Quality of life comparison

compared to

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

Health

live 10.3 years longer

In Venezuela, the average life expectancy is 73 years (70 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.

be 14.5% less likely to be obese

In Venezuela, 25.6% of adults are obese as of 2016. In Iceland, that number is 21.9% of people as of 2016.

Economy

make 8.6 times more money

Venezuela has a GDP per capita of $7,704 as of 2018, while in Iceland, the GDP per capita is $66,500 as of 2023.

be 35.6% less likely to be unemployed

In Venezuela, 5.5% of adults are unemployed as of 2023. In Iceland, that number is 3.6% as of 2023.

be 73.4% less likely to live below the poverty line

In Venezuela, 33.1% live below the poverty line as of 2015. In Iceland, however, that number is 8.8% as of 2017.

pay a 36.2% higher top tax rate

Venezuela has a top tax rate of 34.0% as of 2016. In Iceland, the top tax rate is 46.3% as of 2016.

Life

be 98.8% less likely to die during childbirth

In Venezuela, approximately 259.0 women per 100,000 births die during labor as of 2020. In Iceland, 3.0 women do as of 2020.

be 90.7% less likely to die during infancy

In Venezuela, approximately 17.7 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 24.6% fewer children

In Venezuela, there are approximately 16.7 babies per 1,000 people as of 2024. In Iceland, there are 12.6 babies per 1,000 people as of 2024.

Basic Needs

be 27.1% more likely to have internet access

In Venezuela, approximately 78.7% of the population has internet access as of 2022. In Iceland, about 100.0% do as of 2021.

Expenditures

spend 5.9 times more on education

Venezuela spends 1.3% of its total GDP on education as of 2017. Iceland spends 7.7% of total GDP on education as of 2020.

spend 2.5 times more on healthcare

Venezuela spends 3.8% of its total GDP on healthcare as of 2020. In Iceland, that number is 9.6% of GDP as of 2020.

Geography

see 77.5% more coastline

Venezuela has a total of 2,800 km of coastline. In Iceland, that number is 4,970 km.

The statistics above were calculated using the following data sources: The World Factbook, Directorate of Internal Revenue, Ministerio del Poder Popular de Finanzas, SENIAT.

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 Venezuela? See an in-depth size comparison.

Share this

ASK THE ELSEWHERE COMMUNITY

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