Quality of life comparison

compared to

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

Health

live 8.9 years longer

In Nicaragua, the average life expectancy is 75 years (73 years for men, 77 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 9.9 times more money

Nicaragua has a GDP per capita of $5,300 as of 2020, while in Iceland, the GDP per capita is $52,300 as of 2020.

be 43.4% less likely to be unemployed

In Nicaragua, 6.4% of adults are unemployed as of 2017. In Iceland, that number is 3.6% as of 2019.

be 64.7% less likely to live below the poverty line

In Nicaragua, 24.9% live below the poverty line as of 2016. In Iceland, however, that number is 8.8% as of 2017.

pay a 54.3% higher top tax rate

Nicaragua has a top tax rate of 30.0% as of 2016. In Iceland, the top tax rate is 46.3% as of 2016.

Life

be 98.0% less likely to die during childbirth

In Nicaragua, approximately 198.0 women per 100,000 births die during labor as of 2017. In Iceland, 4.0 women do as of 2017.

be 91.4% less likely to die during infancy

In Nicaragua, approximately 19.1 children (per 1,000 live births) die before they reach the age of one as of 2022. In Iceland, on the other hand, 1.6 children do as of 2022.

have 21.5% fewer children

In Nicaragua, there are approximately 16.5 babies per 1,000 people as of 2022. In Iceland, there are 13.0 babies per 1,000 people as of 2022.

Basic Needs

be 2.2 times more likely to have internet access

In Nicaragua, approximately 45.0% of the population has internet access as of 2020. In Iceland, about 99.0% do as of 2020.

be 20.2% more likely to have access to improved drinking water

In Nicaragua, approximately 83% of people have improved drinking water access (98% in urban areas, and 63% in rural areas) as of 2020. In Iceland, that number is 100% of people on average (100% in urban areas, and 100% in rural areas) as of 2020.

Expenditures

spend 2.2 times more on education

Nicaragua spends 3.4% of its total GDP on education as of 2019. Iceland spends 7.6% of total GDP on education as of 2018.

Geography

see 5.5 times more coastline

Nicaragua has a total of 910 km of coastline. In Iceland, that number is 4,970 km.

The statistics above were calculated using the following data sources: General Directorate of Revenues, The World Factbook, Directorate of Internal Revenue.

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 Nicaragua? See an in-depth size comparison.

Share this

ASK THE ELSEWHERE COMMUNITY

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