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National Blueprint · One of 195

Iceland

An island nation of 392,000 in the North Atlantic whose electricity is all renewable, with 445,023 cubic metres of fresh water renewed a person each year.

Perfect Nations values what Iceland owns and raises capital against it, through innovative financing for development (FfD) and super intelligence (SI).

Iceland at a glance

  • 392,404PeopleWorld Bank
  • Furthest from reach · Education9.3%of children in Iceland cannot read a simple text by the end of primary school, on 2006 dataWorld Bank, 2006
Work with usRead the Letter to Iceland

What we do for Iceland

Assets. Capital. Solutions.

Perfect Nations is a new-age sovereign advisory firm, and its clients are nations.

  1. 01AssetsThe cupFive sovereign assets, valued, from The Fresh Water to The Land.
  2. 02CapitalThe laurelsThe instruments that raise capital against those assets, from every source.
  3. 03SolutionsThe seven starsSeven basic standards of living, star by star. Education is furthest from reach today.

The whole logo: a Perfect Nation, where every citizen has all seven basic standards of living, led by good governance.

01Assets · The cup · Sovereign Assets

Five assets no balance sheet counts.

Each is owned today, earns today, and can carry Iceland toward seven basic standards of living for every citizen.

  • 445,023 m³Renewable fresh water a person, 2022

    The Fresh Water

    Rain and rivers renewed every year: power, irrigation and drinking water.

  • 100%Of electricity from renewable sources, 2016

    The Clean Grid

    Power from water, wind and sun already flows; every new connection can be clean.

  • 392,404Citizens, 2025

    The People

    17.5% are under fifteen: the workforce and the market of the next generation.

  • 16.2%Of the land in agriculture, 2023

    The Farmland

    Land that can feed the nation and earn abroad, valued and financed against its harvest.

  • 100,830 km²Land area, 2023

    The Land

    Territory to farm, power and protect.

Every figure, with its sourceThe Sovereign Assets ledger

02Capital · The laurels · Capital Architecture

Water, heat and light, and a nation of readers.

Bonds, guarantees, swaps and loans that raise capital against what Iceland owns, every line sourced.

Capital Architecture

The record in figures

Capital already committed

  • The capital already committed to Iceland is being gathered: every instrument and investment on record, with its source.

The Iceland Newswire

The Solutions Wire
Sigrún Jónsdóttir, Nation Steward of Iceland

Sigrún JónsdóttirNation Steward of Iceland · SI Researcher

Already working in Iceland.

Independent firms and social enterprises already at work in Iceland, highlighted by Perfect Nations. None is a partner of Perfect Nations.

Suggest an enterprise

  • The first firms and social enterprises at work in Iceland are being gathered.

    Name one already at work there: it may be highlighted here, with its source.

03Solutions · The seven stars · Perfect Capita

Perfect Iceland, star by star.

Perfect Capita is the yearly cost, per person, of lifting everyone above the Living Line in all seven basic living standards, set with Iceland in its own prices.

How Perfect Capita works
Iceland: the seven stars of the logo, one for each basic standard of living, rising from the cup; Food is the larger centre star. Each star carries the figure for Iceland.WATER100%SHELTER100%ENERGY100%FOOD92.2%EDUCATION90.7HEALTH90LIVELIHOOD91.2%
90.7
Education · furthest from reach90.7% of children read a simple text by the end of primary school; 2006, datedWorld Bank, 2006

Tap a star for its figure and source.

The price of Perfect Iceland

To be set with Iceland, from its own figures and in its own prices: Perfect Capita times the people of Iceland, each year.

Read more
  • Food92.2%Not food insecure; 7.8% are moderately or severely food insecureFAO, 2023
  • Water100%Safely managed drinking waterWHO/UNICEF, 2024
  • Shelter100%City dwellers outside slums; 0% live in slums; safely managed sanitation is not measuredUN-Habitat, 2022
  • Energy100%100% cook with clean fuels and technology; 100% have electricityWorld Bank, 2024
  • Education90.790.7% of children read a simple text by the end of primary school; 2006, datedWorld Bank, 2006
  • Health90WHO service coverage indexWHO, 2023
  • Livelihood91.2%Above the national poverty line; 8.8% live below it, datedWorld Bank, 2017

Perfect Nations estimate, to be confirmed with Iceland. Figures marked dated rest on surveys more than five years old; lenient measures are marked as such. The strict measures

Strict measures. Food: share not moderately or severely food insecure (FAO). Water: safely managed drinking water where measured; where it is not, basic water, marked as such. Shelter: the lower of safely managed sanitation and the share outside urban slums. Energy: the lower of electricity per person against 1,000 kWh and clean cooking; where electricity per person is not published, clean cooking. Education: the lower of children reading by the end of primary school and lower-secondary completion. Health: WHO service coverage index. Livelihood: share above the stricter of the national poverty line and the World Bank line for the nation’s income group (US$8.30 a day for high-income nations). Each figure links to its source.

Solutions for Perfect Iceland

All Solutions

  • The Solution for IcelandEducation

    Finance learning, not only classrooms.

    • 01The challenge9.3% Of children in Iceland cannot read a simple text by the end of primary school, on 2006 data. World Bank, 2006
    • 02The dealProgram-for-Results, proved in Tanzania, 2021: $588M for primary school learning. World Bank, project P169380
    • 03What Perfect Nations advisesNations where education is furthest from reach should borrow on a Program-for-Results basis, releasing each tranche only when pupils reach an agreed learning level, verified independently. With super intelligence, reading levels can be tracked school by school, so that every child who falls behind is reached in time.
    Co-design it inThe ReDesign StudioThe three mandates
Perfect Nations® · Letters to the NationsIceland

Dear Iceland,

All your electricity is renewable, and your land renews 445,023 cubic metres of fresh water a person each year.

Read more

Water, sanitation and power reach every home. Yet on 2006 data, the latest published, 9.3% of your children could not read a simple text by the end of primary school. Measure reading again, and let every Icelandic child read.

“Measure reading again, and let every child read.”

Yours in design,Preeti SinhaPresident and CEO, Perfect Nations

Work with us · The ReDesign Studio

The Perfect Iceland ReDesign Studio

One mission, three depths: the same four moves for Iceland, taken as far toward market as you choose.

Read more

For the Government of Iceland, its development partners and investors. Scope and fees are agreed in writing before any work begins.

  1. 01Identify the assets
  2. 02Estimate Perfect Capita
  3. 03Co-design the capital architecture
  4. 04Launch the instruments

  1. Mandate 013 hours

    The Nation Briefing

    A private session for the people who decide.

    You leave withThe gap, named and sized

    Read more
    1. 01The five sovereign assets on this page, walked through.
    2. 02Education, the standard furthest from reach, and the Gap, explained.
    3. 03The instruments that could close the Gap, shortlisted.
    4. 04The path to market, outlined.
    Request a Nation Briefing

  2. Mandate 023 days

    The Blueprint Lab

    Your team and ours, working the blueprint together.

    You leave withThe structure, drawn

    Read more
    1. 01The ledger tested against your ministries’ own data.
    2. 02Each of the seven standards costed in local prices.
    3. 03One financing structure, drawn with your team.
    4. 04A term sheet and the partners to approach.
    Plan a Blueprint Lab

  3. Mandate 03End to end

    The Sovereign Mandate

    Led personally by the President and CEO.

    You leave withA structure ready for market

    Read more
    1. 01A full sovereign asset ledger, valued and verified.
    2. 02Perfect Capita set and agreed with government, with a monitoring plan.
    3. 03The full structure: legal form, credit enhancement, guarantees and pricing.
    4. 04Taken to investors and development partners, through to close.
    Discuss a Sovereign Mandate

Co-design it with us

Where Icelanders and Co-designers design the nation they want to live in.

  • Writings

    Write Perfect Iceland into being.

    Up to 1,500 words on your vision of Perfect Iceland, published with your name.

    Submit your writing

  • Voices of Perfect Nations Launching soon

    The local leaders already building Perfect Iceland.

    Great local leaders: honest, dedicated and committed to basic standards of living for all. Every guest answers one question: “What does Iceland already own, and how could it pay for a decent life for every citizen?”

    Nominate yourselfSuggest a guest

  • Co-designers

    Join the community.

    Everyone who shares a vision, a voice or an enterprise here becomes a Co-designer of Perfect Iceland.

    Become a Co-designer

The Iceland ReDesign Studio is open

Design Perfect Iceland with us.

Share your vision, suggest a guest, or write to us: every message receives a personal reply.

Enter the ReDesign StudioWrite to usAll 195 nations
Sources
  1. World Bank, World Development Indicators (API), accessed 10 November 2026: population and ages 0 to 14, 2025; land area and agricultural and forest land; renewable fresh water per person, 2022; natural resource, oil, gas and mineral rents, 2021; renewable electricity output, 2021; tourism receipts; personal remittances; electricity access and clean cooking.
  2. The seven standards: FAO food insecurity, WHO/UNICEF JMP water and sanitation, UN-Habitat urban slums, World Bank clean cooking, learning poverty and lower-secondary completion, and poverty headcounts (all via the World Bank); WHO UHC service coverage index, 2023.
  3. IMF, World Economic Outlook, October 2026 (DataMapper, accessed 10 November 2026): general government gross debt, 2025, and real GDP growth projected for 2026.
  4. IMF: Iceland, 2025 Article IV consultation (country report of 24 June 2025).
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