Statistics Iceland. The population of Iceland is projected to grow from 389 (estimated resident population 1 January 2025) to an estimated value between 450 and 700 thousand in the next 50 years, depending on migration flows, according to Statistics Iceland’s population projection. The most likely population value in 2075 is 550 thousand and Iceland could reach 500 thousand people in 16 years-time. The highest projection variant shows that Iceland would reach 500 thousand people much earlier, in 2037
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