National Identity

Official name
Republic of Iceland
Coat of arms
National flag
National flag of Iceland
National anthem
Lofsöngur
1:39
Citizens
Icelanders

Geography

Location
Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the United Kingdom
Explore all maps
Total area
Land borders
None
Coastline
4,970 km
Terrain
Mostly plateau interspersed with mountain peaks, icefields; coast deeply indented by bays and fiords
Mean elevation
557 m
Highest point
2,110 mHvannadalshnukur (at Vatnajokull Glacier)
Lowest point
0 mAtlantic Ocean
Climate
Temperatemoderated by North Atlantic Current; mild, windy winters; damp, cool summers
Weather
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Land use2023
Arable1.2%Pasture15.0%Forest0.6%Other82.6%
Natural hazards2026
Coastal floods6.5High#28/191
Earthquakes5.4High#65/191
Epidemics2.2Very low#177/191

Demographics

Population change2026
+1.02% per year+4,063 people/year
World Rank99thof 237
2026
36.6 years
World Rank98thof 237
Age structure2026
0-14 years17.3%15-64 years66.4%65 years +16.3%
2026
1.49 births per woman
replacement 2.1
0123
World Rank171stof 237
0.61 below the replacement level for Iceland ()
0.72 daughters per woman
replacement 1.0
00.511.5
0.28 below replacement, long-run each generation smaller than the last
2026
+4.1 per 1,000 populationfor every 1,000 people, 4.1 more births than deaths a year
2026
+5.0 per 1,000 population
Urbanization2026
94.3% live in cities379,229 urban residents
Largest localities2026
Reykjavík, Keflavík og Njarðvík, Akureyri, Selfoss
Population distribution
Iceland is almost entirely urban, with half of the population located in and around the capital of Reykjavik; smaller clusters are primarily found along the coast in the north and west.
Ethnic groups2024
Icelandic78.7%Polish5.8%Danish1.0%Ukrainian1.0%Other13.5%
Figures count country of birth, not ethnicity.
Religions2024
Evangelical Lutheran Church of Iceland58.6%Roman Catholic3.8%Independent Congregation of Reykjavik2.6%Independent Congregation of Hafnarfjordur1.9%Pagan worship1.5%Icelandic Ethical Humanist Association1.4%Other or unspecified18.7%None7.7%
Languages
Icelandic (Íslenska)

Government & Administration

Form of state
Republic
System of government
Semi-presidential
Territorial organisation
Unitary
Official websites
Capital
Reykjavík135,714 people(2024)
National holidays
14 days in 2026
Time
GMTGreenwich Mean TimeUTC+0
Currency
Icelandic Króna (ISK)
Calling code
+354
Internet TLD
.is
ISO 3166-1 codes
IS, ISL
Infrastructure
Flag carrier
IcelandairPrivately owned
2025
77 / 100
World Rank10thof 182

Economy

High income
GDP growth (real)2026
+1.4% per year
World Rank154thof 195
GDP per capita (PPP)2026
2025
Services66.2% of GDP
Industry20.1% of GDP
Agriculture3.7% of GDP
Manufacturing8.5%part of industry
Inflation2026
5.6%up 1.5 percentage points1.5pp from 2025
Labor force2024
243,133 (62% of population)
World Rank173rdof 187
Labor force participation2024
75.2% of people aged 15+
Unemployment2024
3.6%
Youth unemployment2024
8.8% ages 15 to 24
Labor productivity2024
$66.2 per hour worked at PPP
Labor cost2025
ISK 8,573 per hour$66.75 (USD), $51.46 (PPP)
Budget balance2026
1.4% of GDP deficit
Debt
Government debt202459.1% of GDP
Household debt202372.7% of GDP
Company debt2023123.2% of GDP
Interest on debt20244.1% of GDP
Trade2025
Agricultural products2024
Meat of sheep (fresh or chilled), Raw milk of cattle, Meat of chickens (fresh or chilled), and 5 more
Gold reserves2025
2 tonnesWorth $278.7 million, 4% of total official reserves by value
Industries
  • tourism, fish processing
  • aluminum smelting
  • geothermal power, hydropower

Cost of Living

Cost of living index
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Monthly costs (excluding rent)
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Rent
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Buying an apartment
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Average gross salary2020
€5,558 per month$6,349 (USD), $5,552 (PPP)
2024
ISK 425,985 per month, gross$3,088 (USD), $2,730 (PPP)

Society

2023
0.972Very high
World Rank1stof 193
2019
26.8
Mean years of schooling2023
13.9 years
Education expenditure2022
7.3% of GDP
Internet users2024
98.2% of the population
Mobile subscriptions2024
475,724
Credit-card ownership2021
74% of adults
Refugees hosted2025
8,231 people
Inbound tourists2021latest available
698,000 arrivalsdown 65% against 201965% below 2019Official tourism site
UNESCO World Heritage Sites
3 sites1 cultural2 natural

Crime & Safety

Travel advisory (US)
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Active humanitarian crisisAug 2026
None - no active crisis
Homicide rate2024
2 per 100,000 peopleLow by global standards
Crime rates
6 offence categories
Prison population2023
35.6 per 100,000 people

Health

Health expenditure2024
9% of GDP$7,642 per person
Physicians2023
4.37 per 1,000 population
Hospital beds2020
2.8 per 1,000 population
Infant mortality2026
1.1 per 1,000 live births
Maternal mortality2023
3 per 100,000 live births
Alcohol consumption2022
8.2 litres of pure alcohol per adult per year
Tobacco use2023
9.7% of adults
Road traffic deaths2019
2 per 100,000 population

Environment

CO₂ emissions2024
3.29 Mt per yearup 2.3 percent on the previous year2.3% from 2023
2024
3 µg/m³ of PM2.5
Most polluted204thof 236
Environmental issues
  • water pollution from fertilizer runoff
International agreements
16 of 20 landmark treaties in forceParty to 108 multilateral environmental agreements

Food & Water

No access to safe drinking water2022
0% of the population
Renewable water2022
170 billion m³ per year
Obesity2024
22.2% of adults

Energy

Energy consumption2024
0.12 EJ per yeardown 1.1 percent on the previous year1.1% from 2023total primary energy
Electricity2024
19 TWh generated per year
No electricity trade
Oil, gas & coal
No domestic productionconsumes 21,107 b/d in 2025
Consumption202521,107 b/d

Oil imports and exports count crude oil only.

Defense

Nuclear weapons2026
None - no nuclear arsenal

International Memberships