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Iceland statistics: country profile & rankings

Updated on by Georank team

Iceland is a high-income country with a population of 387K people. The capital and largest city is Reykjavik, with 140K residents.

Iceland ranks 108/197 by GDP ($33.3B) and 9/197 by GDP per capita ($86,041). The top export category is transport & tourism services, while the top import is machinery & equipment.

Main facts and rankings

Iceland Rank
Population
395314
173/197
GDP
$33.3B
2024
108/197
GDP per capita
$86,041
2024
9/197
GDP per capita, PPP
$81,924
2024
13/197
Government debt
$19.6B
2024
101/185
Debt-to-GDP ratio
49.8%
2026
112/185
Government debt per person
$50,830
2024
9/185
Average annual personal income after taxes
$54,155
2026
8/197
Land area 38,931 sq mi 104/197
Population density 9.93 ppl/mi² 194/197
Fertility rate 1.59 127/196
Median age 37.1 years 65/196
Life expectancy 83.3 years 18/197

Iceland trends dashboard: time-series charts

Iceland's economy ranked

Year GDP
1960 $260,984,499
1961 $266,711,460
1962 $299,309,938
1963 $357,240,896
1964 $456,206,299
1965 $550,150,988
1966 $660,663,763
1967 $652,609,076
1968 $498,365,200
1969 $435,659,610
1970 $545,115,909
1971 $693,679,545
1972 $869,002,946
1973 $1,194,794,186
1974 $1,568,154,077
1975 $1,456,052,700
1976 $1,727,845,419
1977 $2,285,707,749
1978 $2,599,627,089
1979 $2,953,176,971
1980 $3,499,616,683
1981 $3,615,094,820
1982 $3,318,714,326
1983 $2,862,634,164
1984 $2,964,568,006
1985 $3,088,359,967
1986 $4,129,080,094
1987 $5,713,281,235
1988 $6,320,093,411
1989 $5,870,854,233
1990 $6,694,851,159
1991 $7,151,260,062
1992 $7,328,497,599
1993 $6,435,952,174
1994 $6,612,804,056
1995 $7,372,640,169
1996 $7,686,566,105
1997 $7,716,781,803
1998 $8,637,732,542
1999 $9,107,644,691
2000 $9,140,168,922
2001 $8,323,401,820
2002 $9,416,199,700
2003 $11,564,687,742
2004 $13,963,943,244
2005 $17,146,410,561
2006 $17,671,649,843
2007 $21,960,110,030
2008 $18,247,921,360
2009 $13,212,543,838
2010 $13,922,711,577
2011 $15,394,005,872
2012 $14,943,757,823
2013 $16,244,319,959
2014 $18,052,183,515
2015 $17,700,486,957
2016 $21,083,713,310
2017 $25,060,086,488
2018 $26,677,652,544
2019 $24,985,687,022
2020 $22,034,665,041
2021 $26,234,872,402
2022 $29,166,102,877
2023 $31,677,891,897
2024 $33,255,181,469

Iceland's economy ranked

Year GDP per capita
1960 $1,486
1961 $1,490
1962 $1,641
1963 $1,924
1964 $2,414
1965 $2,861
1966 $3,378
1967 $3,284
1968 $2,473
1969 $2,142
1970 $2,666
1971 $3,366
1972 $4,155
1973 $5,627
1974 $7,287
1975 $6,680
1976 $7,848
1977 $10,305
1978 $11,630
1979 $13,082
1980 $15,340
1981 $15,666
1982 $14,191
1983 $12,080
1984 $12,378
1985 $12,793
1986 $16,980
1987 $23,238
1988 $25,307
1989 $23,219
1990 $26,272
1991 $27,740
1992 $28,072
1993 $24,404
1994 $24,858
1995 $27,565
1996 $28,584
1997 $28,462
1998 $31,519
1999 $32,834
2000 $32,504
2001 $29,208
2002 $32,749
2003 $39,944
2004 $47,810
2005 $57,784
2006 $58,172
2007 $70,483
2008 $57,489
2009 $41,484
2010 $43,776
2011 $48,255
2012 $46,595
2013 $50,173
2014 $55,140
2015 $53,506
2016 $62,854
2017 $72,976
2018 $75,634
2019 $69,296
2020 $60,128
2021 $70,425
2022 $76,350
2023 $82,139
2024 $86,041

Iceland's life expectancy calculator

Year Life expectancy, years
1950 71
1951 71
1952 72.4
1953 72.3
1954 73.3
1955 73.3
1956 72.9
1957 73.4
1958 73.3
1959 72.6
1960 74
1961 73.4
1962 73.6
1963 72.9
1964 73.5
1965 73.8
1966 73.1
1967 73.7
1968 73.9
1969 73.7
1970 73.8
1971 73.5
1972 74.4
1973 74.3
1974 74.1
1975 75.3
1976 76.6
1977 76.1
1978 76.4
1979 76.5
1980 76.6
1981 76.2
1982 76.8
1983 76.4
1984 77.3
1985 77.4
1986 77.9
1987 77.1
1988 76.9
1989 77.9
1990 77.7
1991 77.8
1992 78.6
1993 78.8
1994 79
1995 77.5
1996 78.6
1997 78.7
1998 79.4
1999 79.2
2000 79.5
2001 80.4
2002 80.3
2003 80.8
2004 80.7
2005 81.2
2006 80.9
2007 81.1
2008 81.2
2009 81.4
2010 81.6
2011 82
2012 82.3
2013 81.7
2014 82.4
2015 82.2
2016 81.8
2017 82.2
2018 82.5
2019 82.8
2020 82.7
2021 82.8
2022 81.6
2023 82.7
2024 83
2025 83.2
2026 83.3

Iceland's population clock and projection

Year Population
1960 175,574
1961 179,029
1962 182,378
1963 185,653
1964 188,983
1965 192,286
1966 195,570
1967 198,751
1968 201,488
1969 203,369
1970 204,438
1971 206,098
1972 209,137
1973 212,317
1974 215,209
1975 217,979
1976 220,154
1977 221,799
1978 223,537
1979 225,735
1980 228,138
1981 230,755
1982 233,860
1983 236,977
1984 239,511
1985 241,405
1986 243,180
1987 245,859
1988 249,740
1989 252,852
1990 254,826
1991 257,797
1992 261,057
1993 263,725
1994 266,021
1995 267,468
1996 268,916
1997 271,128
1998 274,047
1999 277,381
2000 281,205
2001 284,968
2002 287,523
2003 289,521
2004 292,074
2005 296,734
2006 303,782
2007 311,566
2008 317,414
2009 318,499
2010 318,041
2011 319,014
2012 320,716
2013 323,764
2014 327,386
2015 330,815
2016 335,439
2017 343,400
2018 352,721
2019 360,563
2020 366,463
2021 372,520
2022 382,003
2023 385,663
2024 386,506

Iceland's birth and fertility rates

Year Fertility rate
1960 4.29
1961 3.88
1962 3.98
1963 3.99
1964 3.88
1965 3.73
1966 3.59
1967 3.28
1968 3.06
1969 2.99
1970 2.81
1971 2.92
1972 3.09
1973 2.94
1974 2.66
1975 2.65
1976 2.52
1977 2.31
1978 2.35
1979 2.49
1980 2.48
1981 2.33
1982 2.27
1983 2.24
1984 2.08
1985 1.93
1986 1.92
1987 2.06
1988 2.26
1989 2.19
1990 2.3
1991 2.18
1992 2.21
1993 2.22
1994 2.14
1995 2.08
1996 2.12
1997 2.04
1998 2.05
1999 1.99
2000 2.08
2001 1.95
2002 1.93
2003 1.99
2004 2.04
2005 2.05
2006 2.08
2007 2.09
2008 2.15
2009 2.23
2010 2.2
2011 2.02
2012 2.04
2013 1.93
2014 1.93
2015 1.8
2016 1.74
2017 1.71
2018 1.71
2019 1.74
2020 1.72
2021 1.82
2022 1.59
2023 1.59

Iceland's demographics

Year Median age, years
1960 25.4
1961 25.2
1962 24.9
1963 24.7
1964 24.4
1965 24.2
1966 24.1
1967 24.1
1968 24.2
1969 24.3
1970 24.5
1971 24.7
1972 24.8
1973 24.9
1974 25.1
1975 25.4
1976 25.7
1977 26
1978 26.4
1979 26.7
1980 26.9
1981 27.2
1982 27.5
1983 27.7
1984 28
1985 28.4
1986 28.8
1987 29.1
1988 29.3
1989 29.6
1990 30
1991 30.2
1992 30.5
1993 30.8
1994 31.1
1995 31.5
1996 31.8
1997 32.1
1998 32.4
1999 32.6
2000 32.8
2001 33
2002 33.4
2003 33.7
2004 34
2005 34.2
2006 34.5
2007 34.6
2008 34.5
2009 34.6
2010 34.9
2011 35.1
2012 35.4
2013 35.5
2014 35.7
2015 36
2016 36.2
2017 36.3
2018 36.4
2019 36.5
2020 36.6
2021 36.7
2022 36.7
2023 36.9
2024 37.1

Iceland vs. World: Interactive Maps

Use the buttons below to toggle between world maps that display different statistics comparing Iceland with other countries.

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

Iceland: National Statistics

Finance

Iceland Rank
GNI, Atlas method
$31.8B
2024
106/194
Government expenditure, % of GDP
43.5%
2026
40/195
Education expenditure, % of GDP
7.29%
2022
11/193
Armed forces personnel
0
2020
171/174
Deficit/surplus, % of GDP
-1.39%
2026
55/188
Unemployment rate
3.56%
2024
132/196
Services, % of GDP
64.9%
2024
47/191
Industry, % of GDP
20.1%
2024
129/194
Economic freedom index
72.8
2025
26/197
Income share by richest 10%
22.4%
2019
155/169
Income share by poorest 10%
3.7%
2019
24/169
Number of billionaires
1
2025
68/78
Percentage of billionaires
0.0003%
2025
12/78
Listed domestic companies
34
2004
80/103
Total reserves including gold
$6.4B
2024
90/177
Personal remittances received
$246M
2024
133/180
International tourist arrivals
488,000
2020
122/188
International tourism as share of exports
11.9%
2008
56/184
Banked people share
99.9%
2024
1/158

Energy

Iceland Rank
Energy use, kg of oil equivalent per capita
15,686 kg
2023
2/177
GDP PPP per kg equivalent of energy use
$4.99
2023
166/173
Carbon dioxide (CO2) emissions
3.29 megatons
2024
143/187
CO2 emissions per capita
8.52 tons
2024
23/187
Fossil fuel energy use share
0%
2023
72/176
Renewable energy use share
82.4%
2021
13/193
Alternative and nuclear energy use share
88.8%
2023
1/147
Net energy imports use share
20.5%
2009
82/144
Electric power consumption per capita
50,951 kWh
2023
1/147
Renewable electricity output share
100%
2016
3/192
Hydroelectric share
70.3%
2023
27/192
Nuclear share
0%
2021
97/192
Electricity access
100%
2023
41/195

Society

Iceland Rank
% of world population
0.005%
2024
173/197
Annual migration change
+3,543
2024
57/196
Urban population
94.2%
2024
13/195
Male:Female ratio
50:50
2024
N/A
Average male height
5.97 ft
2025
5/190
Average female height
5.54 ft
2025
4/190
Quality of life index
92.4
2026
8/197
Corruption Perceptions Index
77
2024
15/197
Higher education index
79
2026
40/183
Homicides per 100K people
1.07
2022
149/197
Road traffic mortality per 100K people
2
2019
186/197
Visa free countries
171
2025
33/195
Adult literacy rate
99%
2003
50/196
English speaking
98%
2023
5/197
People using the Internet
99.8%
2023
4/195

Health

Iceland Rank
Government health expenditure per capita
$7,197
2023
6/191
Out-of-pocket health expenditure per capita
$1,035
2023
6/191
Life expectancy
83.3 years
2026
18/197
Foreign aid share of health expenditure
0%
2022
161/178
Physicians per 1,000 people
4.52
2022
12/193
Age at first childbirth
28.8 years
2023
33/137
Maternal mortality per 100K births
3
2023
183/193
Mortality rate before reaching 5 years of age, per 1,000 live births
2.6
2023
181/192
Obesity rate
21.8%
2022
104/189
Diabetes prevalence
6.9%
2024
137/195
Air quality index
98
2026
5/197
Tobacco use prevalence
9.4%
2022
137/164
Pure alcohol consumption per capita
7.94 liters
2020
49/186

Territory

Iceland Rank
% of world land
0.07%
2026
104/197
Land area per capita
100,725 sq mi
2024
4/197
Agricultural land area
6,324 sq mi
2026
127/194
Forest area
205.8 sq mi
2026
161/196
Roads length
8,014 mi
2012
112/175

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