Many live and work abroad, plus there's several pockets of Icelanders in various countries, like one notable group in Western Canada as you'd see in places like Gimli, Manitoba: https://en.wikipedia.org/wiki/Gimli,_Manitoba
It's not clear how many still speak Icelandic, but there's heritage.
There are certainly many more than that ordinary Icelanders living in other countries, and they still know the language. (I'd guess it's tens of thousands).