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Iceland vs Luxembourg statistics compared

Updated on by Georank team

Iceland has a population of 387K (ranked 173/197), compared with 677K 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 ($33.3B) and Luxembourg ranks 74/197 ($93.3B). By GDP per capita, Iceland ranks 9/197 ($86,041), while Luxembourg ranks 3/197 ($137,782).

Main facts and rankings

Iceland Luxembourg
Population
397129
693885
Population rank 173/197 164/197
GDP
$33.3B
2024
$93.3B
2024
GDP rank 108/197 74/197
GDP per capita
$86,041
2024
$137,782
2024
GDP per capita rank 9/197 3/197
GDP per capita, PPP
$84,257
2024
$155,941
2024
Government debt
$19.8B
2024
$24.5B
2024
Debt-to-GDP ratio
59.4%
2024
26.3%
2024
Government debt per person
$51,148
2024
$36,221
2024
Government debt per person rank 9/185 19/185
Average annual personal income after taxes
$55,565
2026
$69,593
2026
Land area 38,931 sq mi 994 sq mi
Population density
10.2 ppl/mi²
2026
696 ppl/mi²
2026
Fertility rate
1.59
2023
1.25
2023
Median age
37.1 years
2024
40.2 years
2024
Life expectancy
83.3 years
2026
82.6 years
2026

Iceland and Luxembourg: Comparison Charts

Iceland and Luxembourg economies compared

GDP
Iceland

Luxembourg
1x
Year GDP
Iceland Luxembourg
2024 $33,255,181,469 $93,279,851,863
2023 $31,677,891,897 $88,788,881,539
2022 $29,166,102,877 $80,801,680,397
2021 $26,234,872,402 $86,386,759,695
2020 $22,034,665,041 $73,670,782,100
2019 $24,985,687,022 $69,872,035,114
2018 $26,677,652,544 $71,085,623,495
2017 $25,060,086,488 $65,712,180,343
2016 $21,083,713,310 $62,216,885,436
2015 $17,700,486,957 $60,071,584,216
2014 $18,052,183,515 $68,804,811,898
2013 $16,244,319,959 $65,203,276,467
2012 $14,943,757,823 $59,776,383,527
2011 $15,394,005,872 $61,696,281,326
2010 $13,922,711,577 $56,213,985,987
2009 $13,212,543,838 $54,467,289,898
2008 $18,247,921,360 $58,844,277,702
2007 $21,960,110,030 $51,587,401,416
2006 $17,671,649,843 $42,910,146,296
2005 $17,146,410,561 $37,672,280,120
2004 $13,963,943,244 $35,064,843,793
2003 $11,564,687,742 $29,667,268,248
2002 $9,416,199,700 $23,649,833,332
2001 $8,323,401,820 $21,387,533,703
2000 $9,140,168,922 $21,230,182,989
1999 $9,107,644,691 $21,899,317,599
1998 $8,637,732,542 $20,150,053,345
1997 $7,716,781,803 $19,563,836,265
1996 $7,686,566,105 $20,895,314,658
1995 $7,372,640,169 $20,853,093,870
1994 $6,612,804,056 $17,701,798,891
1993 $6,435,952,174 $15,925,521,222
1992 $7,328,497,599 $15,518,702,635
1991 $7,151,260,062 $13,834,219,728
1990 $6,694,851,159 $12,778,792,854
1989 $5,870,854,233 $10,037,674,038
1988 $6,320,093,411 $9,418,167,855
1987 $5,713,281,235 $8,320,902,215
1986 $4,129,080,094 $6,685,595,088
1985 $3,088,359,967 $4,577,211,767
1984 $2,964,568,006 $4,438,435,493
1983 $2,862,634,164 $4,524,217,751
1982 $3,318,714,326 $4,602,316,793
1981 $3,615,094,820 $5,053,665,797
1980 $3,499,616,683 $6,019,805,490
1979 $2,953,176,971 $5,516,982,664
1978 $2,599,627,089 $4,718,539,772
1977 $2,285,707,749 $3,789,321,328
1976 $1,727,845,419 $3,423,586,207
1975 $1,456,052,700 $3,123,333,333
1974 $1,568,154,077 $3,183,637,117
1973 $1,194,794,186 $2,609,875,802
1972 $869,002,946 $1,901,697,370
1971 $693,679,545 $1,518,773,421
1970 $545,115,909 $1,457,768,455
1969 $435,659,610 $1,245,432,991
1968 $498,365,200 $1,075,561,623
1967 $652,609,076 $983,052,315
1966 $660,663,763 $976,717,015
1965 $550,150,988 $929,477,285
1964 $456,206,299 $910,877,686
1963 $357,240,896 $797,902,154
1962 $299,309,938 $747,846,862
1961 $266,711,460 $710,163,719
1960 $260,984,499 $709,941,874

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

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

Iceland and Luxembourg economies compared

GDP per capita
Iceland

Luxembourg
1x
Year GDP per capita
Iceland Luxembourg
2024 $86,041 $137,782
2023 $82,139 $133,231
2022 $76,350 $123,720
2021 $70,425 $134,966
2020 $60,128 $116,860
2019 $69,296 $112,697
2018 $75,634 $116,927
2017 $72,976 $110,193
2016 $62,854 $106,899
2015 $53,506 $105,462
2014 $55,140 $123,679
2013 $50,173 $120,000
2012 $46,595 $112,585
2011 $48,255 $119,025
2010 $43,776 $110,886
2009 $41,484 $109,420
2008 $57,489 $120,422
2007 $70,483 $107,475
2006 $58,172 $90,789
2005 $57,784 $80,988
2004 $47,810 $76,545
2003 $39,944 $65,689
2002 $32,749 $53,006
2001 $29,208 $48,440
2000 $32,504 $48,660
1999 $32,834 $50,872
1998 $31,519 $47,445
1997 $28,462 $46,642
1996 $28,584 $50,444
1995 $27,565 $51,032
1994 $24,858 $43,933
1993 $24,404 $40,067
1992 $28,072 $39,571
1991 $27,740 $35,747
1990 $26,272 $33,465
1989 $23,219 $26,618
1988 $25,307 $25,219
1987 $23,238 $22,443
1986 $16,980 $18,150
1985 $12,793 $12,482
1984 $12,378 $12,127
1983 $12,080 $12,374
1982 $14,191 $12,591
1981 $15,666 $13,837
1980 $15,340 $16,531
1979 $13,082 $15,204
1978 $11,630 $13,034
1977 $10,305 $10,486
1976 $7,848 $9,491
1975 $6,680 $8,701
1974 $7,287 $8,967
1973 $5,627 $7,447
1972 $4,155 $5,487
1971 $3,366 $4,435
1970 $2,666 $4,298
1969 $2,142 $3,690
1968 $2,473 $3,203
1967 $3,284 $2,935
1966 $3,378 $2,925
1965 $2,861 $2,804
1964 $2,414 $2,779
1963 $1,924 $2,462
1962 $1,641 $2,332
1961 $1,490 $2,241
1960 $1,486 $2,261

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

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

Iceland vs. Luxembourg life expectancy calculator

Life expectancy
Iceland

Luxembourg
1x
Year Life expectancy, years
Iceland Luxembourg
2026 83.3 82.6
2025 83.2 82.5
2024 83 82.4
2023 82.7 82.2
2022 81.6 82.2
2021 82.8 81.8
2020 82.7 81.4
2019 82.8 81.6
2018 82.5 81.5
2017 82.2 81.1
2016 81.8 81.6
2015 82.2 81.3
2014 82.4 81.2
2013 81.7 80.9
2012 82.3 80.4
2011 82 80.3
2010 81.6 80.1
2009 81.4 79.9
2008 81.2 80.1
2007 81.1 79.1
2006 80.9 78.8
2005 81.2 78.9
2004 80.7 78.7
2003 80.8 77.3
2002 80.3 77.6
2001 80.4 77.5
2000 79.5 77.3
1999 79.2 77
1998 79.4 76.6
1997 78.7 76.4
1996 78.6 76.2
1995 77.5 75.9
1994 79 75.9
1993 78.8 75.4
1992 78.6 74.7
1991 77.8 75
1990 77.7 75
1989 77.9 74.3
1988 76.9 74.3
1987 77.1 73.9
1986 77.9 74.1
1985 77.4 73.3
1984 77.3 72.7
1983 76.4 73
1982 76.8 72.2
1981 76.2 72.1
1980 76.6 72.4
1979 76.5 72.3
1978 76.4 71.5
1977 76.1 71.5
1976 76.6 70.2
1975 75.3 70.3
1974 74.1 70.2
1973 74.3 70.3
1972 74.4 70.5
1971 73.5 69.2
1970 73.8 69.2
1969 73.7 69.7
1968 73.9 70
1967 73.7 69.5
1966 73.1 68.9
1965 73.8 69.2
1964 73.5 68.8
1963 72.9 68.7
1962 73.6 68.4
1961 73.4 69.1
1960 74 68.8
1959 72.6 68.4
1958 73.3 68.4
1957 73.4 66.9
1956 72.9 67.1
1955 73.3 67.4
1954 73.3 66.7
1953 72.3 66.4
1952 72.4 66.1
1951 71 65.9
1950 71 65.5

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

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

Iceland and Luxembourg population clocks and comparison

Population
Iceland

Luxembourg
1x
Year Population
Iceland Luxembourg
2024 386,506 677,012
2023 385,663 666,430
2022 382,003 653,103
2021 372,520 640,064
2020 366,463 630,419
2019 360,563 620,001
2018 352,721 607,950
2017 343,400 596,336
2016 335,439 582,014
2015 330,815 569,604
2014 327,386 556,319
2013 323,764 543,360
2012 320,716 530,946
2011 319,014 518,347
2010 318,041 506,953
2009 318,499 497,783
2008 317,414 488,650
2007 311,566 479,993
2006 303,782 472,637
2005 296,734 465,158
2004 292,074 458,095
2003 289,521 451,630
2002 287,523 446,175
2001 284,968 441,525
2000 281,205 436,300
1999 277,381 430,475
1998 274,047 424,700
1997 271,128 419,450
1996 268,916 414,225
1995 267,468 408,625
1994 266,021 402,925
1993 263,725 397,475
1992 261,057 392,175
1991 257,797 387,000
1990 254,826 381,850
1989 252,852 377,100
1988 249,740 373,450
1987 245,859 370,750
1986 243,180 368,355
1985 241,405 366,706
1984 239,511 365,998
1983 236,977 365,622
1982 233,860 365,525
1981 230,755 365,225
1980 228,138 364,150
1979 225,735 362,856
1978 223,537 362,007
1977 221,799 361,358
1976 220,154 360,731
1975 217,979 358,950
1974 215,209 355,050
1973 212,317 350,450
1972 209,137 346,600
1971 206,098 342,421
1970 204,438 339,171
1969 203,369 337,500
1968 201,488 335,850
1967 198,751 334,995
1966 195,570 333,895
1965 192,286 331,500
1964 188,983 327,750
1963 185,653 324,100
1962 182,378 320,750
1961 179,029 316,845
1960 175,574 313,970

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

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

Fertility rates in Iceland and Luxembourg

Fertility rate
Iceland

Luxembourg
1x
Year Fertility rate
Iceland Luxembourg
2023 1.59 1.25
2022 1.59 1.31
2021 1.82 1.38
2020 1.72 1.36
2019 1.74 1.34
2018 1.71 1.38
2017 1.71 1.39
2016 1.74 1.41
2015 1.8 1.47
2014 1.93 1.5
2013 1.93 1.55
2012 2.04 1.57
2011 2.02 1.52
2010 2.2 1.63
2009 2.23 1.59
2008 2.15 1.61
2007 2.09 1.61
2006 2.08 1.65
2005 2.05 1.63
2004 2.04 1.66
2003 1.99 1.62
2002 1.93 1.63
2001 1.95 1.66
2000 2.08 1.76
1999 1.99 1.74
1998 2.05 1.68
1997 2.04 1.71
1996 2.12 1.77
1995 2.08 1.7
1994 2.14 1.72
1993 2.22 1.7
1992 2.21 1.64
1991 2.18 1.6
1990 2.3 1.6
1989 2.19 1.52
1988 2.26 1.51
1987 2.06 1.4
1986 1.92 1.43
1985 1.93 1.38
1984 2.08 1.42
1983 2.24 1.43
1982 2.27 1.49
1981 2.33 1.55
1980 2.48 1.5
1979 2.49 1.48
1978 2.35 1.48
1977 2.31 1.5
1976 2.52 1.48
1975 2.65 1.55
1974 2.66 1.58
1973 2.94 1.58
1972 3.09 1.75
1971 2.92 1.95
1970 2.81 1.97
1969 2.99 2.02
1968 3.06 2.12
1967 3.28 2.24
1966 3.59 2.34
1965 3.73 2.42
1964 3.88 2.34
1963 3.99 -
1962 3.98 2.37
1961 3.88 -
1960 4.29 2.29

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

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

Iceland and Luxembourg demographics compared

Median age
Iceland

Luxembourg
1x
Year Median age, years
Iceland Luxembourg
2024 37.1 40.2
2023 36.9 39.9
2022 36.7 39.7
2021 36.7 39.7
2020 36.6 39.6
2019 36.5 39.5
2018 36.4 39.5
2017 36.3 39.4
2016 36.2 39.3
2015 36 39.3
2014 35.7 39.2
2013 35.5 39.1
2012 35.4 39.1
2011 35.1 39
2010 34.9 38.9
2009 34.6 38.8
2008 34.5 38.7
2007 34.6 38.5
2006 34.5 38.4
2005 34.2 38.2
2004 34 38
2003 33.7 37.8
2002 33.4 37.6
2001 33 37.3
2000 32.8 37.3
1999 32.6 37.3
1998 32.4 37.1
1997 32.1 37
1996 31.8 36.8
1995 31.5 36.7
1994 31.1 36.6
1993 30.8 36.5
1992 30.5 36.5
1991 30.2 36.4
1990 30 36.4
1989 29.6 36.3
1988 29.3 36.2
1987 29.1 36.1
1986 28.8 36
1985 28.4 35.8
1984 28 35.6
1983 27.7 35.4
1982 27.5 35.2
1981 27.2 35
1980 26.9 34.9
1979 26.7 34.8
1978 26.4 34.8
1977 26 34.8
1976 25.7 34.9
1975 25.4 35
1974 25.1 35
1973 24.9 35.1
1972 24.8 35.1
1971 24.7 35.3
1970 24.5 35.3
1969 24.3 35.3
1968 24.2 35.3
1967 24.1 35.2
1966 24.1 35.2
1965 24.2 35.2
1964 24.4 35.2
1963 24.7 35.1
1962 24.9 35.1
1961 25.2 35.1
1960 25.4 35.1

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

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

Interactive Maps

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National statistics comparison

Finance

Iceland Luxembourg
GNI, Atlas method
$31.8B
2024
$57.3B
2024
Government expenditure, % of GDP
46.5%
2024
46.9%
2024
Education expenditure, % of GDP
7.29%
2022
3.71%
2022
Military expenditure, % of GDP n/a
0.96%
2024
Armed forces personnel
0
2020
1,000
2020
Deficit/surplus, % of GDP
-3.51%
2024
+1.03%
2024
Unemployment rate
3.56%
2024
6.42%
2024
Services, % of GDP
64.9%
2024
81.2%
2024
Industry, % of GDP
20.1%
2024
9.66%
2024
Economic freedom index
75
2026
79.7
2026
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
$2.5B
2024
International tourist arrivals
488,000
2020
525,000
2020
International tourism as share of exports
11.9%
2008
2.97%
2020
Banked people share
99.9%
2024
98.8%
2017

Energy

Iceland Luxembourg
Energy use, kg of oil equivalent per capita
15,686 kg
2023
4,592 kg
2023
GDP PPP per kg equivalent of energy use
$5.2
2023
$32.8
2023
Carbon dioxide (CO2) emissions
3.29 megatons
2024
7.15 megatons
2024
CO2 emissions per capita
8.52 tons
2024
10.6 tons
2024
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
50,951 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
+2,709
2025
+5,237
2025
Urban population
94.2%
2024
94.8%
2024
Male:Female ratio
51.2:48.8
2024
50.3:49.7
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
93.6
2026
94.2
2026
Corruption Perceptions Index
77
2025
78
2025
Higher education index
79
2026
79
2026
Homicides per 100K people
1.07
2022
1.54
2022
Road traffic mortality per 100K people
2
2019
4.1
2019
Visa free countries
168
2025
172
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
$7,642
2024
$8,170
2024
Out-of-pocket health expenditure per capita
$1,137
2024
$695
2024
Life expectancy
83.3 years
2026
82.6 years
2026
Foreign aid share of health expenditure
0%
2023
1.24%
2024
Physicians per 1,000 people
4.37
2023
2.98
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
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
2026
81
2026
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%
2026
0.002%
2026
Land area per capita
100,725 sq mi
2024
1,468 sq mi
2024
Agricultural land area
6,324 sq mi
2026
514 sq mi
2026
Forest area
205.8 sq mi
2026
342 sq mi
2026
Roads length
8,014 mi
2012
1,786 mi
2019

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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