
Annual Vehicles/ 1,000 p. [+]December 202247.75
Vehicles / 1,000 people [+]2021695.18
Tax Revenue (%GDP) [+]202236.0%
Standard VAT [+]01/01/201524.00%
Top tax rate + SSC [+]202244.4%
Annual arrivals [+]20192,013,190
Exports [+]2023€6,084.7M
Exports [+]2023$6,579.4M
Exports % GDP [+]202321.21%
Imports [+]2023€8,521.8M
Imports [+]2023$9,214.6M
Imports % GDP [+]202329.70%
Trade balance [+]2023€-2,437.0M
Trade balance [+]2023$-2,635.2M
Trade balance % GDP [+]2023-8.49%
Global AgeWatch Ranking [+]2015
Density [+]20224
Global Peace Ranking [+]2023
Crude divorce rate [+]20201.90‰
Remittance received ($M) [+]2017171.9
% Immigrant [+]202017.74%
% Emigrant [+]202011.73%
Birth Rate [+]202211.50‰
Remittance sent ($M) [+]2017132.9
Crude death rate [+]20227.00‰
Fertility Rate [+]20221.59
Crude marriage rate [+]20205.00‰
% risk of poverty [+]20199.3%
Population [+]2022387,758
Immigrant stock [+]202065,424
Emigrant stock [+]202043,251
HDI [+]20210.959
Gender Gap Ranking [+]2023
Life expectancy [+]202282.10
Suicides [+]202137
Suicide rate [+]20219.93
Number of homicides [+]20212
Rate Homicides per 100.000 [+]20210.54
Energy and Environment
CO2 Tons per capita [+]20218.40
Consumption GWh [+]202118,709
Generation GWh [+]202119,263
COVID-19 - Deaths [+]03/31/2024186
COVID-19 - Confirmed [+]03/31/2024209,915
Fully vaccinated [+]03/29/2022290,193
COVID-19 - Deaths per million population [+]03/31/2024479.68
Doses administered [+]03/29/2022805,469