EEA member. Iceland participates in the EU single market via the EEA Agreement. Compliance scores reflect this regulatory alignment and are not directly comparable to non-EU/EEA sourcing countries.
Europe
Iceland
EU Compliance · Geopolitical Risk · Sourcing Attractiveness · Intra-EU Risk
Why these scores
EU Compliance, by dimension
1 = lowest risk · methodology & sources
Geopolitical Risk, by dimension
1 = lowest risk · methodology & sources
Attractiveness, by dimension
9 = most attractive · methodology & sources
Analyst scores, last reviewed June 2026; each dimension's sources and cadence are on its methodology page.
Data layers
The EU is Iceland's #1 import source (world lens). Iceland is the EU's #77 goods supplier.
Iceland on the world stage
Total imports
$9.8bn
2024 annual
Total exports
$6.9bn
186 partners
#1 import source
Norway
10.8%
#1 export dest.
Netherlands
32.8%
2024 annual, UN Comtrade (HS TOTAL, all partners). Line colour: coverage (exports/imports per partner).
Iceland and the EU
EU imports from
€4.3bn
0.2% of extra-EU
EU exports to
€4.9bn
0.2% of extra-EU
EU supplier rank
EU's #77 supplier
EU trade balance
balanced or surplus
coverage 1.14
2025 annual totals, Eurostat COMEXT. EU trade board →
Electricity & grid
National sources · carbon from Ember
Industrial
25
EUR/MWh
Consumer
144
EUR/MWh, all-in
Grid carbon
28
gCO₂e/kWh
Renewables
100%
of generation
regulated market
Power market
● Export-revenue + dam debtMarket model
State-dominated (Landsvirkjun ~70% of generation)
Direct PPA
Limited
grid access: limited
Reserve margin
–
Regulator
Not independent
Orkustofnun (National Energy Authority)
100% renewable electricity but aluminium smelters consume roughly 70% of all generation (Century Aluminium, Rio Tinto), creating massive industrial concentration risk. Electrically isolated with no interconnection. The…
Tracked infrastructure
9 hydro plants
1.9 GW
Operating assets tracked by Global Energy Monitor (CC BY 4.0); counts are tracked facilities, not exhaustive totals. Energy overview →
Intra-EU sourcing risk
EEA · 1 = lowest riskMonitored ports (2)
Source: IMF PortWatch. Port count reflects monitoring coverage, not economic significance.
Demographics
UN World Population Prospects 2024 · medium variant
Median age
36
→ 44.9 by 2050
Fertility
1.52
below replacement
Working-age
66.6%
aged 15–64
Old-age dep.
23.5
→ 38.4 by 2050
Median age 1990–2050
Population 0.39M · peaks 2049
By 2050: +10% (0.43M)