IcelandIceland, located in the region of Europe & Central Asia, is an internationally classified economy with a "High income" income level. It is home to a demographic force of approximately 0.4 million inhabitants.
From a quantitative perspective, Positioning itself as an export-oriented powerhouse, the export sector represents more than 40.1% of GDP, making it highly sensitive to global trade cycles. A sustained disinflationary cycle stands out positively, reducing the CPI by 4.6 points from its recent peaks.
Delving deeper into its institutional metrics, A fiscal consolidation effort stands out, achieving a sovereign deleveraging of 18.4 points in its recent history.
Demographically, it faces the structural challenge of an aging workforce, with 16.0% over 65 years old. It stands out for high social cohesion, combining low levels of inequality (Gini: 26.8) with near full-employment figures, reducing country risk. Foreign investment flows (FDI) remain depressed at around -0.5%, limiting technological transfer.
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$0.04T
+1.28%
Data from 2025
4.1%
Data from 2025
GDP per Capita
$98,323
YEAR 2025
Unemployment
3.6%
YEAR 2025
Debt to GDP
80.1%
YEAR 2023
Active Population
0.4M
YEAR 2025
Population > 65 Years
16.0%
YEAR 2025
Gini IndexMeasures income inequality. 0 is total equality, 100 is extreme inequality.
26.8
YEAR 2019
Exports (% GDP)
40.1%
YEAR 2025
Imports (% GDP)
42.4%
YEAR 2025
FDI (% GDP)Foreign Direct Investment. Foreign capital productively invested in this economy.
-0.5%
YEAR 2025
| Year | GDP (USD) | Growth (%) | Inflation (%) | Unemployment (%) | Debt/GDP (%) | Exports (%GDP) | Imports (%GDP) | FDI (%GDP) |
|---|---|---|---|---|---|---|---|---|
| 2025 | $38.58B | 1.28 | 4.09 | 3.63 | --- | 40.11 | 42.37 | -0.52 |
| 2024 | $33.19B | -1.28 | 5.86 | 3.60 | --- | 42.46 | 43.72 | 8.54 |
| 2023 | $31.70B | 5.03 | 8.74 | 3.52 | 80.09 | 43.97 | 43.26 | 5.96 |
| 2022 | $29.18B | 8.86 | 8.31 | 3.79 | 85.09 | 46.73 | 46.29 | 4.74 |
| 2021 | $26.23B | 5.18 | 4.44 | 6.03 | 94.33 | 37.36 | 38.87 | 1.53 |
| 2020 | $22.03B | -6.65 | 2.85 | 5.48 | 98.47 | 34.14 | 34.52 | -3.99 |
| 2019 | $24.99B | 1.14 | 3.01 | 3.51 | 89.02 | 44.71 | 39.08 | -2.23 |
| 2018 | $26.68B | 4.66 | 2.68 | 2.70 | 80.68 | 46.47 | 42.46 | -2.33 |
| 2017 | $25.06B | 3.49 | 1.76 | 2.74 | 89.25 | 45.67 | 40.69 | -27.93 |
| 2016 | $21.08B | 6.22 | 1.70 | 2.98 | 101.94 | 47.49 | 40.27 | -5.06 |