Europe · Northern Europe
Iceland
Iceland · World’s #107 economy
- Nominal GDP 2025
- $38.6 billion
- Population 2025
- 392,404
- GDP per capita
- $98,324
- GDP growth 2025
- 1.3%
Overview
- Official name
- Iceland
- Capital
- Reykjavik
- Region
- Europe · Northern Europe
- Area
- 103,000 km²
- Coordinates
- 65.00, -18.00
- Languages
- Icelandic
- Currency
- Icelandic króna (ISK kr)
- Calling code · domain
- +354 · .is
- ISO codes
- IS / ISL
Map
Demographics
Age structure (2025)
Macroeconomy
Iceland ranks #107 in the world by nominal GDP (2025). Full ranking →
Business environment & logistics (micro)
The Logistics Performance Index (LPI) and import clearance time are published by the World Bank per survey round; total tax rate comes from the discontinued Doing Business data (2020).
Provinces, states & regions (72)
Region: 8 · Municipality: 64
Show all 72 subdivisions
- Austurland IS-7
- Höfuðborgarsvæði IS-1
- Norðurland eystra IS-6
- Norðurland vestra IS-5
- Suðurland IS-8
- Suðurnes IS-2
- Vestfirðir IS-4
- Vesturland IS-3
- Garðabær IS-GAR
- Hafnarfjarðarkaupstaður IS-HAF
- Kjósarhreppur IS-KJO
- Kópavogsbær IS-KOP
- Mosfellsbær IS-MOS
- Reykjavíkurborg IS-RKV
- Seltjarnarnesbær IS-SEL
- Grindavíkurbær IS-GRN
- Reykjanesbær IS-RKN
- Suðurnesjabær IS-SDN
- Sveitarfélagið Vogar IS-SVG
- Akraneskaupstaður IS-AKN
- Borgarbyggð IS-BOG
- Dalabyggð IS-DAB
- Eyja- og Miklaholtshreppur IS-EOM
- Grundarfjarðarbær IS-GRU
- Hvalfjarðarsveit IS-HVA
- Skorradalshreppur IS-SKO
- Snæfellsbær IS-SNF
- Stykkishólmsbær IS-STY
- Bolungarvíkurkaupstaður IS-BOL
- Kaldrananeshreppur IS-KAL
- Reykhólahreppur IS-RHH
- Strandabyggð IS-STR
- Súðavíkurhreppur IS-SDV
- Tálknafjarðarhreppur IS-TAL
- Vesturbyggð IS-VER
- Árneshreppur IS-ARN
- Ísafjarðarbær IS-ISA
- Húnabyggð IS-HUG
- Húnaþing vestra IS-HUV
- Skagabyggð IS-SKG
- Skagafjörður IS-SKR
- Sveitarfélagið Skagaströnd IS-SSS
- Akureyrarbær IS-AKU
- Dalvíkurbyggð IS-DAV
- Eyjafjarðarsveit IS-EYF
- Fjallabyggð IS-FJL
- Grýtubakkahreppur IS-GRY
- Hörgársveit IS-HRG
- Langanesbyggð IS-LAN
- Norðurþing IS-NOR
- Svalbarðsstrandarhreppur IS-SBT
- Tjörneshreppur IS-TJO
- Þingeyjarsveit IS-THG
- Fjarðabyggð IS-FJD
- Fljótsdalshreppur IS-FLR
- Múlaþing IS-MUL
- Sveitarfélagið Hornafjörður IS-SHF
- Vopnafjarðarhreppur IS-VOP
- Bláskógabyggð IS-BLA
- Flóahreppur IS-FLA
- Grímsnes- og Grafningshreppur IS-GOG
- Hrunamannahreppur IS-HRU
- Hveragerðisbær IS-HVE
- Mýrdalshreppur IS-MYR
- Rangárþing eystra IS-RGE
- Rangárþing ytra IS-RGY
- Skaftárhreppur IS-SKF
- Skeiða- og Gnúpverjahreppur IS-SOG
- Sveitarfélagið Árborg IS-SFA
- Sveitarfélagið Ölfus IS-SOL
- Vestmannaeyjabær IS-VEM
- Ásahreppur IS-ASA
Source: ISO 3166-2 (Debian iso-codes)
Seaports & logistics
| Port | Harbour size | Harbour type | Cargo pier depth | TEU |
|---|---|---|---|---|
| Grundartangi ISGRT | Medium | coastal (breakwater) | 12.5 m | — |
| Reykjavik ISREY | Medium | coastal (breakwater) | 7.9 m | — |
| Seydhisfjordhur ISSEY | Small | coastal (natural) | 23.2 m | — |
| Vestmannaeyjar ISVES | Small | coastal (natural) | 5.0 m | — |
| Akureyri ISAKU | Very small | coastal (natural) | 47.0 m | — |
| Bolungarvik ISBOL | Very small | coastal (breakwater) | 23.2 m | — |
| Eskifjordhur ISESK | Very small | coastal (natural) | 23.2 m | — |
| Keflavik ISKEV | Very small | open roadstead | 23.2 m | — |
| Neskaupstadur ISNES | Very small | coastal (natural) | 23.2 m | — |
| Saudarkrokur ISSAU | Very small | coastal (natural) | 23.2 m | — |
| Dalvik ISDAL | Very small | coastal (breakwater) | 21.6 m | — |
| Hafnarfjordur ISHAF | Very small | coastal (natural) | 9.0 m | — |
43 ports of this country in the World Port Index, ranked by scale (container throughput, harbour size, depth).
FTAs & trade blocs
Vietnam has no FTA with Iceland: MFN rates apply (if a WTO member).
Bloc membership
Membership compiled as of October 2026 (full members); check each bloc’s official site for legal precision.
Trade agreements in force (39)
Iceland is party to 39 regional/bilateral trade agreements in force (per the WTO). Agreements with a “Preferential rates” button are FTAs that Vietnam is also party to.
| Agreement | Type / coverage | In force | Partners |
|---|---|---|---|
| EFTA - Kosovo | FTA & EIA Goods & Services |
1 Sep 2026 |     |
| EFTA - India | FTA & EIA Goods & Services |
1 Oct 2025 |  |
| EFTA - Moldova, Republic of | FTA & EIA Goods & Services |
1 Sep 2024 |  |
| United Kingdom - Iceland, Liechtenstein and Norway | FTA & EIA Goods & Services |
1 Dec 2021 |  Liechtenstein, Norway, United Kingdom |
| EFTA - Indonesia | FTA & EIA Goods & Services |
1 Nov 2021 |  |
| EFTA - Türkiye | FTA & EIA Goods & Services |
1 Oct 2021 |  |
| EFTA - Ecuador | FTA & EIA Goods & Services |
1 Nov 2020 |  |
| EFTA - Philippines | FTA & EIA Goods & Services |
1 Jun 2018 |  |
| EFTA - Georgia | FTA & EIA Goods & Services |
1 Sep 2017 |  |
| EFTA - Bosnia and Herzegovina | FTA Goods |
1 Jan 2015 |  |
| EFTA - Central America (Costa Rica and Panama) | FTA & EIA Goods & Services |
19 Aug 2014 |   |
| EFTA - GCC | FTA & EIA Goods & Services |
1 Jul 2014 |       |
| Iceland - China | FTA & EIA Goods & Services |
1 Jul 2014 |  China |
| EFTA - Hong Kong, China | FTA & EIA Goods & Services |
1 Oct 2012 |  |
| EFTA - Montenegro | FTA Goods |
1 Sep 2012 |  |
| EFTA - Ukraine | FTA & EIA Goods & Services |
1 Jun 2012 |  |
| EFTA - Colombia | FTA & EIA Goods & Services |
1 Jul 2011 |  |
| EFTA - Peru | FTA Goods |
1 Jul 2011 |  |
| EFTA - Albania | FTA Goods |
1 Nov 2010 |  |
| EFTA - Serbia | FTA Goods |
1 Oct 2010 |  |
| EFTA - Canada | FTA Goods |
1 Jul 2009 |  |
| EFTA - SACU | FTA Goods |
1 May 2008 |      |
| EFTA - Egypt | FTA Goods |
1 Aug 2007 |  |
| EFTA - Lebanon | FTA Goods |
1 Jan 2007 |  |
| Iceland - Faroe Islands | FTA & EIA Goods & Services |
1 Nov 2006 |  Faroe Islands |
| EFTA - Korea, Republic of | FTA & EIA Goods & Services |
1 Sep 2006 |  |
| EFTA - Tunisia | FTA Goods |
1 Jun 2005 |  |
| EFTA - Chile | FTA & EIA Goods & Services |
1 Dec 2004 |  |
| EFTA - Singapore | FTA & EIA Goods & Services |
1 Jan 2003 |  |
| EFTA - Jordan | FTA Goods |
1 Sep 2002 |  |
| EFTA - North Macedonia | FTA Goods |
1 May 2002 |  |
| EFTA - Mexico | FTA & EIA Goods & Services |
1 Jul 2001 |  |
| EFTA - Morocco | FTA Goods |
1 Dec 1999 |  |
| EFTA - Palestine | FTA Goods |
1 Jul 1999 |  |
| European Economic Area (EEA) | EIA Services |
1 Jan 1994 |         +19 |
| EFTA - Israel | FTA Goods |
1 Jan 1993 |  |
| EU - Iceland | FTA Goods |
1 Apr 1973 |   +17 |
| EFTA - Accession of Iceland | FTA Goods |
1 Mar 1970 | Liechtenstein, Norway, Switzerland |
| European Free Trade Association (EFTA) | FTA & EIA Goods & Services |
3 May 1960 | Liechtenstein, Norway, Switzerland |
Source: WTO Regional Trade Agreements Database (retrieved 14 Oct 2026) plus additional agreements maintained by the administrator. Lists agreements notified to the WTO and in force.
Import regulations
Look up the importing country's duties, technical rules and procedures on the Global Trade Helpdesk (ITC/UNCTAD/WTO), Market Access Map (ITC) and WTO Tariff & Trade Data. Check Vietnam's FTAs with the importing country for preferential rates with valid proof of origin.
Global Trade Helpdesk ↗Market Access Map ↗WTO Tariff & Trade Data ↗
Sourcing from Vietnam
Buyers in Iceland can find Vietnamese suppliers by industry, in the factory directory and at international exhibitions in Vietnam:
Structural Steel
Steel & Metal
Construction Materials
Machinery
Electrical Equipment
Electronics
HVAC
Automotive
Steel & steel structure manufacturing →International exhibitions in VietnamContact
Data: World Bank WDI (CC BY 4.0); mledoze/world-countries (ODbL); i18n-iso-countries (MIT); ISO 3166-2 – Debian iso-codes (LGPL); NGA World Port Index 2019; map @svg-maps/world (CC BY 4.0); flags flag-icons (MIT). For reference only.