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Iceland

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Country statistical profile

Further country information

Selected indicators for Iceland

Population

Population, Million persons, 2002-2022

0.4 million

Growth rate: <%population-growth-rate%>%

Income inequality

Income inequality, 0 = complete equality; 1 = complete inequality, latest available year

Education

Mathematics performance (PISA), Mean score, 2018
Reading performance (PISA), Mean score, 2018
Science performance (PISA), Mean score, 2018

CO2 emissions

Air and GHG emissions, Carbon dioxide (CO2), latest available year

4.2 tonnes per capita

GDP

Gross domestic product (GDP), US dollars/capita, 2022
Real GDP forecast, Annual growth rate (%), 2024

69 390 US$ per capita

Projected growth rate: 2.6%

Debt

General government debt, % of GDP, 2013

Government debt:
106.9 % of GDP

Tax

Tax on personal income, % of GDP, 2021

Tax on personal income:
14.5 % of GDP

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Country profile of Iceland

AgricultureLatestTrendRanking
Agricultural landIndicator 1 467.92 Permanent pasture
Thousand hectares
2021
Iceland Thousand hectares 		Permanent pasture
Thousand hectares
2002-2021
Iceland (red) 		Permanent pasture
Thousand hectares
2021
Iceland (red)
Agricultural supportIndicator 58.0 Producer support (PSE)
% of gross farm receipts
2021
Iceland % of gross farm receipts 		Producer support (PSE)
% of gross farm receipts
2002-2021
Iceland (red), OECD - Total (black)
Crop productionIndicator
Fish landingsIndicator 1 252 105.8 National landings in domestic ports
Tonnes
2018
Iceland Tonnes 		National landings in domestic ports
Tonnes
1998-2018
Iceland (red), OECD - Total (black) 		National landings in domestic ports
Tonnes
2020
Nutrient balanceIndicator 7.6 Nitrogen
Kilograms/hectare
2021
Iceland Kilograms/hectare 		Nitrogen
Kilograms/hectare
2002-2021
Iceland (red) 		Nitrogen
Kilograms/hectare
2019
Iceland (red)

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DevelopmentLatestTrendRanking
Distribution of net ODAIndicator 23.3 Least developed countries
Million US dollars
2021
Iceland Million US dollars 		Least developed countries
Million US dollars
2002-2021
Iceland (red), DAC Countries (black) 		Least developed countries
Million US dollars
2021
Iceland (red), DAC Countries (black)
Grants by private agencies and NGOsIndicator
Net ODAIndicator 0.3 ODA grant equivalent
% of gross national income
2022
Iceland % of gross national income 		ODA grant equivalent
% of gross national income
2018-2022
Iceland (red), DAC Countries (black) 		ODA grant equivalent
% of gross national income
2022
Iceland (red), DAC Countries (black)
Private flowsIndicator 61.5 Total
Million US dollars
2019
Iceland Million US dollars 		Total
Million US dollars
2015-2019
Iceland (red), DAC Countries (black) 		Total
Million US dollars
2020
DAC Countries (black)
Total official and private flowsIndicator 70.8 Total
Million US dollars
2021
Iceland Million US dollars 		Total
Million US dollars
2002-2021
Iceland (red), DAC Countries (black) 		Total
Million US dollars
2021
Iceland (red), DAC Countries (black)

Find all indicators on Development

EconomyLatestTrendRanking
Composite leading indicator (CLI)Indicator
Household disposable incomeIndicator
Labour compensation per hour workedIndicator 7.5 Total
Annual growth rate (%)
2022
Iceland Annual growth rate (%) 		Total
Annual growth rate (%)
2003-2022
Iceland (red) 		Total
Annual growth rate (%)
2021
Iceland (red)
Net national incomeIndicator
Trade in goods and servicesIndicator 46.3 Exports
% of GDP
2022
Iceland % of GDP 		Exports
% of GDP
2003-2022
Iceland (red) 		Exports
% of GDP
2022
Iceland (red)

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EducationLatestTrendRanking
Education spendingIndicator 16 128 Tertiary
US dollars/student
2020
Iceland US dollars/student 		Tertiary
US dollars/student
2000-2020
Iceland (red) 		Tertiary
US dollars/student
2020
Iceland (red)
Mathematics performance (PISA)Indicator 490 Boys
Mean score
2018
Iceland Mean score 		Boys
Mean score
2003-2018
Iceland (red), OECD - Average (black) 		Boys
Mean score
2018
Iceland (red), OECD - Average (black)
Reading performance (PISA)Indicator 454 Boys
Mean score
2018
Iceland Mean score 		Boys
Mean score
2000-2018
Iceland (red), OECD - Average (black) 		Boys
Mean score
2018
Iceland (red), OECD - Average (black)
Science performance (PISA)Indicator 471 Boys
Mean score
2018
Iceland Mean score 		Boys
Mean score
2006-2018
Iceland (red), OECD - Average (black) 		Boys
Mean score
2018
Iceland (red), OECD - Average (black)
Youth not in employment, education or training (NEET)Indicator 5.9 15-19 year-old men
% in same age group
2022
Iceland % in same age group 		15-19 year-old men
% in same age group
2003-2022
Iceland (red), OECD - Average (black) 		15-19 year-old men
% in same age group
2022
Iceland (red), OECD - Average (black)

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EnergyLatestTrendRanking
Crude oil productionIndicator 0.0 Total
Thousand toe
2021
Iceland Thousand toe 		Total
Thousand toe
2002-2021
Iceland (red) 		Total
Thousand toe
2021
Iceland (red)
Infrastructure investmentIndicator 104 314 547.66 Road
Euro
2021
Iceland Euro 		Road
Euro
2002-2021
Iceland (red) 		Road
Euro
2021
Iceland (red)
Passenger transportIndicator 6 316.0 Road
Million passenger-kilometres
2020
Iceland Million passenger-kilometres 		Road
Million passenger-kilometres
2001-2020
Iceland (red) 		Road
Million passenger-kilometres
2013
Iceland (red)
Primary energy supplyIndicator 0.31 Total
Toe/1 000 US dollars
2022
Iceland Toe/1 000 US dollars 		Total
Toe/1 000 US dollars
2003-2022
Iceland (red) 		Total
Toe/1 000 US dollars
2022
Iceland (red)
Road accidentsIndicator 2 Deaths
Per 1 000 000 inhabitants
2021
Iceland Per 1 000 000 inhabitants 		Deaths
Per 1 000 000 inhabitants
2002-2021
Iceland (red) 		Deaths
Per 1 000 000 inhabitants
2021
Iceland (red)

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EnvironmentLatestTrendRanking
Air and GHG emissionsIndicator 4.2 Carbon dioxide (CO2)
Tonnes/capita
2021
Iceland Tonnes/capita 		Carbon dioxide (CO2)
Tonnes/capita
2002-2021
Iceland (red), OECD - Total (black) 		Carbon dioxide (CO2)
Tonnes/capita
2021
Iceland (red), OECD - Total (black)
Municipal wasteIndicator 614.0 Total
Kilograms/capita
2020
Iceland Kilograms/capita 		Total
Kilograms/capita
2000-2020
Iceland (red), OECD - Total (black) 		Total
Kilograms/capita
2020
Iceland (red), OECD - Total (black)
Water withdrawalsIndicator 165.0 Total
Million m3
2005
Iceland Million m3 		Total
Million m3
2020

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FinanceLatestTrendRanking
Broad money (M3)Indicator 150.91 Total
2015=100
Jul-2023
Iceland 2015=100 		Total
2015=100
Dec-2021-Jul-2023
Iceland (red), OECD - Total (black) 		Total
2015=100
Dec-2018
Iceland (red), OECD - Total (black)
Long-term interest ratesIndicator 5.9 Total
% per annum
Aug-2022
Iceland % per annum 		Total
% per annum
Jan-2021-Aug-2022
Iceland (red) 		Total
% per annum
Jul-2023
Net pension replacement ratesIndicator 59.7 Men
% of pre-retirement earnings
2020
Iceland % of pre-retirement earnings 		Men
% of pre-retirement earnings
2014-2020
Iceland (red), OECD - Total (black) 		Men
% of pre-retirement earnings
2020
Iceland (red)
Net pension wealthIndicator 10.6 Men
Multiple of annual gross earnings
2020
Iceland Multiple of annual gross earnings 		Men
Multiple of annual gross earnings
2014-2020
Iceland (red), OECD - Total (black) 		Men
Multiple of annual gross earnings
2020
Iceland (red)
Short-term interest ratesIndicator 9.8 Total
% per annum
Aug-2023
Iceland % per annum 		Total
% per annum
Jan-2022-Aug-2023
Iceland (red), Euro area (19 countries) (black) 		Total
% per annum
Aug-2023
Iceland (red), Euro area (19 countries) (black)

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GovernmentLatestTrendRanking
General government spendingIndicator 49.3 Total
% of GDP
2021
Iceland % of GDP 		Total
% of GDP
2002-2021
Iceland (red) 		Total
% of GDP
2021
Iceland (red)
Government reservesIndicator 2 832.2 Total
SDR millions
Q4-2014
Iceland SDR millions 		Total
SDR millions
Q1-2010-Q4-2014
Iceland (red) 		Total
SDR millions
Q4-2014
Iceland (red)
Tax on corporate profitsIndicator 2.0 Total
% of GDP
2021
Iceland % of GDP 		Total
% of GDP
2002-2021
Iceland (red), OECD - Average (black) 		Total
% of GDP
2021
Iceland (red)
Tax revenueIndicator 35.1 Total
% of GDP
2021
Iceland % of GDP 		Total
% of GDP
2002-2021
Iceland (red), OECD - Average (black) 		Total
% of GDP
2021
Iceland (red), OECD - Average (black)
Tax wedgeIndicator 32.5 Total
% of labour cost
2022
Iceland % of labour cost 		Total
% of labour cost
2003-2022
Iceland (red), OECD - Average (black) 		Total
% of labour cost
2022
Iceland (red), OECD - Average (black)

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HealthLatestTrendRanking
Health spendingIndicator 5 314 Total
US dollars/capita
2022
Iceland US dollars/capita 		Total
US dollars/capita
2003-2022
Iceland (red) 		Total
US dollars/capita
2022
Iceland (red)
Hospital bedsIndicator 2.8 Total
Per 1 000 inhabitants
2020
Iceland Per 1 000 inhabitants 		Total
Per 1 000 inhabitants
2007-2020
Iceland (red), OECD - Total (black) 		Total
Per 1 000 inhabitants
2021
Length of hospital stayIndicator 5.60 Acute care
Days
2022
Iceland Days 		Acute care
Days
2007-2022
Iceland (red) 		Acute care
Days
2021
Iceland (red)
Life expectancy at birthIndicator 81.8 Men
Years
2021
Iceland Years 		Men
Years
2002-2021
Iceland (red) 		Men
Years
2021
Iceland (red)
Overweight or obese populationIndicator

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Innovation and TechnologyLatestTrendRanking
Gross domestic spending on R&DIndicator 2.8 Total
% of GDP
2021
Iceland % of GDP 		Total
% of GDP
2001-2021
Iceland (red), OECD - Total (black) 		Total
% of GDP
2021
Iceland (red), OECD - Total (black)
ICT value addedIndicator 4.3 Total
% of value added
2011
Iceland % of value added 		Total
% of value added
2011
Iceland (red), OECD - Total (black)
Internet accessIndicator 98.4 Total
% of all households
2021
Iceland % of all households 		Total
% of all households
2005-2021
Iceland (red), OECD - Total (black) 		Total
% of all households
2022
OECD - Total (black)
Mobile broadband subscriptionsIndicator
Triadic patent familiesIndicator 2.6 Total
Number
2020
Iceland Number 		Total
Number
2001-2020
Iceland (red), OECD - Total (black) 		Total
Number
2020
Iceland (red), OECD - Total (black)

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JobsLatestTrendRanking
Average wagesIndicator 79 473.4 Total
US dollars
2022
Iceland US dollars 		Total
US dollars
2003-2022
Iceland (red), OECD - Total (black) 		Total
US dollars
2022
Iceland (red), OECD - Total (black)
Employment rateIndicator 83.5 Total
% of working age population
Q1-2023
Iceland % of working age population 		Total
% of working age population
Q2-2018-Q1-2023
Iceland (red), OECD - Total (black) 		Total
% of working age population
Q1-2023
Iceland (red), OECD - Total (black)
Hours workedIndicator 1 449 Total
Hours/worker
2022
Iceland Hours/worker 		Total
Hours/worker
2003-2022
Iceland (red), OECD - Total (black) 		Total
Hours/worker
2022
Iceland (red), OECD - Total (black)
Long-term unemployment rateIndicator 13.5 Total
% of unemployed
2022
Iceland % of unemployed 		Total
% of unemployed
2003-2022
Iceland (red), OECD - Total (black) 		Total
% of unemployed
2022
Iceland (red), OECD - Total (black)
Self-employment rateIndicator

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SocietyLatestTrendRanking
Fertility ratesIndicator 1.82 Total
Children/woman
2021
Iceland Children/woman 		Total
Children/woman
2002-2021
Iceland (red), OECD - Average (black) 		Total
Children/woman
2021
Iceland (red), OECD - Average (black)
National population distributionIndicator 0.0 Urban regions
Percentage
2014
Iceland Percentage 		Urban regions
Percentage
2014
Iceland (red)
Permanent immigrant inflowsIndicator
Poverty rateIndicator 0.05 Total
Ratio
2017
Iceland Ratio 		Total
Ratio
2004-2017
Iceland (red) 		Total
Ratio
2020
Social spendingIndicator 20.8 Public
% of GDP
2022
Iceland % of GDP 		Public
% of GDP
2003-2022
Iceland (red), OECD - Total (black) 		Public
% of GDP
2022
Iceland (red), OECD - Total (black)

Find all indicators on Society

Publications related to Iceland

OECD Economic Surveys: Iceland 2023Publication (2023)
International Trade by Commodity Statistics, Volume 2023 Issue 2Publication (2023)
OECD Quarterly International Trade Statistics, Volume 2022 Issue 4Publication (2023)
International Trade by Commodity Statistics, Volume 2021 Issue 2Publication (2021)

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