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Iceland vs Latvia statistics compared

Updated on by Georank team

Iceland has a population of 405K (ranked 172/197), compared with 1.86M in Latvia (ranked 149/197). Iceland's land area is 38,931 sq mi versus 24,027 sq mi for Latvia (ranked 104th vs. 121st).

By GDP, Iceland ranks 108/197 ($33.5B) and Latvia ranks 100/197 ($43.5B). By GDP per capita, Iceland ranks 10/197 ($82,704), while Latvia ranks 53/197 ($23,368).

Main facts and rankings

Iceland Latvia
Population
412970
1844219
Population rank 172/197 149/197
GDP
$33.5B
2024
$43.5B
2024
GDP rank 108/197 100/197
GDP per capita
$82,704
2024
$23,368
2024
GDP per capita rank 10/197 53/197
GDP per capita, PPP
$78,259
2024
$43,867
2024
Government debt
$19.8B
2024
$20.6B
2024
Debt-to-GDP ratio
52.9%
2025
48.3%
2025
Government debt per person
$48,859
2024
$11,068
2024
Government debt per person rank 9/185 52/185
Average annual personal income after taxes
$54,155
2025
$15,995
2025
Land area
38,931 sq mi
2025
24,027 sq mi
2025
Population density
10.4 ppl/mi²
2024
77.5 ppl/mi²
2024
Fertility rate
1.59
2023
1.36
2023
Median age
37.1 years
2024
44.3 years
2024
Life expectancy
83.2 years
2025
76.5 years
2025

Iceland and Latvia: Comparison Charts

Iceland and Latvia economies compared

GDP
Iceland

Latvia
Year GDP
Iceland Latvia
1960 $252,169,712 -
1961 $257,703,245 -
1962 $289,200,704 -
1963 $345,175,036 -
1964 $440,797,869 -
1965 $531,569,564 -
1966 $638,349,755 -
1967 $630,567,116 -
1968 $481,532,848 -
1969 $420,945,148 -
1970 $526,704,545 -
1971 $670,251,136 -
1972 $839,652,164 -
1973 $1,154,440,253 -
1974 $1,515,190,595 -
1975 $1,406,875,081 -
1976 $1,669,488,390 -
1977 $2,208,509,076 -
1978 $2,511,826,196 -
1979 $2,853,435,054 -
1980 $3,381,419,251 -
1981 $3,492,997,010 -
1982 $3,206,626,645 -
1983 $2,765,950,336 -
1984 $2,864,441,387 -
1985 $2,984,052,357 -
1986 $3,989,622,739 -
1987 $5,520,318,405 -
1988 $6,106,635,816 -
1989 $5,672,569,449 -
1990 $6,468,736,356 -
1991 $6,909,730,288 -
1992 $7,080,981,738 -
1993 $6,218,581,532 -
1994 $6,389,460,343 -
1995 $7,123,633,418 $5,608,208,785
1996 $7,426,082,271 $5,799,465,288
1997 $7,569,672,925 $6,349,481,007
1998 $8,503,746,468 $6,974,112,951
1999 $8,982,047,589 $7,324,192,890
2000 $9,025,660,362 $7,761,252,607
2001 $8,234,846,805 $8,190,888,740
2002 $9,318,395,055 $9,249,030,241
2003 $11,429,333,038 $11,244,337,720
2004 $13,825,302,536 $13,827,070,379
2005 $16,852,963,067 $16,306,935,905
2006 $17,465,318,552 $20,434,922,247
2007 $21,652,505,597 $29,420,499,248
2008 $18,074,622,987 $34,135,200,994
2009 $13,154,414,219 $25,691,530,442
2010 $13,751,161,918 $23,468,324,572
2011 $15,221,622,926 $26,575,547,901
2012 $14,751,508,134 $27,116,149,949
2013 $16,125,060,515 $29,152,128,168
2014 $17,867,662,178 $30,277,203,767
2015 $17,517,210,519 $26,344,565,877
2016 $20,793,168,031 $27,117,105,060
2017 $24,728,285,177 $29,391,059,767
2018 $26,260,850,582 $33,247,935,477
2019 $24,681,343,649 $33,099,503,951
2020 $21,629,953,194 $33,379,927,435
2021 $25,770,339,317 $38,183,326,785
2022 $28,696,453,180 $38,014,713,596
2023 $31,452,223,862 $42,572,151,720
2024 $33,462,807,983 $43,520,773,851

Iceland and Latvia economies compared

GDP per capita
Iceland

Latvia
Year GDP per capita
Iceland Latvia
1960 $1,436 -
1961 $1,439 -
1962 $1,586 -
1963 $1,859 -
1964 $2,332 -
1965 $2,764 -
1966 $3,264 -
1967 $3,173 -
1968 $2,390 -
1969 $2,070 -
1970 $2,576 -
1971 $3,252 -
1972 $4,015 -
1973 $5,437 -
1974 $7,041 -
1975 $6,454 -
1976 $7,583 -
1977 $9,957 -
1978 $11,237 -
1979 $12,641 -
1980 $14,822 -
1981 $15,137 -
1982 $13,712 -
1983 $11,672 -
1984 $11,960 -
1985 $12,361 -
1986 $16,406 -
1987 $22,453 -
1988 $24,452 -
1989 $22,434 -
1990 $25,385 -
1991 $26,803 -
1992 $27,124 -
1993 $23,580 -
1994 $24,019 -
1995 $26,634 $2,257
1996 $27,615 $2,360
1997 $27,919 $2,610
1998 $31,030 $2,894
1999 $32,382 $3,064
2000 $32,096 $3,278
2001 $28,897 $3,505
2002 $32,409 $4,004
2003 $39,477 $4,915
2004 $47,335 $6,110
2005 $56,795 $7,284
2006 $57,493 $9,212
2007 $69,496 $13,371
2008 $56,943 $15,678
2009 $41,301 $11,996
2010 $43,237 $11,188
2011 $47,715 $12,903
2012 $45,996 $13,329
2013 $49,805 $14,484
2014 $54,577 $15,186
2015 $52,952 $13,322
2016 $61,988 $13,839
2017 $72,010 $15,132
2018 $74,452 $17,252
2019 $68,452 $17,295
2020 $59,024 $17,564
2021 $69,178 $20,262
2022 $75,121 $20,227
2023 $79,960 $22,676
2024 $82,704 $23,368

Iceland vs. Latvia life expectancy calculator

Life expectancy
Iceland

Latvia
Year Life expectancy, years
Iceland Latvia
1950 71 64.6
1951 71 65.2
1952 72.4 65.7
1953 72.3 66.2
1954 73.3 66.7
1955 73.3 67.1
1956 72.9 67.6
1957 73.4 68.3
1958 73.3 68.9
1959 72.6 69.5
1960 74 70.3
1961 73.4 70.5
1962 73.6 69.9
1963 72.9 70.3
1964 73.5 71.5
1965 73.8 71.2
1966 73.1 71.2
1967 73.7 70.9
1968 73.9 70.5
1969 73.7 70.2
1970 73.8 70.2
1971 73.5 70.6
1972 74.4 70.3
1973 74.3 70.2
1974 74.1 70.1
1975 75.3 69.3
1976 76.6 69.4
1977 76.1 69.4
1978 76.4 69.3
1979 76.5 68.8
1980 76.6 69.1
1981 76.2 69.1
1982 76.8 69.6
1983 76.4 69.4
1984 77.3 69.4
1985 77.4 69.6
1986 77.9 71
1987 77.1 71
1988 76.9 70.9
1989 77.9 70.4
1990 77.7 69.5
1991 77.8 69.2
1992 78.6 68.5
1993 78.8 66.6
1994 79 65.2
1995 77.5 66
1996 78.6 68.6
1997 78.7 69.2
1998 79.4 68.9
1999 79.2 69.6
2000 79.5 70.2
2001 80.4 69.9
2002 80.3 70.2
2003 80.8 70.6
2004 80.7 70.9
2005 81.2 70.6
2006 80.9 70.6
2007 81.1 70.8
2008 81.2 72
2009 81.4 72.7
2010 81.6 73
2011 82 73.7
2012 82.3 73.9
2013 81.7 74.2
2014 82.4 74.3
2015 82.2 74.7
2016 81.8 74.8
2017 82.2 74.8
2018 82.5 75
2019 82.8 75.6
2020 82.7 75.5
2021 82.8 73.2
2022 81.6 74.9
2023 82.7 76.2
2024 83 76.3
2025 83.2 76.5

Iceland and Latvia population clocks and comparison

Population
Iceland

Latvia
Year Population
Iceland Latvia
1960 175,574 2,120,979
1961 179,029 2,152,681
1962 182,378 2,181,586
1963 185,653 2,210,919
1964 188,983 2,240,623
1965 192,286 2,265,919
1966 195,570 2,283,217
1967 198,751 2,301,220
1968 201,488 2,323,619
1969 203,369 2,343,173
1970 204,438 2,359,164
1971 206,098 2,376,389
1972 209,137 2,395,674
1973 212,317 2,415,819
1974 215,209 2,437,186
1975 217,979 2,456,130
1976 220,154 2,470,989
1977 221,799 2,485,073
1978 223,537 2,497,921
1979 225,735 2,505,953
1980 228,138 2,511,701
1981 230,755 2,519,421
1982 233,860 2,531,080
1983 236,977 2,546,011
1984 239,511 2,562,047
1985 241,405 2,578,873
1986 243,180 2,599,892
1987 245,859 2,626,583
1988 249,740 2,653,434
1989 252,852 2,666,955
1990 254,826 2,663,151
1991 257,797 2,650,581
1992 261,057 2,614,338
1993 263,725 2,563,290
1994 266,021 2,520,742
1995 267,468 2,485,056
1996 268,916 2,457,222
1997 271,128 2,432,851
1998 274,047 2,410,019
1999 277,381 2,390,482
2000 281,205 2,367,550
2001 284,968 2,337,170
2002 287,523 2,310,173
2003 289,521 2,287,955
2004 292,074 2,263,122
2005 296,734 2,238,799
2006 303,782 2,218,357
2007 311,566 2,200,325
2008 317,414 2,177,322
2009 318,499 2,141,669
2010 318,041 2,097,555
2011 319,014 2,059,709
2012 320,716 2,034,319
2013 323,764 2,012,647
2014 327,386 1,993,782
2015 330,815 1,977,527
2016 335,439 1,959,537
2017 343,400 1,942,248
2018 352,721 1,927,174
2019 360,563 1,913,822
2020 366,463 1,900,449
2021 372,520 1,884,490
2022 382,003 1,879,383
2023 393,349 1,877,445
2024 404,610 1,862,441

Fertility rates in Iceland and Latvia

Fertility rate
Iceland

Latvia
Year Fertility rate
Iceland Latvia
1960 4.29 1.94
1961 3.88 1.94
1962 3.98 1.91
1963 3.99 1.85
1964 3.88 1.79
1965 3.73 1.74
1966 3.59 1.76
1967 3.28 1.8
1968 3.06 1.83
1969 2.99 1.88
1970 2.81 1.96
1971 2.92 2
1972 3.09 2
1973 2.94 1.98
1974 2.66 1.97
1975 2.65 1.96
1976 2.52 1.93
1977 2.31 1.89
1978 2.35 1.87
1979 2.49 1.87
1980 2.48 1.86
1981 2.33 1.88
1982 2.27 1.97
1983 2.24 2.07
1984 2.08 2.09
1985 1.93 2.08
1986 1.92 2.12
1987 2.06 2.15
1988 2.26 2.11
1989 2.19 2.05
1990 2.3 2.02
1991 2.18 1.86
1992 2.21 1.73
1993 2.22 1.51
1994 2.14 1.39
1995 2.08 1.25
1996 2.12 1.16
1997 2.04 1.11
1998 2.05 1.09
1999 1.99 1.16
2000 2.08 1.25
2001 1.95 1.22
2002 1.93 1.26
2003 1.99 1.32
2004 2.04 1.29
2005 2.05 1.39
2006 2.08 1.46
2007 2.09 1.54
2008 2.15 1.58
2009 2.23 1.46
2010 2.2 1.36
2011 2.02 1.33
2012 2.04 1.44
2013 1.93 1.52
2014 1.93 1.65
2015 1.8 1.7
2016 1.74 1.74
2017 1.71 1.69
2018 1.71 1.6
2019 1.74 1.61
2020 1.72 1.55
2021 1.82 1.57
2022 1.59 1.47
2023 1.59 1.36

Iceland and Latvia demographics compared

Median age
Iceland

Latvia
Year Median age, years
Iceland Latvia
1960 25.4 32.3
1961 25.2 32.4
1962 24.9 32.6
1963 24.7 32.8
1964 24.4 33
1965 24.2 33.2
1966 24.1 33.5
1967 24.1 33.8
1968 24.2 34
1969 24.3 34.1
1970 24.5 34.2
1971 24.7 34.3
1972 24.8 34.5
1973 24.9 34.6
1974 25.1 34.7
1975 25.4 34.9
1976 25.7 35
1977 26 35.1
1978 26.4 35.1
1979 26.7 35.1
1980 26.9 34.9
1981 27.2 34.8
1982 27.5 34.7
1983 27.7 34.6
1984 28 34.7
1985 28.4 34.7
1986 28.8 34.7
1987 29.1 34.6
1988 29.3 34.6
1989 29.6 34.5
1990 30 34.6
1991 30.2 34.8
1992 30.5 35.2
1993 30.8 35.6
1994 31.1 36
1995 31.5 36.2
1996 31.8 36.6
1997 32.1 36.9
1998 32.4 37.3
1999 32.6 37.6
2000 32.8 37.9
2001 33 38.3
2002 33.4 38.6
2003 33.7 38.9
2004 34 39.2
2005 34.2 39.4
2006 34.5 39.7
2007 34.6 39.9
2008 34.5 40.1
2009 34.6 40.5
2010 34.9 41.1
2011 35.1 41.6
2012 35.4 42
2013 35.5 42.3
2014 35.7 42.5
2015 36 42.8
2016 36.2 43
2017 36.3 43.2
2018 36.4 43.4
2019 36.5 43.6
2020 36.6 43.8
2021 36.7 43.9
2022 36.7 44
2023 36.9 44.1
2024 37.1 44.3

Interactive Maps

Use the buttons below to switch between world maps comparing statistics for Iceland and Latvia.

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

National statistics comparison

Finance

Iceland Latvia
GNI, Atlas method
$31.8B
2024
$40.8B
2024
Government expenditure, % of GDP
44.5%
2025
44.4%
2025
Education expenditure, % of GDP
7.29%
2022
4.32%
2022
Military expenditure, % of GDP n/a
2.27%
2023
Armed forces personnel
0
2020
9,000
2020
Deficit/surplus, % of GDP
-1.64%
2025
-3.63%
2025
Unemployment rate
3.56%
2024
6.88%
2024
Services, % of GDP
65.5%
2024
63.1%
2024
Industry, % of GDP
19.4%
2024
19.9%
2024
Economic freedom index
72.8
2025
71.4
2025
Income share by richest 10%
22.4%
2019
26.2%
2023
Income share by poorest 10%
3.7%
2019
2.6%
2023
Number of billionaires
1
2025
n/a
Percentage of billionaires
0.0003%
2025
n/a
Listed domestic companies
34
2004
56
2003
Total reserves including gold
$6.4B
2024
$5.14B
2024
Personal remittances received
$246M
2024
$1.34B
2024
International tourist arrivals
488,000
2020
3,204,000
2020
International tourism as share of exports
11.9%
2008
7.25%
2007
Banked people share
99.9%
2024
95%
2024

Energy

Iceland Latvia
Energy use, kg of oil equivalent per capita
15,379 kg
2023
2,248 kg
2023
GDP PPP per kg equivalent of energy use
$4.99
2023
$18.6
2023
Carbon dioxide (CO2) emissions
3.09 megatons
2023
6.55 megatons
2023
CO2 emissions per capita
7.85 tons
2023
3.49 tons
2023
Fossil fuel energy use share
10.3%
2023
47.8%
2023
Renewable energy use share
82.4%
2021
44%
2021
Alternative and nuclear energy use share
88.8%
2023
8.79%
2023
Net energy imports use share
20.5%
2009
34.3%
2023
Electric power consumption per capita
49,956 kWh
2023
3,629 kWh
2023
Renewable electricity output share
100%
2016
63.6%
2021
Hydroelectric share
70.3%
2023
59.4%
2023
Nuclear share
0%
2021
0%
2021
Electricity access
100%
2023
100%
2023

Society

Iceland Latvia
% of world population
0.005%
2024
0.02%
2024
Annual migration change
+3,543
2024
-2,225
2024
Urban population
94.1%
2024
68.8%
2024
Male:Female ratio
50:50
2024
50:50
2024
Average male height
5.97 ft
2025
5.94 ft
2025
Average female height
5.54 ft
2025
5.54 ft
2025
Quality of life index
92.4
2025
74.3
2025
Corruption Perceptions Index
77
2024
59
2024
Higher education index
79
2025
70
2025
Homicides per 100K people
1.07
2022
2.5
2023
Road traffic mortality per 100K people
2
2019
8.1
2019
Visa free countries
171
2025
172
2025
Adult literacy rate
99%
2003
99.9%
2021
English speaking
98%
2023
45.9%
2023
People using the Internet
99.8%
2023
92.7%
2024

Health

Iceland Latvia
Government health expenditure per capita
$7,197
2023
$1,642
2022
Out-of-pocket health expenditure per capita
$1,035
2023
$505
2022
Life expectancy
83.2 years
2025
76.5 years
2025
Foreign aid share of health expenditure
0%
2022
0.18%
2022
Physicians per 1,000 people
4.52
2022
3.38
2021
Age at first childbirth
28.8 years
2023
28 years
2023
Maternal mortality per 100K births
3
2023
19
2023
Mortality rate before reaching 5 years of age, per 1,000 live births
2.6
2023
3
2023
Obesity rate
21.8%
2022
24.9%
2022
Diabetes prevalence
6.9%
2024
7.1%
2024
Air quality index
98
2025
75
2025
Tobacco use prevalence
9.4%
2022
33.9%
2022
Pure alcohol consumption per capita
7.94 liters
2020
12.9 liters
2020

Territory

Iceland Latvia
% of world land
0.07%
2025
0.04%
2025
Land area per capita
96,218 sq mi
2024
12,901 sq mi
2024
Agricultural land area
6,324 sq mi
2025
7,610 sq mi
2025
Forest area
205.8 sq mi
2025
13,214 sq mi
2025
Roads length
8,014 mi
2012
n/a

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