Iceland

Country in Europe

In brief

GDP per person: $98,323 (2025). World rank 9 of 210 (1 = best); in Europe, 6 of 47. Gross national income per person: $89,220 (2025). World rank 5 of 201 (1 = best); in Europe, 4 of 45. Price level, USA = 100: 118 (2025). World rank 3 of 198; in Europe, 1 of 44. From 2015 to 2025: GDP $17.7B → $38.6B, GDP per person $53,506 → $98,323, and GDP per person at purchasing power parity $49,716 → $83,431.

Size and growth

GDP: $38.6B 2025
GDP per person: $98,323 2025
GDP per person at purchasing power parity: $83,431 2025
GDP growth per year: +1.3% 2025

Income and prices

Income level (World Bank): High income
Gross national income per person: $89,220 2025
Inflation: +4.1% 2025
Price level, USA = 100: 118 2025

Structure and jobs

Agriculture, share of GDP: 3.7% 2025
Industry, share of GDP: 20.1% 2025
Services, share of GDP: 66.2% 2025
Unemployment: 3.6% 2025
Youth unemployment, ages 15–24: 8.7% 2025
Women in work or seeking work: 70% 2025

Trade and finance

Exports, share of GDP: 40.1% 2025
Imports, share of GDP: 42.4% 2025
Current account balance, share of GDP: -3.9% 2025
Foreign direct investment, share of GDP: -2.2% 2025
Remittances received, share of GDP: 0.7% 2025
Tax revenue, share of GDP: 23.2% 2023
Currency: Icelandic Króna (ISK)

Poverty and inequality

Gini index (0 = full equality): 26.8 2019
Living on under $3 a day: 0.1% 2019