Iceland in figures
Back to IcelandIceland's government debt peaked at 136.6% of GDP in 2011 and had fallen to 56.1% by 2025, and the IMF projected 43.0% for 2031. Output shrank 8.3% in 2009, its worst year since 2000. The population reached 392,404 in 2025, having grown in every year of the series except 2010.
GDP
$38.6 bn
2025
from $9.1 bn in 2000
GDP per person
$98 323
2025
from $32 504 in 2000
Real growth
1.3%
2025
from 4.9% in 2000
Inflation
4.1%
2025
from 5.1% in 2000
Unemployment
3.6%
2025
from 1.9% in 2000
Government debt
56.1%of GDP
2025
from 74.8% in 2000
Sections
Economy
How large Iceland's economy is, how fast it grows and what it is made of
Output grew 8.7% in 2007 and then fell 8.3% in 2009, the sharpest drop in the series, and 2.2% more in 2010. A second fall, of 6.7% in 2020, was followed by 8.9% growth in 2022, the fastest year. In current dollars GDP went from $22.0 billion in 2007 to $13.2 billion in 2009. It reached $38.6 billion in 2025, or $98,323 per person at market exchange rates. Agriculture, forestry and fishing made up 7.4% of GDP in 2002 and 3.6% in 2025. Services grew. Their share rose from 57.3% of GDP in 2000 to 66.2% in 2025, while manufacturing slipped from 11.4% in 2000 to 8.5% in 2025 and industry with construction from 22.6% to 20.1%.
$38.6 bn2025
Data
| Year | GDP, current US dollars |
|---|---|
| 2025 | $38.6 bn |
| 2024 | $33.2 bn |
| 2023 | $31.7 bn |
| 2022 | $29.2 bn |
| 2021 | $26.2 bn |
| 2020 | $22.0 bn |
| 2019 | $25.0 bn |
| 2018 | $26.7 bn |
| 2017 | $25.1 bn |
| 2016 | $21.1 bn |
| 2015 | $17.7 bn |
| 2014 | $18.1 bn |
| 2013 | $16.2 bn |
| 2012 | $14.9 bn |
| 2011 | $15.4 bn |
| 2010 | $13.9 bn |
| 2009 | $13.2 bn |
| 2008 | $18.2 bn |
| 2007 | $22.0 bn |
| 2006 | $17.7 bn |
| 2005 | $17.1 bn |
| 2004 | $14.0 bn |
| 2003 | $11.6 bn |
| 2002 | $9.4 bn |
| 2001 | $8.3 bn |
| 2000 | $9.1 bn |
Series World Bank NY.GDP.MKTP.CD
1.3%2025
Data
| Year | Growth |
|---|---|
| 2031 (projection) | 2.4% |
| 2030 (projection) | 2.4% |
| 2029 (projection) | 2.4% |
| 2028 (projection) | 2.4% |
| 2027 (projection) | 2.1% |
| 2026 (projection) | 1.9% |
| 2025 | 1.3% |
| 2024 | −1.3% |
| 2023 | 5.0% |
| 2022 | 8.9% |
| 2021 | 5.2% |
| 2020 | −6.7% |
| 2019 | 1.1% |
| 2018 | 4.7% |
| 2017 | 3.5% |
| 2016 | 6.2% |
| 2015 | 3.8% |
| 2014 | 1.9% |
| 2013 | 3.6% |
| 2012 | 1.2% |
| 2011 | 1.4% |
| 2010 | −2.2% |
| 2009 | −8.3% |
| 2008 | 1.7% |
| 2007 | 8.7% |
| 2006 | 5.7% |
| 2005 | 7.0% |
| 2004 | 7.6% |
| 2003 | 2.3% |
| 2002 | 0.5% |
| 2001 | 3.8% |
| 2000 | 4.9% |
Series World Bank NY.GDP.MKTP.KD.ZG · IMF World Economic Outlook NGDP_RPCH
$98 3232025
At market exchange ratesAt purchasing power parity
Data
| Year | GDP per person | At purchasing power |
|---|---|---|
| 2025 | $98 323 | $83 431 |
| 2024 | $85 863 | $83 561 |
| 2023 | $82 201 | $82 257 |
| 2022 | $76 377 | $76 592 |
| 2021 | $70 425 | $62 721 |
| 2020 | $60 128 | $56 841 |
| 2019 | $69 296 | $61 270 |
| 2018 | $75 634 | $58 106 |
| 2017 | $72 976 | $56 385 |
| 2016 | $62 854 | $54 228 |
| 2015 | $53 506 | $49 716 |
| 2014 | $55 140 | $46 472 |
| 2013 | $50 173 | $44 738 |
| 2012 | $46 595 | $42 552 |
| 2011 | $48 255 | $41 400 |
| 2010 | $43 776 | $40 260 |
| 2009 | $41 484 | $42 070 |
| 2008 | $57 489 | $44 147 |
| 2007 | $70 483 | $42 060 |
| 2006 | $58 172 | $40 161 |
| 2005 | $57 784 | $37 973 |
| 2004 | $47 810 | $35 970 |
| 2003 | $39 944 | $33 084 |
| 2002 | $32 749 | $32 949 |
| 2001 | $29 208 | $32 225 |
| 2000 | $32 504 | $30 167 |
Series World Bank NY.GDP.PCAP.CD · World Bank NY.GDP.PCAP.PP.CD
Manufacturing has its own band and is left out of other industry. The remainder is taxes on products less subsidies, which the national accounts add to reach GDP.
- Services
- Manufacturing
- Other industry and construction
- Agriculture, forestry, fishing
- Taxes less subsidies
Prices and work
What prices and jobs did
Inflation reached 12.7% in 2008 and 12.0% in 2009, its two highest readings, and eased to 1.6% by 2015. It climbed again to 8.7% in 2023 and was 4.1% in 2025; the IMF projected 4.8% for 2026. Unemployment went from 3.0% in 2008 to 7.6% in 2010 and was 3.6% in 2025. Labour force participation stayed between 73.4%, in 2021, and 77.9%, in 2000.
4.1%2025
Data
| Year | Inflation |
|---|---|
| 2031 (projection) | 2.5% |
| 2030 (projection) | 2.5% |
| 2029 (projection) | 2.5% |
| 2028 (projection) | 2.5% |
| 2027 (projection) | 2.8% |
| 2026 (projection) | 4.8% |
| 2025 | 4.1% |
| 2024 | 5.9% |
| 2023 | 8.7% |
| 2022 | 8.3% |
| 2021 | 4.4% |
| 2020 | 2.9% |
| 2019 | 3.0% |
| 2018 | 2.7% |
| 2017 | 1.8% |
| 2016 | 1.7% |
| 2015 | 1.6% |
| 2014 | 2.0% |
| 2013 | 3.9% |
| 2012 | 5.2% |
| 2011 | 4.0% |
| 2010 | 5.4% |
| 2009 | 12.0% |
| 2008 | 12.7% |
| 2007 | 5.0% |
| 2006 | 6.7% |
| 2005 | 4.0% |
| 2004 | 3.2% |
| 2003 | 2.1% |
| 2002 | 5.2% |
| 2001 | 6.4% |
| 2000 | 5.1% |
Series World Bank FP.CPI.TOTL.ZG · IMF World Economic Outlook PCPIPCH
3.6%2025
All agesAges 15 to 24
Data
| Year | Unemployment | Ages 15 to 24 |
|---|---|---|
| 2025 | 3.6% | 8.7% |
| 2024 | 3.6% | 8.8% |
| 2023 | 3.5% | 8.5% |
| 2022 | 3.8% | 8.4% |
| 2021 | 6.0% | 11.8% |
| 2020 | 5.5% | 9.9% |
| 2019 | 3.5% | 8.4% |
| 2018 | 2.7% | 5.9% |
| 2017 | 2.7% | 7.5% |
| 2016 | 3.0% | 6.3% |
| 2015 | 4.0% | 8.6% |
| 2014 | 4.9% | 9.6% |
| 2013 | 5.4% | 10.4% |
| 2012 | 6.0% | 13.2% |
| 2011 | 7.0% | 14.2% |
| 2010 | 7.6% | 15.9% |
| 2009 | 7.2% | 15.5% |
| 2008 | 3.0% | 7.9% |
| 2007 | 2.3% | 6.7% |
| 2006 | 2.8% | 7.9% |
| 2005 | 2.5% | 7.0% |
| 2004 | 4.0% | 11.5% |
| 2003 | 4.0% | 11.8% |
| 2002 | 3.0% | 6.2% |
| 2001 | 1.9% | 4.9% |
| 2000 | 1.9% | 4.3% |
Series World Bank SL.UEM.TOTL.ZS · World Bank SL.UEM.1524.ZS
Trade
How open the economy is
The current account showed a deficit of 22.9% of GDP in 2008 and a surplus of 9.1% in 2016. In 2025 the deficit was 3.5%. Exports rose from 32.4% of GDP in 2007 to 54.2% in 2012, then fell to 34.1% in 2020 and recovered to 40.1% in 2025, while net inflows of foreign direct investment swung between 31.3% of GDP in 2007 and −27.9% in 2017.
40.1%2025
ExportsImports
Data
| Year | Exports of goods and services | Imports |
|---|---|---|
| 2025 | 40.1% | 42.4% |
| 2024 | 42.5% | 43.7% |
| 2023 | 44.0% | 43.3% |
| 2022 | 46.7% | 46.3% |
| 2021 | 37.4% | 38.9% |
| 2020 | 34.1% | 34.5% |
| 2019 | 44.7% | 39.1% |
| 2018 | 46.5% | 42.5% |
| 2017 | 45.7% | 40.7% |
| 2016 | 47.5% | 40.3% |
| 2015 | 51.3% | 43.5% |
| 2014 | 50.9% | 44.4% |
| 2013 | 52.8% | 44.9% |
| 2012 | 54.2% | 48.3% |
| 2011 | 54.0% | 46.2% |
| 2010 | 51.1% | 41.3% |
| 2009 | 48.5% | 40.5% |
| 2008 | 39.9% | 42.0% |
| 2007 | 32.4% | 41.2% |
| 2006 | 30.1% | 46.6% |
| 2005 | 29.8% | 41.4% |
| 2004 | 32.1% | 37.6% |
| 2003 | 32.2% | 35.2% |
| 2002 | 35.1% | 33.6% |
| 2001 | 36.5% | 37.4% |
| 2000 | 31.7% | 38.5% |
Series World Bank NE.EXP.GNFS.ZS · World Bank NE.IMP.GNFS.ZS
−3.5%2025
Data
| Year | Current account balance |
|---|---|
| 2025 | −3.5% |
| 2024 | −3.2% |
| 2023 | −1.2% |
| 2022 | −1.9% |
| 2021 | −2.6% |
| 2020 | 1.9% |
| 2019 | 7.4% |
| 2018 | 4.4% |
| 2017 | 4.9% |
| 2016 | 9.1% |
| 2015 | 6.3% |
| 2014 | 5.0% |
| 2013 | 6.8% |
| 2012 | −2.9% |
| 2011 | −4.5% |
| 2010 | −5.9% |
| 2009 | −8.9% |
| 2008 | −22.9% |
| 2007 | −13.6% |
| 2006 | −22.7% |
| 2005 | −15.6% |
| 2004 | −10.0% |
| 2003 | −4.8% |
| 2002 | 1.4% |
| 2001 | −4.5% |
| 2000 | −9.9% |
Series World Bank BN.CAB.XOKA.GD.ZS
−0.5%2025
Data
| Year | Foreign direct investment, net inflows |
|---|---|
| 2025 | −0.5% |
| 2024 | 8.5% |
| 2023 | 6.0% |
| 2022 | 4.7% |
| 2021 | 1.5% |
| 2020 | −4.0% |
| 2019 | −2.2% |
| 2018 | −2.3% |
| 2017 | −27.9% |
| 2016 | −5.1% |
| 2015 | 6.5% |
| 2014 | 4.3% |
| 2013 | 2.9% |
| 2012 | 6.8% |
| 2011 | 7.2% |
| 2010 | 1.9% |
| 2009 | 0.5% |
| 2008 | 6.6% |
| 2007 | 31.3% |
| 2006 | 21.9% |
| 2005 | 18.0% |
| 2004 | 5.4% |
| 2003 | 2.9% |
| 2002 | 1.0% |
| 2001 | 2.0% |
| 2000 | 1.7% |
Series World Bank BX.KLT.DINV.WD.GD.ZS
Public finances
What the state owes and borrows
Debt jumped from 67.4% of GDP in 2007 to 109.3% in 2008 and peaked at 136.6% in 2011. From there it fell every year to 62.3% in 2018, and after a rise to 76.1% in 2020 it came down again to 56.1% in 2025, with the IMF projecting a further decline in each year to 43.0% in 2031. The budget ran a deficit of 12.0% of GDP in 2008. In 2016 it showed a surplus of 12.7%. Taxes raised 23.2% of GDP in 2023.
56.1%2025
Data
| Year | General government gross debt |
|---|---|
| 2031 (projection) | 43.0% |
| 2030 (projection) | 45.4% |
| 2029 (projection) | 47.8% |
| 2028 (projection) | 49.9% |
| 2027 (projection) | 51.7% |
| 2026 (projection) | 53.6% |
| 2025 | 56.1% |
| 2024 | 60.4% |
| 2023 | 61.5% |
| 2022 | 66.4% |
| 2021 | 73.6% |
| 2020 | 76.1% |
| 2019 | 65.7% |
| 2018 | 62.3% |
| 2017 | 70.8% |
| 2016 | 81.3% |
| 2015 | 96.3% |
| 2014 | 114.1% |
| 2013 | 121.1% |
| 2012 | 132.2% |
| 2011 | 136.6% |
| 2010 | 131.5% |
| 2009 | 128.2% |
| 2008 | 109.3% |
| 2007 | 67.4% |
| 2006 | 69.8% |
| 2005 | 67.8% |
| 2004 | 80.1% |
| 2003 | 84.1% |
| 2002 | 81.3% |
| 2001 | 82.5% |
| 2000 | 74.8% |
Series IMF World Economic Outlook GGXWDG_NGDP
−2.8%2025
Below zero the government borrowed.
Data
| Year | General government net lending or borrowing |
|---|---|
| 2031 (projection) | 0.0% |
| 2030 (projection) | −0.1% |
| 2029 (projection) | −0.1% |
| 2028 (projection) | −0.2% |
| 2027 (projection) | −0.5% |
| 2026 (projection) | −1.1% |
| 2025 | −2.8% |
| 2024 | −3.7% |
| 2023 | −2.3% |
| 2022 | −3.8% |
| 2021 | −8.0% |
| 2020 | −8.8% |
| 2019 | −1.4% |
| 2018 | 1.0% |
| 2017 | 1.3% |
| 2016 | 12.7% |
| 2015 | −0.1% |
| 2014 | 0.6% |
| 2013 | −0.9% |
| 2012 | −2.6% |
| 2011 | −6.4% |
| 2010 | −6.6% |
| 2009 | −8.5% |
| 2008 | −12.0% |
| 2007 | 5.6% |
| 2006 | 6.4% |
| 2005 | 5.0% |
| 2004 | 0.3% |
| 2003 | −2.3% |
| 2002 | −2.2% |
| 2001 | −0.3% |
| 2000 | 1.4% |
Series IMF World Economic Outlook GGXCNL_NGDP
23.2%2023
Data
| Year | Tax revenue |
|---|---|
| 2023 | 23.2% |
| 2022 | 22.2% |
| 2021 | 21.1% |
| 2020 | 22.0% |
| 2019 | 21.7% |
| 2018 | 22.6% |
| 2017 | 23.6% |
| 2016 | 37.1% |
| 2015 | 22.4% |
| 2014 | 24.2% |
| 2013 | 21.5% |
| 2012 | 21.2% |
| 2011 | 20.4% |
| 2010 | 20.0% |
| 2009 | 19.9% |
| 2008 | 22.6% |
| 2007 | 25.6% |
| 2006 | 26.6% |
| 2005 | 26.8% |
| 2004 | 24.5% |
| 2003 | 23.4% |
| 2002 | 22.4% |
| 2001 | 22.5% |
| 2000 | 24.8% |
Series World Bank GC.TAX.TOTL.GD.ZS
People
Who lives in Iceland
Iceland had 281,205 people in 2000 and 392,404 in 2025, by the World Bank's count, and grew fastest in 2018, at 2.7%. Net migration was −4,785 in 2009 and stayed negative until 2012. It peaked at 8,348 in 2017. Births per woman dropped from 2.08 in 2000 to 1.56 in 2024. By 2025, 16.0% of Icelanders were 65 or over, against 11.6% in 2000, and life expectancy at birth was 82.8 years in 2024.
392 4042025
The axis does not start at zero, so the change looks larger than it is.
Data
| Year | Population |
|---|---|
| 2025 | 392 404 |
| 2024 | 386 506 |
| 2023 | 385 663 |
| 2022 | 382 003 |
| 2021 | 372 520 |
| 2020 | 366 463 |
| 2019 | 360 563 |
| 2018 | 352 721 |
| 2017 | 343 400 |
| 2016 | 335 439 |
| 2015 | 330 815 |
| 2014 | 327 386 |
| 2013 | 323 764 |
| 2012 | 320 716 |
| 2011 | 319 014 |
| 2010 | 318 041 |
| 2009 | 318 499 |
| 2008 | 317 414 |
| 2007 | 311 566 |
| 2006 | 303 782 |
| 2005 | 296 734 |
| 2004 | 292 074 |
| 2003 | 289 521 |
| 2002 | 287 523 |
| 2001 | 284 968 |
| 2000 | 281 205 |
Series World Bank SP.POP.TOTL
Data
| Year | Aged 0 to 14 | 15 to 64 | 65 and over |
|---|---|---|---|
| 2025 | 17.5% | 66.5% | 16.0% |
| 2024 | 17.8% | 66.6% | 15.6% |
| 2023 | 18.1% | 66.6% | 15.3% |
| 2022 | 18.4% | 66.5% | 15.1% |
| 2021 | 18.6% | 66.5% | 14.9% |
| 2020 | 18.7% | 66.7% | 14.6% |
| 2019 | 18.9% | 66.8% | 14.3% |
| 2018 | 19.2% | 66.7% | 14.1% |
| 2017 | 19.6% | 66.4% | 14.0% |
| 2016 | 19.9% | 66.2% | 13.9% |
| 2015 | 20.2% | 66.1% | 13.7% |
| 2014 | 20.4% | 66.2% | 13.4% |
| 2013 | 20.6% | 66.3% | 13.1% |
| 2012 | 20.7% | 66.5% | 12.8% |
| 2011 | 20.8% | 66.7% | 12.4% |
| 2010 | 20.9% | 66.9% | 12.1% |
| 2009 | 20.9% | 67.3% | 11.8% |
| 2008 | 20.9% | 67.5% | 11.6% |
| 2007 | 21.1% | 67.3% | 11.5% |
| 2006 | 21.5% | 66.8% | 11.6% |
| 2005 | 22.1% | 66.2% | 11.7% |
| 2004 | 22.5% | 65.8% | 11.8% |
| 2003 | 22.8% | 65.5% | 11.7% |
| 2002 | 23.0% | 65.3% | 11.7% |
| 2001 | 23.2% | 65.2% | 11.6% |
| 2000 | 23.3% | 65.1% | 11.6% |
Series World Bank SP.POP.0014.TO.ZS · World Bank SP.POP.1564.TO.ZS · World Bank SP.POP.65UP.TO.ZS
1.562024
Data
| Year | Births per woman |
|---|---|
| 2024 | 1.56 |
| 2023 | 1.55 |
| 2022 | 1.59 |
| 2021 | 1.82 |
| 2020 | 1.72 |
| 2019 | 1.74 |
| 2018 | 1.71 |
| 2017 | 1.71 |
| 2016 | 1.74 |
| 2015 | 1.80 |
| 2014 | 1.93 |
| 2013 | 1.93 |
| 2012 | 2.04 |
| 2011 | 2.02 |
| 2010 | 2.20 |
| 2009 | 2.23 |
| 2008 | 2.15 |
| 2007 | 2.09 |
| 2006 | 2.08 |
| 2005 | 2.05 |
| 2004 | 2.04 |
| 2003 | 1.99 |
| 2002 | 1.93 |
| 2001 | 1.95 |
| 2000 | 2.08 |
Series World Bank SP.DYN.TFRT.IN
82.8 years2024
Data
| Year | Life expectancy at birth |
|---|---|
| 2024 | 82.8 years |
| 2023 | 82.5 years |
| 2022 | 82.1 years |
| 2021 | 83.2 years |
| 2020 | 83.1 years |
| 2019 | 83.2 years |
| 2018 | 82.9 years |
| 2017 | 82.7 years |
| 2016 | 82.2 years |
| 2015 | 82.5 years |
| 2014 | 82.9 years |
| 2013 | 82.1 years |
| 2012 | 82.9 years |
| 2011 | 82.4 years |
| 2010 | 81.9 years |
| 2009 | 81.8 years |
| 2008 | 81.6 years |
| 2007 | 81.5 years |
| 2006 | 81.2 years |
| 2005 | 81.5 years |
| 2004 | 81.0 years |
| 2003 | 81.0 years |
| 2002 | 80.5 years |
| 2001 | 80.7 years |
| 2000 | 79.7 years |
Series World Bank SP.DYN.LE00.IN
2 7092025
People arriving less people leaving, each year. The largest net inflow in the series was 8 348 people, in 2017.
Data
| Year | Net migration |
|---|---|
| 2025 | 2 709 |
| 2024 | 3 543 |
| 2023 | 4 630 |
| 2022 | 6 535 |
| 2021 | 4 911 |
| 2020 | 2 498 |
| 2019 | 5 030 |
| 2018 | 6 638 |
| 2017 | 8 348 |
| 2016 | 4 128 |
| 2015 | 1 499 |
| 2014 | 1 139 |
| 2013 | 1 666 |
| 2012 | −277 |
| 2011 | −1 393 |
| 2010 | −2 055 |
| 2009 | −4 785 |
| 2008 | 1 138 |
| 2007 | 5 254 |
| 2006 | 5 300 |
| 2005 | 3 925 |
| 2004 | 610 |
| 2003 | −204 |
| 2002 | −333 |
| 2001 | 867 |
| 2000 | 1 877 |
Series World Bank SM.POP.NETM
Living standards
Health, schooling, the internet and inequality
Almost all Icelanders, 98.2%, used the internet in 2024, against 44.5% in 2000. Public spending on education reached 8.6% of GDP in 2020 and was 7.3% in 2022; health spending was 9.0% of GDP in 2024. On the Gini coefficient, inequality peaked at 31.8 in 2008 and was 26.8 in 2019.
9.0%2024
Data
| Year | Health spending |
|---|---|
| 2024 | 9.0% |
| 2023 | 8.7% |
| 2022 | 9.1% |
| 2021 | 9.7% |
| 2020 | 9.7% |
| 2019 | 8.6% |
| 2018 | 8.4% |
| 2017 | 8.3% |
| 2016 | 8.2% |
| 2015 | 8.1% |
| 2014 | 8.3% |
| 2013 | 8.2% |
| 2012 | 8.2% |
| 2011 | 8.3% |
| 2010 | 8.4% |
| 2009 | 8.8% |
| 2008 | 8.3% |
| 2007 | 8.3% |
| 2006 | 8.6% |
| 2005 | 8.9% |
| 2004 | 9.3% |
| 2003 | 9.7% |
| 2002 | 9.4% |
| 2001 | 8.8% |
| 2000 | 8.9% |
Series World Bank SH.XPD.CHEX.GD.ZS
7.3%2022
Data
| Year | Public spending on education |
|---|---|
| 2022 | 7.3% |
| 2021 | 8.2% |
| 2020 | 8.6% |
| 2019 | 7.6% |
| 2018 | 7.6% |
| 2017 | 7.6% |
| 2016 | 7.4% |
| 2015 | 7.5% |
| 2014 | 7.6% |
| 2013 | 7.5% |
| 2012 | 7.6% |
| 2011 | 6.8% |
| 2010 | 6.9% |
| 2009 | 7.2% |
| 2008 | 7.0% |
| 2007 | 6.9% |
| 2006 | 7.2% |
| 2005 | 7.3% |
| 2004 | 7.2% |
| 2003 | 7.3% |
| 2002 | 7.3% |
| 2001 | 6.7% |
| 2000 | 6.4% |
Series World Bank SE.XPD.TOTL.GD.ZS
98.2%2024
Data
| Year | Using the internet |
|---|---|
| 2024 | 98.2% |
| 2023 | 98.0% |
| 2022 | 97.6% |
| 2021 | 99.7% |
| 2020 | 99.5% |
| 2019 | 99.5% |
| 2018 | 99.0% |
| 2017 | 98.3% |
| 2016 | 98.2% |
| 2015 | 98.2% |
| 2014 | 98.2% |
| 2013 | 96.5% |
| 2012 | 96.2% |
| 2011 | 94.8% |
| 2010 | 93.4% |
| 2009 | 93.0% |
| 2008 | 91.0% |
| 2007 | 90.6% |
| 2006 | 89.5% |
| 2005 | 87.0% |
| 2004 | 83.9% |
| 2003 | 83.1% |
| 2002 | 79.1% |
| 2001 | 49.4% |
| 2000 | 44.5% |
Series World Bank IT.NET.USER.ZS
26.82019
Data
| Year | Gini coefficient |
|---|---|
| 2019 | 26.8 |
| 2018 | 26.6 |
| 2017 | 26.1 |
| 2016 | 27.2 |
| 2015 | 26.8 |
| 2014 | 27.8 |
| 2013 | 25.4 |
| 2012 | 26.8 |
| 2011 | 26.8 |
| 2010 | 26.2 |
| 2009 | 28.7 |
| 2008 | 31.8 |
| 2007 | 29.5 |
| 2006 | 30.2 |
| 2005 | 29.0 |
| 2004 | 28.0 |
| 2003 | 26.8 |
Series World Bank SI.POV.GINI
94.2%2025
+2.3 points since 2000, between 92.0% and 94.2% in every year
Data
| Year | Living in towns and cities |
|---|---|
| 2025 | 94.2% |
| 2024 | 94.2% |
| 2023 | 94.2% |
| 2022 | 94.2% |
| 2021 | 94.2% |
| 2020 | 94.1% |
| 2019 | 94.0% |
| 2018 | 93.8% |
| 2017 | 93.8% |
| 2016 | 93.8% |
| 2015 | 93.7% |
| 2014 | 93.6% |
| 2013 | 93.6% |
| 2012 | 93.5% |
| 2011 | 93.4% |
| 2010 | 93.5% |
| 2009 | 93.4% |
| 2008 | 93.1% |
| 2007 | 92.4% |
| 2006 | 92.2% |
| 2005 | 92.4% |
| 2004 | 92.4% |
| 2003 | 92.3% |
| 2002 | 92.2% |
| 2001 | 92.0% |
| 2000 | 92.0% |
Series World Bank SP.URB.TOTL.IN.ZS
Energy and environment
Energy, emissions and forest
Renewables generated 99.9% of electricity in 2000 and 100.0% in 2016. Their share of final energy use rose from 60.7% in 2000 to 82.4% in 2021. Carbon dioxide emissions were 12.0 tonnes per person in 2009 and 8.5 tonnes in 2024. The forested share of the land rose from 0.3% in 2000 to 0.5% in 2023.
100.0%2016
+0.1 points since 2000, between 99.9% and 100.0% in every year
Data
| Year | Electricity from renewable sources |
|---|---|
| 2016 | 100.0% |
| 2015 | 100.0% |
| 2014 | 100.0% |
| 2013 | 100.0% |
| 2012 | 100.0% |
| 2011 | 100.0% |
| 2010 | 100.0% |
| 2009 | 100.0% |
| 2008 | 100.0% |
| 2007 | 100.0% |
| 2006 | 100.0% |
| 2005 | 100.0% |
| 2004 | 100.0% |
| 2003 | 99.9% |
| 2002 | 99.9% |
| 2001 | 100.0% |
| 2000 | 99.9% |
Series World Bank EG.ELC.RNEW.ZS
82.4%2021
Data
| Year | Renewable share of final energy use |
|---|---|
| 2021 | 82.4% |
| 2020 | 82.9% |
| 2019 | 81.7% |
| 2018 | 81.4% |
| 2017 | 80.8% |
| 2016 | 80.9% |
| 2015 | 78.0% |
| 2014 | 77.6% |
| 2013 | 76.8% |
| 2012 | 77.7% |
| 2011 | 77.1% |
| 2010 | 76.0% |
| 2009 | 74.7% |
| 2008 | 74.0% |
| 2007 | 67.6% |
| 2006 | 64.2% |
| 2005 | 62.7% |
| 2004 | 61.9% |
| 2003 | 61.9% |
| 2002 | 61.9% |
| 2001 | 62.1% |
| 2000 | 60.7% |
Series World Bank EG.FEC.RNEW.ZS
8.5 t2024
Data
| Year | CO2 emissions per person |
|---|---|
| 2024 | 8.5 t |
| 2023 | 8.3 t |
| 2022 | 8.5 t |
| 2021 | 8.5 t |
| 2020 | 8.4 t |
| 2019 | 8.8 t |
| 2018 | 9.3 t |
| 2017 | 9.7 t |
| 2016 | 9.5 t |
| 2015 | 11.0 t |
| 2014 | 10.6 t |
| 2013 | 11.5 t |
| 2012 | 11.4 t |
| 2011 | 11.3 t |
| 2010 | 11.8 t |
| 2009 | 12.0 t |
| 2008 | 11.9 t |
| 2007 | 11.2 t |
| 2006 | 10.7 t |
| 2005 | 10.5 t |
| 2004 | 10.9 t |
| 2003 | 10.7 t |
| 2002 | 10.9 t |
| 2001 | 10.4 t |
| 2000 | 10.1 t |
Series World Bank EN.GHG.CO2.PC.CE.AR5
0.5%2023
Data
| Year | Forest cover |
|---|---|
| 2023 | 0.5% |
| 2022 | 0.5% |
| 2021 | 0.5% |
| 2020 | 0.5% |
| 2019 | 0.5% |
| 2018 | 0.5% |
| 2017 | 0.5% |
| 2016 | 0.5% |
| 2015 | 0.5% |
| 2014 | 0.5% |
| 2013 | 0.5% |
| 2012 | 0.5% |
| 2011 | 0.5% |
| 2010 | 0.5% |
| 2009 | 0.4% |
| 2008 | 0.4% |
| 2007 | 0.4% |
| 2006 | 0.4% |
| 2005 | 0.4% |
| 2004 | 0.4% |
| 2003 | 0.3% |
| 2002 | 0.3% |
| 2001 | 0.3% |
| 2000 | 0.3% |
Series World Bank AG.LND.FRST.ZS
Codes
Iceland's codes and memberships
The state
- Status
- Sovereign state
- State since
- 1944
- Government
- parliamentary republic
- Official language
- Icelandic
- United Nations
- Member
Identifiers
- Calling code
- +354
- Internet domain
- .is
- Time zone
- UTC
Memberships
Also a member, joining year not on record
- Arctic CouncilArctic Council
- CBSSCouncil of the Baltic Sea States
- Council of EuropeCouncil of Europe
- EFTAEuropean Free Trade Association
- NATONorth Atlantic Treaty Organization
- Nordic CouncilNordic Council
- OECDOrganisation for Economic Co-operation and Development
- OSCEOrganization for Security and Co-operation in Europe
Questions
Questions about Iceland in figures
What size is Iceland's economy?
Iceland's output came to $38.6 billion in 2025 in current US dollars on the World Bank's figures, or $98,323 a head. Converted at purchasing power parity instead, GDP per person was $83,431 in 2025.
How did Iceland's economy do in 2024 and 2025?
Output fell 1.3% in 2024 and grew 1.3% in 2025, the World Bank reports. The IMF projected a pick-up, to 1.9% for 2026 and 2.4% a year from 2028.
How fast are prices rising in Iceland?
Inflation was 4.1% in 2025 by the World Bank's measure, down from 8.7% in 2023. For 2026 the IMF projected 4.8%.
When did Iceland's government debt peak?
In 2011, at 136.6% of GDP, by the IMF's figures. It was 56.1% in 2025 and the IMF projected 43.0% for 2031.
What happened to Iceland's economy in 2009?
Real GDP fell 8.3% in 2009, after 1.7% growth in 2008, according to the World Bank. GDP in current dollars dropped from $22.0 billion in 2007 to $13.2 billion in 2009, and unemployment rose to 7.2% in 2009.
How many Icelanders are there?
392,404 in 2025, the World Bank estimated, against 281,205 in 2000.
Record generated 2026-08-31, series 2026-09-27 · Q189 · World Bank data · Europe