Iceland

On this page you will find beneficial information regarding foreign direct investment in / trading with Iceland. If you are interested in exploring trade or investment possibilities in the country, feel free to contact the International Trade Council team. Additionally, we encourage you to engage with the official government investment agency featured on this page.

It is important to note that while the statistics presented on this page were understood to be accurate at the time of publication, they are subject to change over time. Please consult your ITC Trade Commissioner for up-to-date information.

Type of Government: Unitary Parliamentary Republic
Population: 372,520 (2021)
GDP: 25.6 billion USD (2021)
Corporate Tax Rate: 20% - 38%
Personal Income Tax Rate: 16% - 32%
Major Exports: Raw Aluminium ($2.5B), Fish Fillets ($1.06B), Non-fillet Fresh Fish ($449M), Non-fillet Frozen Fish ($439M), and Fish: dried, salted, smoked or in brine ($278M), exporting mostly to Netherlands ($1.65B), Spain ($704M), Germany ($661M), United Kingdom ($577M), and United States ($492M).
Major Imports: Aluminium Oxide ($508M), Cars ($487M), Carbon-based Electronics ($452M), Refined Petroleum ($446M), and Packaged Medicaments ($216M), importing mostly from Norway ($858M), Denmark ($749M), Netherlands ($722M), Germany ($693M), and China ($537M).