Iceland GDP Growth Rate 1997-2015 | Data | Chart | Calendar | Forecast

The Gross Domestic Product (GDP) in Iceland contracted 1.50 percent in the first quarter of 2015 over the previous quarter. GDP Growth Rate in Iceland averaged 0.75 percent from 1997 until 2015, reaching an all time high of 9 percent in the second quarter of 1998 and a record low of -7.40 percent in the first quarter of 2009. GDP Growth Rate in Iceland is reported by the Statistics Iceland.

      Forecast
Iceland GDP Growth Rate
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Actual Previous Highest Lowest Dates Unit Frequency
-1.50 0.20 9.00 -7.40 1997 - 2015 percent Quarterly
Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. The economy depends heavily on the fishing industry, which provides 40% of export earnings and employs 5% of the work force. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism. This page provides - Iceland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Content for - Iceland GDP Growth Rate - was last refreshed on Thursday, July 2, 2015.

Calendar GMT Reference Actual Previous Consensus Forecast (i)
2014-12-05 09:00 AM Q3 3.9% -1.2% -0.64%
2015-03-10 09:00 AM Q4 0.2% 4.2%(R) 0.91%
2015-06-09 10:00 AM Q1 -1.5% 0.2% 0.2% 0.3%
2015-09-11 10:00 AM Q2 -1.5% 0.13%
2015-12-08 09:00 AM Q3 2.07%

Iceland GDP Last Previous Highest Lowest Unit
GDP 14.62 13.66 20.43 0.25 USD Billion [+]
GDP Growth Rate -1.50 0.20 9.00 -7.40 percent [+]
GDP Annual Growth Rate 2.90 3.00 13.50 -7.60 percent [+]
GDP Constant Prices 309660.00 314222.00 314222.00 176688.00 ISK Million [+]
Gross National Product 1128417.00 1128417.00 1128417.00 496273.00 ISK Million [+]
GDP per capita 54570.40 53222.75 58009.79 15049.46 USD [+]
Gross Fixed Capital Formation 52383.00 45102.00 102237.00 25020.00 ISK Million [+]
GDP per capita PPP 39545.70 38569.09 42038.13 27496.73 USD [+]


GDP Growth Rate Reference Previous Highest Lowest Unit
Australia 0.90 Mar/15 0.50 4.50 -2.00 percent [+]
Brazil -0.20 Mar/15 0.30 4.50 -4.20 percent [+]
Canada -0.10 Mar/15 0.60 3.33 -1.80 percent [+]
China 1.30 Mar/15 1.50 2.50 1.30 percent [+]
Euro Area 0.40 Mar/15 0.40 1.30 -2.90 percent [+]
France 0.60 Mar/15 0.10 7.70 -5.00 percent [+]
Germany 0.30 Mar/15 0.70 2.10 -3.70 percent [+]
India 4.10 Mar/15 3.10 7.40 -3.40 percent [+]
Indonesia -0.18 Mar/15 -2.06 3.83 -3.57 percent [+]
Italy 0.30 Mar/15 0.00 6.00 -3.50 percent [+]
Japan 1.00 Mar/15 0.30 3.20 -4.00 percent [+]
Mexico 0.40 Mar/15 0.70 2.90 -6.60 percent [+]
Netherlands 0.60 Mar/15 0.90 2.00 -2.20 percent [+]
Russia -1.29 Mar/15 -0.55 4.10 -5.40 percent [+]
South Korea 0.80 Mar/15 0.30 6.80 -7.00 percent [+]
Spain 1.00 Jun/15 0.90 1.53 -1.60 percent [+]
Switzerland -0.20 Mar/15 0.50 1.90 -2.20 percent [+]
Turkey 1.30 Mar/15 0.80 6.69 -7.57 percent [+]
United Kingdom 0.40 Mar/15 0.80 5.00 -2.70 percent [+]
United States -0.20 Mar/15 2.20 16.90 -10.00 percent [+]