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Iceland vs Luxembourg statistics compared

Updated on by Georank team

Iceland has a population of 405K (ranked 172/197), compared with 678K in Luxembourg (ranked 164/197). Iceland's land area is 38,931 sq mi versus 994 sq mi for Luxembourg (ranked 104th vs. 169th).

By GDP, Iceland ranks 108/197 ($33.5B) and Luxembourg ranks 73/197 ($93.2B). By GDP per capita, Iceland ranks 10/197 ($82,704), while Luxembourg ranks 3/197 ($137,517).

Main facts and rankings

Iceland Luxembourg
Population
412970
690832
Population rank 172/197 164/197
GDP
$33.5B
2024
$93.2B
2024
GDP rank 108/197 73/197
GDP per capita
$82,704
2024
$137,517
2024
GDP per capita rank 10/197 3/197
GDP per capita, PPP
$78,259
2024
$150,772
2024
Government debt
$19.8B
2024
$24.2B
2024
Debt-to-GDP ratio
52.9%
2025
26.4%
2025
Government debt per person
$48,859
2024
$35,728
2024
Government debt per person rank 9/185 20/185
Average annual personal income after taxes
$54,155
2025
$64,450
2025
Land area
38,931 sq mi
2025
994 sq mi
2025
Population density
10.4 ppl/mi²
2024
682 ppl/mi²
2024
Fertility rate
1.59
2023
1.25
2023
Median age
37.1 years
2024
40.2 years
2024
Life expectancy
83.2 years
2025
82.5 years
2025

Iceland and Luxembourg: Comparison Charts

Iceland and Luxembourg economies compared

GDP
Iceland

Luxembourg
Year GDP
Iceland Luxembourg
1960 $252,169,712 $709,941,874
1961 $257,703,245 $710,163,719
1962 $289,200,704 $747,846,862
1963 $345,175,036 $797,902,154
1964 $440,797,869 $910,877,686
1965 $531,569,564 $929,477,285
1966 $638,349,755 $976,717,015
1967 $630,567,116 $983,052,315
1968 $481,532,848 $1,075,561,623
1969 $420,945,148 $1,245,432,991
1970 $526,704,545 $1,457,768,455
1971 $670,251,136 $1,518,773,421
1972 $839,652,164 $1,901,697,370
1973 $1,154,440,253 $2,609,875,802
1974 $1,515,190,595 $3,183,637,117
1975 $1,406,875,081 $3,123,333,333
1976 $1,669,488,390 $3,423,586,207
1977 $2,208,509,076 $3,789,321,328
1978 $2,511,826,196 $4,718,539,772
1979 $2,853,435,054 $5,516,982,664
1980 $3,381,419,251 $6,019,805,490
1981 $3,492,997,010 $5,053,665,797
1982 $3,206,626,645 $4,602,316,793
1983 $2,765,950,336 $4,524,217,751
1984 $2,864,441,387 $4,438,435,493
1985 $2,984,052,357 $4,577,211,767
1986 $3,989,622,739 $6,685,595,088
1987 $5,520,318,405 $8,320,902,215
1988 $6,106,635,816 $9,418,167,855
1989 $5,672,569,449 $10,037,674,038
1990 $6,468,736,356 $12,778,792,854
1991 $6,909,730,288 $13,834,219,728
1992 $7,080,981,738 $15,518,702,635
1993 $6,218,581,532 $15,925,521,222
1994 $6,389,460,343 $17,701,798,891
1995 $7,123,633,418 $20,853,093,870
1996 $7,426,082,271 $20,895,314,658
1997 $7,569,672,925 $19,563,836,265
1998 $8,503,746,468 $20,150,053,345
1999 $8,982,047,589 $21,899,317,599
2000 $9,025,660,362 $21,230,182,989
2001 $8,234,846,805 $21,387,533,703
2002 $9,318,395,055 $23,649,833,332
2003 $11,429,333,038 $29,667,268,248
2004 $13,825,302,536 $35,064,843,793
2005 $16,852,963,067 $37,672,280,120
2006 $17,465,318,552 $42,910,146,296
2007 $21,652,505,597 $51,587,401,416
2008 $18,074,622,987 $58,844,277,702
2009 $13,154,414,219 $54,467,289,898
2010 $13,751,161,918 $56,213,985,987
2011 $15,221,622,926 $61,696,281,326
2012 $14,751,508,134 $59,776,383,527
2013 $16,125,060,515 $65,203,276,467
2014 $17,867,662,178 $68,804,811,898
2015 $17,517,210,519 $60,071,584,216
2016 $20,793,168,031 $62,216,885,436
2017 $24,728,285,177 $65,712,180,343
2018 $26,260,850,582 $71,085,623,495
2019 $24,681,343,649 $69,872,035,114
2020 $21,629,953,194 $73,670,782,100
2021 $25,770,339,317 $86,386,759,695
2022 $28,696,453,180 $80,801,680,397
2023 $31,452,223,862 $87,574,021,092
2024 $33,462,807,983 $93,197,329,012

Iceland and Luxembourg economies compared

GDP per capita
Iceland

Luxembourg
Year GDP per capita
Iceland Luxembourg
1960 $1,436 $2,261
1961 $1,439 $2,241
1962 $1,586 $2,332
1963 $1,859 $2,462
1964 $2,332 $2,779
1965 $2,764 $2,804
1966 $3,264 $2,925
1967 $3,173 $2,935
1968 $2,390 $3,203
1969 $2,070 $3,690
1970 $2,576 $4,298
1971 $3,252 $4,435
1972 $4,015 $5,487
1973 $5,437 $7,447
1974 $7,041 $8,967
1975 $6,454 $8,701
1976 $7,583 $9,491
1977 $9,957 $10,486
1978 $11,237 $13,034
1979 $12,641 $15,204
1980 $14,822 $16,531
1981 $15,137 $13,837
1982 $13,712 $12,591
1983 $11,672 $12,374
1984 $11,960 $12,127
1985 $12,361 $12,482
1986 $16,406 $18,150
1987 $22,453 $22,443
1988 $24,452 $25,219
1989 $22,434 $26,618
1990 $25,385 $33,465
1991 $26,803 $35,747
1992 $27,124 $39,571
1993 $23,580 $40,067
1994 $24,019 $43,933
1995 $26,634 $51,032
1996 $27,615 $50,444
1997 $27,919 $46,642
1998 $31,030 $47,445
1999 $32,382 $50,872
2000 $32,096 $48,660
2001 $28,897 $48,440
2002 $32,409 $53,006
2003 $39,477 $65,689
2004 $47,335 $76,545
2005 $56,795 $80,988
2006 $57,493 $90,789
2007 $69,496 $107,475
2008 $56,943 $120,422
2009 $41,301 $109,420
2010 $43,237 $110,886
2011 $47,715 $119,025
2012 $45,996 $112,585
2013 $49,805 $120,000
2014 $54,577 $123,679
2015 $52,952 $105,462
2016 $61,988 $106,899
2017 $72,010 $110,193
2018 $74,452 $116,927
2019 $68,452 $112,697
2020 $59,024 $116,860
2021 $69,178 $134,966
2022 $75,121 $123,720
2023 $79,960 $131,408
2024 $82,704 $137,517

Iceland vs. Luxembourg life expectancy calculator

Life expectancy
Iceland

Luxembourg
Year Life expectancy, years
Iceland Luxembourg
1950 71 65.5
1951 71 65.9
1952 72.4 66.1
1953 72.3 66.4
1954 73.3 66.7
1955 73.3 67.4
1956 72.9 67.1
1957 73.4 66.9
1958 73.3 68.4
1959 72.6 68.4
1960 74 68.8
1961 73.4 69.1
1962 73.6 68.4
1963 72.9 68.7
1964 73.5 68.8
1965 73.8 69.2
1966 73.1 68.9
1967 73.7 69.5
1968 73.9 70
1969 73.7 69.7
1970 73.8 69.2
1971 73.5 69.2
1972 74.4 70.5
1973 74.3 70.3
1974 74.1 70.2
1975 75.3 70.3
1976 76.6 70.2
1977 76.1 71.5
1978 76.4 71.5
1979 76.5 72.3
1980 76.6 72.4
1981 76.2 72.1
1982 76.8 72.2
1983 76.4 73
1984 77.3 72.7
1985 77.4 73.3
1986 77.9 74.1
1987 77.1 73.9
1988 76.9 74.3
1989 77.9 74.3
1990 77.7 75
1991 77.8 75
1992 78.6 74.7
1993 78.8 75.4
1994 79 75.9
1995 77.5 75.9
1996 78.6 76.2
1997 78.7 76.4
1998 79.4 76.6
1999 79.2 77
2000 79.5 77.3
2001 80.4 77.5
2002 80.3 77.6
2003 80.8 77.3
2004 80.7 78.7
2005 81.2 78.9
2006 80.9 78.8
2007 81.1 79.1
2008 81.2 80.1
2009 81.4 79.9
2010 81.6 80.1
2011 82 80.3
2012 82.3 80.4
2013 81.7 80.9
2014 82.4 81.2
2015 82.2 81.3
2016 81.8 81.6
2017 82.2 81.1
2018 82.5 81.5
2019 82.8 81.6
2020 82.7 81.4
2021 82.8 81.8
2022 81.6 82.2
2023 82.7 82.2
2024 83 82.4
2025 83.2 82.5

Iceland and Luxembourg population clocks and comparison

Population
Iceland

Luxembourg
Year Population
Iceland Luxembourg
1960 175,574 313,970
1961 179,029 316,845
1962 182,378 320,750
1963 185,653 324,100
1964 188,983 327,750
1965 192,286 331,500
1966 195,570 333,895
1967 198,751 334,995
1968 201,488 335,850
1969 203,369 337,500
1970 204,438 339,171
1971 206,098 342,421
1972 209,137 346,600
1973 212,317 350,450
1974 215,209 355,050
1975 217,979 358,950
1976 220,154 360,731
1977 221,799 361,358
1978 223,537 362,007
1979 225,735 362,856
1980 228,138 364,150
1981 230,755 365,225
1982 233,860 365,525
1983 236,977 365,622
1984 239,511 365,998
1985 241,405 366,706
1986 243,180 368,355
1987 245,859 370,750
1988 249,740 373,450
1989 252,852 377,100
1990 254,826 381,850
1991 257,797 387,000
1992 261,057 392,175
1993 263,725 397,475
1994 266,021 402,925
1995 267,468 408,625
1996 268,916 414,225
1997 271,128 419,450
1998 274,047 424,700
1999 277,381 430,475
2000 281,205 436,300
2001 284,968 441,525
2002 287,523 446,175
2003 289,521 451,630
2004 292,074 458,095
2005 296,734 465,158
2006 303,782 472,637
2007 311,566 479,993
2008 317,414 488,650
2009 318,499 497,783
2010 318,041 506,953
2011 319,014 518,347
2012 320,716 530,946
2013 323,764 543,360
2014 327,386 556,319
2015 330,815 569,604
2016 335,439 582,014
2017 343,400 596,336
2018 352,721 607,950
2019 360,563 620,001
2020 366,463 630,419
2021 372,520 640,064
2022 382,003 653,103
2023 393,349 666,430
2024 404,610 677,717

Fertility rates in Iceland and Luxembourg

Fertility rate
Iceland

Luxembourg
Year Fertility rate
Iceland Luxembourg
1960 4.29 2.29
1961 3.88 -
1962 3.98 2.37
1963 3.99 -
1964 3.88 2.34
1965 3.73 2.42
1966 3.59 2.34
1967 3.28 2.24
1968 3.06 2.12
1969 2.99 2.02
1970 2.81 1.97
1971 2.92 1.95
1972 3.09 1.75
1973 2.94 1.58
1974 2.66 1.58
1975 2.65 1.55
1976 2.52 1.48
1977 2.31 1.5
1978 2.35 1.48
1979 2.49 1.48
1980 2.48 1.5
1981 2.33 1.55
1982 2.27 1.49
1983 2.24 1.43
1984 2.08 1.42
1985 1.93 1.38
1986 1.92 1.43
1987 2.06 1.4
1988 2.26 1.51
1989 2.19 1.52
1990 2.3 1.6
1991 2.18 1.6
1992 2.21 1.64
1993 2.22 1.7
1994 2.14 1.72
1995 2.08 1.7
1996 2.12 1.77
1997 2.04 1.71
1998 2.05 1.68
1999 1.99 1.74
2000 2.08 1.76
2001 1.95 1.66
2002 1.93 1.63
2003 1.99 1.62
2004 2.04 1.66
2005 2.05 1.63
2006 2.08 1.65
2007 2.09 1.61
2008 2.15 1.61
2009 2.23 1.59
2010 2.2 1.63
2011 2.02 1.52
2012 2.04 1.57
2013 1.93 1.55
2014 1.93 1.5
2015 1.8 1.47
2016 1.74 1.41
2017 1.71 1.39
2018 1.71 1.38
2019 1.74 1.34
2020 1.72 1.36
2021 1.82 1.38
2022 1.59 1.31
2023 1.59 1.25

Iceland and Luxembourg demographics compared

Median age
Iceland

Luxembourg
Year Median age, years
Iceland Luxembourg
1960 25.4 35.1
1961 25.2 35.1
1962 24.9 35.1
1963 24.7 35.1
1964 24.4 35.2
1965 24.2 35.2
1966 24.1 35.2
1967 24.1 35.2
1968 24.2 35.3
1969 24.3 35.3
1970 24.5 35.3
1971 24.7 35.3
1972 24.8 35.1
1973 24.9 35.1
1974 25.1 35
1975 25.4 35
1976 25.7 34.9
1977 26 34.8
1978 26.4 34.8
1979 26.7 34.8
1980 26.9 34.9
1981 27.2 35
1982 27.5 35.2
1983 27.7 35.4
1984 28 35.6
1985 28.4 35.8
1986 28.8 36
1987 29.1 36.1
1988 29.3 36.2
1989 29.6 36.3
1990 30 36.4
1991 30.2 36.4
1992 30.5 36.5
1993 30.8 36.5
1994 31.1 36.6
1995 31.5 36.7
1996 31.8 36.8
1997 32.1 37
1998 32.4 37.1
1999 32.6 37.3
2000 32.8 37.3
2001 33 37.3
2002 33.4 37.6
2003 33.7 37.8
2004 34 38
2005 34.2 38.2
2006 34.5 38.4
2007 34.6 38.5
2008 34.5 38.7
2009 34.6 38.8
2010 34.9 38.9
2011 35.1 39
2012 35.4 39.1
2013 35.5 39.1
2014 35.7 39.2
2015 36 39.3
2016 36.2 39.3
2017 36.3 39.4
2018 36.4 39.5
2019 36.5 39.5
2020 36.6 39.6
2021 36.7 39.7
2022 36.7 39.7
2023 36.9 39.9
2024 37.1 40.2

Interactive Maps

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

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

National statistics comparison

Finance

Iceland Luxembourg
GNI, Atlas method
$31.8B
2024
$62B
2024
Government expenditure, % of GDP
44.5%
2025
48.2%
2025
Education expenditure, % of GDP
7.29%
2022
3.71%
2022
Military expenditure, % of GDP n/a
0.75%
2023
Armed forces personnel
0
2020
1,000
2020
Deficit/surplus, % of GDP
-1.64%
2025
-0.78%
2025
Unemployment rate
3.56%
2024
6.42%
2024
Services, % of GDP
65.5%
2024
81.9%
2024
Industry, % of GDP
19.4%
2024
9.01%
2024
Economic freedom index
72.8
2025
79.5
2025
Income share by richest 10%
22.4%
2019
25%
2023
Income share by poorest 10%
3.7%
2019
2.8%
2023
Number of billionaires
1
2025
1
2025
Percentage of billionaires
0.0003%
2025
0.0002%
2025
Listed domestic companies
34
2004
28
2024
Market capitalization of domestic companies n/a
$41.9B
2024
Total reserves including gold
$6.4B
2024
$2.79B
2024
Personal remittances received
$246M
2024
$2.45B
2024
International tourist arrivals
488,000
2020
525,000
2020
International tourism as share of exports
11.9%
2008
2.98%
2020
Banked people share
99.9%
2024
98.8%
2017

Energy

Iceland Luxembourg
Energy use, kg of oil equivalent per capita
15,379 kg
2023
4,592 kg
2023
GDP PPP per kg equivalent of energy use
$4.99
2023
$31
2023
Carbon dioxide (CO2) emissions
3.09 megatons
2023
7.01 megatons
2023
CO2 emissions per capita
7.85 tons
2023
10.5 tons
2023
Fossil fuel energy use share
10.3%
2023
70.4%
2023
Renewable energy use share
82.4%
2021
20.5%
2021
Alternative and nuclear energy use share
88.8%
2023
2.55%
2023
Net energy imports use share
20.5%
2009
109.6%
2023
Electric power consumption per capita
49,956 kWh
2023
11,428 kWh
2023
Renewable electricity output share
100%
2016
89%
2021
Hydroelectric share
70.3%
2023
48.8%
2023
Nuclear share
0%
2021
0%
2021
Electricity access
100%
2023
100%
2023

Society

Iceland Luxembourg
% of world population
0.005%
2024
0.008%
2024
Annual migration change
+3,543
2024
+5,677
2024
Urban population
94.1%
2024
92.3%
2024
Male:Female ratio
50:50
2024
50:50
2024
Average male height
5.97 ft
2025
5.86 ft
2025
Average female height
5.54 ft
2025
5.42 ft
2025
Quality of life index
92.4
2025
93.1
2025
Corruption Perceptions Index
77
2024
81
2024
Higher education index
79
2025
79
2025
Homicides per 100K people
1.07
2022
1.54
2022
Road traffic mortality per 100K people
2
2019
4.1
2019
Visa free countries
171
2025
175
2025
Adult literacy rate
99%
2003
100%
2000
English speaking
98%
2023
57%
2023
People using the Internet
99.8%
2023
98.8%
2024

Health

Iceland Luxembourg
Government health expenditure per capita
$7,197
2023
$7,505
2023
Out-of-pocket health expenditure per capita
$1,035
2023
$654
2023
Life expectancy
83.2 years
2025
82.5 years
2025
Foreign aid share of health expenditure
0%
2022
1.07%
2023
Physicians per 1,000 people
4.52
2022
2.99
2017
Age at first childbirth
28.8 years
2023
31.4 years
2023
Maternal mortality per 100K births
3
2023
11
2023
Mortality rate before reaching 5 years of age, per 1,000 live births
2.6
2023
2.3
2023
Obesity rate
21.8%
2022
18.9%
2022
Diabetes prevalence
6.9%
2024
5.8%
2024
Air quality index
98
2025
81
2025
Tobacco use prevalence
9.4%
2022
23%
2022
Pure alcohol consumption per capita
7.94 liters
2020
10.8 liters
2020

Territory

Iceland Luxembourg
% of world land
0.07%
2025
0.002%
2025
Land area per capita
96,218 sq mi
2024
1,467 sq mi
2024
Agricultural land area
6,324 sq mi
2025
514 sq mi
2025
Forest area
205.8 sq mi
2025
342 sq mi
2025
Roads length
8,014 mi
2012
1,786 mi
2019

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Facts vs Iceland vs Luxembourg
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