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Iceland vs Mongolia statistics compared

Updated on by Georank team

Iceland has a population of 387K (ranked 173/197), compared with 3.52M in Mongolia (ranked 132/197). Iceland's land area is 38,931 sq mi versus 601,740 sq mi for Mongolia (ranked 104th vs. 18th).

By GDP, Iceland ranks 108/197 ($33.3B) and Mongolia ranks 121/197 ($23.8B). By GDP per capita, Iceland ranks 9/197 ($86,041), while Mongolia ranks 105/197 ($6,751).

Main facts and rankings

Iceland Mongolia
Population
397129
3620317
Population rank 173/197 132/197
GDP
$33.3B
2024
$23.8B
2024
GDP rank 108/197 121/197
GDP per capita
$86,041
2024
$6,751
2024
GDP per capita rank 9/197 105/197
GDP per capita, PPP
$84,257
2024
$19,145
2024
Government debt
$19.8B
2024
$10.5B
2024
Debt-to-GDP ratio
59.4%
2024
44.1%
2024
Government debt per person
$51,148
2024
$2,974
2024
Government debt per person rank 9/185 101/185
Average annual personal income after taxes
$55,565
2026
$5,311
2026
Land area 38,931 sq mi 601,740 sq mi
Population density
10.2 ppl/mi²
2026
6 ppl/mi²
2026
Fertility rate
1.59
2023
2.7
2023
Median age
37.1 years
2024
27.8 years
2024
Life expectancy
83.3 years
2026
72.5 years
2026

Iceland and Mongolia: Comparison Charts

Iceland and Mongolia economies compared

GDP
Iceland

Mongolia
1x
Year GDP
Iceland Mongolia
2024 $33,255,181,469 $23,794,540,025
2023 $31,677,891,897 $20,325,121,394
2022 $29,166,102,877 $17,146,471,714
2021 $26,234,872,402 $15,286,441,738
2020 $22,034,665,041 $13,312,981,429
2019 $24,985,687,022 $14,206,359,018
2018 $26,677,652,544 $13,178,094,720
2017 $25,060,086,488 $11,480,847,741
2016 $21,083,713,310 $11,181,350,649
2015 $17,700,486,957 $11,619,892,591
2014 $18,052,183,515 $12,226,514,668
2013 $16,244,319,959 $12,582,122,604
2012 $14,943,757,823 $12,292,770,632
2011 $15,394,005,872 $10,409,797,378
2010 $13,922,711,577 $7,189,481,999
2009 $13,212,543,838 $4,583,850,368
2008 $18,247,921,360 $5,623,216,608
2007 $21,960,110,030 $4,234,999,704
2006 $17,671,649,843 $3,414,055,662
2005 $17,146,410,561 $2,523,471,601
2004 $13,963,943,244 $1,992,066,808
2003 $11,564,687,742 $1,595,297,356
2002 $9,416,199,700 $1,396,555,720
2001 $8,323,401,820 $1,267,997,934
2000 $9,140,168,922 $1,136,896,124
1999 $9,107,644,691 $1,057,408,589
1998 $8,637,732,542 $1,124,440,205
1997 $7,716,781,803 $1,180,934,203
1996 $7,686,566,105 $1,345,719,472
1995 $7,372,640,169 $1,452,165,005
1994 $6,612,804,056 $925,817,092
1993 $6,435,952,174 $768,401,634
1992 $7,328,497,599 $1,317,611,864
1991 $7,151,260,062 $2,379,018,326
1990 $6,694,851,159 $2,560,785,660
1989 $5,870,854,233 $3,576,966,800
1988 $6,320,093,411 $3,204,461,567
1987 $5,713,281,235 $3,020,611,600
1986 $4,129,080,094 $2,896,178,867
1985 $3,088,359,967 $2,186,505,475
1984 $2,964,568,006 $2,098,734,600
1983 $2,862,634,164 $2,725,736,633
1982 $3,318,714,326 $2,552,401,933
1981 $3,615,094,820 $2,310,099,100
1980 $3,499,616,683 $2,101,394,100
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/mongolia | CC BY

Iceland and Mongolia economies compared

GDP per capita
Iceland

Mongolia
1x
Year GDP per capita
Iceland Mongolia
2024 $86,041 $6,751
2023 $82,139 $5,839
2022 $76,350 $4,994
2021 $70,425 $4,518
2020 $60,128 $4,001
2019 $69,296 $4,348
2018 $75,634 $4,108
2017 $72,976 $3,646
2016 $62,854 $3,620
2015 $53,506 $3,839
2014 $55,140 $4,126
2013 $50,173 $4,340
2012 $46,595 $4,329
2011 $48,255 $3,736
2010 $43,776 $2,625
2009 $41,484 $1,703
2008 $57,489 $2,127
2007 $70,483 $1,628
2006 $58,172 $1,330
2005 $57,784 $995
2004 $47,810 $794
2003 $39,944 $643
2002 $32,749 $570
2001 $29,208 $524
2000 $32,504 $476
1999 $32,834 $449
1998 $31,519 $484
1997 $28,462 $515
1996 $28,584 $596
1995 $27,565 $653
1994 $24,858 $423
1993 $24,404 $355
1992 $28,072 $608
1991 $27,740 $1,099
1990 $26,272 $1,220
1989 $23,219 $1,684
1988 $25,307 $1,543
1987 $23,238 $1,493
1986 $16,980 $1,469
1985 $12,793 $1,138
1984 $12,378 $1,120
1983 $12,080 $1,490
1982 $14,191 $1,430
1981 $15,666 $1,325
1980 $15,340 $1,235
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/mongolia | CC BY

Iceland vs. Mongolia life expectancy calculator

Life expectancy
Iceland

Mongolia
1x
Year Life expectancy, years
Iceland Mongolia
2026 83.3 72.5
2025 83.2 72.2
2024 83 72
2023 82.7 71.7
2022 81.6 71.5
2021 82.8 68.6
2020 82.7 70
2019 82.8 70.7
2018 82.5 70.6
2017 82.2 70.2
2016 81.8 69.7
2015 82.2 69.2
2014 82.4 68.7
2013 81.7 68.2
2012 82.3 67.6
2011 82 67.2
2010 81.6 67.1
2009 81.4 67.2
2008 81.2 67.1
2007 81.1 66.5
2006 80.9 65.6
2005 81.2 64.8
2004 80.7 64.3
2003 80.8 64.1
2002 80.3 64
2001 80.4 63.8
2000 79.5 63.5
1999 79.2 62.8
1998 79.4 62.1
1997 78.7 61.4
1996 78.6 61
1995 77.5 60.9
1994 79 60.9
1993 78.8 60.8
1992 78.6 60.4
1991 77.8 59.8
1990 77.7 58.8
1989 77.9 58.1
1988 76.9 57.5
1987 77.1 57.1
1986 77.9 56.8
1985 77.4 56.4
1984 77.3 56.1
1983 76.4 55.9
1982 76.8 55.6
1981 76.2 55.4
1980 76.6 55.2
1979 76.5 55.1
1978 76.4 54.9
1977 76.1 54.8
1976 76.6 54.6
1975 75.3 54.3
1974 74.1 54
1973 74.3 53.6
1972 74.4 53.1
1971 73.5 52.6
1970 73.8 52
1969 73.7 51.4
1968 73.9 50.8
1967 73.7 50.1
1966 73.1 49.4
1965 73.8 48.7
1964 73.5 47.9
1963 72.9 47.1
1962 73.6 46.3
1961 73.4 45.4
1960 74 44.5
1959 72.6 43.7
1958 73.3 42.8
1957 73.4 40.4
1956 72.9 41.4
1955 73.3 40.7
1954 73.3 40.2
1953 72.3 39.8
1952 72.4 39.4
1951 71 39.1
1950 71 38.6

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

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

Iceland and Mongolia population clocks and comparison

Population
Iceland

Mongolia
1x
Year Population
Iceland Mongolia
2024 386,506 3,524,788
2023 385,663 3,481,145
2022 382,003 3,433,748
2021 372,520 3,383,741
2020 366,463 3,327,204
2019 360,563 3,267,673
2018 352,721 3,208,189
2017 343,400 3,148,917
2016 335,439 3,088,856
2015 330,815 3,026,864
2014 327,386 2,963,113
2013 323,764 2,899,011
2012 320,716 2,839,705
2011 319,014 2,786,317
2010 318,041 2,738,622
2009 318,499 2,691,115
2008 317,414 2,643,201
2007 311,566 2,601,850
2006 303,782 2,567,168
2005 296,734 2,536,407
2004 292,074 2,508,412
2003 289,521 2,480,374
2002 287,523 2,449,027
2001 284,968 2,417,751
2000 281,205 2,388,299
1999 277,381 2,356,813
1998 274,047 2,323,809
1997 271,128 2,291,750
1996 268,916 2,259,507
1995 267,468 2,224,945
1994 266,021 2,189,395
1993 263,725 2,165,130
1992 261,057 2,167,790
1991 257,797 2,165,342
1990 254,826 2,098,710
1989 252,852 2,124,185
1988 249,740 2,076,322
1987 245,859 2,022,800
1986 243,180 1,970,965
1985 241,405 1,921,514
1984 239,511 1,874,349
1983 236,977 1,829,092
1982 233,860 1,785,364
1981 230,755 1,742,857
1980 228,138 1,701,335
1979 225,735 1,660,659
1978 223,537 1,619,468
1977 221,799 1,576,245
1976 220,154 1,531,945
1975 217,979 1,488,296
1974 215,209 1,446,050
1973 212,317 1,405,502
1972 209,137 1,366,821
1971 206,098 1,330,071
1970 204,438 1,295,272
1969 203,369 1,262,284
1968 201,488 1,229,930
1967 198,751 1,196,996
1966 195,570 1,163,754
1965 192,286 1,131,177
1964 188,983 1,100,234
1963 185,653 1,071,362
1962 182,378 1,041,444
1961 179,029 1,009,284
1960 175,574 977,595

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

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

Fertility rates in Iceland and Mongolia

Fertility rate
Iceland

Mongolia
1x
Year Fertility rate
Iceland Mongolia
2023 1.59 2.7
2022 1.59 2.7
2021 1.82 2.8
2020 1.72 2.9
2019 1.74 3
2018 1.71 2.9
2017 1.71 2.8
2016 1.74 3
2015 1.8 3
2014 1.93 3.1
2013 1.93 3
2012 2.04 2.7
2011 2.02 2.6
2010 2.2 2.4
2009 2.23 2.8
2008 2.15 2.6
2007 2.09 2.3
2006 2.08 2.1
2005 2.05 2
2004 2.04 2
2003 1.99 2
2002 1.93 2.1
2001 1.95 2.2
2000 2.08 2.2
1999 1.99 2.3
1998 2.05 2.3
1997 2.04 2.4
1996 2.12 2.5
1995 2.08 2.77
1994 2.14 2.7
1993 2.22 2.5
1992 2.21 3.5
1991 2.18 4
1990 2.3 4.5
1989 2.19 4.42
1988 2.26 4.65
1987 2.06 4.83
1986 1.92 5.03
1985 1.93 5.26
1984 2.08 5.45
1983 2.24 5.63
1982 2.27 5.8
1981 2.33 5.98
1980 2.48 6.21
1979 2.49 6.42
1978 2.35 6.62
1977 2.31 6.79
1976 2.52 6.93
1975 2.65 7.07
1974 2.66 7.17
1973 2.94 7.24
1972 3.09 7.28
1971 2.92 7.3
1970 2.81 7.31
1969 2.99 7.34
1968 3.06 7.37
1967 3.28 7.39
1966 3.59 7.41
1965 3.73 7.38
1964 3.88 7.33
1963 3.99 7.24
1962 3.98 7.1
1961 3.88 6.96
1960 4.29 6.82

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

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

Iceland and Mongolia demographics compared

Median age
Iceland

Mongolia
1x
Year Median age, years
Iceland Mongolia
2024 37.1 27.8
2023 36.9 27.7
2022 36.7 27.6
2021 36.7 27.4
2020 36.6 27.3
2019 36.5 27.2
2018 36.4 27.1
2017 36.3 27
2016 36.2 26.9
2015 36 26.7
2014 35.7 26.5
2013 35.5 26.3
2012 35.4 26.1
2011 35.1 25.8
2010 34.9 25.4
2009 34.6 25.1
2008 34.5 24.8
2007 34.6 24.5
2006 34.5 24.2
2005 34.2 23.8
2004 34 23.4
2003 33.7 23
2002 33.4 22.6
2001 33 22.2
2000 32.8 21.8
1999 32.6 21.4
1998 32.4 21
1997 32.1 20.7
1996 31.8 20.4
1995 31.5 20
1994 31.1 19.8
1993 30.8 19.5
1992 30.5 19.3
1991 30.2 19.1
1990 30 19
1989 29.6 18.8
1988 29.3 18.7
1987 29.1 18.7
1986 28.8 18.6
1985 28.4 18.5
1984 28 18.4
1983 27.7 18.2
1982 27.5 18
1981 27.2 17.9
1980 26.9 17.7
1979 26.7 17.5
1978 26.4 17.4
1977 26 17.3
1976 25.7 17.2
1975 25.4 17.2
1974 25.1 17.2
1973 24.9 17.2
1972 24.8 17.3
1971 24.7 17.5
1970 24.5 17.7
1969 24.3 18
1968 24.2 18.4
1967 24.1 19
1966 24.1 19.6
1965 24.2 20.3
1964 24.4 21
1963 24.7 21.7
1962 24.9 22.2
1961 25.2 22.5
1960 25.4 22.8

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

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

Interactive Maps

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National statistics comparison

Finance

Iceland Mongolia
GNI, Atlas method
$31.8B
2024
$19B
2024
Government expenditure, % of GDP
46.5%
2024
37.5%
2024
Education expenditure, % of GDP
7.29%
2022
3.66%
2023
Military expenditure, % of GDP n/a
0.74%
2024
Armed forces personnel
0
2020
18,000
2020
Deficit/surplus, % of GDP
-3.51%
2024
+1.39%
2024
Unemployment rate
3.56%
2024
5.81%
2024
Services, % of GDP
64.9%
2024
44.3%
2024
Industry, % of GDP
20.1%
2024
38.1%
2024
Economic freedom index
75
2026
63.9
2026
Income share by richest 10%
22.4%
2019
24.6%
2022
Income share by poorest 10%
3.7%
2019
3.4%
2022
Number of billionaires
1
2025
n/a
Percentage of billionaires
0.0003%
2025
n/a
Listed domestic companies
34
2004
n/a
Total reserves including gold
$6.4B
2024
$5.51B
2024
Personal remittances received
$246M
2024
$528M
2024
International tourist arrivals
488,000
2020
66,900
2020
International tourism as share of exports
11.9%
2008
0.64%
2020
Banked people share
99.9%
2024
98.3%
2024

Energy

Iceland Mongolia
Energy use, kg of oil equivalent per capita
15,686 kg
2023
1,891 kg
2022
GDP PPP per kg equivalent of energy use
$5.2
2023
$8.68
2022
Carbon dioxide (CO2) emissions
3.29 megatons
2024
27.7 megatons
2024
CO2 emissions per capita
8.52 tons
2024
7.85 tons
2024
Fossil fuel energy use share
10.3%
2023
94.7%
2022
Renewable energy use share
82.4%
2021
3%
2021
Alternative and nuclear energy use share
88.8%
2023
1.01%
2022
Net energy imports use share
20.5%
2009
-226.4%
2022
Electric power consumption per capita
50,951 kWh
2023
2,546 kWh
2022
Renewable electricity output share
100%
2016
10.9%
2021
Hydroelectric share
70.3%
2023
0.81%
2022
Nuclear share
0%
2021
0%
2021
Electricity access
100%
2023
100%
2023

Society

Iceland Mongolia
% of world population
0.005%
2024
0.04%
2024
Annual migration change
+2,709
2025
+79
2025
Urban population
94.2%
2024
71%
2024
Male:Female ratio
51.2:48.8
2024
49.9:50.1
2024
Average male height
5.97 ft
2025
5.6 ft
2025
Average female height
5.54 ft
2025
5.25 ft
2025
Quality of life index
93.6
2026
49
2026
Corruption Perceptions Index
77
2025
31
2025
Higher education index
79
2026
38
2026
Homicides per 100K people
1.07
2022
5.59
2024
Road traffic mortality per 100K people
2
2019
21
2019
Visa free countries
168
2025
77
2025
Adult literacy rate
99%
2003
98.6%
2023
English speaking
98%
2023
1%
2025
People using the Internet
99.8%
2023
83%
2023

Health

Iceland Mongolia
Government health expenditure per capita
$7,642
2024
$360
2023
Out-of-pocket health expenditure per capita
$1,137
2024
$175.5
2023
Life expectancy
83.3 years
2026
72.5 years
2026
Foreign aid share of health expenditure
0%
2023
3.8%
2023
Physicians per 1,000 people
4.37
2023
4.13
2022
Age at first childbirth
28.8 years
2023
20.5 years
2025
Maternal mortality per 100K births
3
2023
41
2023
Mortality rate before reaching 5 years of age
2.6
2023
13.6
2023
Obesity rate
21.8%
2022
24.8%
2022
Diabetes prevalence
6.9%
2024
10.3%
2024
Air quality index
98
2026
24
2026
Tobacco use prevalence
9.4%
2022
29.5%
2022
Pure alcohol consumption per capita
7.94 liters
2020
7.68 liters
2020

Territory

Iceland Mongolia
% of world land
0.07%
2026
1.05%
2026
Land area per capita
100,725 sq mi
2024
170,717 sq mi
2024
Agricultural land area
6,324 sq mi
2026
414,933 sq mi
2026
Forest area
205.8 sq mi
2026
54,709 sq mi
2026
Roads length
8,014 mi
2012
70,339 mi
2017

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

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