Iceland GDP Annual Growth Rate  1998-2017 | Data | Chart | Calendar

Iceland's gross domestic product advanced by 4.7 percent on quarter in the three months to September 2016, following a revised 3.8 percent growth in the previous period. It was the strongest reading since the fourth quarter of 2007, mainly boosted by a sharp rise in exports (+16.4 percent from +5.8 percent in Q2). Household consumption expanded by 6 percent (+7.4 percent in Q2), fixed investment grew by 24 percent (+31.6 percent in Q2) and public spending advanced by 1.6 percent (+1.4 percent in Q2) and imports rose by 16.9 percent (+17.2 percent in Q2). GDP Annual Growth Rate in Iceland averaged 3.24 percent from 1998 until 2016, reaching an all time high of 13.40 percent in the first quarter of 1999 and a record low of -9.30 percent in the fourth quarter of 2009.

Iceland GDP Annual Growth Rate
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Calendar GMT Reference Actual Previous Consensus Forecast (i)
2016-06-07 09:00 AM Q1 4.2% 3.2% 4.9% 3.7%
2016-09-09 09:00 AM Q2 3.7% 4.4% 3.8%
2016-12-07 09:00 AM Q3 10.2% 3.8% 4%
2017-03-09 09:00 AM Q4 10.2% 8.5%
2017-06-08 09:00 AM Q1 7.6%
2017-09-08 09:00 AM Q2 6.2%




Iceland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 4.70 1.70 6.20 -8.90 percent [+]
GDP Annual Growth Rate 10.20 3.80 13.40 -9.30 percent [+]
GDP 16.60 17.04 21.29 0.25 USD Billion [+]
GDP Constant Prices 340852.00 326042.00 340852.00 180870.00 ISK Million [+]
Gross National Product 1232150.00 1133236.00 1232150.00 496273.00 ISK Million [+]
Gross Fixed Capital Formation 67396.00 66795.00 109738.00 30531.00 ISK Million [+]
GDP per capita 45411.04 44141.07 45556.86 11465.04 USD [+]
GDP per capita PPP 42449.19 41262.04 42585.49 27021.00 USD [+]



Iceland GDP Annual Growth Rate Notes

Iceland's economy depends heavily on the fishing industry, which provides 40 percent of export earnings, more than 12 percent of GDP, and employs nearly 5 percent of the work force. Its economy has been diversifying into manufacturing and service industries in the last decade, particularly within the fields of software production, biotechnology, and tourism. On the expenditure side, household consumption is the main component of GDP and accounts for 53 percent of its total use, followed by government expenditure (24 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 54 percent of GDP while imports account for 47 percent, adding 7 percent of total GDP. This page provides - Iceland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland GDP Annual Growth Rate - actual data, historical chart and calendar of releases - was last updated on February of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
10.20 3.80 13.40 -9.30 1998 - 2016 percent Quarterly
NSA



Last
Iceland 10.20 Sep/16
Ivory Coast 9.90 Sep/16
Ethiopia 9.60 Dec/15
Papua New Guinea 9.00 Dec/15
Uzbekistan 7.80 Dec/16
India 7.30 Sep/16
Cambodia 7.20 Dec/16
Bangladesh 7.11 Dec/16
Laos 7.00 Dec/15
Myanmar 7.00 Dec/15
Ireland 6.90 Sep/16
Tajikistan 6.90 Dec/16
China 6.80 Dec/16
Maldives 6.80 Jun/16
Djibouti 6.70 Dec/15
Vietnam 6.68 Dec/16
Philippines 6.60 Dec/16
Moldova 6.30 Sep/16
Tanzania 6.20 Sep/16
Turkmenistan 6.20 Dec/16
Senegal 6.00 Sep/16
Dominican Republic 5.80 Sep/16
Kenya 5.70 Sep/16
Chad 5.60 Dec/15
Niger 5.60 Sep/16
Bhutan 5.50 Dec/15
Togo 5.50 Sep/16
Burkina Faso 5.40 Sep/16
Mali 5.40 Sep/16
Monaco 5.40 Dec/15
Sao Tome and Principe 5.30 Dec/15
Guinea Bissau 5.20 Sep/16
Palestine 5.20 Sep/16
Rwanda 5.20 Sep/16
Benin 5.00 Sep/16
Paraguay 5.00 Sep/16
Indonesia 4.94 Dec/16
Central African Republic 4.90 Dec/15
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Luxembourg 4.80 Sep/16
Panama 4.80 Sep/16
Gambia 4.70 Dec/15
Romania 4.70 Dec/16
Ukraine 4.70 Dec/16
Botswana 4.50 Sep/16
Malaysia 4.50 Dec/16
East Timor 4.30 Dec/15
Nicaragua 4.30 Sep/16
Seychelles 4.30 Dec/15
Pakistan 4.24 Dec/15
Fiji 4.20 Dec/15
Gabon 4.20 Dec/15
Sri Lanka 4.10 Sep/16
Cape Verde 4.00 Sep/16
Ghana 4.00 Sep/16
Macau 4.00 Sep/16
Mauritius 4.00 Sep/16
Costa Rica 3.99 Sep/16
Algeria 3.90 Dec/15
Bahrain 3.90 Sep/16
Israel 3.80 Sep/16
Kosovo 3.80 Sep/16
Kyrgyzstan 3.80 Dec/16
Cameroon 3.70 Mar/16
Qatar 3.70 Sep/16
Honduras 3.60 Dec/15
Zambia 3.60 Dec/15
New Zealand 3.50 Sep/16
Bulgaria 3.40 Dec/16
Lesotho 3.40 Dec/15
United Arab Emirates 3.40 Dec/15
Bolivia 3.24 Jun/16
Comoros 3.20 Dec/15
Albania 3.10 Sep/16
Mauritania 3.10 Dec/15
Slovakia 3.10 Dec/16
Cayman Islands 3.00 Jun/16
Guyana 3.00 Dec/15
Lithuania 3.00 Dec/16
Madagascar 3.00 Dec/15
Malta 3.00 Sep/16
Peru 3.00 Dec/16
Spain 3.00 Dec/16
Thailand 3.00 Dec/16
Croatia 2.90 Sep/16
Malawi 2.90 Dec/15
Singapore 2.90 Dec/16
Taiwan 2.88 Dec/16
Cyprus 2.80 Dec/16
Sweden 2.80 Sep/16
Poland 2.70 Dec/16
Slovenia 2.70 Sep/16
Somalia 2.70 Dec/15
Guatemala 2.60 Sep/16
El Salvador 2.51 Sep/16
Congo 2.50 Dec/16
Serbia 2.50 Dec/16
Bosnia and Herzegovina 2.40 Sep/16
Iraq 2.40 Dec/15
Macedonia 2.40 Sep/16
Montenegro 2.40 Sep/16
Egypt 2.30 Mar/16
Georgia 2.30 Sep/16
Netherlands 2.30 Dec/16
South Korea 2.30 Dec/16
Mexico 2.20 Dec/16
New Caledonia 2.20 Dec/15
United Kingdom 2.20 Dec/16
Afghanistan 2.10 Dec/15
Latvia 2.10 Dec/16
Jamaica 2.00 Sep/16
Uruguay 2.00 Sep/16
Hong Kong 1.90 Sep/16
Portugal 1.90 Dec/16
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Australia 1.80 Sep/16
Austria 1.80 Dec/16
European Union 1.80 Dec/16
Jordan 1.80 Sep/16
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Uganda 1.75 Sep/16
Czech Republic 1.70 Dec/16
Euro Area 1.70 Dec/16
Japan 1.70 Dec/16
Swaziland 1.70 Dec/15
Barbados 1.60 Dec/16
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Zimbabwe 1.50 Dec/15
Haiti 1.40 Dec/16
Canada 1.30 Sep/16
Estonia 1.30 Sep/16
Switzerland 1.30 Sep/16
Tunisia 1.30 Sep/16
Colombia 1.20 Sep/16
Denmark 1.20 Sep/16
Germany 1.20 Dec/16
Morocco 1.20 Dec/16
Republic of the Congo 1.20 Dec/15
Belgium 1.10 Dec/16
France 1.10 Dec/16
Italy 1.10 Dec/16
Mozambique 1.10 Dec/16
Lebanon 1.00 Dec/15
Mongolia 1.00 Dec/16
Saudi Arabia 0.90 Sep/16
Nepal 0.77 Dec/15
South Africa 0.70 Sep/16
Bahamas 0.60 Dec/16
Iran 0.60 Mar/15
Kazakhstan 0.40 Sep/16
Eritrea 0.30 Dec/15
Greece 0.30 Dec/16
Liberia 0.30 Dec/15
Finland 0.20 Dec/16
Guinea 0.10 Dec/15
Russia -0.40 Sep/16
Puerto Rico -0.60 Dec/15
Belize -0.80 Sep/16
Liechtenstein -0.80 Dec/14
Cuba -0.90 Dec/16
Namibia -1.00 Sep/16
North Korea -1.10 Dec/15
Ecuador -1.60 Sep/16
Turkey -1.80 Sep/16
Suriname -2.10 Dec/15
Nigeria -2.24 Sep/16
Syria -2.30 Dec/11
Armenia -2.60 Sep/16
Brazil -2.90 Sep/16
Belarus -3.40 Sep/16
Argentina -3.80 Sep/16
Azerbaijan -3.80 Dec/16
Brunei -3.80 Sep/16
Burundi -4.10 Dec/15
Angola -4.30 Sep/16
South Sudan -5.30 Dec/15
Libya -6.00 Dec/15
Trinidad and Tobago -8.00 Jun/16
Equatorial Guinea -10.60 Dec/15
Oman -14.10 Dec/15
Venezuela -18.60 Dec/16
Sierra Leone -21.50 Dec/15
Yemen -28.10 Dec/15