Iceland GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Iceland expanded 3.80 percent in the fourth quarter of 2013 over the same quarter of the previous year. GDP Annual Growth Rate in Iceland is reported by the Statistics Iceland. GDP Annual Growth Rate in Iceland averaged 2.83 Percent from 1998 until 2013, reaching an all time high of 13.30 Percent in the first quarter of 1999 and a record low of -8.60 Percent in the fourth quarter of 2009. In Iceland, the annual growth rate in GDP measures the change in the value of the goods and services produced by the country economy during the period of a year. This page provides - Iceland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. 2014-04-25

Actual Previous Highest Lowest Forecast Dates Unit Frequency
3.80 4.90 13.30 -8.60 3.29 | 2013/12 1998 - 2013 Percent Quarterly

TO

Iceland GDP Annual Growth Rate
LIST BY COUNTRY


CALENDAR GMT Country Event Reference Actual Previous Consensus Forecast
2013-06-07 10:00 AM Iceland
GDP Growth Rate YoY
Q1 2013 0.8% 1.4% 0.79%
2013-09-06 10:00 AM Iceland
GDP Growth Rate YoY
Q2 2013 4.2% 0.3% (R) 2.14%
2013-12-06 09:00 AM Iceland
GDP Growth Rate YoY
Q3 2013 4.9% 3.8% (R) 2.18%
2014-03-07 09:00 AM Iceland
GDP Growth Rate YoY
Q4 2013 3.8% 4.9% 3.29%
2014-06-06 09:00 AM Iceland
GDP Growth Rate YoY
Q1 2014 3.8% 5.4%
2014-09-10 09:00 AM Iceland
GDP GROWTH RATE YOY
Q2 2014 5.58%
[+]

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 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 Annual Growth Rate | Notes
The annual growth rate in Gross Domestic Product measures the increase in value of the goods and services produced by an economy over the period of a year. Therefore, unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment.


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.
MORE RELATED NEWS

LATEST NEWS

Tokyo Core CPI At 22- Year High in April  
Core consumer prices in Tokyo, a leading indicator of nationwide inflation, rose 2.7 percent in April from a year earlier, the fastest gain since 1992 as an increase in sales tax drove up cost of goods and services.
US Durable Goods Orders Surge in March  
New orders for manufactured durable goods in March increased $6.0 billion or 2.6 percent to $234.8 billion. This increase, up two consecutive months, followed a 2.1 percent February increase.
US Jobless Claims Rise in Latest Week  
In the week ending April 19, the advance figure for seasonally adjusted initial claims was 329,000, an increase of 24,000 from the previous week's revised level. There were no special factors impacting this week's initial claims.
Central Bank of Turkey Leaves Main Rates on Hold  
The Monetary Policy Committee decided on April 24th, 2014, to leave the one-week repo rate on hold at 10.0 percent for the third straight meeting. The Central Bank said it will maintain the current policy stance until there is a significant improvement in the outlook for inflation.
Swiss Trade Surplus Narrows Further in March  
The trade surplus decreased 10.6 percent in March of 2014 from the previous month to CHF 2.1 billion as imports rose at a higher pace than exports. Compared with a year earlier, the trade balance increased by 17.2 percent, driven by stronger sales of pharmaceuticals and chemicals products, and machinery to Europe and China.
Polish Unemployment Rate Falls in March  
Poland’s jobless rate dropped for the second straight month in March of 2014 to 13.5 percent, down from 13.9 percent in February and below market forecasts. A year earlier, unemployment was recorded at 14.3 percent.
South Korean Economy Expands at a Fastest Pace  
In the first quarter of 2014, South Korea’s GDP accelerated for the fourth straight quarter to an annual 3.9 percent growth rate, driven by exports.
South Korea GDP Growth Beats Expectations in Q1  
South Korean GDP expanded a seasonally adjusted 0.9 percent on quarter in the first three months of 2014, the same rate recorded in the previous quarter and above market expectations.
Reserve Bank of New Zealand Increases Interest Rate to 3.0%  
At its April 23rd, 2014 meeting, the Reserve Bank of New Zealand lifted the benchmark interest rate for the second straight meeting by 25 bps to 3.0 percent, as inflationary pressures were increasing and were expected to continue doing so over the next two years.
US New Home Sales Fall Sharply in March  
Sales of new single-family houses dropped 14.5 percent in March of 2014 to their lowest level in eight months. Sales were recorded at a seasonally adjusted annual rate of 384,000, below the revised February rate of 449,000.
MORE TOP NEWS

OVERVIEW    |     WORLBANK    |     [+] Calendar    |     [+] Countries    |     [+] Indicators    |     News