Iceland vs Japan
Comprehensive comparison of economic, demographic and social indicators
Key Indicators
| Indicator | Iceland | Japan | Year |
|---|---|---|---|
| GDP (nominal) | $33.26B | $4.03T | 2024 |
| GDP per capita | $86,041 | $32,487 | 2024 |
| Population | 386.5K | 124.0M | 2024 |
| GDP growth rate | -0.97% | 0.10% | 2024 |
| Inflation rate | 5.86% | 2.74% | 2024 |
| Unemployment rate | 3.63% | 2.45% | 2025 |
| Life expectancy | 82.6 years | 84.0 years | 2023 |
| Surface area (sq. km) | 103,000 km2 | 377,969 km2 | 2023 |
Iceland vs Japan: Analysis
Japan has a larger economy than Iceland, with a nominal GDP roughly 121.1 times greater based on 2024 data. Iceland recorded a GDP of $33.26B, while Japan stood at $4.03T.
In terms of GDP per capita, Iceland leads over Japan. Iceland has a per capita output of $86,041, compared to $32,487 for Japan.
Japan has a larger population than Iceland. Iceland is home to approximately 386.5K people, while Japan has about 124.0M.
By surface area, Japan is the larger country. Iceland covers 103,000 km2, and Japan spans 377,969 km2.
Life expectancy is higher in Japan: 82.6 years in Iceland versus 84.0 years in Japan. Japan has the lower unemployment rate (Iceland: 3.63%, Japan: 2.45%). Inflation stands at 5.86% in Iceland and 2.74% in Japan.
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 Japan?
Japan has the larger GDP. Iceland has a GDP of $33.26B (2024), while Japan has $4.03T (2024). Source: World Bank.
What is the population difference between Iceland and Japan?
The population difference is approximately 123.6M. Iceland has 386.5K people (2024), and Japan has 124.0M (2024). Source: World Bank.
Is Iceland richer than Japan?
By GDP per capita, Iceland is wealthier. Iceland has a GDP per capita of $86,041 (2024), compared to $32,487 for Japan (2024). Source: World Bank.
Which country has higher life expectancy, Iceland or Japan?
Japan has higher life expectancy. Iceland: 82.6 years (2023), Japan: 84.0 years (2023). Source: World Bank.
Which country is bigger, Iceland or Japan?
Japan is larger by area. Iceland covers 103,000 km2, while Japan covers 377,969 km2. Source: World Bank.