Iceland

Iceland ranks 107th by total output but 6th of 196 on GDP per capita, at US$98,323, with a population of 392,404. On a PPP basis it falls to 16th, at $83,431 international dollars.

The economy rose 2 places in 2025, to sit between Honduras and Georgia. US$ GDP jumped 16.3% to US$38.6 billion, while real growth was only +1.3%; the gap of 15.0 percentage points was mostly exchange-rate and price effects.

Services make up 66.2% of output and industry 20.1%, with manufacturing at 8.5% of GDP and agriculture at 3.7%. Inflation was 4.1% and unemployment 3.6%. Government gross debt stands at 56.7% of GDP, according to the IMF.

The economy is 4.2 times its 2000 size of US$9.1 billion, when it ranked 91st, and is about the size of the Salinas, CA metro area. The IMF projects GDP of US$52.1 billion by 2030, up 35%, which would place Iceland 105th. Reykjavik is the capital.