Iceland: Population, Economy & Travel Facts
Essential data for planning your trip to Iceland — from population and demographics to economic indicators, healthcare infrastructure, tourism trends, and digital connectivity.
Population & Geography
Population
353,574
#173 of 197 countries
Area
103,000 km²
#109 of 248 countries
Density
3.4 / km²
#235 of 245 countries
Iceland has a population of 353,574 spread across 103,000 km², giving it an average density of 3.4 people per km². With such low density, expect wide open spaces and a sense of remoteness outside major cities.
Most Populous Cities
Demographics
Median Age
38.2
Life Expectancy
84.0 yrs
Government
unitary parliamentary republic
Ethnic Groups
Religions
GDP by Sector
Economy & Cost of Living
Understanding the local economy helps travellers budget effectively and set expectations. Iceland is classified as a high income country by the World Bank. Prices are roughly 101% of US levels, meaning this is an expensive destination where budgeting carefully is advisable.
Income Level
High income
GDP per Capita
$82,139
Cost of Living
101%
of US
Inflation
8.7%
Inequality
26.6
Low