Iceland vs Nepal: Economic Indicators Comparison

Nepal with a GDP of $29B ranked the 103rd largest economy in the world, while Iceland ranked 108th with $25.9B. By GDP 5-years average growth and GDP per capita, Nepal and Iceland ranked 37th vs 47th and 170th vs 8th, respectively.

Gross Domestic Product & Income

StatIcelandNepal
GDP$25.9B$29B
GDP growth, 1 year4.6%6.3%
GDP growth, 5-years average4.5%4.8%
Population357k29.4M
GDP per capita$73k$1k
GDP per capita growth1.6%4.91%
Purchasing Power Parity conversion factor138.3334.93
Price level ratio of PPP conversion factor GDP to market exchange rate1.280.33
GDP per capita, PPP adjusted$56k$2.9k
GNI, Atlas method$24B$27.2B
GNI per capita$68k$970
GNI, PPP adjusted$19.5B$87.4B
GNI per capita, PPP adjusted$55k$3.1k

Financial system and Human development

StatIcelandNepal
Income Tax Rate31.8%25%
Corporate Tax Rate20%25%
Inflation, consumer prices2.7%4.2%
Inflation, GDP deflator2.4%6.3%
Unemployment2.9%1.3%
Economic Freedom Index77.154.2
Personal Freedom Index9.277.75
Human Freedom Index8.226.83
Property Rights Index87.640.7
Judical Effectiveness Index63.232
Business Freedom Index84.761.6
Fiscal Health Index97.598.1
Labor Freedom Index63.553.7
Investment Freedom Index8510
Financial Freedom Index7030
Trade Freedom Index86.860.4
Monetary Freedom Index80.371.2
Government Spending Index44.177.9
Tax Burden Index71.783.4
Government Integrity Index90.331.5
Corruption Perceptions Index7631
Life expectancy at birth, years82.270.2
Suicide mortality rate, per 100,000 people148.8
Mortality caused by road traffic injury, per 100,000 people6.615.9
Intentional homicides, per 100,000 people0.92.2
International tourism, number of arrivals2.3M1.2M

Government debt & reserves

StatIcelandNepal
Central government debt, % of GDP35.4%30.4%
External debt stocks, % of GNIN/A18.9%
External debt stocksN/A$5.5B
Short-term debt, % of total reservesN/A3%
Total debt service, % of exports and primary incomeN/A8.5%
Adjusted net savings including particulate emission damage, % of GNI16.6%38.1%
Gross savings, % of GDP21.2%49.5%
Gross capital formation, % of GDP22.6%55.2%
Total reserves including gold$6.3B$8.3B
Foreign direct investment net inflows-$434.6M$68.2M

Exports, imports and economic structure

StatIcelandNepal
Exports of goods and services, % of GDP47.2%8.9%
Imports of goods and services, % of GDP44.1%46.3%
Current account balance (balance of payments)$731.3M-$2.8B
Revenue excluding grants, % of GDP31%22.9%
Grants excluding technical cooperation, BoPN/A$629.7M
Personal remittances received$168.9M$8.3B
Industry including construction value added, % of GDP19.6%13.5%
Agriculture, forestry and fishing value added, % of GDP4.6%25.3%
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%19.4%
Government Expenditure, % of GDP43.2%27.2%

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

Nepal vs

CountryGDP
per capita
Population
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
Zambia
$1.5k
17.1M
Cameroon
$1.5k
24.1M
Uzbekistan
$1.5k
32.4M
Senegal
$1.5k
15.9M
Cambodia
$1.5k
16M
Pakistan
$1.5k
197M
Comoros
$1.4k
824k
Myanmar
$1.3k
53.4M
Lesotho
$1.3k
2.23M
Kyrgyzstan
$1.3k
6.2M
Mauritania
$1.2k
4.42M
South Sudan
$1.1k
12.6M
Tanzania
$1.1k
57.3M
Sudan
$977
40.5M
Yemen
$944
28.3M
Benin
$902
11.2M
Mali
$900
18.5M
Guinea
$879
12.7M
Haiti
$868
11M
Tajikistan
$827
8.92M
Eritrea
$811
3.5M
Guinea-Bissau
$778
1.86M
Rwanda
$773
12.2M
Ethiopia
$772
105M
Chad
$728
15.5M
Gambia
$716
2.1M
Burkina Faso
$715
19.2M
Togo
$679
7.8M