Iceland vs Iran: Economic Indicators Comparison

Iran with a GDP of $454B ranked the 29th largest economy in the world, while Iceland ranked 108th with $25.9B. By GDP 5-years average growth and GDP per capita, Iran and Iceland ranked 102nd vs 47th and 105th vs 8th, respectively.

Gross Domestic Product & Income

StatIcelandIran
GDP$25.9B$454B
GDP growth, 1 year4.6%-3.9%
GDP growth, 5-years average4.5%2.8%
Population357k80M
GDP per capita$73k$5.6k
GDP per capita growth1.6%2.33%
Purchasing Power Parity conversion factor138.339035.96
Price level ratio of PPP conversion factor GDP to market exchange rate1.280.27
GDP per capita, PPP adjusted$56k$20k
GNI, Atlas method$24B$441B
GNI per capita$68k$5.5k
GNI, PPP adjusted$19.5B$1.7T
GNI per capita, PPP adjusted$55k$21k

Financial system and Human development

StatIcelandIran
Income Tax Rate31.8%35%
Corporate Tax Rate20%25%
Inflation, consumer prices2.7%31.2%
Inflation, GDP deflator2.4%12.2%
Unemployment2.9%12%
Economic Freedom Index77.149.2
Personal Freedom Index9.274.83
Human Freedom Index8.225.29
Property Rights Index87.636.9
Judical Effectiveness Index63.237.1
Business Freedom Index84.757.3
Fiscal Health Index97.586.5
Labor Freedom Index63.550.7
Investment Freedom Index855
Financial Freedom Index7010
Trade Freedom Index86.854.6
Monetary Freedom Index80.349
Government Spending Index44.189.2
Tax Burden Index71.781
Government Integrity Index90.333.5
Corruption Perceptions Index7628
Life expectancy at birth, years82.276.3
Suicide mortality rate, per 100,000 people144.1
Mortality caused by road traffic injury, per 100,000 people6.620.5
Intentional homicides, per 100,000 people0.92.5
International tourism, number of arrivals2.3M7.3M

Government debt & reserves

StatIcelandIran
Central government debt, % of GDP35.4%33.2%
External debt stocks, % of GNIN/A1.5%
External debt stocksN/A$6.3B
Short-term debt, % of total reservesN/A62.1%
Total debt service, % of exports and primary incomeN/A0.8%
Adjusted net savings including particulate emission damage, % of GNI16.6%8.2%
Gross savings, % of GDP21.2%37.7%
Gross capital formation, % of GDP22.6%34.7%
Total reserves including gold$6.3B$7.7B
Foreign direct investment net inflows-$434.6M$3.5B

Exports, imports and economic structure

StatIcelandIran
Exports of goods and services, % of GDP47.2%24.9%
Imports of goods and services, % of GDP44.1%23.8%
Current account balance (balance of payments)$731.3M$12.5B
Revenue excluding grants, % of GDP31%25.4%
Grants excluding technical cooperation, BoPN/A$65M
Personal remittances received$168.9M$1.3B
Industry including construction value added, % of GDP19.6%34.9%
Agriculture, forestry and fishing value added, % of GDP4.6%9.5%
Charges for the use of intellectual property, payments BoP$143.4MN/A
Charges for the use of intellectual property, receipts BoP$241.7MN/A
Expense, % of GDP30.8%19.6%
Government Expenditure, % of GDP43.2%19%

Compare with countries close by GDP per capita

Iceland vs

CountryGDP
per capita
Population
Monaco
$186k
38.7k
Liechtenstein
$165k
37.9k
Luxembourg
$117k
626k
Switzerland
$83k
8.47M
Norway
$82k
5.37M
Cayman Islands
$81k
58.4k
Ireland
$79k
4.76M
Qatar
$69k
2.64M
Singapore
$65k
5.89M
United States
$63k
325M
Denmark
$61k
5.83M
Australia
$57k
24.5M
Sweden
$55k
10.3M
Netherlands
$53k
17.3M
Austria
$51k
8.81M
Finland
$50k
5.5M
San Marino
$48k
33.4k
Germany
$48k
83.1M
Belgium
$48k
11.4M
Canada
$46k
37.9M
United Arab Emirates
$43k
9.4M
United Kingdom
$43k
66M
Andorra
$42k
76.2k
New Zealand
$42k
4.94M
Israel
$42k
9.09M
France
$41k
66.6M
Japan
$39k
127M
Italy
$34k
60.3M
Kuwait
$34k
4.6M
Bahamas
$32k
395k

Iran vs

CountryGDP
per capita
Population
Serbia
$7.2k
7.02M
Libya
$7.2k
6.68M
Turkmenistan
$7k
5.85M
Peru
$6.9k
29.4M
Colombia
$6.7k
49.1M
South Africa
$6.4k
57.7M
Ecuador
$6.3k
16.6M
Belarus
$6.3k
9.41M
Fiji
$6.3k
906k
Suriname
$6.2k
563k
North Macedonia
$6.1k
2.08M
Bosnia and Herzegovina
$6.1k
3.51M
Namibia
$5.9k
2.53M
Iraq
$5.8k
38.3M
Paraguay
$5.8k
6.81M
Jamaica
$5.4k
2.89M
Albania
$5.3k
3.02M
Guyana
$5k
778k
Belize
$4.9k
375k
Azerbaijan
$4.7k
10M
Georgia
$4.7k
3.72M
Guatemala
$4.5k
17.3M
Tonga
$4.4k
108k
Jordan
$4.2k
10.4M
Armenia
$4.2k
2.93M
Samoa
$4.2k
196k
Eswatini
$4.1k
1.37M
Mongolia
$4.1k
3.08M
Algeria
$4.1k
41.3M
Sri Lanka
$4.1k
21.4M