Demographics

Demographics of Iceland in 2023 - Structure, Labor, Regional Trends

Last Updated: October 30, 2023

Executive Summary

Iceland - Population Growth

Note: % | Forecast After 2023 (UN, Statistics Office, Local Agency)

Population Structure

The population demographic data has been updated to October 2023 based primarily on the United Nations population database, with some countries using their own statistical agencies. All data listed is from 2022 (unless otherwise noted).

Population +

2 k people

Birth

5 k people

Death

3 k people

Net Migration

0 k people

Iceland - Population Growth Drivers

Note: % | forecast after 2023

Iceland - Age Structure - Historical & Forecast

Note: % | forecast after 2023

Natural Growth

5.5 ‰

Net Migration

1 ‰

Young Dependency

29.6 %

Old Dependency

24.8 %

Iceland - Median Age

Note: Age

Iceland - Demographic Structure

Source: UN Population; OOSGA Analytics

Culture Brief

Races

Icelandic 81.7%, Polish 5.6%, Danish 1%, other 11.7% (2020 est. by CIA)

Language Used

Icelandic, English, Nordic languages, German

Religion

Evangelical Lutheran Church of Iceland (official) 62.3%, Roman Catholic 4%, Reykjavik Free Church 2.7%, Hafnarfjordur Free Church 2%, pagan worship 1.4%, Icelandic Ethical Humanist 1.1%, other religions 4% (includes Zuist and Pentecostal), none 7.6%, other or unspecified 15% (2021 est. by CIA)

Iceland - Education

Note: %

Iceland - Education Comparison (Tertiary Education)

Note: %

Labor Brief

Iceland - Labor Participation Rate

Note: %

Iceland - Labor Participation by Groups

Note: %

Iceland - Labor Participation By Sectors

Note: %

Regional Brief

Iceland - Population in Key Regions

Iceland - GDP Per Capita in Key Regions

Reference

Population project by age group: UN population database | Data after 2022 is estimated/forecasted | Forecasted with medium variant
Currency: nominal USD, unless otherwise specified. | IMF
Economic projection: OECD, IMF, EIU, Local Government
Culture, ethnicities, languages: CIA Factbook
Education: World Bank
Labor Participation: ILO, OOSGA.org
Data Aggregation & Calculation: OOSGA.org
Analysis: Economic Team

Author: Economic Team

We track the latest economic developments from spending, retail, real estate to demographics in major economics around the world.

Demographics of Iceland in 2023 - Structure, Labor, Regional Trends

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Population

TFR

Median Age

Dependency Ratio

Life Expectancy

Net Migration Rate

Executive Summary

Iceland - Population Growth

Population Structure

Population +

Birth

Death

Net Migration

Natural Growth

Net Migration

Young Dependency

Old Dependency

Culture Brief

Labor Brief

Regional Brief