Iceland

Reykjavik · Europe

Population

392K

World Bank, 2025

Area

103,000 km²

GDP

$33.3B

World Bank, 2025

GDP Per Capita

$86,040.531

World Bank, 2025

Life Expectancy

82.6 yrs

World Bank, 2025

Capital

Reykjavik

Iceland is a country located in Europe, with its capital in Reykjavik. As of 2025, it has a population of 392K and covers an area of 103,000 km². The economy of Iceland has a gross domestic product (GDP) of $33.3B (World Bank, 2025), translating to a per-capita income of $86,040.531 with annual economic growth of -1.0%. Life expectancy in Iceland stands at 82.6 years (World Bank, 2025), among the highest in the world. The official language is Icelandic, and the currency is the Icelandic króna (kr). Iceland is an island nation with no land borders.

How Large Is Iceland's Economy?

Iceland's GDP of $33.3B makes it a high-income economy by World Bank classification. GDP per capita of $86,041 is 207% above the regional average of 28,000 (World Bank, 2025). The most recent annual growth rate of -1.0% is below the global median of 3.1% (World Bank, 2025). The unemployment rate of 3.6% is 41% below the regional average of 6.1 (World Bank, 2025). Inflation of 5.9% is moderately elevated above the global median of 3.5%. Iceland's official currency is the Icelandic króna (kr). As a UN member, Iceland participates in multilateral trade frameworks.

GDP

$33.3B

World Bank, 2025

GDP Per Capita

$86,040.531

World Bank, 2025

GDP Growth

-1.0%

Unemployment

3.6%

Inflation

5.9%

Currencies

ISK

What Are Iceland's Demographics?

With 392K people, Iceland is a nation of 392K people. At 4 people per km², the country is sparsely populated. Life expectancy stands at 82.6 years, 10.6 years above the global average of 72 years. Infant mortality of 1.9 per 1,000 live births is 63% below the regional average of 5.1 (World Bank, 2025). The country's official language is Icelandic.

Population

392K

World Bank, 2025

Life Expectancy

82.6 yrs

World Bank, 2025

Infant Mortality

1.9 per 1k

Literacy Rate

—

Languages

Icelandic

CO₂ Per Capita

—

Where Is Iceland Located?

Iceland covers 103,000 km² (40,000 sq miles) and shares no land borders. The country sits within the Europe region, Northern Europe subregion, spanning Europe. Reykjavik serves as the seat of government and administrative capital of Iceland. The country spans 1 time zone. Recognized internationally by ISO codes IS and ISL, Iceland is an independent sovereign state and a full UN member. Its 1 currency (ISK) reflects its participation in multilateral trade and monetary frameworks.

Area

103,000 km²

Region

Europe

Subregion

Northern Europe

Capital

Reykjavik

Timezones

UTC

Continents

Europe

Data sourced from World Bank Open Data. Last updated: March 2026.

Frequently Asked Questions about Iceland

What is the population of Iceland?

Iceland has a population of 392K as of 2025, according to World Bank data. Life expectancy is 82.6 years.

What is the capital of Iceland?

The capital of Iceland is Reykjavik. It serves as the country's administrative and political center.

What is the GDP of Iceland?

Iceland's GDP is $33.3B as of 2025 (World Bank). GDP per capita is $86,040.531. The economy grew at -1.0% in 2025.

What is the life expectancy in Iceland?

The average life expectancy in Iceland is 82.6 years (World Bank, 2025), among the highest in the world. The infant mortality rate is 1.9 per 1,000 live births.

What region is Iceland in?

Iceland is located in Europe, specifically in Northern Europe. It is part of the continent of Europe.

What is the size of Iceland?

Iceland covers an area of 103,000 km² (39,769 square miles). The population density is approximately 3.8 people per km².

What currency does Iceland use?

Iceland uses the Icelandic króna (kr) with currency code ISK.

What language is spoken in Iceland?

The official language of Iceland is Icelandic.

Is Iceland a member of the United Nations?

Yes, Iceland is a member of the United Nations.

What is Iceland's GDP?

Iceland's GDP is $33.3B (World Bank, 2025). This places it among Europe's economies by total output.

What is Iceland's GDP per capita?

Iceland's GDP per capita is $86,041, which is 207% above the regional average of 28,000 (World Bank, 2025).

What is Iceland's inflation rate?

Iceland's inflation rate is 5.9%, moderately elevated above the global median of 3.5% (World Bank, 2025).

What is the population density of Iceland?

Iceland has a population density of 4 people per km², making it sparsely populated.

What is the life expectancy in Iceland?

Life expectancy in Iceland is 82.6 years, 10.6 years above the global average of 72 years (World Bank, 2025).

What is the total area of Iceland?

Iceland has a total land area of 103,000 km² (40,000 sq miles). This measurement covers the country's total sovereign territory as recorded by international geographic databases.

How many countries does Iceland border?

Iceland does not share any land borders with other countries. It is entirely surrounded by water, making it an island or island-group nation.