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 376,248 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 111 position by nominal GDP. Its national debt in 2020 was 14,667 millions of euros (16,740 millions of dollars), ( 77.16% debt-to-GDP ratio) and its public debt per capita is €39,771 euros per inhabitant$45,390 dollars per inhabitant.

The last annual rate of CPI published in Iceland was on January of 2023 and it was 9.9%.

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 [+]2022Q318,235K
Annual GDP [+]2021€21,653M
Annual GDP [+]2021$25,459M
GDP per capita [+]2021€58,130
GDP per capita [+]2021$67,665
Quarterly GDP [+]2022Q3€6,861M
Debt (M.€.) [+]202014,667
Debt ($M) [+]202016,740
Debt (%GDP) [+]202077.16%
Debt Per Capita [+]2020€39,771
Debt Per Capita [+]2020$45,390
Deficit (M.€) [+]2021-1,719
Deficit ($M) [+]2021-2,034
Deficit (%GDP) [+]2021-7.90%
Expenditure (M.€) [+]202110,660.7
Expenditure ($M) [+]202112,608.4
Education Expenditure (M.€) [+]20181,684.6
Education Expenditure ($M) [+]20181,989.3
Education Expenditure (%Bud.) [+]201817.22%
Gov. Health Exp. (M.€) [+]20211,737.7
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) [+]202149.20%
Expenditure Per Capita [+]2021€28,334
Expenditure Per Capita [+]2021$33,511
Education Expenditure P.C [+]2018€4,776
Education Expenditure P.C [+]2018$5,709
Gov. Health Exp. P.C. [+]2021€4,712
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 [+]202274
Competitiveness Ranking [+]201926º
Fragile States Index [+]201820.3
RTI Raking [+]09/28/2018106º
Innovation Ranking [+]201823º
Unemployment Rate [+]December 20223.8%
Unemployment rate [+]2022Q33.4%
Unemployed [+]2022Q37K
NMW [+]2022$2,692.1
NMW [+]2022€2,378.1
Average Wage [+]2021$81,583
Average Wage [+]2021€68,980
Human Capital Ranking [+]201721º
Euro / Icelandic kronas [+]02/02/2023153.5000
US Dollar exchange rate [+]02/02/2023139.7000
Stock ExchangeYTD % [+]02/03/20236.30%
CPI (overall index) [+]January 20239.9%
HICP [+]December 20227.2%
Money Market
Key rates [+]11/23/20226.00%
Doing Business [+]202026º
Passengers vehicles Year [+]December 202216,627
Annual Vehicles/ 1,000 p. [+]December 202249.21
Vehicles / 1,000 people [+]2015787.14
Tax Revenue (%GDP) [+]202135.1%
Standard VAT [+]01/01/201524.00%
Top tax rate + SSC [+]202144.4%
Annual arrivals [+]20192,013,190
Exports [+]2021€5,083.9M
Exports [+]2021$5,956.7M
Exports % GDP [+]202123.48%
Imports [+]2021€6,554.9M
Imports [+]2021$7,825.8M
Imports % GDP [+]202130.27%
Trade balance [+]2021€-1,471.0M
Trade balance [+]2021$-1,869.0M
Trade balance % GDP [+]2021-6.79%
Global AgeWatch Ranking [+]2015
Density [+]20214
Global Peace Ranking [+]2022
Crude divorce rate [+]20201.90‰
Remittance received ($M) [+]2017171.9
% Immigrant [+]201914.39%
% Emigrant [+]201911.59%
Birth Rate [+]202113.10‰
Remittance sent ($M) [+]2017132.9
Crude death rate [+]20216.30‰
Fertility Rate [+]20201.72
Crude marriage rate [+]20205.00‰
% risk of poverty [+]20188.8%
Population [+]2021376,248
Immigrant stock [+]201952,404
Emigrant stock [+]201942,186
HDI [+]20210.959
Gender Gap Ranking [+]2022
Life expectancy [+]202183.20
Suicides [+]202047
Suicide rate [+]202012.80
Number of homicides [+]20205
Rate Homicides per 100.000 [+]20201.47
Energy and Environment
CO2 Tons per capita [+]20218.40
Consumption GWh [+]202118,709
Generation GWh [+]202119,263
COVID-19 - Deaths [+]02/03/2023199
COVID-19 - Confirmed [+]02/03/2023208,688
Fully vaccinated [+]03/29/2022290,193
COVID-19 - Deaths per million population [+]02/03/2023528.91
Doses administered [+]03/29/2022805,469