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Australia vs Iceland statistics compared

Updated on by Georank team

Australia has a population of 27.2M (ranked 54/197), compared with 387K in Iceland (ranked 173/197). Australia's land area is 2,969,906 sq mi versus 38,931 sq mi for Iceland (ranked 6th vs. 104th).

By GDP, Australia ranks 14/197 ($1.76T) and Iceland ranks 108/197 ($33.3B). By GDP per capita, Australia ranks 14/197 ($64,604), while Iceland ranks 9/197 ($86,041).

Main facts and rankings

Australia Iceland
Population
27799169
397129
Population rank 55/197 173/197
GDP
$1.76T
2024
$33.3B
2024
GDP rank 14/197 108/197
GDP per capita
$64,604
2024
$86,041
2024
GDP per capita rank 14/197 9/197
GDP per capita, PPP
$72,111
2024
$84,257
2024
Government debt
$891B
2024
$19.8B
2024
Debt-to-GDP ratio
50.7%
2024
59.4%
2024
Government debt per person
$32,764
2024
$51,148
2024
Government debt per person rank 22/185 9/185
Average annual personal income after taxes
$49,463
2026
$55,565
2026
Land area 2,969,906 sq mi 38,931 sq mi
Population density
9.34 ppl/mi²
2026
10.2 ppl/mi²
2026
Fertility rate
1.5
2023
1.59
2023
Median age
39 years
2024
37.1 years
2024
Life expectancy
84.3 years
2026
83.3 years
2026

Australia and Iceland: Comparison Charts

Australia and Iceland economies compared

GDP
Australia

Iceland
1x
Year GDP
Australia Iceland
2024 $1,757,022,451,653 $33,255,181,469
2023 $1,734,451,264,656 $31,677,891,897
2022 $1,695,627,535,476 $29,166,102,877
2021 $1,560,617,493,203 $26,234,872,402
2020 $1,333,336,461,648 $22,034,665,041
2019 $1,398,349,602,956 $24,985,687,022
2018 $1,433,144,978,762 $26,677,652,544
2017 $1,330,890,554,614 $25,060,086,488
2016 $1,211,588,128,418 $21,083,713,310
2015 $1,356,805,839,936 $17,700,486,957
2014 $1,474,677,007,566 $18,052,183,515
2013 $1,583,737,461,925 $16,244,319,959
2012 $1,552,728,401,402 $14,943,757,823
2011 $1,402,939,868,653 $15,394,005,872
2010 $1,152,566,632,022 $13,922,711,577
2009 $931,761,689,771 $13,212,543,838
2008 $1,058,448,244,064 $18,247,921,360
2007 $856,603,595,823 $21,960,110,030
2006 $749,708,370,333 $17,671,649,843
2005 $696,811,489,613 $17,146,410,561
2004 $615,643,050,221 $13,963,943,244
2003 $468,517,181,130 $11,564,687,742
2002 $396,436,967,263 $9,416,199,700
2001 $380,360,222,861 $8,323,401,820
2000 $416,901,962,163 $9,140,168,922
1999 $390,347,787,943 $9,107,644,691
1998 $400,361,527,505 $8,637,732,542
1997 $436,321,902,767 $7,716,781,803
1996 $401,962,517,479 $7,686,566,105
1995 $368,725,126,225 $7,372,640,169
1994 $323,269,456,935 $6,612,804,056
1993 $312,568,858,910 $6,435,952,174
1992 $325,982,966,981 $7,328,497,599
1991 $326,416,407,861 $7,151,260,062
1990 $311,840,666,465 $6,694,851,159
1989 $300,264,309,002 $5,870,854,233
1988 $236,461,079,970 $6,320,093,411
1987 $189,726,707,253 $5,713,281,235
1986 $182,707,050,923 $4,129,080,094
1985 $180,861,108,959 $3,088,359,967
1984 $193,749,932,078 $2,964,568,006
1983 $177,523,719,680 $2,862,634,164
1982 $194,323,071,831 $3,318,714,326
1981 $177,151,979,566 $3,615,094,820
1980 $150,200,557,103 $3,499,616,683
1979 $135,093,718,051 $2,953,176,971
1978 $118,660,813,780 $2,599,627,089
1977 $110,504,702,914 $2,285,707,749
1976 $105,209,354,856 $1,727,845,419
1975 $97,440,939,506 $1,456,052,700
1974 $89,086,219,602 $1,568,154,077
1973 $63,923,126,201 $1,194,794,186
1972 $52,117,990,654 $869,002,946
1971 $45,283,847,245 $693,679,545
1970 $41,395,206,623 $545,115,909
1969 $36,738,245,878 $435,659,610
1968 $32,763,365,242 $498,365,200
1967 $30,487,524,878 $652,609,076
1966 $27,349,284,376 $660,663,763
1965 $26,014,244,162 $550,150,988
1964 $23,835,843,814 $456,206,299
1963 $21,573,443,452 $357,240,896
1962 $19,953,923,193 $299,309,938
1961 $19,713,123,154 $266,711,460
1960 $18,635,682,982 $260,984,499

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/australia/iceland | CC BY

Australia and Iceland economies compared

GDP per capita
Australia

Iceland
1x
Year GDP per capita
Australia Iceland
2024 $64,604 $86,041
2023 $65,058 $82,139
2022 $65,170 $76,350
2021 $60,759 $70,425
2020 $51,983 $60,128
2019 $55,195 $69,296
2018 $57,410 $75,634
2017 $54,118 $72,976
2016 $50,084 $62,854
2015 $56,970 $53,506
2014 $62,817 $55,140
2013 $68,477 $50,173
2012 $68,301 $46,595
2011 $62,799 $48,255
2010 $52,314 $43,776
2009 $42,955 $41,484
2008 $49,811 $57,489
2007 $41,128 $70,483
2006 $36,659 $58,172
2005 $34,535 $57,784
2004 $30,886 $47,810
2003 $23,758 $39,944
2002 $20,335 $32,749
2001 $19,734 $29,208
2000 $21,909 $32,504
1999 $20,750 $32,834
1998 $21,516 $31,519
1997 $23,683 $28,462
1996 $22,056 $28,584
1995 $20,479 $27,565
1994 $18,156 $24,858
1993 $17,725 $24,404
1992 $18,650 $28,072
1991 $18,885 $27,740
1990 $18,274 $26,272
1989 $17,858 $23,219
1988 $14,303 $25,307
1987 $11,666 $23,238
1986 $11,406 $16,980
1985 $11,455 $12,793
1984 $12,436 $12,378
1983 $11,532 $12,080
1982 $12,798 $14,191
1981 $11,871 $15,666
1980 $10,223 $15,340
1979 $9,308 $13,082
1978 $8,264 $11,630
1977 $7,786 $10,305
1976 $7,497 $7,848
1975 $7,014 $6,680
1974 $6,492 $7,287
1973 $4,778 $5,627
1972 $3,955 $4,155
1971 $3,500 $3,366
1970 $3,310 $2,666
1969 $2,996 $2,142
1968 $2,728 $2,473
1967 $2,584 $3,284
1966 $2,347 $3,378
1965 $2,284 $2,861
1964 $2,134 $2,414
1963 $1,970 $1,924
1962 $1,858 $1,641
1961 $1,880 $1,490
1960 $1,813 $1,486

Data sources: World Bank | Economy & Growth (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/australia/iceland | CC BY

Australia vs. Iceland life expectancy calculator

Life expectancy
Australia

Iceland
1x
Year Life expectancy, years
Australia Iceland
2026 84.3 83.3
2025 84.2 83.2
2024 84.1 83
2023 83.9 82.7
2022 82.8 81.6
2021 83.6 82.8
2020 83.7 82.7
2019 83.2 82.8
2018 83.3 82.5
2017 82.7 82.2
2016 82.8 81.8
2015 82.6 82.2
2014 82.5 82.4
2013 82.6 81.7
2012 82.3 82.3
2011 82.1 82
2010 82 81.6
2009 81.7 81.4
2008 81.4 81.2
2007 81.2 81.1
2006 81.3 80.9
2005 81.1 81.2
2004 80.7 80.7
2003 80.4 80.8
2002 80.1 80.3
2001 80 80.4
2000 79.6 79.5
1999 79.3 79.2
1998 79 79.4
1997 78.6 78.7
1996 78.3 78.6
1995 78.3 77.5
1994 77.9 79
1993 78 78.8
1992 77.5 78.6
1991 77.5 77.8
1990 77 77.7
1989 76.2 77.9
1988 76.3 76.9
1987 76.1 77.1
1986 76.1 77.9
1985 75.4 77.4
1984 75.5 77.3
1983 75.4 76.4
1982 74.7 76.8
1981 74.8 76.2
1980 74.6 76.6
1979 74.3 76.5
1978 73.7 76.4
1977 73.5 76.1
1976 72.8 76.6
1975 72.8 75.3
1974 71.8 74.1
1973 72.1 74.3
1972 71.8 74.4
1971 71.5 73.5
1970 70.7 73.8
1969 71.1 73.7
1968 70.7 73.9
1967 71 73.7
1966 70.7 73.1
1965 70.8 73.8
1964 70.6 73.5
1963 71 72.9
1962 70.9 73.6
1961 71.1 73.4
1960 70.9 74
1959 70.4 72.6
1958 70.9 73.3
1957 70.3 73.4
1956 70 72.9
1955 70.2 73.3
1954 69.9 73.3
1953 69.7 72.3
1952 69.1 72.4
1951 68.7 71
1950 69 71

Data sources: United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10).

GeoRank.org/facts/australia/iceland | CC BY

Australia and Iceland population clocks and comparison

Population
Australia

Iceland
1x
Year Population
Australia Iceland
2024 27,196,812 386,506
2023 26,659,922 385,663
2022 26,018,721 382,003
2021 25,685,412 372,520
2020 25,649,248 366,463
2019 25,334,826 360,563
2018 24,963,258 352,721
2017 24,592,588 343,400
2016 24,190,907 335,439
2015 23,815,995 330,815
2014 23,475,686 327,386
2013 23,128,129 323,764
2012 22,733,465 320,716
2011 22,340,024 319,014
2010 22,031,750 318,041
2009 21,691,653 318,499
2008 21,249,199 317,414
2007 20,827,622 311,566
2006 20,450,966 303,782
2005 20,176,844 296,734
2004 19,932,722 292,074
2003 19,720,737 289,521
2002 19,495,210 287,523
2001 19,274,701 284,968
2000 19,028,802 281,205
1999 18,812,264 277,381
1998 18,607,584 274,047
1997 18,423,037 271,128
1996 18,224,767 268,916
1995 18,004,882 267,468
1994 17,805,468 266,021
1993 17,634,808 263,725
1992 17,478,635 261,057
1991 17,284,036 257,797
1990 17,065,128 254,826
1989 16,814,416 252,852
1988 16,532,164 249,740
1987 16,263,874 245,859
1986 16,018,350 243,180
1985 15,788,312 241,405
1984 15,579,391 239,511
1983 15,393,472 236,977
1982 15,184,247 233,860
1981 14,923,260 230,755
1980 14,692,000 228,138
1979 14,514,000 225,735
1978 14,358,000 223,537
1977 14,192,000 221,799
1976 14,033,000 220,154
1975 13,893,000 217,979
1974 13,723,000 215,209
1973 13,380,000 212,317
1972 13,177,000 209,137
1971 12,937,000 206,098
1970 12,507,000 204,438
1969 12,263,000 203,369
1968 12,009,000 201,488
1967 11,799,000 198,751
1966 11,651,000 195,570
1965 11,388,000 192,286
1964 11,167,000 188,983
1963 10,950,000 185,653
1962 10,742,000 182,378
1961 10,483,000 179,029
1960 10,276,477 175,574

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/australia/iceland | CC BY

Fertility rates in Australia and Iceland

Fertility rate
Australia

Iceland
1x
Year Fertility rate
Australia Iceland
2023 1.5 1.59
2022 1.63 1.59
2021 1.7 1.82
2020 1.58 1.72
2019 1.66 1.74
2018 1.74 1.71
2017 1.74 1.71
2016 1.75 1.74
2015 1.81 1.8
2014 1.83 1.93
2013 1.86 1.93
2012 1.92 2.04
2011 1.93 2.02
2010 1.93 2.2
2009 1.97 2.23
2008 1.98 2.15
2007 1.96 2.09
2006 1.91 2.08
2005 1.81 2.05
2004 1.77 2.04
2003 1.75 1.99
2002 1.76 1.93
2001 1.74 1.95
2000 1.76 2.08
1999 1.76 1.99
1998 1.76 2.05
1997 1.78 2.04
1996 1.8 2.12
1995 1.82 2.08
1994 1.84 2.14
1993 1.86 2.22
1992 1.89 2.21
1991 1.85 2.18
1990 1.9 2.3
1989 1.84 2.19
1988 1.83 2.26
1987 1.85 2.06
1986 1.87 1.92
1985 1.92 1.93
1984 1.84 2.08
1983 1.92 2.24
1982 1.93 2.27
1981 1.94 2.33
1980 1.89 2.48
1979 1.91 2.49
1978 1.95 2.35
1977 2.01 2.31
1976 2.06 2.52
1975 2.15 2.65
1974 2.4 2.66
1973 2.49 2.94
1972 2.74 3.09
1971 2.96 2.92
1970 2.86 2.81
1969 2.89 2.99
1968 2.89 3.06
1967 2.85 3.28
1966 2.88 3.59
1965 2.98 3.73
1964 3.15 3.88
1963 3.33 3.99
1962 3.44 3.98
1961 3.54 3.88
1960 3.45 4.29

Data sources: World Bank | Health (1960–2023, retrieved 2026-04-06).

GeoRank.org/facts/australia/iceland | CC BY

Australia and Iceland demographics compared

Median age
Australia

Iceland
1x
Year Median age, years
Australia Iceland
2024 39 37.1
2023 38.8 36.9
2022 38.5 36.7
2021 38.3 36.7
2020 38 36.6
2019 37.6 36.5
2018 37.4 36.4
2017 37.4 36.3
2016 37.3 36.2
2015 37.3 36
2014 37.3 35.7
2013 37.2 35.5
2012 37.2 35.4
2011 37.1 35.1
2010 37 34.9
2009 36.9 34.6
2008 36.8 34.5
2007 36.8 34.6
2006 36.7 34.5
2005 36.5 34.2
2004 36.3 34
2003 36.1 33.7
2002 35.8 33.4
2001 35.6 33
2000 35.4 32.8
1999 35.1 32.6
1998 34.7 32.4
1997 34.3 32.1
1996 34 31.8
1995 33.6 31.5
1994 33.3 31.1
1993 33 30.8
1992 32.7 30.5
1991 32.4 30.2
1990 32.1 30
1989 31.8 29.6
1988 31.6 29.3
1987 31.3 29.1
1986 31.1 28.8
1985 30.8 28.4
1984 30.5 28
1983 30.2 27.7
1982 29.9 27.5
1981 29.6 27.2
1980 29.4 26.9
1979 29.1 26.7
1978 28.9 26.4
1977 28.6 26
1976 28.4 25.7
1975 28.1 25.4
1974 28 25.1
1973 27.8 24.9
1972 27.7 24.8
1971 27.7 24.7
1970 27.7 24.5
1969 27.8 24.3
1968 27.9 24.2
1967 28 24.1
1966 28.1 24.1
1965 28.3 24.2
1964 28.6 24.4
1963 28.8 24.7
1962 29.1 24.9
1961 29.3 25.2
1960 29.5 25.4

Data sources: World Bank | Health (1960–2024, retrieved 2026-04-06).

GeoRank.org/facts/australia/iceland | CC BY

Interactive Maps

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National statistics comparison

Finance

Australia Iceland
GNI, Atlas method
$1.7T
2024
$31.8B
2024
Government expenditure, % of GDP
38.9%
2024
46.5%
2024
Education expenditure, % of GDP
5.06%
2022
7.29%
2022
Military expenditure, % of GDP
1.88%
2024
n/a
Armed forces personnel
60,000
2020
0
2020
Deficit/surplus, % of GDP
-2.25%
2024
-3.51%
2024
Unemployment rate
3.94%
2024
3.56%
2024
Services, % of GDP
66.1%
2024
64.9%
2024
Industry, % of GDP
25.5%
2024
20.1%
2024
Economic freedom index
80.1
2026
75
2026
Income share by richest 10%
25.5%
2020
22.4%
2019
Income share by poorest 10%
2.7%
2020
3.7%
2019
Number of millionaires
1,904,000
2025
n/a
Percentage of millionaires
9.2%
2025
n/a
Number of billionaires
47
2025
1
2025
Percentage of billionaires
0.0002%
2025
0.0003%
2025
Listed domestic companies
1,853
2024
34
2004
Market capitalization of domestic companies
$1.74T
2024
n/a
Total reserves including gold
$60.4B
2024
$6.4B
2024
Personal remittances received
$1.77B
2024
$246M
2024
International tourist arrivals
1,828,000
2020
488,000
2020
International tourism as share of exports
8.71%
2020
11.9%
2008
Banked people share
98%
2024
99.9%
2024

Energy

Australia Iceland
Energy use, kg of oil equivalent per capita
4,928 kg
2023
15,686 kg
2023
GDP PPP per kg equivalent of energy use
$14.7
2023
$5.2
2023
Carbon dioxide (CO2) emissions
383 megatons
2024
3.29 megatons
2024
CO2 emissions per capita
14.1 tons
2024
8.52 tons
2024
Fossil fuel energy use share
90.2%
2023
10.3%
2023
Renewable energy use share
12.3%
2021
82.4%
2021
Alternative and nuclear energy use share
6.26%
2023
88.8%
2023
Net energy imports use share
-214.5%
2023
20.5%
2009
Electric power consumption per capita
9,820 kWh
2023
50,951 kWh
2023
Renewable electricity output share
26.7%
2021
100%
2016
Hydroelectric share
6.07%
2023
70.3%
2023
Nuclear share
0%
2021
0%
2021
Electricity access
100%
2023
100%
2023

Society

Australia Iceland
% of world population
0.33%
2024
0.005%
2024
Annual migration change
+137,109
2025
+2,709
2025
Urban population
87.6%
2024
94.2%
2024
Male:Female ratio
49.6:50.4
2024
51.2:48.8
2024
Average male height
5.87 ft
2025
5.97 ft
2025
Average female height
5.4 ft
2025
5.54 ft
2025
Quality of life index
95.9
2026
93.6
2026
Corruption Perceptions Index
76
2025
77
2025
Higher education index
98
2026
79
2026
Homicides per 100K people
0.85
2023
1.07
2022
Road traffic mortality per 100K people
4.9
2019
2
2019
Visa free countries
169
2025
168
2025
Adult literacy rate
99%
2003
99%
2003
English speaking
92.8%
2023
98%
2023
People using the Internet
97.1%
2023
99.8%
2023

Health

Australia Iceland
Government health expenditure per capita
$6,980
2023
$7,642
2024
Out-of-pocket health expenditure per capita
$1,106
2023
$1,137
2024
Life expectancy
84.3 years
2026
83.3 years
2026
Foreign aid share of health expenditure
0%
2023
0%
2023
Physicians per 1,000 people
4.09
2022
4.37
2023
Age at first childbirth
28.7 years
2025
28.8 years
2023
Maternal mortality per 100K births
2
2023
3
2023
Mortality rate before reaching 5 years of age
3.7
2023
2.6
2023
Obesity rate
31%
2022
21.8%
2022
Diabetes prevalence
7.4%
2024
6.9%
2024
Air quality index
94
2026
98
2026
Tobacco use prevalence
13.1%
2022
9.4%
2022
Pure alcohol consumption per capita
10.3 liters
2020
7.94 liters
2020

Territory

Australia Iceland
% of world land
5.16%
2026
0.07%
2026
Land area per capita
109,201 sq mi
2024
100,725 sq mi
2024
Agricultural land area
1,402,492 sq mi
2026
6,324 sq mi
2026
Forest area
517,397 sq mi
2026
205.8 sq mi
2026
Roads length
607,623 mi
2017
8,014 mi
2012

In-depth comparisons

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Data sources:

  1. World Bank | Health (1960–2025, retrieved 2026-04-06)
  2. United Nations | World Population Prospects (1950–2026, retrieved 2026-03-10)
  3. U.S. Census Bureau (1960–2025, retrieved 2026-02-08)
  4. Central Intelligence Agency (CIA) (2000–2025, retrieved 2026-02-20)
  5. International Monetary Fund (IMF) | Fiscal Monitor (2024, retrieved 2026-02-20)
  6. LivingCost (2026, retrieved 2025-10-14)
  7. World Obesity Federation (2022, retrieved 2026-02-08)
  8. Passport Index (2025, retrieved 2026-02-08)
  9. Transparency International (2025, retrieved 2026-02-10)
  10. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  11. EduRank (2026, retrieved 2025-10-13)
  12. United Nations Economic Commission for Europe (UNECE) (2023, retrieved 2026-03-10)

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