| 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: | https://www.government.is/ |
| 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: | https://www.government.is/ |
| Sovereign Ratings: | https://countryeconomy.com/ratings/iceland |
| 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% |
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) |
| Global Trade Alert | Search ITC's Lega Carta |
| World Bank Logistics Performance Index |
N/A
Export Promotion Agency: Promote Iceland ; Investment Agency: Invest in Iceland ;
N/A
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