Country

Iceland

Outside the European Union · world profile (World Bank data)

Map

 

Boundaries: Natural Earth (unofficial boundaries), simplified · sources and licences

Over time

6 charts

GDP per capita

€/inh. · 1995-2025

Iceland EU average

0 20k 40k 60k 80k 100k 1995 Iceland: 21,060 EU average: 14,910 1996 Iceland: 22,450 EU average: 15,600 1997 Iceland: 25,110 EU average: 16,010 1998 Iceland: 28,070 EU average: 16,670 1999 Iceland: 30,770 EU average: 17,420 2000 Iceland: 35,210 EU average: 18,420 2001 Iceland: 32,550 EU average: 19,270 2002 Iceland: 34,840 EU average: 19,930 2003 Iceland: 35,360 EU average: 20,400 2004 Iceland: 38,510 EU average: 21,250 2005 Iceland: 46,530 EU average: 22,110 2006 Iceland: 46,520 EU average: 23,320 2007 Iceland: 51,520 EU average: 24,680 2008 Iceland: 35,150 EU average: 25,390 2009 Iceland: 29,700 EU average: 24,230 2010 Iceland: 33,410 EU average: 25,090 2011 Iceland: 35,390 EU average: 25,880 2012 Iceland: 36,980 EU average: 25,980 2013 Iceland: 38,460 EU average: 26,260 2014 Iceland: 42,350 EU average: 26,860 2015 Iceland: 49,180 EU average: 27,810 2016 Iceland: 57,900 EU average: 28,510 2017 Iceland: 65,850 EU average: 29,680 2018 Iceland: 65,330 EU average: 30,680 2019 Iceland: 63,430 EU average: 31,740 2020 Iceland: 54,190 EU average: 30,560 2021 Iceland: 61,360 EU average: 33,330 2022 Iceland: 74,980 EU average: 36,180 2023 Iceland: 77,170 EU average: 38,450 2024 Iceland: 79,290 EU average: 40,110 2025 Iceland: 87,160 EU average: 41,700 1995 2005 2010 2015 2025

Real GDP growth

% · 1996-2025

Iceland EU average

-10 -5 0 5 10 1996 Iceland: 4.5 EU average: 1.8 1997 Iceland: 4.1 EU average: 2.7 1998 Iceland: 7 EU average: 3 1999 Iceland: 3.9 EU average: 3 2000 Iceland: 4.9 EU average: 3.9 2001 Iceland: 3.8 EU average: 2.1 2002 Iceland: 0.5 EU average: 1 2003 Iceland: 2.3 EU average: 0.9 2004 Iceland: 7.6 EU average: 2.5 2005 Iceland: 7 EU average: 1.9 2006 Iceland: 5.7 EU average: 3.5 2007 Iceland: 8.7 EU average: 3.1 2008 Iceland: 1.7 EU average: 0.6 2009 Iceland: -8.3 EU average: -4.3 2010 Iceland: -2.2 EU average: 2.1 2011 Iceland: 1.4 EU average: 1.9 2012 Iceland: 1.2 EU average: -0.8 2013 Iceland: 3.6 EU average: 0 2014 Iceland: 1.9 EU average: 1.6 2015 Iceland: 3.8 EU average: 2.4 2016 Iceland: 6.2 EU average: 1.9 2017 Iceland: 3.5 EU average: 2.8 2018 Iceland: 4.7 EU average: 2.1 2019 Iceland: 1.1 EU average: 1.9 2020 Iceland: -6.6 EU average: -5.5 2021 Iceland: 5.2 EU average: 6.4 2022 Iceland: 8.9 EU average: 3.6 2023 Iceland: 5.2 EU average: 0.4 2024 Iceland: -0.9 EU average: 1.3 2025 Iceland: 1.1 EU average: 1.4 1996 2006 2011 2016 2025

HICP inflation rate

% · 1996-2025

Iceland EU average

-5 0 5 10 15 20 1996 Iceland: 2.2 EU average: 0 1997 Iceland: 1.8 EU average: 0 1998 Iceland: 1.3 EU average: 0 1999 Iceland: 2.1 EU average: 0 2000 Iceland: 4.4 EU average: 0 2001 Iceland: 6.6 EU average: 3.6 2002 Iceland: 5.3 EU average: 2.7 2003 Iceland: 1.4 EU average: 2.3 2004 Iceland: 2.3 EU average: 2.5 2005 Iceland: 1.4 EU average: 2.3 2006 Iceland: 4.6 EU average: 2.3 2007 Iceland: 3.6 EU average: 2.4 2008 Iceland: 12.8 EU average: 3.7 2009 Iceland: 16.3 EU average: 0.8 2010 Iceland: 7.5 EU average: 1.8 2011 Iceland: 4.2 EU average: 2.9 2012 Iceland: 6 EU average: 2.6 2013 Iceland: 4.1 EU average: 1.3 2014 Iceland: 1 EU average: 0.4 2015 Iceland: 0.3 EU average: 0.1 2016 Iceland: 0.8 EU average: 0.2 2017 Iceland: -1.7 EU average: 1.6 2018 Iceland: 0.7 EU average: 1.8 2019 Iceland: 2 EU average: 1.4 2020 Iceland: 1.2 EU average: 0.7 2021 Iceland: 3.7 EU average: 2.9 2022 Iceland: 5.7 EU average: 9.2 2023 Iceland: 8 EU average: 6.4 2024 Iceland: 4.5 EU average: 2.6 2025 Iceland: 3.7 EU average: 2.5 1996 2006 2011 2016 2025

Annual change in house prices

% · 2006-2025

Iceland EU average

-10 0 10 20 30 2006 Iceland: 16.8 EU average: 9.9 2007 Iceland: 9.4 EU average: 8.5 2008 Iceland: 6.2 EU average: 1.3 2009 Iceland: -9.7 EU average: -3.7 2010 Iceland: -3 EU average: 0.5 2011 Iceland: 4.6 EU average: 0.6 2012 Iceland: 6.9 EU average: -2.1 2013 Iceland: 5.8 EU average: -1.7 2014 Iceland: 8.4 EU average: 0.7 2015 Iceland: 8.2 EU average: 2.3 2016 Iceland: 9.8 EU average: 4.3 2017 Iceland: 19.5 EU average: 4.8 2018 Iceland: 8.2 EU average: 5 2019 Iceland: 4.4 EU average: 4.9 2020 Iceland: 6.4 EU average: 5.6 2021 Iceland: 12.5 EU average: 8.4 2022 Iceland: 21 EU average: 8 2023 Iceland: 7.8 EU average: -0.3 2024 Iceland: 8 EU average: 3.4 2025 Iceland: 5.1 EU average: 5.5 2006 2012 2015 2018 2025

R&D expenditure

% of GDP · 1995-2024

Iceland EU average

1.0 1.5 2.0 2.5 3.0 1995 Iceland: 1.46 EU average: 1.73 1997 Iceland: 1.76 EU average: 1.72 1998 Iceland: 1.92 EU average: 1.73 1999 Iceland: 2.2 EU average: 1.78 2000 Iceland: 2.54 EU average: 1.81 2001 Iceland: 2.81 EU average: 1.82 2002 Iceland: 2.79 EU average: 1.83 2003 Iceland: 2.67 EU average: 1.82 2005 Iceland: 2.63 EU average: 1.78 2006 Iceland: 2.82 EU average: 1.8 2007 Iceland: 2.5 EU average: 1.79 2008 Iceland: 2.44 EU average: 1.87 2009 Iceland: 2.59 EU average: 1.96 2011 Iceland: 2.38 EU average: 2 2013 Iceland: 1.68 EU average: 2.08 2014 Iceland: 1.92 EU average: 2.09 2015 Iceland: 2.16 EU average: 2.1 2016 Iceland: 2.08 EU average: 2.1 2017 Iceland: 2.06 EU average: 2.14 2018 Iceland: 1.97 EU average: 2.17 2019 Iceland: 2.31 EU average: 2.21 2020 Iceland: 2.44 EU average: 2.28 2021 Iceland: 2.73 EU average: 2.24 2022 Iceland: 2.56 EU average: 2.22 2023 Iceland: 2.62 EU average: 2.26 2024 Iceland: 2.47 EU average: 2.24 1995 2005 2009 2015 2024

Electricity price for households

€/kWh · 2012S1-2025S1

Iceland EU average

0.10 0.15 0.20 0.25 0.30 2012S1 Iceland: 0.11 EU average: 0.19 2012S2 Iceland: 0.12 EU average: 0.2 2013S1 Iceland: 0.11 EU average: 0.2 2013S2 Iceland: 0.11 EU average: 0.21 2014S1 Iceland: 0.11 EU average: 0.21 2014S2 Iceland: 0.12 EU average: 0.21 2015S1 Iceland: 0.12 EU average: 0.21 2015S2 Iceland: 0.13 EU average: 0.21 2016S1 Iceland: 0.13 EU average: 0.21 2016S2 Iceland: 0.15 EU average: 0.21 2017S1 Iceland: 0.16 EU average: 0.21 2017S2 Iceland: 0.15 EU average: 0.21 2018S1 Iceland: 0.15 EU average: 0.21 2018S2 Iceland: 0.15 EU average: 0.22 2019S1 Iceland: 0.14 EU average: 0.22 2019S2 Iceland: 0.14 EU average: 0.22 2020S1 Iceland: 0.13 EU average: 0.21 2020S2 Iceland: 0.12 EU average: 0.22 2021S1 Iceland: 0.14 EU average: 0.22 2021S2 Iceland: 0.14 EU average: 0.24 2022S1 Iceland: 0.15 EU average: 0.25 2022S2 Iceland: 0.15 EU average: 0.28 2023S1 Iceland: 0.15 EU average: 0.29 2023S2 Iceland: 0.16 EU average: 0.28 2024S1 Iceland: 0.17 EU average: 0.29 2024S2 Iceland: 0.18 EU average: 0.29 2025S1 Iceland: 0.2 EU average: 0.29 2012S1 2016S1 2018S1 2020S1 2022S1 2025S1

Economy

8 indicators
GDP per capita
87,160 €/inh.
+7,870 vs 2024
EU average 41,700 €/inh.
2025 · country ranking
GDP growth
1.1 %
+2.0 vs 2024
EU average 1.4 %
2025 · country ranking
Inflation
3.7 %
−0.8 vs 2024
EU average 2.5 %
2025 · country ranking
House prices
5.1 %
−2.9 vs 2024
EU average 5.5 %
2025 · country ranking
R&D
2.47 % of GDP
−0.15 vs 2023
EU average 2.24 % of GDP
2024 · country ranking
Electricity price
0.2019 €/kWh
+0.0205 vs 2024S2
EU average 0.2879 €/kWh
2025S1 · country ranking
Tax-to-GDP ratio
36.9 % of GDP
+1.0 vs 2023
EU average 40.3 % of GDP
2024 · country ranking
Price level
172.7
+4.6 vs 2023
EU average 100.0
2024 · country ranking

Labour

6 indicators
Employment
85.8 %
−1.2 vs 2024
EU average 76.1 %
2025 · country ranking
Unemployment
4.5 %
+0.9 vs 2024
EU average 6.0 %
2025 · country ranking
Gender pay gap
11.1 %
+1.4 vs 2023
EU average 11.1 %
2024 · country ranking
Long-term unemployment
0.6 %
+0.2 vs 2024
EU average 1.9 %
2025 · country ranking
NEET rate
4.2 %
−0.7 vs 2024
EU average 11.0 %
2025 · country ranking
Working hours
38.7 h
−0.4 vs 2024
EU average 37.3 h
2025 · country ranking

Population

7 indicators
Healthy life expectancy
62.4 years
−0.7 vs 2017
EU average 64.0 years
2018 · country ranking
Doctors
466 per 100k
+16 vs 2023
2024 · country ranking
Infant mortality
1.4 ‰
−0.9 vs 2023
EU average 3.5 ‰
2024 · country ranking
Obesity
21.7 %
+3.6 vs 2014
EU average 16.0 %
2019 · country ranking
Population
394,324
+4,880 vs 2025
EU average 451,990,314
2026 · country ranking
Life expectancy
81.9 years
+0.3 vs 2023
EU average 80.8 years
2024 · country ranking
Fertility
1.56
+0.01 vs 2023
EU average 1.34
2024 · country ranking

Environment

8 indicators
Emissions
28.5 t/inh.
+0.5 vs 2023
2024 · country ranking
Energy imports
16.8 %
−0.2 vs 2023
EU average 57.3 %
2024 · country ranking
Municipal waste
580 kg
−15 vs 2022
EU average 511 kg
2023 · country ranking
Renewable electricity
102.4 %
+2.5 vs 2023
EU average 47.5 %
2024 · country ranking
Organic farming
0.4 %
+0.1 vs 2020
2021 · country ranking
Air pollution deaths
0 per 100k
0 vs 2022
EU average 41 per 100k
2023 · country ranking
Renewables
79.3 %
−0.1 vs 2023
EU average 25.2 %
2024 · country ranking
Recycling
31.7 %
+8.4 vs 2022
EU average 47.9 %
2023 · country ranking

Society

19 indicators
Health spending
9.2 %
0 vs 2024
2025 · country ranking
Tertiary educated
46.1 %
−0.2 vs 2024
EU average 36.9 %
2025 · country ranking
Adult learning
27.3 %
+0.2 vs 2024
EU average 13.7 %
2025 · country ranking
Poverty risk
11.7 %
+0.1 vs 2019
EU average 21.5 %
2020 · country ranking
Income inequality
22.1
−1.0 vs 2019
EU average 29.5
2020 · country ranking
Internet use
99.4 %
0 vs 2020
EU average 89.0 %
2021 · country ranking
Road deaths
3 per mn
+1 vs 2023
EU average 4 per mn
2024 · country ranking
Housing overcrowding
11.3 %
−2.2 vs 2019
EU average 17.4 %
2020 · country ranking
Passenger cars
645 per 1,000
+6 vs 2024
EU average 584 per 1,000
2025 · country ranking
Early leavers
16.7 %
+1.4 vs 2024
EU average 9.1 %
2025 · country ranking
Unable to keep warm
1.0 %
−0.3 vs 2019
EU average 7.5 %
2020 · country ranking
Burglaries
305 per 100k
+56 vs 2023
2024 · country ranking
Housing overburden
13.1 %
+0.5 vs 2019
EU average 7.8 %
2020 · country ranking
Home ownership
81.7 %
+0.6 vs 2019
EU average 70.0 %
2020 · country ranking
Travel by car
88.4 %
+1.3 vs 2023
EU average 82.5 %
2024 · country ranking
Health expenditure
8.6 % of GDP
+0.5 vs 2023
EU average 7.3 % of GDP
2024 · country ranking
Education spending
7.0 % of GDP
+0.3 vs 2023
EU average 4.7 % of GDP
2024 · country ranking
Life satisfaction
8.1 /10
+0.1 vs 2013
EU average 7.3 /10
2018 · country ranking
Digital skills
81.0 %
EU average 53.9 %
2021 · country ranking

Regions

NUTS

NUTS 1 1

NUTS 2 1

NUTS 3 2

Where the data comes from

© European Union, source: Eurostat - datasets, licence and methods.

Ranks are among EU member states. Where less is better (unemployment, debt), the lowest value ranks first.