Quality of Life Comparison

COMPARED TO

If you lived in Iceland instead of Hong Kong, you would:

Economy

make 19.1% less money


Hong Kong has a GDP per capita of $64,500 as of 2018, while in Iceland, the GDP per capita is $52,200 as of 2017.

pay a 3.1 times higher top tax rate


Hong Kong has a top tax rate of 15.0% as of 2016. In Iceland, the top tax rate is 46.3% as of 2016.

Life

be 22.2% less likely to die during infancy


In Hong Kong, approximately 2.7 children die before they reach the age of one as of 2020. In Iceland, on the other hand, 2.1 children do as of 2020.

have 58.3% more children


In Hong Kong, there are approximately 8.4 babies per 1,000 people as of 2020. In Iceland, there are 13.3 babies per 1,000 people as of 2020.

Basic Needs

be 10.7% more likely to have internet access


In Hong Kong, approximately 89.4% of the population has internet access as of 2018. In Iceland, about 99.0% do as of 2018.

Expenditures

spend 2.3 times more on education


Hong Kong spends 3.3% of its total GDP on education as of 2018. Iceland spends 7.5% of total GDP on education as of 2016.

Geography

see 6.8 times more coastline


Hong Kong has a total of 733 km of coastline. In Iceland, that number is 4,970 km.

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.

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


The statistics on this page were calculated using the following data sources: The World Factbook, Directorate of Internal Revenue, Inland Revenue Department, Hong Kong.

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