Protest and civil unrestGuarded
Protests occur but rarely disrupt operations.
Country risk assessment ยท Europe
Iceland political and security risk assessment
Iceland carries a low level of political and security risk for business. It scores 8 out of 100 on the Zed Three World Threat Map (band 1 of 5), unchanged on last week and falling over the last 12 weeks. Last updated Nov 2, 2026.
8of 100
Low
Band 1 of 5
▬ Unchanged on last week
Europe
Iceland
What is the political and security risk in Iceland right now?
Iceland carries a low level of political and security risk for business. It scores 8 out of 100 on the Zed Three World Threat Map (band 1 of 5), unchanged on last week and falling over the last 12 weeks.
Steady at Low, with no standing risk flags.
On the economic side, real GDP grew 1.3% in 2025 with inflation at 4.1%.
What are the main risks of operating in Iceland?
What has changed recently in Iceland?
Iceland moved unchanged this week and fell 5 points over the last 12 weeks, from 13 to 8.
What happens next? Outlook for the next 1 to 3 months
We assess it is highly likely that Iceland stays in the Low band through the end of December.
80 to 90%
0%50%100%
Likelihood ranges are editorial judgments, not advice.
What does it mean for shipping, supply chains and operations?
Ores and metals make up 36% of goods exports (2025 data), so mining regions and export corridors are the exposure to watch.
Trade equals 82% of GDP (2025 data). A highly open economy, so local disruption travels quickly through supplier networks.
Operating conditions are normal. Standard security precautions apply.
Key facts
GDPUS$38.6 billionLatest data, 2025
Real GDP growth1.3%Latest data, 2025
Inflation4.1%Latest data, 2025
Trade82% of GDPLatest data, 2025
Ores and metals36% of goods exportsLatest data, 2025
Food exports47% of goods exportsLatest data, 2025
Population392 thousandLatest data, 2025
How has the Iceland threat score moved?
Frequently asked questions
What is the political and security risk in Iceland for business?
Iceland carries a low level of political and security risk for business. It scores 8 out of 100 on the Zed Three World Threat Map (band 1 of 5), unchanged on last week and falling over the last 12 weeks.
What are the main geopolitical risks of operating in Iceland?
The main risk drivers are protest and civil unrest (guarded). Protests occur but rarely disrupt operations.
What is the outlook for Iceland?
We assess it is highly likely (80 to 90%) that Iceland stays in the Low band through the end of December.
How often is the Iceland risk assessment updated?
The Iceland threat score is updated weekly on the Zed Three World Threat Map, and this assessment is reviewed monthly. It was last updated Nov 2, 2026.
Related country assessments
Published by Zed Three, a private, independent risk intelligence company. Assessment last updated Nov 2, 2026. Threat score updated weekly, last on Nov 2, 2026. General analysis for informational purposes, not security, legal or investment advice.
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