Iceland GDP

The Gross Domestic Product (GDP) in Iceland was worth 13.66 billion US dollars in 2012. The GDP value of Iceland represents 0.02 percent of the world economy. GDP in Iceland is reported by the The World Bank Group. From 1960 until 2012, Iceland GDP averaged 5.7 USD Billion reaching an all time high of 20.4 USD Billion in December of 2007 and a record low of 0.3 USD Billion in December of 1960. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides - Iceland GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-24

Actual Previous Highest Lowest Forecast Dates Unit Frequency
13.66 14.08 20.43 0.25 13.72 | 2014/06 1960 - 2012 USD Billion Yearly

TO

Iceland GDP
LIST BY COUNTRY

GDP Last Previous Highest Lowest Forecast Unit
GDP Constant Prices 281092.00 2013-11-15 280122.00 291715.00 176688.00 281133.61 2014-06-30 ISK Million [+]
Gross Fixed Capital Formation 33084.00 2013-11-15 31504.00 102237.00 25020.00 32609.39 2014-03-31 ISK Million [+]
Gross National Product 999053.00 2013-06-30 900218.00 1093633.00 496273.00 1005463.98 2013-12-31 ISK Million [+]
GDP Growth Rate 0.30 2013-12-31 6.10 10.20 -6.50 0.42 2013-12-31 Percent [+]
GDP Annual Growth Rate 3.80 2013-12-31 4.90 13.30 -8.60 3.29 2013-12-31 Percent [+]
GDP per capita 53532.08 2012-12-31 52854.12 58009.79 15049.46 54554.97 2014-06-30 USD [+]
GDP per capita PPP 34029.00 2012-12-31 33598.04 36875.37 21846.82 34679.23 2014-06-30 USD [+]
GDP 13.66 2012-12-31 14.08 20.43 0.25 13.72 2014-06-30 USD Billion [+]
[+]


GDP | Notes
The gross domestic product (GDP) or gross domestic income (GDI) is one of the measures of national income and output. GDP can be defined in three ways, which should give identical results. First, it is equal to the total expenditures for all final goods and services produced within the country in a specified period of time (usually a 365-day year). Second, it is equal to the sum of the value added at every stage of production by all the industries, plus taxes and minus subsidies on products. Third, it is equal to the sum of the income generated by production like compensation of employees, taxes on production and imports less subsidies, and gross operating surplus.


RELATED NEWS

Iceland Current Account at 11.13 ISK Billion  
Iceland recorded a Current Account surplus of 11.13 ISK Billion in the fourth quarter of 2013. Current Account in Iceland is reported by the Central Bank of Iceland.
Iceland Capital Flows at -60.68 ISK Billion  
Capital Flows in Iceland increased to -60.68 ISK Billion in the fourth quarter of 2013 from -69.18 ISK Billion in the third quarter of 2013. Capital Flows in Iceland is reported by the Central Bank of Iceland.
Iceland Car Registrations at 697.00 Cars  
Car Registrations in Iceland increased to 697 Cars in March of 2014 from 628 Cars in February of 2014. Car Registrations in Iceland is reported by the Statistics Iceland.
Iceland Changes in Inventories at -5701.00 ISK Million  
Changes in Inventories in Iceland increased to -5701 ISK Million in the fourth quarter of 2013 from -5782 ISK Million in the third quarter of 2013. Changes in Inventories in Iceland is reported by the Statistics Iceland.
Iceland Consumer Price Index (CPI) at 419.70 Index Points  
Consumer Price Index (CPI) in Iceland increased to 419.70 Index Points in March of 2014 from 418.70 Index Points in February of 2014. Consumer Price Index (CPI) in Iceland is reported by the Statistics Iceland.
Iceland Consumer Spending at 149952.00 ISK Million  
Consumer Spending in Iceland increased to 149952 ISK Million in the fourth quarter of 2013 from 134826 ISK Million in the third quarter of 2013. Consumer Spending in Iceland is reported by the Statistics Iceland.
Iceland Core Consumer Prices at 234.00 Index Points  
Core Consumer Prices in Iceland increased to 234 Index Points in March of 2014 from 233 Index Points in February of 2014. Core Consumer Prices in Iceland is reported by the Statistics Iceland.
Iceland Disposable Income per Capita at 346.00 Index Points  
Disposable Personal Income in Iceland increased to 346 Index Points in 2012 from 331 Index Points in 2011. Disposable Personal Income in Iceland is reported by the Statistics Iceland.
Iceland Employed Persons at 174900.00  
The number of employed persons in Iceland increased to 174900 in 2013 from 169300 in 2012. Employed Persons in Iceland is reported by the Statistics Iceland.
Iceland Export Prices at 214.97 Index Points  
Export Prices in Iceland decreased to 214.97 Index Points in 2013 from 222.46 Index Points in 2012. Export Prices in Iceland is reported by the Icelandic Ministry of Finance.
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