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 364,134 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 112 position by nominal GDP. Its national debt in 2018 was 13,572 millions of euros (16,029 millions of dollars), ( 61.15% debt-to-GDP ratio) and its public debt per capita is 38,019€ euros per inhabitant44,900$ dollars per inhabitant.

The last annual rate of CPI published in Iceland was on April of 2021 and it was 4.6%.

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 0.949 points in 2019, leaving it in 5th place in the table of 189 countries published.

If the reason to visit Iceland are business, you must know it's in the 21th 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 [+]2020Q413,142€
Annual GDP [+]202019,022M.€
Annual GDP [+]202021,727M.$
GDP per capita [+]202052,170€
GDP per capita [+]202059,668$
Quarterly GDP [+]2020Q44,785M.€
Debt (M.€.) [+]201813,572
Debt (M.$.) [+]201816,029
Debt (%GDP) [+]201861.15%
Debt Per Capita [+]201838,019€
Debt Per Capita [+]201844,900$
Deficit (M.€) [+]2020-1,391
Deficit (M.$) [+]2020-1,589
Deficit (%GDP) [+]2020-7.30%
Expenditure (M.€) [+]20209,452.9
Expenditure (M.$) [+]202010,797.1
Education Expenditure (M.€) [+]20161,402.8
Education Expenditure (M.$) [+]20161,551.1
Education Expenditure (%Bud.) [+]201616.84%
Gov. Health Exp. (M.€) [+]20191,573.7
Gov. Health Exp.(M.$) [+]20191,761.7
Gov. Health Exp. (%Bud.) [+]201715.74%
Defence Expenditure (M.€) [+]20190
Defence Expenditure (M.$) [+]20190
Defence Expenditure (%Bud.) [+]20190%
Expenditure (%GDP) [+]202049.70%
Expenditure Per Capita [+]202025,960€
Expenditure Per Capita [+]202029,651$
Education Expenditure P.C [+]20164,183€
Education Expenditure P.C [+]20164,665$
Gov. Health Exp. P.C. [+]20194,408€
Gov. Health Exp. P.C. [+]20194,935$
Defence Expenditure P.C. [+]20190€
Defence Expenditure P.C. [+]20190$
Moody's Rating [+]11/08/2019A2
S&P Rating [+]03/17/2017A
Fitch Rating [+]05/22/2020A
Corruption Index [+]201876
Competitiveness Ranking [+]201926º
Fragile States Index [+]201820.3
RTI Raking [+]09/28/2018106º
Innovation Ranking [+]201823º
Labour
Unemployment Rate [+]March 20217.2%
Unemployment rate [+]2020Q47.5%
Unemployed [+]2020Q415 m.
Average Wage [+]202059,800€
Average Wage [+]202068,304$
Human Capital Ranking [+]201721º
Markets
Euro / Icelandic kronas [+]05/05/2021150.8000
US Dollar exchange rate [+]05/05/2021125.6100
Stock ExchangeYTD % [+]05/06/202115.20%
Prices
CPI (overall index) [+]April 20214.6%
HICP [+]March 20213.8%
Money Market
Key rates [+]11/18/20200.75%
Business
Doing Business [+]201921º
Passengers vehicles Year [+]March 20219,063
Annual Vehicles/ 1,000 p. [+]March 202128.15
Vehicles / 1,000 people [+]2015787.14
Taxes
Standard VAT [+]01/01/201524.00%
Top tax rate + SSC [+]202044.4%
Trade
Annual arrivals [+]20192,013,190
Exports [+]20204,020.5 M.€
Exports [+]20204,586.4 M.$
Exports % GDP [+]202021.14%
Imports [+]20204,940.6 M.€
Imports [+]20205,697.9 M.$
Imports % GDP [+]202025.97%
Trade balance [+]2020-920.0 M.€
Trade balance [+]2020-1,111.5 M.$
Trade balance % GDP [+]2020-4.84%
Socio-Demography
Global AgeWatch Ranking [+]2015
Density [+]20194
Global Peace Ranking [+]2020
Crude divorce rate [+]20111.60‰
Remittance received (M.$) [+]2017171.9
% Immigrant [+]201914.39%
% Emigrant [+]201911.59%
Birth Rate [+]201912.30‰
Remittance sent (M.$) [+]2017132.9
Crude death rate [+]20196.30‰
Fertility Rate [+]20191.74
Crude marriage rate [+]20114.60‰
% risk of poverty [+]20159.6%
Population [+]2019364,134
Immigrant stock [+]201952,404
Emigrant stock [+]201942,186
HDI [+]20190.949
Gender Gap Ranking [+]2020
Life expectancy [+]202083.10
Suicides [+]201834
Suicide rate [+]20189.60
Number of homicides [+]20183
Rate Homicides per 100.000 [+]20180.89
Energy and Environment
CO2 Tons per capita [+]201911.53
Consumption GWh [+]201918,679
Generation GWh [+]201919,265
Others
COVID-19 - Deaths [+]05/05/202129
COVID-19 - Confirmed [+]05/05/20216,497
Fully vaccinated [+]05/05/202142,301
COVID-19 - Deaths per million population [+]05/05/202179.64
Doses administered [+]05/05/2021157,230