Population: 323 thousand in 20131
GDP: $14.6 billion in 20132
GDP per capita: $47,461 nominal3 ($39,996 PPP4) in 2013
GDP growth rate: 3.5% in 20135
GDP by Industry 20126
| Industry sector | Value added ($ millions) 2012 | Percent of total |
| Other activities | 5,591 | 45.5% |
| Manufacturing | 1,785 | 14.5% |
| Wholesale, retail trade, restaurants and hotels | 1,380 | 11.2% |
| Transport, storage and communication | 1,180 | 9.6% |
| Agriculture, hunting, forestry, fishing | 1,014 | 8.3% |
| Mining and utilities | 793 | 6.5% |
| Construction | 541 | 4.4% |
| Total value added | 12,285 | 100% |
Unemployment rate: 5.6% in 20137
Employment by Industry 20138
| Employment sector | Employees (thousands) 2013 | Percent of total |
| Wholesale trade, retail trade and repair of motor vehicles | 24 | 13.6% |
| Human health and social work | 20 | 11.8% |
| Education | 20 | 11.6% |
| Manufacturing | 20 | 11.4% |
| Construction | 11 | 6.1% |
| Professional, scientific and technical | 10 | 5.7% |
| Accommodation and food service | 10 | 5.8% |
| Public administration and defence | 9 | 5.1% |
| Transportation and storage | 9 | 5.3% |
| Agriculture, forestry and fishing | 8 | 4.4% |
| Finance and insurance | 7 | 4.1% |
| Information and communication | 7 | 4.2% |
| Arts, entertainment and recreation | 6 | 3.4% |
| Administrative and support service | 5 | 3.0% |
| Other service | 4 | 2.5% |
| Not elsewhere classified | 1 | 0.4% |
| Real estate | 1 | 0.5% |
| Water supply, sewerage and waste management | 1 | 0.4% |
| Electricity, gas, steam and air conditioning | 1 | 0.7% |
| Extraterritorial organizations and bodies | 0 | 0.1% |
| Mining and quarrying | 0 | 0.0% |
| Total employment | 173 | 100% |
Top 10 Corporations by Revenue 20139
N/A
Household Wealth: $93 billion (636% of GDP) in 201410
Household Wealth per Adult: $362,982 in 201410
Gini Coefficient: .263 in 201011
Central Government
Central Government Revenue: $6.2 billion (42% of GDP) in 201312
Central Government Expenditure: $6.5 billion (44% of GDP) in 201312
Central Government Budget Balance: -$0.3 billion (-2% of GDP) in 201312
Central Government Public Debt: $15.0 billion (103% of GDP) in Nov 2014* 13
Central Government 10 Year Bond Interest Rate: 6.15% on Feb 11, 201514
* Public debt calculated using the exchange rate 132 ISK = 1 USD
Government Funds
N/A
Tax Structure
Individual Income Tax Rates and Thresholds in 2013* 15
Corporate Tax Rate: 20% in 201416
* Individual thresholds calculated using the exchange rate 132 ISK = 1 USD
Money Supply (M1): $3.7 billion (25% of GDP) in Dec 2014* 17
Benchmark Interest Rate: 5.75% in Nov 201418
Total Reserves: $4.0 billion (27% of GDP) in 201319
Exchange Rate: 132 Icelandic Kronas = 1 U.S. Dollar Feb 11, 201520
Inflation: 3.9% in 201321
* Money supply calculated using the exchange rate 132 ISK = 1 USD
Top 10 Financial Institutions by Assets 201322
N/A (data not available at Relbanks.com)
Exports: $5.2 billion (36% of GDP) in 201323
Imports: $4.5 billion (31% of GDP) in 201323
Trade Balance: +$0.8 billion (+5% of GDP) in 201323
Foreign Direct Investment Inflow: $468 million (3% of GDP) in 201324
Foreign Direct Investment Outflow: N/A
Foreign Aid Inflow: N/A
Foreign Aid Outflow: N/A
1. Source: World Bank Indicators (Population) Go back
2. Source: World Bank Indicators (GDP) Go back
3. Source: World Bank Indicators (GDP per capita) Go back
4. Source: World Bank Indicators (GDP per capita PPP) Go back
5. Source: World Bank Indicators (GDP growth rate) Go back
6. Source: United Nations Statistics Division (GDP by industry) Go back
7. Source: World Bank Indicators (Unemployment rate) Go back
8. Source: International Labor Organization, ILOSTAT, Downloads (Employment by economic activity) Go back
9. Source: Annual reports (Corporate data) Go back
10. Source: Credit Suisse Global Wealth Databook (Household wealth) Go back
11. Source: World Bank Indicators (Gini coefficient) Go back
12. Source: CIA World Factbook (Government budget) Go back
13. Source: IMF Dissemination Standards Bulletin Board, Access National Summary Data (Public debt) Go back
14. Source: Investing.com (Government bond yield) Go back
15. Source: OECD Stats, Public Sector, Taxation, Tax Database (Individual tax rates) Go back
16. Source: Tax Foundation (Corporate tax rate) Go back
17. Source: Yahoo Finance (Money supply) Go back
18. Source: IceNews (Benchmark interest rate) Go back
19. Source: World Bank Indicators (Total reserves) Go back
20. Source: Yahoo Finance (Exchange rate) Go back
21. Source: World Bank Indicators (Inflation rate) Go back
22. Source: Relbanks.com (Financial institutions by assets) Go back
23. Source: CIA World Factbook (Trade data) Go back
24. Source: World Bank Indicators (FDI data) Go back