Iceland has a population of 0.32 million people, and a land mass of 100 000 km2. Life expectancy is 82 years, and with a per capita GDP of USD 59976, the country is classified as a high income country. The country's GDP grew in 2016 with 7.2%, and totaled a nominal value of USD 20 billion.
Iceland is ranked at place 20 in the World Bank Doing Business Index, out of 189 countries in total. On Transparency International's corruption perception index, Iceland is ranked at place 13, out of 167 countries in total.
Norwegian exports to Iceland in 2016 were NOK 3.677 billion. The same year, Norway imported goods from Iceland at a value of 1.841 billion.