Iceland has a population of 0.33 million people, and a land mass of 100 000 km2. Life expectancy is 82 years, and with a per capita GDP of USD 66944, the country is classified as a high income country. The country's GDP grew in 2019 with 1.9%, and totaled a nominal value of USD 24.1 billion.
Iceland is ranked at place 26 in the World Bank Doing Business Index, out of 190 countries in total. On Transparency International's corruption perception index, Iceland is ranked at place 17, out of 180 countries in total.
Norwegian exports to Iceland in 2020 were NOK 4.452 billion. The same year, Norway imported goods from Iceland at a value of NOK2.034 billion.