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Iceland vs Latvia statistics compared

Updated on by Georank team

Iceland has a population of 387K (ranked 173/197), compared with 1.87M 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 ($33.3B) and Latvia ranks 99/197 ($43.7B). By GDP per capita, Iceland ranks 9/197 ($86,041), while Latvia ranks 54/197 ($23,409).

Main facts and rankings

Iceland Latvia
Population
397129
1829763
Population rank 173/197 149/197
GDP
$33.3B
2024
$43.7B
2024
GDP rank 108/197 99/197
GDP per capita
$86,041
2024
$23,409
2024
GDP per capita rank 9/197 54/197
GDP per capita, PPP
$84,257
2024
$43,394
2024
Government debt
$19.8B
2024
$20.4B
2024
Debt-to-GDP ratio
59.4%
2024
46.8%
2024
Government debt per person
$51,148
2024
$10,945
2024
Government debt per person rank 9/185 53/185
Average annual personal income after taxes
$55,565
2026
$17,033
2026
Land area 38,931 sq mi 24,027 sq mi
Population density
10.2 ppl/mi²
2026
76.2 ppl/mi²
2026
Fertility rate
1.59
2023
1.36
2023
Median age
37.1 years
2024
44.3 years
2024
Life expectancy
83.3 years
2026
76.6 years
2026

Iceland and Latvia: Comparison Charts

Iceland and Latvia economies compared

GDP
Iceland

Latvia
1x
Year GDP
Iceland Latvia
2024 $33,255,181,469 $43,684,254,432
2023 $31,677,891,897 $42,779,550,937
2022 $29,166,102,877 $38,003,198,509
2021 $26,234,872,402 $38,183,326,785
2020 $22,034,665,041 $33,379,927,435
2019 $24,985,687,022 $33,099,503,951
2018 $26,677,652,544 $33,247,935,477
2017 $25,060,086,488 $29,391,059,767
2016 $21,083,713,310 $27,117,105,060
2015 $17,700,486,957 $26,344,565,877
2014 $18,052,183,515 $30,277,203,767
2013 $16,244,319,959 $29,152,128,168
2012 $14,943,757,823 $27,116,149,949
2011 $15,394,005,872 $26,575,547,901
2010 $13,922,711,577 $23,468,324,572
2009 $13,212,543,838 $25,691,530,442
2008 $18,247,921,360 $34,135,200,994
2007 $21,960,110,030 $29,420,499,248
2006 $17,671,649,843 $20,434,922,247
2005 $17,146,410,561 $16,306,935,905
2004 $13,963,943,244 $13,827,070,379
2003 $11,564,687,742 $11,244,337,720
2002 $9,416,199,700 $9,249,030,241
2001 $8,323,401,820 $8,190,888,740
2000 $9,140,168,922 $7,761,252,607
1999 $9,107,644,691 $7,324,192,890
1998 $8,637,732,542 $6,974,112,951
1997 $7,716,781,803 $6,349,481,007
1996 $7,686,566,105 $5,799,465,288
1995 $7,372,640,169 $5,608,208,785
1994 $6,612,804,056 -
1993 $6,435,952,174 -
1992 $7,328,497,599 -
1991 $7,151,260,062 -
1990 $6,694,851,159 -
1989 $5,870,854,233 -
1988 $6,320,093,411 -
1987 $5,713,281,235 -
1986 $4,129,080,094 -
1985 $3,088,359,967 -
1984 $2,964,568,006 -
1983 $2,862,634,164 -
1982 $3,318,714,326 -
1981 $3,615,094,820 -
1980 $3,499,616,683 -
1979 $2,953,176,971 -
1978 $2,599,627,089 -
1977 $2,285,707,749 -
1976 $1,727,845,419 -
1975 $1,456,052,700 -
1974 $1,568,154,077 -
1973 $1,194,794,186 -
1972 $869,002,946 -
1971 $693,679,545 -
1970 $545,115,909 -
1969 $435,659,610 -
1968 $498,365,200 -
1967 $652,609,076 -
1966 $660,663,763 -
1965 $550,150,988 -
1964 $456,206,299 -
1963 $357,240,896 -
1962 $299,309,938 -
1961 $266,711,460 -
1960 $260,984,499 -

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

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

Iceland and Latvia economies compared

GDP per capita
Iceland

Latvia
1x
Year GDP per capita
Iceland Latvia
2024 $86,041 $23,409
2023 $82,139 $22,710
2022 $76,350 $20,221
2021 $70,425 $20,262
2020 $60,128 $17,564
2019 $69,296 $17,295
2018 $75,634 $17,252
2017 $72,976 $15,132
2016 $62,854 $13,839
2015 $53,506 $13,322
2014 $55,140 $15,186
2013 $50,173 $14,484
2012 $46,595 $13,329
2011 $48,255 $12,903
2010 $43,776 $11,188
2009 $41,484 $11,996
2008 $57,489 $15,678
2007 $70,483 $13,371
2006 $58,172 $9,212
2005 $57,784 $7,284
2004 $47,810 $6,110
2003 $39,944 $4,915
2002 $32,749 $4,004
2001 $29,208 $3,505
2000 $32,504 $3,278
1999 $32,834 $3,064
1998 $31,519 $2,894
1997 $28,462 $2,610
1996 $28,584 $2,360
1995 $27,565 $2,257
1994 $24,858 -
1993 $24,404 -
1992 $28,072 -
1991 $27,740 -
1990 $26,272 -
1989 $23,219 -
1988 $25,307 -
1987 $23,238 -
1986 $16,980 -
1985 $12,793 -
1984 $12,378 -
1983 $12,080 -
1982 $14,191 -
1981 $15,666 -
1980 $15,340 -
1979 $13,082 -
1978 $11,630 -
1977 $10,305 -
1976 $7,848 -
1975 $6,680 -
1974 $7,287 -
1973 $5,627 -
1972 $4,155 -
1971 $3,366 -
1970 $2,666 -
1969 $2,142 -
1968 $2,473 -
1967 $3,284 -
1966 $3,378 -
1965 $2,861 -
1964 $2,414 -
1963 $1,924 -
1962 $1,641 -
1961 $1,490 -
1960 $1,486 -

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

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

Iceland vs. Latvia life expectancy calculator

Life expectancy
Iceland

Latvia
1x
Year Life expectancy, years
Iceland Latvia
2026 83.3 76.6
2025 83.2 76.5
2024 83 76.3
2023 82.7 76.2
2022 81.6 74.9
2021 82.8 73.2
2020 82.7 75.5
2019 82.8 75.6
2018 82.5 75
2017 82.2 74.8
2016 81.8 74.8
2015 82.2 74.7
2014 82.4 74.3
2013 81.7 74.2
2012 82.3 73.9
2011 82 73.7
2010 81.6 73
2009 81.4 72.7
2008 81.2 72
2007 81.1 70.8
2006 80.9 70.6
2005 81.2 70.6
2004 80.7 70.9
2003 80.8 70.6
2002 80.3 70.2
2001 80.4 69.9
2000 79.5 70.2
1999 79.2 69.6
1998 79.4 68.9
1997 78.7 69.2
1996 78.6 68.6
1995 77.5 66
1994 79 65.2
1993 78.8 66.6
1992 78.6 68.5
1991 77.8 69.2
1990 77.7 69.5
1989 77.9 70.4
1988 76.9 70.9
1987 77.1 71
1986 77.9 71
1985 77.4 69.6
1984 77.3 69.4
1983 76.4 69.4
1982 76.8 69.6
1981 76.2 69.1
1980 76.6 69.1
1979 76.5 68.8
1978 76.4 69.3
1977 76.1 69.4
1976 76.6 69.4
1975 75.3 69.3
1974 74.1 70.1
1973 74.3 70.2
1972 74.4 70.3
1971 73.5 70.6
1970 73.8 70.2
1969 73.7 70.2
1968 73.9 70.5
1967 73.7 70.9
1966 73.1 71.2
1965 73.8 71.2
1964 73.5 71.5
1963 72.9 70.3
1962 73.6 69.9
1961 73.4 70.5
1960 74 70.3
1959 72.6 69.5
1958 73.3 68.9
1957 73.4 68.3
1956 72.9 67.6
1955 73.3 67.1
1954 73.3 66.7
1953 72.3 66.2
1952 72.4 65.7
1951 71 65.2
1950 71 64.6

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

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

Iceland and Latvia population clocks and comparison

Population
Iceland

Latvia
1x
Year Population
Iceland Latvia
2024 386,506 1,866,124
2023 385,663 1,883,710
2022 382,003 1,879,383
2021 372,520 1,884,490
2020 366,463 1,900,449
2019 360,563 1,913,822
2018 352,721 1,927,174
2017 343,400 1,942,248
2016 335,439 1,959,537
2015 330,815 1,977,527
2014 327,386 1,993,782
2013 323,764 2,012,647
2012 320,716 2,034,319
2011 319,014 2,059,709
2010 318,041 2,097,555
2009 318,499 2,141,669
2008 317,414 2,177,322
2007 311,566 2,200,325
2006 303,782 2,218,357
2005 296,734 2,238,799
2004 292,074 2,263,122
2003 289,521 2,287,955
2002 287,523 2,310,173
2001 284,968 2,337,170
2000 281,205 2,367,550
1999 277,381 2,390,482
1998 274,047 2,410,019
1997 271,128 2,432,851
1996 268,916 2,457,222
1995 267,468 2,485,056
1994 266,021 2,520,742
1993 263,725 2,563,290
1992 261,057 2,614,338
1991 257,797 2,650,581
1990 254,826 2,663,151
1989 252,852 2,666,955
1988 249,740 2,653,434
1987 245,859 2,626,583
1986 243,180 2,599,892
1985 241,405 2,578,873
1984 239,511 2,562,047
1983 236,977 2,546,011
1982 233,860 2,531,080
1981 230,755 2,519,421
1980 228,138 2,511,701
1979 225,735 2,505,953
1978 223,537 2,497,921
1977 221,799 2,485,073
1976 220,154 2,470,989
1975 217,979 2,456,130
1974 215,209 2,437,186
1973 212,317 2,415,819
1972 209,137 2,395,674
1971 206,098 2,376,389
1970 204,438 2,359,164
1969 203,369 2,343,173
1968 201,488 2,323,619
1967 198,751 2,301,220
1966 195,570 2,283,217
1965 192,286 2,265,919
1964 188,983 2,240,623
1963 185,653 2,210,919
1962 182,378 2,181,586
1961 179,029 2,152,681
1960 175,574 2,120,979

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

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

Fertility rates in Iceland and Latvia

Fertility rate
Iceland

Latvia
1x
Year Fertility rate
Iceland Latvia
2023 1.59 1.36
2022 1.59 1.47
2021 1.82 1.57
2020 1.72 1.55
2019 1.74 1.61
2018 1.71 1.6
2017 1.71 1.69
2016 1.74 1.74
2015 1.8 1.7
2014 1.93 1.65
2013 1.93 1.52
2012 2.04 1.44
2011 2.02 1.33
2010 2.2 1.36
2009 2.23 1.46
2008 2.15 1.58
2007 2.09 1.54
2006 2.08 1.46
2005 2.05 1.39
2004 2.04 1.29
2003 1.99 1.32
2002 1.93 1.26
2001 1.95 1.22
2000 2.08 1.25
1999 1.99 1.16
1998 2.05 1.09
1997 2.04 1.11
1996 2.12 1.16
1995 2.08 1.25
1994 2.14 1.39
1993 2.22 1.51
1992 2.21 1.73
1991 2.18 1.86
1990 2.3 2.02
1989 2.19 2.05
1988 2.26 2.11
1987 2.06 2.15
1986 1.92 2.12
1985 1.93 2.08
1984 2.08 2.09
1983 2.24 2.07
1982 2.27 1.97
1981 2.33 1.88
1980 2.48 1.86
1979 2.49 1.87
1978 2.35 1.87
1977 2.31 1.89
1976 2.52 1.93
1975 2.65 1.96
1974 2.66 1.97
1973 2.94 1.98
1972 3.09 2
1971 2.92 2
1970 2.81 1.96
1969 2.99 1.88
1968 3.06 1.83
1967 3.28 1.8
1966 3.59 1.76
1965 3.73 1.74
1964 3.88 1.79
1963 3.99 1.85
1962 3.98 1.91
1961 3.88 1.94
1960 4.29 1.94

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

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

Iceland and Latvia demographics compared

Median age
Iceland

Latvia
1x
Year Median age, years
Iceland Latvia
2024 37.1 44.3
2023 36.9 44.1
2022 36.7 44
2021 36.7 43.9
2020 36.6 43.8
2019 36.5 43.6
2018 36.4 43.4
2017 36.3 43.2
2016 36.2 43
2015 36 42.8
2014 35.7 42.5
2013 35.5 42.3
2012 35.4 42
2011 35.1 41.6
2010 34.9 41.1
2009 34.6 40.5
2008 34.5 40.1
2007 34.6 39.9
2006 34.5 39.7
2005 34.2 39.4
2004 34 39.2
2003 33.7 38.9
2002 33.4 38.6
2001 33 38.3
2000 32.8 37.9
1999 32.6 37.6
1998 32.4 37.3
1997 32.1 36.9
1996 31.8 36.6
1995 31.5 36.2
1994 31.1 36
1993 30.8 35.6
1992 30.5 35.2
1991 30.2 34.8
1990 30 34.6
1989 29.6 34.5
1988 29.3 34.6
1987 29.1 34.6
1986 28.8 34.7
1985 28.4 34.7
1984 28 34.7
1983 27.7 34.6
1982 27.5 34.7
1981 27.2 34.8
1980 26.9 34.9
1979 26.7 35.1
1978 26.4 35.1
1977 26 35.1
1976 25.7 35
1975 25.4 34.9
1974 25.1 34.7
1973 24.9 34.6
1972 24.8 34.5
1971 24.7 34.3
1970 24.5 34.2
1969 24.3 34.1
1968 24.2 34
1967 24.1 33.8
1966 24.1 33.5
1965 24.2 33.2
1964 24.4 33
1963 24.7 32.8
1962 24.9 32.6
1961 25.2 32.4
1960 25.4 32.3

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

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

Interactive Maps

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National statistics comparison

Finance

Iceland Latvia
GNI, Atlas method
$31.8B
2024
$40.4B
2024
Government expenditure, % of GDP
46.5%
2024
44.5%
2024
Education expenditure, % of GDP
7.29%
2022
4.32%
2022
Military expenditure, % of GDP n/a
3.26%
2024
Armed forces personnel
0
2020
9,000
2020
Deficit/surplus, % of GDP
-3.51%
2024
-1.82%
2024
Unemployment rate
3.56%
2024
6.88%
2024
Services, % of GDP
64.9%
2024
64.6%
2024
Industry, % of GDP
20.1%
2024
18.5%
2024
Economic freedom index
75
2026
71.6
2026
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
15,686 kg
2023
2,240 kg
2023
GDP PPP per kg equivalent of energy use
$5.2
2023
$19
2023
Carbon dioxide (CO2) emissions
3.29 megatons
2024
6.81 megatons
2024
CO2 emissions per capita
8.52 tons
2024
3.65 tons
2024
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
50,951 kWh
2023
3,617 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
+2,709
2025
-7,330
2025
Urban population
94.2%
2024
68.5%
2024
Male:Female ratio
51.2:48.8
2024
46.4:53.6
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
93.6
2026
75.4
2026
Corruption Perceptions Index
77
2025
60
2025
Higher education index
79
2026
70
2026
Homicides per 100K people
1.07
2022
2.5
2023
Road traffic mortality per 100K people
2
2019
8.1
2019
Visa free countries
168
2025
171
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
$7,642
2024
$1,645
2023
Out-of-pocket health expenditure per capita
$1,137
2024
$577
2023
Life expectancy
83.3 years
2026
76.6 years
2026
Foreign aid share of health expenditure
0%
2023
0.14%
2023
Physicians per 1,000 people
4.37
2023
3.4
2022
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
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
2026
75
2026
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%
2026
0.04%
2026
Land area per capita
100,725 sq mi
2024
12,875 sq mi
2024
Agricultural land area
6,324 sq mi
2026
7,610 sq mi
2026
Forest area
205.8 sq mi
2026
13,214 sq mi
2026
Roads length
8,014 mi
2012
n/a

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) (2000–2019, 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. United Nations Economic Commission for Europe (UNECE) (2023, retrieved 2026-03-10)
  9. Passport Index (2025, retrieved 2026-02-08)
  10. Transparency International (2025, retrieved 2026-02-10)
  11. The Heritage Foundation | Economic Freedom Index (2026, retrieved 2026-03-09)
  12. EduRank (2026, retrieved 2025-10-13)

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