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 368,792 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 107 position by nominal GDP. Its national debt in 2020 was 14,689 millions of euros (16,740 millions of dollars), ( 77.41% debt-to-GDP ratio) and its public debt per capita is €39,829 euros per inhabitant$45,390 dollars per inhabitant.

The last annual rate of CPI published in Iceland was on April of 2022 and it was 7.2%.

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 0.949 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 [+]2021Q415,506K
Annual GDP [+]2021€21,532M
Annual GDP [+]2021$25,466M
GDP per capita [+]2021€58,010
GDP per capita [+]2021$69,052
Quarterly GDP [+]2021Q4€5,718M
Debt (M.€.) [+]202014,689
Debt ($M) [+]202016,740
Debt (%GDP) [+]202077.41%
Debt Per Capita [+]2020€39,829
Debt Per Capita [+]2020$45,390
Deficit (M.€) [+]2021-1,920
Deficit ($M) [+]2021-2,271
Deficit (%GDP) [+]2021-8.90%
Expenditure (M.€) [+]202110,622.7
Expenditure ($M) [+]202112,563.5
Education Expenditure (M.€) [+]20181,684.6
Education Expenditure ($M) [+]20181,989.3
Education Expenditure (%Bud.) [+]201817.22%
Gov. Health Exp. (M.€) [+]20201,573.6
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) [+]202149.30%
Expenditure Per Capita [+]2021€28,804
Expenditure Per Capita [+]2021$34,067
Education Expenditure P.C [+]2018€4,776
Education Expenditure P.C [+]2018$5,709
Gov. Health Exp. P.C. [+]2020€4,321
Gov. Health Exp. P.C. [+]2020$4,906
Defence Expenditure P.C. [+]2019€0
Defence Expenditure P.C. [+]2019$0
Moody's Rating [+]08/20/2021A2
S&P Rating [+]03/17/2017A
Fitch Rating [+]05/22/2020A
Corruption Index [+]202174
Competitiveness Ranking [+]201926º
Fragile States Index [+]201820.3
RTI Raking [+]09/28/2018106º
Innovation Ranking [+]201823º
Labour
Unemployment Rate [+]March 20224.3%
Unemployment rate [+]2021Q44.5%
Unemployed [+]2021Q49K
Average Wage [+]2021$79,582
Average Wage [+]2021€67,288
Human Capital Ranking [+]201721º
Markets
Euro / Icelandic kronas [+]05/20/2022138.5000
US Dollar exchange rate [+]05/20/2022130.9400
Stock ExchangeYTD % [+]05/23/2022-11.76%
Prices
CPI (overall index) [+]April 20227.2%
HICP [+]April 20225.6%
Money Market
Key rates [+]05/04/20223.75%
Business
Doing Business [+]201921º
Passengers vehicles Year [+]April 202214,439
Annual Vehicles/ 1,000 p. [+]March 202241.51
Vehicles / 1,000 people [+]2015787.14
Taxes
Tax Revenue (%GDP) [+]202036.0%
Standard VAT [+]01/01/201524.00%
Top tax rate + SSC [+]202044.4%
Trade
Annual arrivals [+]20192,013,190
Exports [+]2021€5,058.7M
Exports [+]2021$5,956.7M
Exports % GDP [+]202123.49%
Imports [+]2021€6,562.2M
Imports [+]2021$7,825.8M
Imports % GDP [+]202130.48%
Trade balance [+]2021€-1,503.5M
Trade balance [+]2021$-1,869.0M
Trade balance % GDP [+]2021-6.98%
Socio-Demography
Global AgeWatch Ranking [+]2015
Density [+]20204
Global Peace Ranking [+]2021
Crude divorce rate [+]20201.90‰
Remittance received ($M) [+]2017171.9
% Immigrant [+]201914.39%
% Emigrant [+]201911.59%
Birth Rate [+]202012.30‰
Remittance sent ($M) [+]2017132.9
Crude death rate [+]20206.30‰
Fertility Rate [+]20201.72
Crude marriage rate [+]20205.00‰
% risk of poverty [+]20188.8%
Population [+]2020368,792
Immigrant stock [+]201952,404
Emigrant stock [+]201942,186
HDI [+]20190.949
Gender Gap Ranking [+]2020
Life expectancy [+]202183.20
Suicides [+]202047
Suicide rate [+]202012.74
Number of homicides [+]20191
Rate Homicides per 100.000 [+]20190.29
Energy and Environment
CO2 Tons per capita [+]20209.23
Consumption GWh [+]202017,912
Generation GWh [+]202018,431
Others
COVID-19 - Deaths [+]05/22/2022153
COVID-19 - Confirmed [+]05/22/2022187,262
Fully vaccinated [+]03/29/2022290,193
COVID-19 - Deaths per million population [+]05/22/2022414.87
Doses administered [+]03/29/2022805,469