Iceland vs Switzerland: Economic Indicators Comparison
Switzerland with a GDP of $705.1B ranked the 20th largest economy in the world, while Iceland ranked 108th with $25.9B. By GDP 5-years average growth and GDP per capita, Switzerland and Iceland ranked 134th vs 47th and 4th vs 8th, respectively.
Gross Domestic Product & Income
Stat | Iceland | Switzerland |
---|---|---|
GDP | $25.9B | $705.1B |
GDP growth, 1 year | 4.6% | 2.5% |
GDP growth, 5-years average | 4.5% | 1.9% |
Population | 357k | 8.5M |
GDP per capita | $73k | $83k |
GDP per capita growth | 1.6% | 1.97% |
Purchasing Power Parity conversion factor | 138.33 | 1.19 |
Price level ratio of PPP conversion factor GDP to market exchange rate | 1.28 | 1.22 |
GDP per capita, PPP adjusted | $56k | $65k |
GNI, Atlas method | $24B | $718.9B |
GNI per capita | $68k | $84k |
GNI, PPP adjusted | $19.5B | $586.1B |
GNI per capita, PPP adjusted | $55k | $69k |
Financial system and Human development
Stat | Iceland | Switzerland |
---|---|---|
Income Tax Rate | 31.8% | 11.5% |
Corporate Tax Rate | 20% | 8.5% |
Inflation, consumer prices | 2.7% | 0.9% |
Inflation, GDP deflator | 2.4% | 0.2% |
Unemployment | 2.9% | 4.9% |
Economic Freedom Index | 77.1 | 82 |
Personal Freedom Index | 9.27 | 9.31 |
Human Freedom Index | 8.22 | 8.83 |
Property Rights Index | 87.6 | 87.4 |
Judical Effectiveness Index | 63.2 | 81.5 |
Business Freedom Index | 84.7 | 74.2 |
Fiscal Health Index | 97.5 | 96.7 |
Labor Freedom Index | 63.5 | 72.4 |
Investment Freedom Index | 85 | 85 |
Financial Freedom Index | 70 | 90 |
Trade Freedom Index | 86.8 | 86.6 |
Monetary Freedom Index | 80.3 | 84.4 |
Government Spending Index | 44.1 | 65.3 |
Tax Burden Index | 71.7 | 70.1 |
Government Integrity Index | 90.3 | 90.1 |
Corruption Perceptions Index | 76 | 85 |
Life expectancy at birth, years | 82.2 | 83.6 |
Suicide mortality rate, per 100,000 people | 14 | 17.2 |
Mortality caused by road traffic injury, per 100,000 people | 6.6 | 2.7 |
Intentional homicides, per 100,000 people | 0.9 | 0.5 |
International tourism, number of arrivals | 2.3M | 10.4M |
Government debt & reserves
Stat | Iceland | Switzerland |
---|---|---|
Central government debt, % of GDP | 35.4% | 40.5% |
External debt stocks, % of GNI | N/A | N/A |
External debt stocks | N/A | N/A |
Short-term debt, % of total reserves | N/A | N/A |
Total debt service, % of exports and primary income | N/A | N/A |
Adjusted net savings including particulate emission damage, % of GNI | 16.6% | 16.4% |
Gross savings, % of GDP | 21.2% | 34.7% |
Gross capital formation, % of GDP | 22.6% | 22.7% |
Total reserves including gold | $6.3B | $787B |
Foreign direct investment net inflows | -$434.6M | -$67.7B |
Exports, imports and economic structure
Stat | Iceland | Switzerland |
---|---|---|
Exports of goods and services, % of GDP | 47.2% | 66.1% |
Imports of goods and services, % of GDP | 44.1% | 53.9% |
Current account balance (balance of payments) | $731.3M | $74.1B |
Revenue excluding grants, % of GDP | 31% | 18% |
Grants excluding technical cooperation, BoP | N/A | N/A |
Personal remittances received | $168.9M | $2.6B |
Industry including construction value added, % of GDP | 19.6% | 25% |
Agriculture, forestry and fishing value added, % of GDP | 4.6% | 0.7% |
Charges for the use of intellectual property, payments BoP | $143.4M | $13.6B |
Charges for the use of intellectual property, receipts BoP | $241.7M | $25.8B |
Expense, % of GDP | 30.8% | 17% |
Government Expenditure, % of GDP | 43.2% | 34% |