Iceland flag

Iceland

Capital

Reykjavik

Region

Europe

Population

391,810

Area (km²)

103,000

💡Quick Summary

Iceland, a Nordic island nation in Europe with a population of about 392,000, spans 103,000 km² and boasts Reykjavik as its vibrant capital, blending modern culture with stunning natural landscapes. Renowned for its geothermal energy, volcanoes, and glaciers, it's a leader in renewable resources and offers a high quality of life amid dramatic scenery. Despite its small size, Iceland punches above its weight in global affairs, from environmental policies to creative industries like music and literature.

Key Insights

High Urbanization in a Sparsely Populated Nation

Despite its small overall population and vast land area, a significant majority of Icelanders reside in urban areas. This high urbanization rate suggests a concentration of economic activity and services in specific centers, likely due to geographical and climatic factors.

Low Fertility Rate Below Replacement Level

Iceland's fertility rate is significantly below the replacement level, indicating a potential long-term demographic challenge for population stability. This trend could lead to an aging population and future labor force considerations.

Remarkably Low Infant Mortality Rate

Iceland demonstrates an outstandingly low infant mortality rate, which is indicative of a highly effective healthcare system and strong maternal and child welfare programs. This figure is among the lowest in the world, highlighting a significant public health achievement.

High Life Expectancy and Access to Electricity

The population of Iceland enjoys a very high life expectancy, reflecting excellent living conditions and healthcare. This is further supported by universal access to electricity, indicating a highly developed infrastructure and quality of life.

Economic Indicators
Latest economic data from World Bank

GDP (Current US$)

$31.68B

Year: 2023

GDP Per Capita

$82,138.79

GDP Growth (%)

5.19%

Inflation (%)

8.74%

Unemployment (%)

3.52%

Debt to GDP (%)

80.16%

Source: World Bank • Last updated: 12/24/2025

Historical Trends & Data Visualizations

GDP Growth Rate
Annual percentage change in GDP over time
2014201520162017201820192020202120222023-10.00%-5.00%0.00%5.00%10.00%
  • GDP Growth (%)
Population Growth
Total population over time
20142015201620172018201920202021202220230100,000200,000300,000400,000
  • Population
Life Expectancy
Average life expectancy at birth (years)
20142015201620172018201920202021202220230.0years25.0years50.0years75.0years100.0years
  • Life Expectancy (years)
Renewable Energy Consumption
Percentage of total energy from renewable sources
201420152016201720182019202020210.0%25.0%50.0%75.0%100.0%
  • Renewable Energy (%)
GDP Per Capita
Economic output per person (current US$)
2014201520162017201820192020202120222023$0$25,000$50,000$75,000$100,000
  • GDP Per Capita ($)

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