http://www.tradingeconomics.com/RSS Feed60http://www.tradingeconomics.com/iceland/interest-rateThe benchmark interest rate in Iceland was last reported at 5.50 percent. Historically, from 1998 until 2012, Iceland Interest Rate averaged 9.6300 Percent reaching an all time high of 18.0000 Percent in October of 2008 and a record low of 4.2500 Percent in February of 2011. In Iceland, interest rates decisions are taken by the board of Governors of the Central Bank of Iceland (Seðlabanki Íslands). The main interest rate is the nominal rate. This page includes a chart with historical data for Iceland Interest Rate.Central Bank of IcelandWed, 16 May 2012 12:24:00 GMThttp://www.tradingeconomics.com/iceland/unemployment-rateThe unemployment rate in Iceland was last reported at 7.1 in March of 2012. Historically, from 2001 until 2012, Iceland Unemployment Rate averaged 3.6900 Percent reaching an all time high of 9.3000 Percent in February of 2010 and a record low of 0.8000 Percent in September of 2007. The unemployment rate can be defined as the number of people actively looking for a job as a percentage of the labour force. This page includes a chart with historical data for Iceland Unemployment Rate.Iceland Directorate of LabourFri, 11 May 2012 14:06:00 GMThttp://www.tradingeconomics.com/iceland/inflation-cpiThe inflation rate in Iceland was recorded at 6.40 percent in April of 2012. Historically, from 1989 until 2012, Iceland Inflation Rate averaged 5.7600 Percent reaching an all time high of 25.2000 Percent in December of 1989 and a record low of -0.0600 Percent in November of 1994. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes a chart with historical data for Iceland Inflation Rate.Statistics IcelandFri, 11 May 2012 13:59:00 GMThttp://www.tradingeconomics.com/iceland/current-accountIceland reported a current account deficit equivalent to 48.9 Billions ISK in the fourth quarter of 2011. Historically, from 1990 until 2011, Iceland Current Account averaged -20095.1900 Million ISK reaching an all time high of 9701.0000 Million ISK in September of 2002 and a record low of -139040.0000 Million ISK in June of 2008. Current Account is the sum of the balance of trade (exports minus imports of goods and services), net factor income (such as interest and dividends) and net transfer payments (such as foreign aid). This page includes a chart with historical data for Iceland Current Account.Central Bank of IcelandFri, 11 May 2012 13:54:00 GMThttp://www.tradingeconomics.com/iceland/balance-of-tradeIceland reported a trade surplus equivalent to 5361 Millions ISK in March of 2012. Historically, from 1989 until 2012, Iceland Balance of Trade averaged -354.4900 Million ISK reaching an all time high of 24063.6000 Million ISK in December of 2008 and a record low of -22857.1000 Million ISK in July of 2008. Iceland's economy is highly export-driven. Iceland’s main exports are fish and fish products, aluminum and alloys and animal products. Iceland’s main imports are machinery and equipment, petroleum products, foodstuffs and textiles. European Union is by far its largest trading partner, accounting for about 75% of exports and 60% of imports. Other major trading partners are The United States and Japan. This page includes a chart with historical data for Iceland Balance of Trade.Statistics IcelandFri, 11 May 2012 13:50:00 GMThttp://www.tradingeconomics.com/iceland/importsIceland imports were worth 49252 Millions ISK in March of 2012. Historically, from 1989 until 2012, Iceland Imports averaged 18975.0600 Million ISK reaching an all time high of 57036.7000 Million ISK in July of 2008 and a record low of 3736.8000 Million ISK in January of 1989. Iceland’s main imports are machinery and equipment, petroleum products, foodstuffs and textiles. Iceland’s major import partners are European Union members (Sweden, Denmark, UK), United States and China. This page includes a chart with historical data for Iceland Imports.Statistics IcelandFri, 11 May 2012 13:49:00 GMThttp://www.tradingeconomics.com/iceland/exportsIceland exports were worth 54613 Millions ISK in March of 2012. Historically, from 1989 until 2012, Iceland Exports averaged 18656.6400 Million ISK reaching an all time high of 62463.0000 Million ISK in October of 2011 and a record low of 4371.7000 Million ISK in January of 1989. Iceland's economy is highly export-driven. Iceland’s main exports are fish and fish products 40%, aluminum and alloys 40% and animal products. Fishing industry provides 70% of export income. Iceland’s main export partners are Euro Area, United Kingdom and United States. This page includes a chart with historical data for Iceland Exports.Statistics IcelandFri, 11 May 2012 13:48:00 GMThttp://www.tradingeconomics.com/iceland/gdp-growth-annualThe Gross Domestic Product (GDP) in Iceland expanded 2.70 percent in the fourth quarter of 2011 over the same quarter of the previous year. Historically, from 1998 until 2011, Iceland GDP Annual Growth Rate averaged 2.9200 Percent reaching an all time high of 13.3000 Percent in March of 1999 and a record low of -8.6000 Percent in December of 2009. 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. This page includes a chart with historical data for Iceland GDP Annual Growth Rate.Statistics IcelandThu, 08 Mar 2012 13:56:00 GMThttp://www.tradingeconomics.com/iceland/gdp-growthThe Gross Domestic Product (GDP) in Iceland expanded 1.90 percent in the fourth quarter of 2011 over the previous quarter. Historically, from 1997 until 2011, Iceland GDP Growth Rate averaged 0.7700 Percent reaching an all time high of 10.2000 Percent in June of 1998 and a record low of -6.3000 Percent in March of 2002. The Gross Domestic Product (GDP) growth rate provides an aggregated measure of changes in value of the goods and services produced by an economy. 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 includes a chart with historical data for Iceland GDP Growth Rate.Statistics IcelandThu, 08 Mar 2012 13:42:00 GMThttp://www.tradingeconomics.com/iceland/gdp-per-capitaThe Gross Domestic Product per capita in Iceland was last reported at 34009.70 US dollars in 2010, according to a report published by the World Bank. The GDP per Capita in Iceland is equivalent to 275 percent of the world's average. Historically, from 1960 until 2010, Iceland GDP per capita averaged 23312.2200 USD reaching an all time high of 38185.3300 USD in December of 2007 and a record low of 9908.2100 USD in December of 1961. The GDP per capita is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. This page includes a chart with historical data for Iceland GDP per capita.World BankWed, 04 Jan 2012 19:04:00 GMThttp://www.tradingeconomics.com/iceland/gdp-per-capita-pppThe Gross Domestic Product per capita in Iceland was last reported at 34894.87 US dollars in 2010, when adjusted by purchasing power parity (PPP), according to a report published by the World Bank. The GDP per Capita, in Iceland, when adjusted by Purchasing Power Parity is equivalent to 159 percent of the world's average. Historically, from 1980 until 2010, Iceland GDP per capita PPP averaged 25044.2000 USD reaching an all time high of 39375.4500 USD in December of 2008 and a record low of 12002.4300 USD in December of 1980. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page includes a chart with historical data for Iceland GDP per capita PPP.World BankWed, 04 Jan 2012 19:02:00 GMThttp://www.tradingeconomics.com/iceland/population Historically, from 1960 until 2010, Iceland Population averaged 0.2400 Million reaching an all time high of 0.3200 Million in December of 2009 and a record low of 0.1800 Million in December of 1960. The total population in Iceland was last reported at 0.3 million people in 2010 from 0.2 million in 1960, changing 78 percent during the last 50 years. Iceland has 0.00 percent of the world´s total population which means that one person in every 21598 people on the planet is a resident of Iceland. This page includes a chart with historical data for Iceland's Total Population. This page includes a chart with historical data for Iceland Population.World BankFri, 28 Oct 2011 13:56:00 GMThttp://www.tradingeconomics.com/iceland/government-debt-to-gdpIceland recorded a Government Debt to GDP of 87.80 percent of the country's Gross Domestic Product in 2009. Historically, from 1980 until 2009, Iceland Government Debt To GDP averaged 41.1900 Percent reaching an all time high of 87.8000 Percent in December of 2009 and a record low of 23.0000 Percent in December of 1981. Generally, Government debt as a percent of GDP is used by investors to measure a country ability to make future payments on its debt, thus affecting the country borrowing costs and government bond yields. This page includes a chart with historical data for Iceland Government Debt To GDP.EurostatFri, 28 Oct 2011 13:56:00 GMThttp://www.tradingeconomics.com/iceland/government-budgetIceland reported a Government Budget deficit equal to 9.10 percent of the country's Gross Domestic Product in 2009. Historically, from 1998 until 2009, Iceland Government Budget averaged -0.1600 Percent of GDP reaching an all time high of 6.3000 Percent of GDP in December of 2006 and a record low of -13.5000 Percent of GDP in December of 2008. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes a chart with historical data for Iceland Government Budget.EurostatFri, 28 Oct 2011 13:56:00 GMThttp://www.tradingeconomics.com/iceland/gdpThe Gross Domestic Product (GDP) in Iceland was worth 12.59 billion US dollars in 2010, according to a report published by the World Bank. The GDP value of Iceland is roughly equivalent to 0.02 percent of the world economy. Historically, from 1960 until 2010, Iceland GDP averaged 5.3900 billion USD reaching an all time high of 20.4300 billion USD in December of 2007 and a record low of 0.2500 billion USD 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 includes a chart with historical data for Iceland GDP.The World Bank GroupFri, 28 Oct 2011 13:56:00 GMT