Country

Iceland

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Where things stand

as of 11 Oct 2026Skip to the news ↓

Politicscentre-left
Stabilitystable
Economymixed

Governed by Kristrún Mjöll Frostadóttir (Social Democratic Alliance, also known as Samfylkingin), Prime Minister of Iceland since 2024-12-21

Iceland is governed by a centre-left coalition under Prime Minister Kristrún Mjöll Frostadóttir of the Social Democratic Alliance, with President Halla Tómasdóttir as head of state. The economy shows mixed signals: GDP contracted by 3.0% in Q2 2026 (Eurostat), while inflation rose to 6.1% in August 2026 (Eurostat) and unemployment remained stable at 5.8% (Eurostat).

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