Iceland | Economic Indicators

Overview Last Reference
GDP Growth Rate 2.6 % Dec/16
Unemployment Rate 3.1 % Feb/17
Inflation Rate 1.6 % Mar/17
Interest Rate 5 % Mar/17
Balance of Trade -16200 ISK Million Mar/17
Government Debt to GDP 68.5 % Dec/15
Markets Last Reference
Currency 109 Apr/17
Stock Market 1339 points Apr/17
Government Bond 10y 4.85 % Apr/17
GDP Last Reference
GDP Growth Rate 2.6 % Dec/16
GDP Annual Growth Rate 11.3 % Dec/16
GDP 16.6 USD Billion Dec/15
GDP Constant Prices 351840 ISK Million Dec/16
Gross National Product 1352143 ISK Million Dec/16
Gross Fixed Capital Formation 67873 ISK Million Dec/16
GDP per capita 45411 USD Dec/15
GDP per capita PPP 42449 USD Dec/15
Labour Last Reference
Unemployment Rate 3.1 % Feb/17
Employed Persons 192300 Jan/17
Unemployed Persons 7300 Jan/17
Labor Force Participation Rate 82.7 % Jan/17
Youth Unemployment Rate 8.9 % Jan/17
Job Vacancies 279 Mar/17
Wages 553000 ISK/Month Dec/15
Wage Growth 7.5 % Nov/16
Population 0.33 Million Dec/16
Retirement Age Women 67 Dec/16
Retirement Age Men 67 Dec/16
Employment Rate 79.7 % Jan/17
Full Time Employment 135 Thousand Dec/16
Part Time Employment 45.6 Thousand Dec/16
Prices Last Reference
Inflation Rate 1.6 % Mar/17
Consumer Price Index CPI 440 Index Points Mar/17
Harmonised Consumer Prices 98.5 Index Points Mar/17
Core Consumer Prices 248 Index Points Mar/17
Core Inflation Rate 1.6 % Mar/17
GDP Deflator 180 Index Points Dec/16
Producer Prices 188 Index Points Feb/17
Export Prices 194 Index Points Dec/16
Import Prices 208 Index Points Dec/16
Cpi Transportation 151 Index Points Mar/17
Food Inflation -1.6 % Mar/17
Inflation Rate Mom 0.1 % Mar/17
Producer Prices Change -5.5 % Feb/17
Money Last Reference
Interest Rate 5 % Mar/17
Interbank Rate 5.22 % Apr/17
Money Supply M0 52768 ISK Million Feb/17
Money Supply M1 447 ISK Billion Feb/17
Money Supply M2 954 ISK Billion Feb/17
Money Supply M3 1650 ISK Billion Feb/17
Banks Balance Sheet 3301570 ISK Million Jan/17
Foreign Exchange Reserves 823982 ISK Million Mar/17
Deposit Interest Rate 4.85 % Dec/04
Central Bank Balance Sheet 937774 ISK Million Sep/16
Private Debt to GDP 324 % Dec/15
Trade Last Reference
Balance of Trade -16200 ISK Million Mar/17
Exports 39500 ISK Million Mar/17
Imports 55700 ISK Million Mar/17
Current Account 44.72 ISK Billion Dec/16
Current Account to GDP 4.2 % Dec/15
External Debt 2823222 ISK Million Dec/16
Capital Flows 113 ISK Billion Dec/16
Gold Reserves 1.98 Tonnes Dec/16
Foreign Direct Investment -78286 ISK Million Dec/16
Remittances 825 ISK Million Dec/16
Terrorism Index 0.25 Dec/15
Tourist Arrivals 124780 Dec/16
Government Last Reference
Government Debt to GDP 68.5 % Dec/15
Government Budget -0.5 % of GDP Dec/15
Government Budget Value -94815 ISK Million Dec/16
Government Spending 72166 ISK Million Dec/16
Government Spending to GDP 41.2 % Dec/16
Government Revenues 101348 ISK Million Dec/16
Fiscal Expenditure 196163 ISK Million Dec/16
Credit Rating 55.45
Business Last Reference
Changes in Inventories -5158 ISK Million Dec/16
Car Registrations 2711 Cars Mar/17
Bankruptcies 100 companies Nov/16
Competitiveness Index 4.96 Points Dec/17
Competitiveness Rank 27 Dec/17
Corruption Index 78 Points Dec/16
Corruption Rank 14 Dec/16
Ease of Doing Business 20 Dec/16
Consumer Last Reference
Consumer Confidence 129 Mar/17
Consumer Spending 183054 ISK Million Dec/16
Disposable Personal Income 2949 ISK Thousand Dec/14
Gasoline Prices 1.66 USD/Liter Mar/17
Housing Last Reference
Housing Index 376 Index Points Mar/17
Home Ownership Rate 77.8 % Dec/15
Housing Starts 1612 units Dec/15
Taxes Last Reference
Corporate Tax Rate 20 % Dec/17
Personal Income Tax Rate 46.3 % Dec/16
Sales Tax Rate 24 % Dec/17
Social Security Rate 11.35 % Dec/16
Social Security Rate For Companies 7.35 % Dec/16
Social Security Rate For Employees 4 % Dec/16




Economic Indicators for Iceland including actual values, historical data charts, an economic calendar, time-series statistics, business news, long term forecasts and short-term predictions for Iceland economy. 4/24/2017