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. 2014-04-17

Actual Previous Highest Lowest Forecast Dates Unit Frequency
13.66 14.08 20.43 0.25 13.74 | 2013/12 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 280800.44 2014-03-31 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 54030.52 2013-12-31 USD [+]
GDP per capita PPP 34029.00 2012-12-31 33598.04 36875.37 21846.82 34486.88 2013-12-31 USD [+]
GDP 13.66 2012-12-31 14.08 20.43 0.25 13.74 2013-12-31 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 Government Budget Value at 16262.00 ISK Million  
Iceland recorded a government budget surplus of 16262 ISK Million in February of 2014. Government Budget Value in Iceland is reported by the Central Bank Of Iceland.
Iceland Government Spending at 69607.00 ISK Million  
Government Spending in Iceland increased to 69607 ISK Million in the fourth quarter of 2013 from 66259 ISK Million in the third quarter of 2013. Government Spending in Iceland is reported by the Statistics Iceland.
Iceland Gross Fixed Capital Formation at 33084.00 ISK Million  
Gross Fixed Capital Formation in Iceland increased to 33084 ISK Million in the fourth quarter of 2013 from 31504 ISK Million in the third quarter of 2013. Gross Fixed Capital Formation in Iceland is reported by the Statistics Iceland.
Iceland Gross National Income at 999053.00 ISK Million  
Gross National Product in Iceland increased to 999053 ISK Million in 2013 from 900218 ISK Million in 2012. Gross National Product in Iceland is reported by the Statistics Iceland.
Iceland Harmonised Consumer Prices at 176.70 Index Points  
Harmonised Consumer Prices in Iceland increased to 176.70 Index Points in February of 2014 from 174.50 Index Points in January of 2014. Harmonised Consumer Prices in Iceland is reported by the Eurostat.
Iceland House Price Index at 273.70 Index Points  
Housing Index in Iceland increased to 273.70 Index Points in March of 2014 from 272 Index Points in February of 2014. Housing Index in Iceland is reported by the Statistics Iceland.
Iceland Import Prices at 250.04 Index Points  
Import Prices in Iceland decreased to 250.04 Index Points in 2013 from 252.65 Index Points in 2012. Import Prices in Iceland is reported by the Icelandic Ministry of Finance.
Iceland Job Vacancies at 223.00  
Job Vacancies in Iceland increased to 223 in February of 2014 from 150 in January of 2014. Job Vacancies in Iceland is reported by the Directorate of Labour, Iceland.
Iceland Producer Prices at 195.30 Index Points  
Producer Prices in Iceland decreased to 195.30 Index Points in February of 2014 from 195.50 Index Points in January of 2014. Producer Prices in Iceland is reported by the Statistics Iceland.
Iceland Unemployed Persons at 7213.00  
The number of unemployed persons in Iceland increased to 7213 in February of 2014 from 7190 in January of 2014. Unemployed Persons in Iceland is reported by the Directorate of Labour, Iceland.
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