Ólafía is a given name. Notable people with the name include:

Ólafía Einarsdóttir (1924–2017), Icelandic archaeologist Ólafía Jóhannsdóttir (1863–1924), Icelandic teacher and temperance worker Ólafía Hrönn Jónsdóttir (born 1962), Icelandic actress Ólafía Þórunn Kristinsdóttir (born 1992), Icelandic golfer