In Iceland’s parliamentary elections, the opposition emerged victorious. The leader was the Social Democratic Alliance, a left-center party that is a member of the Socialist International.
According to the final results from all six electoral districts, the Social Democratic Alliance secured 20.8% of the vote, winning nine seats and 15 members of parliament. The Independence Party took second place with 19.4% of the vote, losing two seats and securing 14 deputies. The Liberal Reform Party gained 15.8% of the vote, earning six seats and 11 deputies.
The People’s Party received 13.8%, securing four seats and 10 deputies. The Centrist Party gained 12.1%, securing five seats and eight deputies. The Progressive Party received 7.8% of the vote, losing eight seats and securing five deputies.
The ruling parties lost 18 seats in parliament. The leader of the Social Democratic Alliance is 36-year-old Kristín Fróstadóttir, who promised to tackle inflation, stabilize public finances, and strengthen the social system. However, winning the election does not automatically guarantee the formation of a government, and the question of the next prime minister remains open.
Iceland, one of the wealthiest countries in Europe, has faced a series of economic challenges, including rising living costs and migration pressure. In 2023, inflation in the country reached 10.2%, and the housing deficit worsened due to the tourism boom and growing demand for short-term rentals.
