After 2046, people 65 years and older will outnumber people 20 years and younger. Even so, Iceland will remain a relatively young country when compared to other European nations.
This was among the findings just released by Statistics Iceland, which also showed that voter turnout increased for the first time since 2002.
Homestays in Reykjavík and the capital area decreased by 3.2% during the first five months of the year, while homestays everywhere else in the country increased dramatically.
The majority of people moving to the country were foreigners, but last year also marks only the second time since the turn of the century that more Icelanders moved home than abroad in a given year.
Preliminary figures for 2016 indicate Iceland’s GDP per capita was 28 percent above the EU28 average.
The number of Icelanders who are not registered members of any religious organization has more than doubled since 2010.
Statistics Iceland has published its latest issue of Statistical Series, which presents the economic forecast for 2017-2023.
The number of people living in Iceland became 346,750 at the end of the 3rd quarter of 2017, according to Statistics Iceland.