Iceland

Economy

• GDP

  : 38.6 B$ (2025)

• GDP per capita

  : 98323 $ (2025)

• GDP growth

  : 1.3 % (2025)

• GDP, PPP

  : 32.7 B$ (2025)

• GDP per capita, PPP

  : 83431 $ (2025)

• Price level (relative cost of living)

  : 1.03 (2024)

• Inflation

  : 4.1 % (2025)

• Unemployment

  : 3.6 % (2025)

• Youth unemployment (ages 15-24)

  : 8.7 % (2025)

• Exports

  : 40.1 % (2025)

• Imports

  : 42.4 % (2025)

• Trade balance (goods and services)

  : -872.0 M$ (2025)

• Current account balance

  : -3.5 % (2025)

• Total reserves

  : 7.7 B$ (2025)

• Foreign direct investment

  : -0.5 % (2025)

• Poverty rate

  : 0.1 % (2019)

• Agriculture

  : 3.7 % (2025)

• Industry

  : 20.1 % (2025)

• Services

  : 66.2 % (2025)

• Remittances received

  : 0.7 % (2025)

• Outward foreign direct investment

  : -2.2 % (2025)

Demographics

• Population

  : 392 404 (2025)

• Population growth

  : 1.5 % (2025)

• Net migration

  : 2 709 (2025)

• Population density

  : 3.82 (2023)

• Life expectancy

  : 82.8 yrs (2024)

• Fertility rate

  : 1.56 (2024)

• Birth rate

  : 11.2 (2024)

• Death rate

  : 6.80 (2024)

• Urban population

  : 94.2 % (2025)

• Rural population

  : 5.8 % (2025)

• Labor force

  : 242 507 (2025)

• Infant mortality (under one year)

  : 0.1 % (2023)

• Age dependency ratio

  : 50.1 % (2023)

• Share of women in the population

  : 48.8 % (2025)

• Refugee population hosted

  : 7 879 (2024)

Social

• Education expenditure

  : 7.3 % (2022)

• Health expenditure

  : 9.0 % (2024)

• Gini index

  : 26.8 (2019)

• Internet users

  : 98.2 % (2024)

• Mobile subscriptions

  : 120.9 (2024)

• Access to electricity

  : 100.0 % (2024)

• Access to basic drinking water

  : 100.0 % (2024)

• Median income

  : 61 $ (2019)

• Income share of the top 10%

  : 22.4 % (2019)

• PISA score — mathematics

  : 458.9 (2022)

• PISA score — reading literacy

  : 435.9 (2022)

• PISA score — science

  : 447.0 (2022)

• Primary school completion

  : 97.4 % (2025)

• Mean years of schooling

  : 13.9 yrs (2023)

• Harmonised learning outcomes

  : 497.7 (2020)

• Bank account ownership

  : 100.0 % (2024)

• Labour force participation (ages 25-64)

  : 85.5 % (2025)

• Gender pay gap

  : 11.8 % (2022)

Defense

• Armed forces personnel

  : 0.0 (2020)

• Death rate from armed conflicts

  : 0.0 (2025)

Environment

• CO₂ per capita

  : 8.52 (2024)

• Renewable energy

  : 82.4 % (2021)

• Renewable electricity production

  : 100.0 % (2016)

• Energy consumption

  : 15 997 (2024)

• Forest area

  : 0.5 % (2023)

• Threatened bird species

  : 7.00 (2022)

• Threatened fish species

  : 20.0 (2022)

• Threatened mammal species

  : 6.00 (2022)

• Electricity from coal

  : 0.0 % (2024)

• Electricity from gas

  : 0.0 % (2024)

• Electricity from hydropower

  : 70.7 % (2024)

• Electricity from nuclear

  : 0.0 % (2024)

• Electricity from solar

  : 0.1 % (2024)

• Electricity from wind

  : 0.1 % (2024)

• Greenhouse gases per capita

  : 10.5 (2024)

• Greenhouse gases (total)

  : 4.1 M (2024)

• Fine particulate exposure (PM2.5)

  : 4.60 (2024)

• Forest area (absolute)

  : 51.4 (2020)

Health

• DTP3 immunization coverage

  : 94.0 % (2024)

• Measles immunization coverage

  : 97.0 % (2024)

• Under-five mortality

  : 2.80 (2024)

• Maternal mortality ratio

  : 3.00 (2023)

• Non-communicable disease mortality (ages 30-70)

  : 8.5 % (2021)

• Hypertension prevalence (ages 30-79)

  : 24.2 % (2019)

• Adult obesity prevalence

  : 19.4 % (2022)

• Diabetes prevalence (ages 20-79)

  : 6.9 % (2024)

• Smoking prevalence, adults (age-standardized)

  : 9.2 % (2024)

• Universal health coverage

  : 90.0 (2023)

• HIV prevalence (ages 15-49)

  : 0.1 % (2024)

• Physicians

  : 4.37 (2023)

• Hospital beds

  : 2.83 (2020)

• Adolescent fertility (ages 15-19)

  : 3.07 (2024)

Public finances

• Government expenditure

  : 32.0 % (2023)

• Fiscal balance

  : -1.1 % (2023)

• General government debt

  : 68.9 % (2022)

• Primary balance

  : -0.9 % (2022)

Governance

• Control of corruption

  : 1.83 (2024)

• Government effectiveness

  : 1.65 (2024)

• Intentional homicides

  : 1.29 (2023)

• Political stability

  : 1.21 (2024)

• Rule of law

  : 1.63 (2024)

• Regulatory quality

  : 1.33 (2024)

• Voice and accountability

  : 1.42 (2024)

• Political regime

  : 3.00 (2025)

• Free and fair elections

  : 1.00 (2025)

Business

• Investment (gross fixed capital formation)

  : 26.7 % (2025)

• New business density

  : 10.9 (2024)

• Credit to the private sector

  : 99.8 % (2020)

• Non-performing bank loans

  : 2.9 % (2020)

• Inward foreign direct investment (amount)

  : -201.7 M$ (2025)

Consumption

• Household consumption

  : 49.6 % (2025)

• Gross national savings

  : 23.0 % (2025)

Well-being

• Self-reported life satisfaction

  : 7.54 (2025)