EUROPE · COUNTRY REFERENCE
Iceland
Written and compiled by American Business Capital Group Inc.
Selected country or entityMap: Natural Earth ↗
ANNUAL ECONOMIC SNAPSHOT
Population & economic scale
The most recent non-empty observations returned by the World Bank when this snapshot was collected. Read the year on each card: these are annual statistics, not live measurements.
World Bank reporting entity: Iceland · 3 of 3 indicators available.
Population
392,404
people
observation
Definition, value & source
Total population is based on the de facto definition of population, which counts all residents regardless of legal status or citizenship. The values shown are midyear estimates.
Received value: 392404 people. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: World Population Prospects, United Nations (UN), uri: https://population.un.org/wpp/, publisher: UN Population Division; Statistical databases and publications from national statistical offices, National Statistical Offices (NSOs), uri: https://unstats.un.org/home/nso_sites/, publisher: National Statistical Offices; Eurostat: Demographic Statistics, Eurostat (ESTAT), uri: https://ec.europa.eu/eurostat/data/database?node_code=earn_ses_monthly, publisher: Eurostat; Population and Vital Statistics Report (various years), United Nations (UN), uri: https://unstats.un.org, publisher: UN Statistics Division
GDP
$38.58 billion
current US$
observation
Definition, value & source
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Received value: 38582528789.0033 current US$. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)
GDP per capita
$98,323
current US$ per person
observation
Definition, value & source
Gross domestic product is the total income earned through the production of goods and services in an economic territory during an accounting period. It can be measured in three different ways: using either the expenditure approach, the income approach, or the production approach. The core indicator has been divided by the general population to achieve a per capita estimate.This indicator is expressed in current prices, meaning no adjustment has been made to account for price changes over time. This indicator is expressed in United States dollars.
Received value: 98323.4849517418 current US$ per person. The main card rounds for readability.
- Collected
- Oct 7, 2026
- Dataset update reported by API
- Jul 13, 2026; separate from the observation year
World Bank indicator ↗ · API record ↗
World Bank, World Development Indicators. CC BY 4.0. Underlying sources: Country official statistics, National Statistical Organizations and/or Central Banks; National Accounts data files, Organisation for Economic Co-operation and Development (OECD); Staff estimates, World Bank (WB)
GDP and GDP per capita use current US dollars, without an inflation or purchasing-power-parity adjustment. Source years can differ. Missing data is not zero; earlier archive figures below are retained as a separate historical reference.
THE REFERENCE FILE
Iceland at a glance
These are historical reference facts from the 2025 World Factbook archive. Each estimate keeps its own period; an archive edition does not make every figure a measurement from that year.
Population
total: 364,036 (2024 est.) male: 182,268 female: 181,768
Real GDP (purchasing power parity)
$26.561 billion (2024 est.) $26.424 billion (2023 est.) $25.012 billion (2022 est.) note: data in 2021 dollars
GDP (official exchange rate)
$33.463 billion (2024 est.) note: data in current dollars at official exchange rate
Real GDP growth rate
0.5% (2024 est.) 5.6% (2023 est.) 9% (2022 est.) note: annual GDP % growth based on constant local currency
Real GDP per capita
$65,600 (2024 est.) $67,200 (2023 est.) $65,500 (2022 est.) note: data in 2021 dollars
Inflation rate (consumer prices)
5.9% (2024 est.) 8.7% (2023 est.) 8.3% (2022 est.) note: annual % change based on consumer prices
Unemployment rate
3.2% (2024 est.) 3.6% (2023 est.) 3.8% (2022 est.) note: % of labor force seeking employment
Labor force
248,400 (2024 est.) note: number of people ages 15 or older who are employed or seeking work
Public debt
80.7% of GDP (2023 est.) note: central government debt as a % of GDP
Budget
revenues: $10.023 billion (2023 est.) expenditures: $10.364 billion (2023 est.) note: central government revenues (excluding grants) and expenditures converted to US dollars at average official exchange rate for year indicated
Current account balance
-$845.319 million (2024 est.) $290.603 million (2023 est.) -$698.165 million (2022 est.) note: balance of payments - net trade and primary/secondary income in current dollars
Exports
$13.916 billion (2024 est.) $13.702 billion (2023 est.) $13.114 billion (2022 est.) note: balance of payments - exports of goods and services in current dollars
Imports
$14.298 billion (2024 est.) $13.63 billion (2023 est.) $13.237 billion (2022 est.) note: balance of payments - imports of goods and services in current dollars
Reserves of foreign exchange and gold
$6.403 billion (2024 est.) $5.809 billion (2023 est.) $5.887 billion (2022 est.) note: holdings of gold (year-end prices)/foreign exchange/special drawing rights in current dollars
Electricity access
electrification - total population: 100% (2022 est.)
Internet users
percent of population: 100% (2023 est.)
THE HISTORICAL REFERENCE LIBRARY
Explore the country in detail
Browse the economy, population, resources and infrastructure. These archived descriptions keep their original wording and dates; they have not been updated to describe current conditions.
29 of 29 sections
Location
Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom
archive edition 2025 · Archive source ↗
Capital
name: Reykjavik geographic coordinates: 64 09 N, 21 57 W time difference: UTC 0 (5 hours ahead of Washington, DC, during Standard Time) etymology: the name means "smoky bay" in Icelandic and refers to the steam from the hot springs in the area
archive edition 2025 · Archive source ↗
Economic overview
high-income North Atlantic island economy; not an EU member but market integration via European Economic Area (EEA); dominant tourism, fishing, and aluminum industries vulnerable to demand swings and disruption from volcanic activity; inflation remains above target rate; barriers to foreign business access and economic diversification
archive edition 2025 · Archive source ↗
Natural resources
fish, hydropower, geothermal power, diatomite
archive edition 2025 · Archive source ↗
Agricultural products
milk, chicken, lamb/mutton, barley, potatoes, pork, beef, eggs, other meats, cucumbers/gherkins (2023) note: top ten agricultural products based on tonnage
2023 source periods; archive edition 2025 · Archive source ↗
Industries
tourism, fish processing; aluminum smelting; geothermal power, hydropower; medical/pharmaceutical products
archive edition 2025 · Archive source ↗
Exports - partners
Netherlands 27%, Germany 11%, USA 10%, UK 8%, Norway 6% (2023) note: top five export partners based on percentage share of exports
2023 source periods; archive edition 2025 · Archive source ↗
Exports - commodities
aluminum, fish, orthopedic appliances, animal meal, iron alloys (2023) note: top five export commodities based on value in dollars
2023 source periods; archive edition 2025 · Archive source ↗
Imports - partners
Norway 11%, China 9%, Germany 9%, Netherlands 8%, USA 7% (2023) note: top five import partners based on percentage share of imports
2023 source periods; archive edition 2025 · Archive source ↗
Imports - commodities
refined petroleum, cars, carbon-based electronics, aluminum oxide, computers (2023) note: top five import commodities based on value in dollars
2023 source periods; archive edition 2025 · Archive source ↗
Climate
temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers
archive edition 2025 · Archive source ↗
Terrain
mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords
archive edition 2025 · Archive source ↗
Land use
agricultural land: 16.2% (2023 est.) arable land: 1.2% (2023 est.) permanent crops: 0% (2022 est.) permanent pasture: 15% (2023 est.) forest: 0.6% (2023 est.) other: 82.6% (2023 est.)
2023, 2022 dates in source text; archive edition 2025 · Archive source ↗
Natural hazards
earthquakes and volcanic activity volcanism: Iceland is situated on top of a hotspot and experiences severe volcanic activity; Eyjafjallajokull (1,666 m) erupted in 2010, sending ash high into the atmosphere and seriously disrupting European air traffic; scientists continue to monitor nearby Katla (1,512 m), which has a high probability of eruption; Grimsvoetn and Hekla are Iceland's most active volcanoes; other historically active volcanoes include Askja, Bardarbunga, Brennisteinsfjoll, Esjufjoll, Hengill, Krafla, Krisuvik, Kverkfjoll, Oraefajokull, Reykjanes, Torfajokull, and Vestmannaeyjar
2010 dates in source text; archive edition 2025 · Archive source ↗
Languages
Icelandic, English, Polish, Nordic languages, German
archive edition 2025 · Archive source ↗
Religions
Evangelical Lutheran Church of Iceland (official) 58.6% Roman Catholic 3.8%, Independent Congregation of Reykjavik 2.6%, Independent Congregation of Hafnarfjordur 1.9%, pagan worship 1.5%, Icelandic Ethical Humanist Association 1.4%, other (includes Zuist and Pentecostal) or unspecified 18.7%, none 7.7% (2024 est.)
2024 dates in source text; archive edition 2025 · Archive source ↗
Age structure
0-14 years: 19.8% (male 36,692/female 35,239) 15-64 years: 63.2% (male 116,210/female 113,810) 65 years and over: 17.1% (2024 est.) (male 29,366/female 32,719)
2024 dates in source text; archive edition 2025 · Archive source ↗
Urbanization
urban population: 94% of total population (2023) rate of urbanization: 0.74% annual rate of change (2020-25 est.)
2023, 2020 dates in source text; archive edition 2025 · Archive source ↗
Life expectancy at birth
total population: 84 years (2024 est.) male: 81.8 years female: 86.3 years
2024 dates in source text; archive edition 2025 · Archive source ↗
Electricity
installed generating capacity: 3.005 million kW (2023 est.) consumption: 19.584 billion kWh (2023 est.) transmission/distribution losses: 543 million kWh (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Electricity generation sources
hydroelectricity: 70.1% of total installed capacity (2023 est.) geothermal: 29.9% of total installed capacity (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Petroleum
refined petroleum consumption: 19,000 bbl/day (2024 est.)
2024 dates in source text; archive edition 2025 · Archive source ↗
Carbon dioxide emissions
3.101 million metric tonnes of CO2 (2023 est.) from coal and metallurgical coke: 376,000 metric tonnes of CO2 (2023 est.) from petroleum and other liquids: 2.725 million metric tonnes of CO2 (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Telephones - mobile cellular
total subscriptions: 478,000 (2023 est.) subscriptions per 100 inhabitants: 123 (2022 est.)
2023, 2022 dates in source text; archive edition 2025 · Archive source ↗
Broadband - fixed subscriptions
total: 145,000 (2023 est.) subscriptions per 100 inhabitants: 37 (2023 est.)
2023 dates in source text; archive edition 2025 · Archive source ↗
Airports
82 (2025)
2025 dates in source text; archive edition 2025 · Archive source ↗
Ports
total ports: 43 (2024) large: 0 medium: 2 small: 2 very small: 17 size unknown: 22 ports with oil terminals: 5 key ports: Grundartangi, Reykjavik, Seydhisfjordhur, Vestmannaeyjar
2024 dates in source text; archive edition 2025 · Archive source ↗
GDP - composition, by sector of origin
agriculture: 4% (2024 est.) industry: 19.4% (2024 est.) services: 65.5% (2024 est.) note: figures may not total 100% due to non-allocated consumption not captured in sector-reported data
2024 dates in source text; archive edition 2025 · Archive source ↗
Remittances
0.7% of GDP (2024 est.) 0.7% of GDP (2023 est.) 0.7% of GDP (2022 est.) note: personal transfers and compensation between resident and non-resident individuals/households/entities
2024, 2023, 2022 dates in source text; archive edition 2025 · Archive source ↗
CURRENCY OBSERVATIONS
Money & exchange rates
The latest verified daily references are separate from the historical country profile. Values are currency units per US$1.
Iceland Krona
ISK per US$1
Published reference snapshot; its original observation date is preserved.
1 ISK = US$0.008194035
120.11–122.23 ISK per US$1 across the displayed observations. The vertical scale follows this range.
View dated observations
| Observation date | ISK per US$1 |
|---|---|
| Oct 6, 2026 | 122.04 |
| Oct 5, 2026 | 122.23 |
| Oct 4, 2026 | 121.92 |
| Oct 3, 2026 | 121.87 |
| Oct 2, 2026 | 121.75 |
| Oct 1, 2026 | 121.1 |
| Sep 30, 2026 | 120.61 |
| Sep 29, 2026 | 120.52 |
| Sep 28, 2026 | 120.26 |
| Sep 27, 2026 | 120.11 |
| Sep 26, 2026 | 120.17 |
| Sep 25, 2026 | 120.42 |
| Sep 24, 2026 | 121.23 |
| Sep 23, 2026 | 120.93 |
| Sep 22, 2026 | 120.85 |
| Sep 21, 2026 | 121.11 |
| Sep 20, 2026 | 121.57 |
| Sep 19, 2026 | 121.62 |
| Sep 18, 2026 | 121.66 |
| Sep 17, 2026 | 121.6 |
| Sep 16, 2026 | 121.21 |
| Sep 15, 2026 | 121.27 |
| Sep 14, 2026 | 120.88 |
| Sep 13, 2026 | 120.46 |
| Sep 12, 2026 | 120.44 |
| Sep 11, 2026 | 120.44 |
| Sep 10, 2026 | 120.51 |
| Sep 9, 2026 | 120.65 |
| Sep 8, 2026 | 120.96 |
| Sep 7, 2026 | 121.15 |
Daily references are not live execution prices. A check time does not change a source observation date.
CAPITAL MARKETS
Stock exchanges
Exchange directory coverage is curated and does not establish that an entity has no other trading venues.
CONTINUE YOUR RESEARCH
Official data & country reports
Research directories have their own coverage. A link is not a claim that every entity has an IMF report or a separate national statistical office.
SOURCES & DATES
Where the facts come from.
Editorial presentation by American Business Capital Group Inc. The organizations and archive links below are the underlying sources.
- Country reference
- CIA World Factbook · 2025 archive
- Archive retrieved
- Oct 6, 2026 · retrieval date, not an observation period
- Currency associations
- SIX / ISO 4217 currency registry ↗
- Rate observations
- Frankfurter / official reference providers ↗ · each observation is dated separately
- State classification
- UN member states ↗ · UN observer states ↗
- UN membership is shown separately from territory and currency coverage; inclusion is not a position on sovereignty or boundaries.
- CIA World Factbook text preserved by World Factbook Archive. Archive edition 2025; individual estimates retain their own dates. These are historical reference facts, not current observations.
About the editions. The CIA announced the end of its online World Factbook on February 4, 2026. Our historical profiles retain the archive editions shown above.
Skyhorse lists The CIA World Factbook 2026–2027, published April 7, 2026 (ISBN 9781510786042). That book’s full text has not been incorporated here; its edition title does not redate the imported archive. Archive distribution license.
Geography is a simplified reference. Displayed boundaries and entity inclusion do not express a position on sovereignty or disputed borders.