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Iceland

ISL · Europe

Halla Tómasdóttir

Identity

Regime

parliamentary republic

Capital

Reykjavik

Population

391,810

Area

103,000 km²

Currency

ISK

Executive

Head of State

Halla Tómasdóttir
2024

Head of Government

Kristrún Mjöll Frostadóttir
2024

Cabinet (size)

Parliament

63 seats
1 chamber(s)

Governance

V-Dem (0-1)

0.81
#26

Freedom House

95/100
Free

CPI corruption

77/100
#10

Press RSF

82/100
#12

Economy

GDP (B$)

39 Md$
2025

GDP / capita

98,323 $
2025

Growth %

1.3 %
2025

Inflation %

4.1 %
2025

Unemployment %

3.6 %
2025

Defense & nuclear

Defense budget

—

Nuclear posture

—

Listed military units

International posture

Sanctions

—

Chokepoints

—

Alliances

UN · NATO · Schengen Area · OECD · WTO · Council of Europe · OSCE · EFTA · Nordic Council

Alignment USA · RUS · CHN

86% · 12% · 22%
UN vote

Treaties ratified (of 10)

—