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IS

Iceland

Northern Europe Schengen ISK

IS · ISL · #106 · 12 cities

Nomad score 51/100 Compare

Key indicators

GDP per capita (PPP) (2031)
$105,456
GDP (2031)
$55.2B
GDP growth (2031)
2.4% →
Inflation (2031)
2.5% →
Unemployment (2031)
4.0% →
Population (2031)
440.0K
Population growth (2031)
1.9% ↓
Gini index (2019)
26.8
Government debt (2031)
43.0% of GDP
Current account (2031)
0.5% of GDP
FDI inflows (2025)
-$201.7M
Life expectancy (2024)
82.8 yrs
Health spending (2024)
9.0% of GDP
Internet users (2024)
98.2%
Mobile subscriptions (2024)
120.9/100
Trade openness (2025)
82.5% of GDP
Exchange rate (2025)
128.44/USD
Foreign reserves (2025)
$7.7B
Source: World Bank + IMF World Economic Outlook. Most recent data: 2031.

GDP overview

Nominal GDP and real growth. Dashed = IMF forecast.

GDP per capita (PPP)

Purchasing power parity adjusted, in international dollars

Inflation (CPI)

Unemployment

ILO modeled estimate

Population

Fiscal and trade

Government debt (2031)
43.0% of GDP
Current account (2031)
0.5% of GDP
FDI inflows (2025)
-$201.7M

Income inequality (Gini)

Gini index (2019)
0.27
Assessment
Low inequality
Source: World Bank PIP via OWID. 0 = perfect equality, 1 = maximum inequality.

Business environment

New business density (2024)
10.86/1k
Tax revenue (2023)
23.2% of GDP
Services sector (2025)
66.2% of GDP

Financial access and costs

ATMs per 100k (2024)
64.6
Bank branches per 100k (2024)
20.4
ICT service exports (2025)
10.6%
Goods and services tax (2023)
13.1%

Historical data

Historical economic data
Year GDP GDP/cap PPP Growth Inflation Unemp. Population Gini Debt Curr. acct FDI Life exp. Health Internet FX rate
2031 * $55.2B $105,456 2.4% 2.5% 4.0% 440.0K - 43.0% 0.5% - - - - -
2030 * $52.7B $130,684 2.4% 2.5% 4.0% 432.0K - 45.4% 0.4% - - - - -
2029 * $50.3B $123,770 2.4% 2.5% 4.0% 423.0K - 47.8% 0.2% - - - - -
2028 * $48.1B $117,239 2.4% 2.5% 4.0% 415.0K - 49.9% 0.1% - - - - -
2027 * $46.0B $111,254 2.1% 2.8% 4.3% 406.0K - 51.7% -0.1% - - - - -
2026 * $43.8B $105,572 1.9% 4.8% 4.2% 398.0K - 53.6% -0.7% - - - - -
2025 $38.6B $83,431 1.3% 4.1% 4.4% 389.0K - 56.1% -3.6% -$201.7M - - - 128.44
2024 $33.2B $83,561 -1.3% 5.9% 3.4% 384.0K - 60.4% -3.2% $2.8B 82.8 9.0% 98.2% 137.96
2023 $31.7B $82,257 5.0% 8.7% 3.4% 375.0K - 61.5% -1.2% $1.9B 82.5 8.7% 98.0% 137.94
2022 $29.2B $76,592 8.9% 8.3% 3.6% 365.0K - 66.4% -1.7% $1.4B 82.1 9.1% 97.6% 135.28
2021 $26.2B $62,721 5.2% 4.5% 5.8% 358.0K - 73.6% -2.6% $401.0M 83.2 9.7% 99.7% 126.99
2020 $22.0B $56,841 -6.6% 2.8% 6.3% 354.0K - 76.1% 1.9% -$878.5M 83.1 9.7% 99.5% 135.42
2019 $25.0B $61,270 1.1% 3.0% 3.9% 349.0K 26.8 65.7% 7.4% -$556.5M 83.2 8.6% 99.5% 122.61
2018 $26.7B $58,106 4.7% 2.7% 3.1% 342.0K 26.6 62.3% 4.4% -$622.7M 82.9 8.4% 99.0% 108.30
2017 $25.1B $56,385 3.5% 1.8% 3.3% 333.0K 26.1 70.8% 4.9% -$7.0B 82.7 8.3% 98.3% 106.84
2016 $21.1B $54,228 6.2% 1.7% 3.4% 326.0K 27.2 81.3% 8.9% -$1.1B 82.2 8.2% 98.2% 120.81
2015 $17.7B $49,716 3.8% 1.6% 4.6% 323.0K 26.8 96.3% 6.3% $1.1B 82.5 8.1% 98.2% 131.92
2014 $18.1B $46,472 1.9% 2.0% 5.5% 320.0K 27.8 114.1% 5.0% $766.8M 82.9 8.3% 98.2% 116.77
2013 $16.2B $44,738 3.6% 3.9% 6.1% 316.0K 25.4 121.1% 6.8% $472.6M 82.1 8.2% 96.6% 122.18
2012 $14.9B $42,552 1.2% 5.2% 6.9% 313.0K 26.8 132.2% -2.9% $1.0B 82.9 8.2% 96.2% 125.08
2011 $15.4B $41,400 1.4% 4.0% 8.0% 312.0K 26.8 136.6% -4.5% $1.1B 82.4 8.3% 94.8% 115.95
2010 $13.9B $40,260 -2.2% 5.4% 8.3% 318.0K 26.2 131.5% -5.8% $257.0M 81.9 8.4% 93.4% 122.24
2009 $13.2B $42,070 -8.3% 12.0% 8.0% 319.0K 28.7 128.2% -8.8% $63.6M 81.8 8.8% 93.0% 123.64
2008 $18.2B $44,147 1.7% 12.7% 3.3% 315.0K 31.8 109.3% -20.8% $1.2B 81.6 8.3% 91.0% 87.95
2007 $22.0B $42,060 8.7% 5.1% 2.5% 308.0K 29.5 67.4% -13.7% $6.9B 81.5 8.4% 90.6% 64.06
2006 $17.7B $40,161 5.7% 6.7% 3.2% 300.0K 30.2 69.8% -22.6% $3.9B 81.2 8.6% 89.5% 70.18
2005 $17.1B $37,973 7.0% 4.0% 2.9% 294.0K 29.0 67.8% -15.5% $3.1B 81.5 9.0% 87.0% 62.98
Source: World Bank + IMF World Economic Outlook. * = IMF forecast.

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