Summary of the 1988 Icelandic presidential election results
|-
!style="background-color:#E9E9E9" align=left width=450|Candidates
!style="background-color:#E9E9E9" align=right|Votes
!style="background-color:#E9E9E9" align=right|%
|-
|align=left|Vigdís Finnbogadóttir

Vigdís Finnbogadóttir

Vigdís Finnbogadóttir is an Icelandic politician who served as the fourth President of Iceland from 1980 to 1996. In addition to being both Iceland's and Europe's first female president, she was the world's first democratically elected female head of state...

|align="right" |117,292
|align="right" |94.59
|-
|align=left|Sigrún Þorsteinsdóttir
|align="right" |6,712
|align="right" |5.41

|-
|align=left colspan=3|
|}