Iceland — Country Profile & National Debt
An overview of Iceland covering geography, demographics, economy, culture, political status, and practical information, sourced from World Bank and REST Countries open data.
These figures are estimates based on public statistics and may differ from actual values.
About Iceland
The capital of Iceland is Reykjavik. It has a population of approximately 392K. The country covers an area of 103,000 km². It is located in Northern Europe.
Reykjavík is the northernmost capital city of a sovereign state in the world.
Geography
Iceland is a country in Northern Europe, part of the Europe region. It covers an area of approximately 103,000 km². It has direct access to the sea along its coastline.
Demographics & Languages
Iceland has a population of approximately 391,810 people. Population density is around 3.8 people per km². Its officially recognised languages include Icelandic, totalling 1 language. People from this country are referred to as Icelander.
Economy Overview
As of 2024, Iceland reports a nominal GDP of about $33.3 billion. Government debt stood at roughly 80.2% of GDP in 2023. The official currency is the Icelandic króna (ISK, symbol kr). The current exchange rate is approximately 1 USD = 123.13 ISK.
Culture & Time
Iceland operates on a single time zone (UTC). The local week is considered to start on Monday. Its country-code top-level domain (ccTLD) is.is.
Government & Status
The capital of Iceland is Reykjavik. It is internationally recognised as an independent sovereign state. The country is a member state of the United Nations.
Practical Information
Traffic drives on the right. The international dialling code is +354. Its FIFA country code is ISL, and its ISO 3166-1 alpha-2 code is IS.
Data Sources & Methodology
GDP and debt-to-GDP figures on this page are pulled from the most recent available year of World Bank open statistics. The real-time debt estimate is computed by multiplying total debt (GDP × debt ratio) by World Bank's real interest rate (or a 4% fallback when unavailable) and dividing across each second of a year. Exchange rates refresh hourly via open.er-api.com, and country-level metadata such as languages, time zones, borders, and domains is fetched from REST Countries every 24 hours. All values are estimates derived from public datasets and may differ from official figures.