Official Name: The Republic of Iceland
Sovereign Status: Sovereign Country
Government Type: Parliamentary Republic
Official Name (Local Language): Lydveldid Island
ISO Country Codes: IS : ISL
Internet Domain: .is
Government Web Site:
Capital: Reykjavik Main Airports: Keflavík International Airport
Language(s): Icelandic Population: 354,234
Currency: Iceland Krona ISO Currency Code: ISK
Telephone Dial In: +354 ID Prefix: 00


Government Website:
Sovereign Ratings:
Central Bank: Central Bank of Iceland
Currency USD Exchange Rate: 127.05 Icelandic kronur (ISK) per US dollar (2020 est.)
Unemployment Rate: 3.62% (2019 est.)
Population below poverty line: NA
Inflation Rate: 3% (2019 est.)
Prime Lending Rate: 7% (2019 - World Bank)
GDP: $24.614 billion (2019 est.)
GDP Pro Capita (PPP): $55,874 (2019 est.)
Currency Name: Iceland Krona
Currency Code: ISK
World Bank Classification: High Income

GDP Composition:

Agriculture: 5.9% potatoes, carrots, green vegetables, tomatoes, cucumbers; mutton, chicken, pork, beef, dairy products; fish
Industry: 20.4% tourism, fish processing; aluminum smelting;; geothermal power, hydropower; medical/pharmaceutical products
Services: 73.7%

Source: Central Intelligence Agency Factbook

Financial Exchanges:
Stock & Securities Exchange: Nasdaq Iceland ;

National Statistics Office:

National Dataset(s):


Subject to Country Specific Sanctions? NO

The World Bank’s World Integrated Trade Solution

Business Language(s): English; Icelandic
Customs & Excise: Directorate of Customs
Development Bank(s): The Social Development Bank in Europe;
National Standards Bureau: Icelandic Standards
Competitive Ind’l Performance: 26/141 (2019) Corruption Perceptions Index: 17/180 (2020)
Ease of Doing Business: 26/190 (2019) Enabling Trade Index: 19/136 (2016)
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Export Promotion Agency: Promote Iceland ; Investment Agency: Invest in Iceland ;