Quality of life comparison

compared to

If you lived in Iceland instead of Monaco, you would:

Health

live 5.9 years less

In Monaco, the average life expectancy is 90 years (86 years for men, 93 years for women) as of 2022. In Iceland, that number is 84 years (81 years for men, 86 years for women) as of 2022.

Economy

make 54.8% less money

Monaco has a GDP per capita of $115,700 as of 2015, while in Iceland, the GDP per capita is $52,300 as of 2020.

be 81.0% more likely to be unemployed

In Monaco, 2.0% of adults are unemployed as of 2012. In Iceland, that number is 3.6% as of 2019.

Life

have 94.6% more children

In Monaco, there are approximately 6.7 babies per 1,000 people as of 2022. In Iceland, there are 13.0 babies per 1,000 people as of 2022.

Expenditures

spend 6.3 times more on education

Monaco spends 1.2% of its total GDP on education as of 2019. Iceland spends 7.6% of total GDP on education as of 2018.

spend 5.7 times more on healthcare

Monaco spends 1.5% of its total GDP on healthcare as of 2019. In Iceland, that number is 8.6% of GDP as of 2019.

Geography

see 1212.2 times more coastline

Monaco has a total of 4 km of coastline. In Iceland, that number is 4,970 km.

The statistics above were calculated using the following data sources: The World Factbook.

Iceland: At a glance

Iceland is a sovereign country in Europe, with a total land area of approximately 100,250 sq km. Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.D., Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930. Independent for over 300 years, Iceland was subsequently ruled by Norway and Denmark. Fallout from the Askja volcano of 1875 devastated the Icelandic economy and caused widespread famine. Over the next quarter century, 20% of the island's population emigrated, mostly to Canada and the US. Denmark granted limited home rule in 1874 and complete independence in 1944. The second half of the 20th century saw substantial economic growth driven primarily by the fishing industry. The economy diversified greatly after the country joined the European Economic Area in 1994, but Iceland was especially hard hit by the global financial crisis in the years following 2008. Literacy, longevity, and social cohesion are first rate by world standards.
Read more

How big is Iceland compared to Monaco? See an in-depth size comparison.

Share this

ASK THE ELSEWHERE COMMUNITY

Join the Elsewhere community and ask a question about Iceland.or Monaco It's a free, question-and-answer based forum to discuss what life is like in countries and cities around the world.