Iceland World Economy Ranking: 61 stats

Economic indicators provided by The World Bank. Freedom indexes by The Heritage and Cato Institute. Human development data from the United Nations Office of Drugs and Crime.

Gross Domestic Product & Income

Stat	Iceland	Rank
GDP	$25.9B	108
GDP growth, 1 year	4.6%	51
GDP growth, 5-years average	4.5%	47
Population	357k	173
GDP per capita	$73k	8
GDP per capita growth	1.6%	108
Purchasing Power Parity conversion factor	138.33	44
Price level ratio of PPP conversion factor GDP to market exchange rate	1.28	1
GDP per capita, PPP adjusted	$56k	17
GNI, Atlas method	$24B	107
GNI per capita	$68k	5
GNI, PPP adjusted	$19.5B	142
GNI per capita, PPP adjusted	$55k	15

Financial system and Human development

Stat	Iceland	Rank
Income Tax Rate	31.8%	102
Corporate Tax Rate	20%	58
Inflation, consumer prices	2.7%	105
Inflation, GDP deflator	2.4%	86
Unemployment	2.9%	39
Economic Freedom Index	77.1	12
Personal Freedom Index	9.27	8
Human Freedom Index	8.22	28
Property Rights Index	87.6	8
Judical Effectiveness Index	63.2	30
Business Freedom Index	84.7	13
Fiscal Health Index	97.5	16
Labor Freedom Index	63.5	63
Investment Freedom Index	85	14
Financial Freedom Index	70	25
Trade Freedom Index	86.8	12
Monetary Freedom Index	80.3	52
Government Spending Index	44.1	153
Tax Burden Index	71.7	129
Government Integrity Index	90.3	9
Corruption Perceptions Index	76	19
Life expectancy at birth, years	82.2	19
Suicide mortality rate, per 100,000 people	14	163
Mortality caused by road traffic injury, per 100,000 people	6.6	41
Intentional homicides, per 100,000 people	0.9	35
International tourism, number of arrivals	2.3M	83

Government debt & reserves

Stat	Iceland	Rank
Central government debt, % of GDP	35.4%	144
External debt stocks, % of GNI	N/A	-
External debt stocks	N/A	-
Short-term debt, % of total reserves	N/A	-
Total debt service, % of exports and primary income	N/A	-
Adjusted net savings including particulate emission damage, % of GNI	16.6%	31
Gross savings, % of GDP	21.2%	86
Gross capital formation, % of GDP	22.6%	102
Total reserves including gold	$6.3B	86
Foreign direct investment net inflows	-$434.6M	180

Exports, imports and economic structure

Stat	Iceland	Rank
Exports of goods and services, % of GDP	47.2%	57
Imports of goods and services, % of GDP	44.1%	88
Current account balance (balance of payments)	$731.3M	39
Revenue excluding grants, % of GDP	31%	46
Grants excluding technical cooperation, BoP	N/A	-
Personal remittances received	$168.9M	133
Industry including construction value added, % of GDP	19.6%	130
Agriculture, forestry and fishing value added, % of GDP	4.6%	116
Charges for the use of intellectual property, payments BoP	$143.4M	67
Charges for the use of intellectual property, receipts BoP	$241.7M	34
Expense, % of GDP	30.8%	51
Government Expenditure, % of GDP	43.2%	26