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Iceland vs Monaco statistics compared

Updated on by Georank team

Iceland has a population of 405K (ranked 172/197), compared with 38.6K in Monaco (ranked 191/197). Iceland's land area is 38,931 sq mi versus 0.8 sq mi for Monaco (ranked 104th vs. 196th).

By GDP, Iceland ranks 108/197 ($33.5B) and Monaco ranks 153/197 ($10B). By GDP per capita, Iceland ranks 10/197 ($82,704), while Monaco ranks 1/197 ($256,581).

Main facts and rankings

Iceland Monaco
Population
412970
38341
Population rank 172/197 191/197
GDP
$33.5B
2024
$10B
2023
GDP rank 108/197 153/197
GDP per capita
$82,704
2024
$256,581
2023
GDP per capita rank 10/197 1/197
GDP per capita, PPP
$78,259
2024
$115,700
2015
Government debt
$19.8B
2024
n/a
Debt-to-GDP ratio
52.9%
2025
n/a
Government debt per person
$48,859
2024
n/a
Government debt per person rank 9/185 n/a
Average annual personal income after taxes
$54,155
2025
$97,128
2025
Land area
38,931 sq mi
2025
0.8 sq mi
2025
Population density
10.4 ppl/mi²
2024
48,010 ppl/mi²
2024
Fertility rate
1.59
2023
2.11
2023
Median age
37.1 years
2024
55 years
2024
Life expectancy
83.2 years
2025
86.6 years
2025

Iceland and Monaco: Comparison Charts

Iceland and Monaco economies compared

GDP
Iceland

Monaco
Year GDP
Iceland Monaco
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 $293,127,333
1971 $670,251,136 $327,706,210
1972 $839,652,164 $402,451,901
1973 $1,154,440,253 $523,554,039
1974 $1,515,190,595 $563,949,254
1975 $1,406,875,081 $711,978,962
1976 $1,669,488,390 $735,324,245
1977 $2,208,509,076 $811,191,392
1978 $2,511,826,196 $1,000,555,218
1979 $2,853,435,054 $1,209,870,147
1980 $3,381,419,251 $1,378,175,524
1981 $3,492,997,010 $1,205,188,648
1982 $3,206,626,645 $1,143,216,457
1983 $2,765,950,336 $1,092,560,365
1984 $2,864,441,387 $1,037,329,604
1985 $2,984,052,357 $1,082,867,507
1986 $3,989,622,739 $1,515,234,743
1987 $5,520,318,405 $1,839,081,463
1988 $6,106,635,816 $2,000,704,745
1989 $5,672,569,449 $2,010,083,833
1990 $6,468,736,356 $2,481,307,077
1991 $6,909,730,288 $2,480,540,845
1992 $7,080,981,738 $2,737,049,231
1993 $6,218,581,532 $2,574,494,356
1994 $6,389,460,343 $2,720,332,135
1995 $7,123,633,418 $3,130,309,995
1996 $7,426,082,271 $3,137,886,995
1997 $7,569,672,925 $2,840,195,190
1998 $8,503,746,468 $2,934,593,468
1999 $8,982,047,589 $2,907,118,641
2000 $9,025,660,362 $2,654,462,665
2001 $8,234,846,805 $2,673,723,034
2002 $9,318,395,055 $2,919,647,982
2003 $11,429,333,038 $3,597,089,751
2004 $13,825,302,536 $4,043,551,489
2005 $16,852,963,067 $4,204,652,899
2006 $17,465,318,552 $4,586,826,513
2007 $21,652,505,597 $5,875,790,766
2008 $18,074,622,987 $6,502,942,245
2009 $13,154,414,219 $5,474,379,252
2010 $13,751,161,918 $5,367,561,570
2011 $15,221,622,926 $6,088,689,808
2012 $14,751,508,134 $5,742,749,294
2013 $16,125,060,515 $6,555,591,710
2014 $17,867,662,178 $7,070,017,324
2015 $17,517,210,519 $6,264,756,528
2016 $20,793,168,031 $6,471,290,794
2017 $24,728,285,177 $6,430,254,653
2018 $26,260,850,582 $7,184,333,936
2019 $24,681,343,649 $7,383,496,254
2020 $21,629,953,194 $6,730,736,283
2021 $25,770,339,317 $8,623,242,743
2022 $28,696,453,180 $8,800,430,486
2023 $31,452,223,862 $9,995,350,547
2024 $33,462,807,983 -

Iceland and Monaco economies compared

GDP per capita
Iceland

Monaco
Year GDP per capita
Iceland Monaco
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 $12,098
1971 $3,252 $13,334
1972 $4,015 $16,187
1973 $5,437 $20,882
1974 $7,041 $22,348
1975 $6,454 $27,921
1976 $7,583 $28,396
1977 $9,957 $30,875
1978 $11,237 $37,608
1979 $12,641 $44,990
1980 $14,822 $50,814
1981 $15,137 $44,157
1982 $13,712 $41,479
1983 $11,672 $39,076
1984 $11,960 $36,582
1985 $12,361 $37,690
1986 $16,406 $52,082
1987 $22,453 $62,456
1988 $24,452 $67,181
1989 $22,434 $66,816
1990 $25,385 $81,735
1991 $26,803 $80,997
1992 $27,124 $88,615
1993 $23,580 $82,685
1994 $24,019 $86,704
1995 $26,634 $99,032
1996 $27,615 $98,561
1997 $27,919 $88,582
1998 $31,030 $90,947
1999 $32,382 $89,698
2000 $32,096 $81,789
2001 $28,897 $82,403
2002 $32,409 $90,051
2003 $39,477 $111,110
2004 $47,335 $125,160
2005 $56,795 $130,539
2006 $57,493 $143,083
2007 $69,496 $184,559
2008 $56,943 $204,264
2009 $41,301 $169,150
2010 $43,237 $161,854
2011 $47,715 $179,364
2012 $45,996 $165,445
2013 $49,805 $184,941
2014 $54,577 $195,694
2015 $52,952 $170,437
2016 $61,988 $173,605
2017 $72,010 $170,663
2018 $74,452 $188,298
2019 $68,452 $193,747
2020 $59,024 $176,892
2021 $69,178 $223,823
2022 $75,121 $226,052
2023 $79,960 $256,581
2024 $82,704 -

Iceland vs. Monaco life expectancy calculator

Life expectancy
Iceland

Monaco
Year Life expectancy, years
Iceland Monaco
1950 71 68
1951 71 68.4
1952 72.4 68.9
1953 72.3 69.6
1954 73.3 70
1955 73.3 70.4
1956 72.9 70.7
1957 73.4 70.9
1958 73.3 71.1
1959 72.6 71.4
1960 74 71.9
1961 73.4 72.2
1962 73.6 72.4
1963 72.9 72.5
1964 73.5 72.7
1965 73.8 72.9
1966 73.1 73
1967 73.7 73.1
1968 73.9 73.2
1969 73.7 73.2
1970 73.8 73.3
1971 73.5 73.4
1972 74.4 73.4
1973 74.3 73.4
1974 74.1 73.4
1975 75.3 73.5
1976 76.6 73.8
1977 76.1 74.2
1978 76.4 74.7
1979 76.5 74.9
1980 76.6 74.9
1981 76.2 75
1982 76.8 75.3
1983 76.4 75.7
1984 77.3 76.4
1985 77.4 77.4
1986 77.9 78.4
1987 77.1 79.3
1988 76.9 79.4
1989 77.9 79.4
1990 77.7 79.4
1991 77.8 79.7
1992 78.6 80.1
1993 78.8 80.4
1994 79 80.7
1995 77.5 80.9
1996 78.6 81.1
1997 78.7 81.4
1998 79.4 81.6
1999 79.2 81.8
2000 79.5 82.1
2001 80.4 82.5
2002 80.3 83.1
2003 80.8 83.6
2004 80.7 84.2
2005 81.2 84.3
2006 80.9 84.2
2007 81.1 83.9
2008 81.2 83.8
2009 81.4 84.2
2010 81.6 84.6
2011 82 85
2012 82.3 85
2013 81.7 85.1
2014 82.4 85.1
2015 82.2 85.3
2016 81.8 85.6
2017 82.2 85.9
2018 82.5 86.1
2019 82.8 86.2
2020 82.7 86.1
2021 82.8 85.1
2022 81.6 85.7
2023 82.7 86.4
2024 83 86.5
2025 83.2 86.6

Iceland and Monaco population clocks and comparison

Population
Iceland

Monaco
Year Population
Iceland Monaco
1960 175,574 21,808
1961 179,029 21,901
1962 182,378 22,078
1963 185,653 22,385
1964 188,983 22,686
1965 192,286 22,941
1966 195,570 23,131
1967 198,751 23,230
1968 201,488 23,437
1969 203,369 23,831
1970 204,438 24,229
1971 206,098 24,576
1972 209,137 24,862
1973 212,317 25,072
1974 215,209 25,235
1975 217,979 25,500
1976 220,154 25,895
1977 221,799 26,273
1978 223,537 26,605
1979 225,735 26,892
1980 228,138 27,122
1981 230,755 27,293
1982 233,860 27,561
1983 236,977 27,960
1984 239,511 28,356
1985 241,405 28,731
1986 243,180 29,093
1987 245,859 29,446
1988 249,740 29,781
1989 252,852 30,084
1990 254,826 30,358
1991 257,797 30,625
1992 261,057 30,887
1993 263,725 31,136
1994 266,021 31,375
1995 267,468 31,609
1996 268,916 31,837
1997 271,128 32,063
1998 274,047 32,267
1999 277,381 32,410
2000 281,205 32,455
2001 284,968 32,447
2002 287,523 32,422
2003 289,521 32,374
2004 292,074 32,307
2005 296,734 32,210
2006 303,782 32,057
2007 311,566 31,837
2008 317,414 31,836
2009 318,499 32,364
2010 318,041 33,163
2011 319,014 33,946
2012 320,716 34,711
2013 323,764 35,447
2014 327,386 36,128
2015 330,815 36,757
2016 335,439 37,276
2017 343,400 37,678
2018 352,721 38,154
2019 360,563 38,109
2020 366,463 38,050
2021 372,520 38,527
2022 382,003 38,931
2023 393,349 38,956
2024 404,610 38,631

Fertility rates in Iceland and Monaco

Fertility rate
Iceland

Monaco
Year Fertility rate
Iceland Monaco
1960 4.29 2.81
1961 3.88 2.78
1962 3.98 2.76
1963 3.99 2.73
1964 3.88 2.69
1965 3.73 2.66
1966 3.59 2.63
1967 3.28 2.59
1968 3.06 2.57
1969 2.99 2.54
1970 2.81 2.5
1971 2.92 2.47
1972 3.09 2.44
1973 2.94 2.41
1974 2.66 2.38
1975 2.65 2.35
1976 2.52 2.33
1977 2.31 2.31
1978 2.35 2.28
1979 2.49 2.26
1980 2.48 2.24
1981 2.33 2.22
1982 2.27 2.2
1983 2.24 2.18
1984 2.08 2.17
1985 1.93 2.14
1986 1.92 2.11
1987 2.06 2.06
1988 2.26 2.01
1989 2.19 1.93
1990 2.3 1.85
1991 2.18 1.79
1992 2.21 1.76
1993 2.22 1.75
1994 2.14 1.76
1995 2.08 1.78
1996 2.12 1.82
1997 2.04 1.88
1998 2.05 1.95
1999 1.99 2.01
2000 2.08 2.08
2001 1.95 2.18
2002 1.93 2.01
2003 1.99 1.91
2004 2.04 1.99
2005 2.05 2.01
2006 2.08 2.1
2007 2.09 2.21
2008 2.15 2.38
2009 2.23 2.4
2010 2.2 2.38
2011 2.02 2.22
2012 2.04 2.29
2013 1.93 2.31
2014 1.93 2.49
2015 1.8 2.5
2016 1.74 2.58
2017 1.71 2.42
2018 1.71 2.49
2019 1.74 2.4
2020 1.72 2.38
2021 1.82 2.12
2022 1.59 2.11
2023 1.59 2.11

Iceland and Monaco demographics compared

Median age
Iceland

Monaco
Year Median age, years
Iceland Monaco
1960 25.4 45.4
1961 25.2 45.4
1962 24.9 45.3
1963 24.7 45
1964 24.4 44.8
1965 24.2 44.8
1966 24.1 45
1967 24.1 45.2
1968 24.2 45.3
1969 24.3 45
1970 24.5 44.8
1971 24.7 44.7
1972 24.8 44.7
1973 24.9 44.9
1974 25.1 45.1
1975 25.4 45
1976 25.7 44.6
1977 26 44.2
1978 26.4 44
1979 26.7 44
1980 26.9 44.1
1981 27.2 44.2
1982 27.5 44.1
1983 27.7 43.8
1984 28 43.5
1985 28.4 43.4
1986 28.8 43.4
1987 29.1 43.5
1988 29.3 43.7
1989 29.6 43.9
1990 30 44.2
1991 30.2 44.3
1992 30.5 44.3
1993 30.8 44.4
1994 31.1 44.5
1995 31.5 44.7
1996 31.8 44.8
1997 32.1 44.9
1998 32.4 45
1999 32.6 45.3
2000 32.8 45.6
2001 33 45.8
2002 33.4 45.9
2003 33.7 46
2004 34 46.2
2005 34.2 46.5
2006 34.5 46.8
2007 34.6 47.1
2008 34.5 47.6
2009 34.6 48.3
2010 34.9 49.2
2011 35.1 50.1
2012 35.4 51.1
2013 35.5 52
2014 35.7 52.8
2015 36 53.7
2016 36.2 54.4
2017 36.3 55
2018 36.4 55.5
2019 36.5 55.6
2020 36.6 55.7
2021 36.7 56.2
2022 36.7 56
2023 36.9 55.3
2024 37.1 55

Interactive Maps

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

GDP per capita

GDP

Life expectancy

Population

Population density

Fertility rate

Median age

Land area

National statistics comparison

Finance

Iceland Monaco
GNI, Atlas method
$31.8B
2024
n/a
Government expenditure, % of GDP
44.5%
2025
20%
2025
Education expenditure, % of GDP
7.29%
2022
1.73%
2023
Armed forces personnel
0
2020
n/a
Deficit/surplus, % of GDP
-1.64%
2025
n/a
Unemployment rate
3.56%
2024
6.33%
2016
Services, % of GDP
65.5%
2024
88.5%
2023
Industry, % of GDP
19.4%
2024
11.5%
2023
Economic freedom index
72.8
2025
83
2025
Income share by richest 10%
22.4%
2019
n/a
Income share by poorest 10%
3.7%
2019
n/a
Number of billionaires
1
2025
2
2025
Percentage of billionaires
0.0003%
2025
0.006%
2025
Listed domestic companies
34
2004
n/a
Total reserves including gold
$6.4B
2024
n/a
Personal remittances received
$246M
2024
n/a
International tourist arrivals
488,000
2020
159,000
2020
International tourism as share of exports
11.9%
2008
n/a
Banked people share
99.9%
2024
n/a

Energy

Iceland Monaco
Energy use, kg of oil equivalent per capita
15,379 kg
2023
n/a
GDP PPP per kg equivalent of energy use
$4.99
2023
n/a
Carbon dioxide (CO2) emissions
3.09 megatons
2023
n/a
CO2 emissions per capita
7.85 tons
2023
n/a
Fossil fuel energy use share
10.3%
2023
n/a
Renewable energy use share
82.4%
2021
n/a
Alternative and nuclear energy use share
88.8%
2023
n/a
Net energy imports use share
20.5%
2009
n/a
Electric power consumption per capita
49,956 kWh
2023
n/a
Renewable electricity output share
100%
2016
n/a
Hydroelectric share
70.3%
2023
n/a
Nuclear share
0%
2021
n/a
Electricity access
100%
2023
100%
2023

Society

Iceland Monaco
% of world population
0.005%
2024
0.0005%
2024
Annual migration change
+3,543
2024
+110
2024
Urban population
94.1%
2024
100%
2024
Male:Female ratio
50:50
2024
50:50
2024
Average male height
5.97 ft
2025
n/a
Average female height
5.54 ft
2025
n/a
Quality of life index
92.4
2025
85.9
2025
Corruption Perceptions Index
77
2024
82
2025
Higher education index
79
2025
38
2025
Homicides per 100K people
1.07
2022
0
2008
Road traffic mortality per 100K people
2
2019
0
2013
Visa free countries
171
2025
167
2025
Adult literacy rate
99%
2003
99%
2003
English speaking
98%
2023
40%
2025
People using the Internet
99.8%
2023
99.1%
2023

Health

Iceland Monaco
Government health expenditure per capita
$7,197
2023
$7,656
2022
Out-of-pocket health expenditure per capita
$1,035
2023
$579
2022
Life expectancy
83.2 years
2025
86.6 years
2025
Foreign aid share of health expenditure
0%
2022
n/a
Physicians per 1,000 people
4.52
2022
8.89
2020
Age at first childbirth
28.8 years
2023
32.5 years
2021
Maternal mortality per 100K births
3
2023
5
2023
Mortality rate before reaching 5 years of age, per 1,000 live births
2.6
2023
2.7
2023
Obesity rate
21.8%
2022
n/a
Diabetes prevalence
6.9%
2024
6.9%
2024
Air quality index
98
2025
72
2025
Tobacco use prevalence
9.4%
2022
n/a
Pure alcohol consumption per capita
7.94 liters
2020
n/a

Territory

Iceland Monaco
% of world land
0.07%
2025
0.000001%
2025
Land area per capita
96,218 sq mi
2024
20.8 sq mi
2024
Agricultural land area
6,324 sq mi
2025
n/a
Forest area
205.8 sq mi
2025
0 sq mi
2025
Roads length
8,014 mi
2012
47.8 mi
2019

In-depth comparisons

Facts comparisons

Facts vs Iceland vs Monaco
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