Iceland vs Germany
Comprehensive comparison of economic, demographic and social indicators
Key Indicators
| Indicator | Iceland | Germany | Year |
|---|---|---|---|
| GDP (nominal) | $33.26B | $4.69T | 2024 |
| GDP per capita | $86,041 | $56,104 | 2024 |
| Population | 386.5K | 83.5M | 2024 |
| GDP growth rate | -0.97% | -0.50% | 2024 |
| Inflation rate | 5.86% | 2.26% | 2024 |
| Unemployment rate | 3.63% | 3.71% | 2025 |
| Life expectancy | 82.6 years | 80.5 years | 2023 |
| Surface area (sq. km) | 103,000 km2 | 357,680 km2 | 2023 |
Iceland vs Germany: Analysis
Germany has a larger economy than Iceland, with a nominal GDP roughly 140.9 times greater based on 2024 data. Iceland recorded a GDP of $33.26B, while Germany stood at $4.69T.
In terms of GDP per capita, Iceland leads over Germany. Iceland has a per capita output of $86,041, compared to $56,104 for Germany.
Germany has a larger population than Iceland. Iceland is home to approximately 386.5K people, while Germany has about 83.5M.
By surface area, Germany is the larger country. Iceland covers 103,000 km2, and Germany spans 357,680 km2.
Life expectancy is higher in Iceland: 82.6 years in Iceland versus 80.5 years in Germany. Iceland has the lower unemployment rate (Iceland: 3.63%, Germany: 3.71%). Inflation stands at 5.86% in Iceland and 2.26% in Germany.
These figures are drawn from World Bank Open Data and reflect the most recent available reporting year for each indicator. For historical trends and additional indicators, explore the individual country profiles on NationStat.
Frequently Asked Questions
Which country has a larger GDP, Iceland or Germany?
Germany has the larger GDP. Iceland has a GDP of $33.26B (2024), while Germany has $4.69T (2024). Source: World Bank.
What is the population difference between Iceland and Germany?
The population difference is approximately 83.1M. Iceland has 386.5K people (2024), and Germany has 83.5M (2024). Source: World Bank.
Is Iceland richer than Germany?
By GDP per capita, Iceland is wealthier. Iceland has a GDP per capita of $86,041 (2024), compared to $56,104 for Germany (2024). Source: World Bank.
Which country has higher life expectancy, Iceland or Germany?
Iceland has higher life expectancy. Iceland: 82.6 years (2023), Germany: 80.5 years (2023). Source: World Bank.
Which country is bigger, Iceland or Germany?
Germany is larger by area. Iceland covers 103,000 km2, while Germany covers 357,680 km2. Source: World Bank.