Iceland vs Zambia: Economic Indicators Comparison

Zambia with a GDP of $26.7B ranked the 106th largest economy in the world, while Iceland ranked 108th with $25.9B. By GDP 5-years average growth and GDP per capita, Zambia and Iceland ranked 62nd vs 47th and 157th vs 8th, respectively.

Gross Domestic Product & Income

StatIcelandZambia
GDP$25.9B$26.7B
GDP growth, 1 year4.6%3.5%
GDP growth, 5-years average4.5%3.6%
Population357k17.1M
GDP per capita$73k$1.5k
GDP per capita growth1.6%0.82%
Purchasing Power Parity conversion factor138.333.81
Price level ratio of PPP conversion factor GDP to market exchange rate1.280.36
GDP per capita, PPP adjusted$56k$4.1k
GNI, Atlas method$24B$24.8B
GNI per capita$68k$1.4k
GNI, PPP adjusted$19.5B$71.2B
GNI per capita, PPP adjusted$55k$4.1k

Financial system and Human development

StatIcelandZambia
Income Tax Rate31.8%35%
Corporate Tax Rate20%35%
Inflation, consumer prices2.7%7%
Inflation, GDP deflator2.4%9.3%
Unemployment2.9%7.2%
Economic Freedom Index77.153.5
Personal Freedom Index9.276.26
Human Freedom Index8.226.67
Property Rights Index87.645.2
Judical Effectiveness Index63.231.3
Business Freedom Index84.766.4
Fiscal Health Index97.518.4
Labor Freedom Index63.547
Investment Freedom Index8555
Financial Freedom Index7050
Trade Freedom Index86.872.6
Monetary Freedom Index80.372.2
Government Spending Index44.181.7
Tax Burden Index71.773.2
Government Integrity Index90.328.4
Corruption Perceptions Index7635
Life expectancy at birth, years82.263
Suicide mortality rate, per 100,000 people146.1
Mortality caused by road traffic injury, per 100,000 people6.624.7
Intentional homicides, per 100,000 people0.95.3
International tourism, number of arrivals2.3M1.1M

Government debt & reserves

StatIcelandZambia
Central government debt, % of GDP35.4%72.4%
External debt stocks, % of GNIN/A73.7%
External debt stocksN/A$19.1B
Short-term debt, % of total reservesN/A42.5%
Total debt service, % of exports and primary incomeN/A14.6%
Adjusted net savings including particulate emission damage, % of GNI16.6%9.2%
Gross savings, % of GDP21.2%31.3%
Gross capital formation, % of GDP22.6%38.2%
Total reserves including gold$6.3B$1.6B
Foreign direct investment net inflows-$434.6M$408.4M

Exports, imports and economic structure

StatIcelandZambia
Exports of goods and services, % of GDP47.2%37.4%
Imports of goods and services, % of GDP44.1%38.2%
Current account balance (balance of payments)$731.3M-$342.3M
Revenue excluding grants, % of GDP31%16.9%
Grants excluding technical cooperation, BoPN/A$806.4M
Personal remittances received$168.9M$107M
Industry including construction value added, % of GDP19.6%36.3%
Agriculture, forestry and fishing value added, % of GDP4.6%2.6%
Charges for the use of intellectual property, payments BoP$143.4M$35M
Charges for the use of intellectual property, receipts BoP$241.7MN/A
Expense, % of GDP30.8%20.8%
Government Expenditure, % of GDP43.2%24.7%

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

Zambia vs

CountryGDP
per capita
Population
Ghana
$2.2k
26.9M
Congo
$2.1k
5.26M
Zimbabwe
$2.1k
16.5M
Solomon Islands
$2.1k
611k
East Timor
$2k
1.3M
Syria
$2k
18.3M
Nicaragua
$2k
6.22M
Nigeria
$2k
191M
India
$2k
1.33B
Sao Tome and Principe
$2k
204k
Ivory Coast
$1.7k
24.3M
Kenya
$1.7k
48.5M
North Korea
$1.7k
25.5M
Bangladesh
$1.7k
165M
Kiribati
$1.6k
116k
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
Nepal
$1k
29.4M
Sudan
$977
40.5M
Yemen
$944
28.3M