ICELAND
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THE OFFICIAL SALARY IN ICELAND IN 2025:Average salary – 868,000 Icelandic krónas per month ($6,595) Minimum wage – 425,985 Icelandic krónas per month ($3,235) Source: Trade unions and the Icelandic statistical office – statice. is Read more about wages in Iceland here Iceland is located in the North Atlantic Ocean and in the West of Northern Europe near Greenland and the United Kingdom. |
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| INFORMATION ABOUT ICELAND (2025)Â | |
| Population | 396 thousand |
| Average life expectancy | 83 years |
| Unemployment rate | 5.5% |
| Inflation | 3.8% |
| Area | 103,000 km² |
| Form of government | Parliamentary republic |
| Income tax | 31.45%–46.25% |
| Capital | ReykjavÃk |
| Currency | Icelandic króna |
| Official Language | Icelandic |
| Doing Business rank | 26 |
