economy
Iceland generates almost all of its electricity from renewable sources, mostly geothermal and hydropower, thanks to its volcanic geology.
Iceland
Iceland
Population, GDP, and key facts about Iceland — updated for 2026.
Capital · REYKJAVIKContinent · EUROPEISO · ISL
Iceland quick facts
- Population
- 386,506
- Area
- 103,000 km²
- Population density
- 4 people/km²
- GDP
- US$ 33.2 Billion
- GDP per capita
- US$ 85.9K
- Capital
- Reykjavik
- Currency
- Icelandic króna (kr, ISK)
- Minimum wage
- US$ 3.1K/month · kr 425,985/month (2024)
- Language
- Icelandic
Iceland at human scale
Where does Iceland rank in the world?
Compare Iceland with other countries
🇮🇸 vs 🇫🇴Compare Iceland vs Faroe Islands7.1× difference in population🇮🇸 vs 🇪🇪Compare Iceland vs Estonia3.6× difference in population🇮🇸 vs 🇧🇸Compare Iceland vs Bahamas, The
Compare Iceland with any country →Iceland's energy mix
Renewables · 100%
- Hydropower71%
- Other renewables29%
- Wind0%
- Solar0%
Share of Iceland's own electricity generation by source, 2024. Source: Our World in Data (Ember Yearly Electricity Data and the Energy Institute Statistical Review of World Energy).
Everything we know about Iceland
nature
Iceland sits directly on the Mid-Atlantic Ridge, where the North American and Eurasian tectonic plates are slowly pulling apart, visibly widening the island a few centimeters each year.
Countries near Iceland
How many countries do you think Iceland could fit?
Pour other countries into Iceland's own outline, by real area, and see how many it takes to fill it up.
Fill the Country →Frequently asked questions about Iceland
What is the capital of Iceland?
The capital of Iceland is Reykjavik.
What is Iceland's population?
Iceland has a population of 386,506.
What is Iceland's GDP per capita?
Iceland's GDP per capita is US$ 85.9K.
What is the currency of Iceland?
The currency of Iceland is the Icelandic króna (ISK).
What is the minimum wage in Iceland?
Iceland's statutory minimum wage is about US$ 3.1K per month (as of 2024) — kr 425,985 per month in local currency.
Is Iceland bigger than Faroe Islands?
Iceland is about 7.9× the size of Faroe Islands by land area.
Data from the World Bank, updated November 2026.