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

Iceland, with a population of 389,444 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 106 position by nominal GDP. Its national debt in 2023 was 18,027 millions of euros (19,498 millions of dollars), ( 61.55% debt-to-GDP ratio) and its public debt per capita is €46,998 euros per inhabitant$50,833 dollars per inhabitant.

The last annual rate of CPI published in Iceland was on February of 2026 and it was 5.2%.

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
GDP Growth (%) [+]20251.3%
Qu. GDP Per Capita [+]2025Q422,396K
Annual GDP [+]2025€34,257M
Annual GDP [+]2025$38,583M
GDP per capita [+]2025€87,390
GDP per capita [+]2025$99,397
Quarterly GDP [+]2025Q4€8,722M
Debt (M.€.) [+]202318,027
Debt ($M) [+]202319,498
Debt (%GDP) [+]202361.55%
Debt Per Capita [+]2023€46,998
Debt Per Capita [+]2023$50,833
Deficit (M.€) [+]2024-1,138
Deficit ($M) [+]2024-1,231
Deficit (%GDP) [+]2024-3.70%
Expenditure (M.€) [+]202414,456.1
Expenditure ($M) [+]202415,647.0
Education Expenditure (M.€) [+]20231,978.2
Education Expenditure ($M) [+]20232,139.4
Education Expenditure (%Bud.) [+]202314.83%
Gov. Health Exp. (M.€) [+]20242,318.3
Gov. Health Exp.($M) [+]20232,289.6
Gov. Health Exp. (%Bud.) [+]202316.06%
Defence Expenditure (M.€) [+]20190
Defence Expenditure ($M) [+]20190
Defence Expenditure (%Bud.) [+]20200%
Expenditure (%GDP) [+]202447.10%
Expenditure Per Capita [+]2024€37,120
Expenditure Per Capita [+]2024$40,178
Education Expenditure P.C [+]2023€5,211
Education Expenditure P.C [+]2023$5,695
Gov. Health Exp. P.C. [+]2024€6,044
Gov. Health Exp. P.C. [+]2023$5,908
Defence Expenditure P.C. [+]2019€0
Defence Expenditure P.C. [+]2019$0
Moody's Rating [+]09/20/2024A1
S&P Rating [+]03/06/2026A+
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 20265.3%
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 [+]03/13/2026144.2000
US Dollar exchange rate [+]03/13/2026125.6500
Stock ExchangeYTD % [+]03/13/2026-1.14%
Prices
CPI (overall index) [+]February 20265.2%
HICP [+]December 20254.0%
Money Market
Key rates [+]11/19/20257.25%
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) [+]202436.9%
Standard VAT [+]01/01/201524.00%
Top tax rate + SSC [+]202244.4%
Trade
Annual arrivals [+]2021698,000
Exports [+]2025€6,429.3M
Exports [+]2025$7,265.0M
Exports % GDP [+]202518.77%
Imports [+]2025€9,513.7M
Imports [+]2025$10,750.3M
Imports % GDP [+]202527.77%
Trade balance [+]2025€-3,084.4M
Trade balance [+]2025$-3,485.3M
Trade balance % GDP [+]2025-9.00%
Socio-Demography
Global AgeWatch Ranking [+]2015
Density [+]20244
Global Peace Ranking [+]2024
Crude divorce rate [+]20201.90‰
Remittance received ($M) [+]2017171.9
% Immigrant [+]202017.74%
% Emigrant [+]202011.73%
Birth Rate [+]202411.20‰
Remittance sent ($M) [+]2017132.9
Crude death rate [+]20246.80‰
Fertility Rate [+]20241.56
Crude marriage rate [+]20205.00‰
% risk of poverty [+]20208.8%
Population [+]2024389,444
Immigrant stock [+]202065,424
Emigrant stock [+]202043,251
HDI [+]20220.959
Gender Gap Ranking [+]2024
Life expectancy [+]202482.80
Suicides [+]202448
Suicide rate [+]202412.33
Number of homicides [+]20235
Rate Homicides per 100.000 [+]20231.29
Energy and Environment
CO2 Tons per capita [+]20238.79
Consumption GWh [+]202418,485
Generation GWh [+]202419,057
Others
COVID-19 - Deaths [+]02/08/2026186
COVID-19 - Confirmed [+]02/08/2026211,230
Fully vaccinated [+]12/23/2023297,934
COVID-19 - Deaths per million population [+]02/08/2026477.60
Doses administered [+]12/23/2023903,424