Iceland | Aurato

Iceland
`mkt_is`

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Iceland’s small króna economy supports extensive electronic banking and card acceptance, connecting local purchases with international visitor spending. Its roughly 392,000 residents had GDP per capita near US$98,300 in 2025, while euro transfer links support overseas commerce.

Population

392K

GDP

$39B

GDP per Capita

$98K

GDP Growth

1.3%

Deepdive

World Bank, World Development Indicators (WDI), 2025

Cash in Iceland

Iceland's widespread acceptance of card payments makes cash largely optional for everyday purchases, even small ones. Króna notes remain available through ATMs, while debit, credit and contactless payments cover most retail stores.

ATMs (PER 100K)

56.2

BANKS (PER 100K)

21.0

DEBIT CARDS (PER ADULT)

1.2

CREDIT CARDS (PER ADULT)

0.9

Compare

IMF, Financial Access Survey (FAS), 2025