Iceland
Europe · Icelandic króna (ISK) · 392,400 people
Inflation
4.1%
▼ 1.8 pt vs 2024 · 2025
Interest rate
8.00%
▲ 0.25 pt in Aug 2026
GDP per person
US$98,323
2025
Inflation
Inflation was 4.1% in 2025, down from 5.9% in 2024.
Annual averages, consumer prices. No monthly series is available.
Exchange rates
Closing rates on 6 Oct 2026. Changes are over 30 days.
US$1 in ISK
122.0
▲ +0.7%
€1 in ISK
137.1
▼ −2.7%
£1 in ISK
161.6
▼ −1.4%
¥1 in ISK
0.7719
▼ −0.3%
CN¥1 in ISK
18.21
▲ +0.9%
₹1 in ISK
1.267
▼ −1.2%
Moves are neutral, so they're shown in ink with ▲/▼. All exchange rates
Cost of living
Minimum wage
Monthly, full time · 2024
kr 425,985 a month
about US$3,491
Average annual wage
2025 · US dollars at purchasing power parity
US$100,600
Median household disposable income
2019
kr 5,540,900 a year
Wages and income are OECD figures. Minimum wage from ILOSTAT.
Economy at a glance
GDP per person at PPP
2025 · international dollars
US$83,400
Population
2025
392,400
▲ 1.5% vs 2024
Sources and method
Figures from the World Bank, the Bank for International Settlements, ILOSTAT and the OECD. Exchange rates are daily rates from the European Central Bank and other central banks, via Frankfurter. For guidance only. Read the disclaimer
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