Europe 0.4M peopleISL Capital: Reykjavik
Moving to Iceland
Digital Nomad Visa AvailableWhile living in Iceland comes with a higher tax burden of 31.5%, expats often benefit from its robust social infrastructure and high quality of life. It hosts a vibrant and diverse expat community, notably drawing a significant number of residents from Poland.
Quick Facts
GDP per Capita (PPP)
$84,256.9USD
Adjusts for purchasing power parity.
Life Expectancy
82.6years
WHO Data. UHC Index: 90/100.
Unemployment
3.6%
ILO Estimate. Indicates job market health.
Safety — Homicides
1.3per 100k
World Bank Crime Data. Lower is safer.
Inflation Rate
5.9%
Annual CPI. Indicates recent price stability.
Happiness Index
7.54/ 10
World Happiness Report (Cantril Ladder).
Politics & Power
Government System
parliamentary republic
Head of State: Halla Tómasdóttir
Head of Gov: Kristrún Mjöll Frostadóttir
Ruling Party
Social Democratic Alliance, independent politician
Society & Demographics
Gender Distribution
Male 51.2%
Female 48.8%
Connectivity
98.2%
Internet Users
Language
--/800
EF English Proficiency
Inequality
26.8/ 100
GINI Index (Lower is more equal)
Equality
46.0%
Women in Parliament
Aging Society
15.6%
Population over 65 years old
Migration
+4,630
Net Migration (5-yr total)
Economic Freedom Score
Evaluated across 12 quantitative factors by the Heritage Foundation. Scores span 0–100, where higher scores indicate greater economic liberty, lighter tax burdens, and stronger property rights.
Overall Economic Freedom
75.0 / 100Property Rights
94.9 / 100Judicial Effectiveness
95.2 / 100Government Integrity
85.0 / 100Tax Burden Score
72.2 / 100Government Spending
37.0 / 100Fiscal Health
76.2 / 100Business Freedom
86.8 / 100Labor Freedom
59.3 / 100Monetary Freedom
73.5 / 100Trade Freedom
79.8 / 100Investment Freedom
70.0 / 100Financial Freedom
70.0 / 100Climate Profile (Reykjavik)
Jan
0 °C
min -6°8 snow, 6 rain
Feb
4 °C
min 0°15 snow, 10 rain
Mar
1 °C
min -4°2 snow, 4 rain
Apr
7 °C
min 2°4 snow, 15 rain
May
9 °C
min 5°3 snow, 26 rain
Jun
11 °C
min 7°17 rain days
Jul
14 °C
min 8°3 rain days
Aug
14 °C
min 9°12 rain days
Sep
11 °C
min 6°14 rain days
Oct
7 °C
min 2°4 snow, 13 rain
Nov
4 °C
min 1°4 snow, 7 rain
Dec
0 °C
min -4°12 snow, 3 rain