Kristrún Frostadóttir (Social Democratic Alliance) has been Prime Minister of Iceland since 21 Dec 2024. In the time since Kristrún Frostadóttir took office, December 2024, real GDP has edged up 0.9% a year. Among the 35 national leaders with a year or more of figures, Iceland ranks 13th on pay growth and 49th of 49 on the fall in unemployment. The latest governance scores, for 2025 and from before this tenure: liberal democracy index 72.0 of 100 (V-Dem Institute) and government effectiveness 84.0 of 100 (the World Bank). Since 1991 the office has changed hands 10 times; Kristrún Frostadóttir has held it since December 2024.
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