Latest: Colombia 15:00 Colombian Presidential Election Forecast: 0
Latest: Switzerland 12:00 SNB Gov Board Member Zurbrugg Speaks Forecast: 0
Latest: United Arab Emirates 16:05 GDP (YoY) Forecast: 0 % Actual: -6.1%
Latest: South Africa 16:00 SARB Monetary Policy Review Forecast: 0
Latest: United Kingdom 12:30 Annual Budget Release Forecast: 0

Economy of Iceland. Statistics, Data and Indicators

flag
Iceland
55A Credit rank #53
N/A Quality of life #
14 Corruption rank#15
26 Ease of doing business#21
Iceland


Iceland Major Economic Indicators

Indicator Data Period
GDP Value 25.6 USD Billion 2021
GDP Annual Growth Rate 7.3 % 3Q/22
GDP Growth Rate -0.5 % 3Q/22
GDP per capita 54417 USD 2021
Inflation Rate YoY 9.9 % Jan/23
Interest Rate 6 % Dec/22
Unemployment Rate 3.3 % Dec/22
Wages 770000 ISK/Month | 5459.148 USD/Month 2021
Balance of Trade -12767 ISK Million | -0.091 B USD Dec/22
Current Account 23121 ISK Billion | 163.923 B USD 3Q/22
Foreign Exchange Reserves 837086 ISK Million | 5.935 B USD Dec/22


GDP Indicators

Indicator Data Period
GDP Value 25.6 USD Billion 2021
GDP Annual Growth Rate 7.3 % 3Q/22
GDP Growth Rate -0.5 % 3Q/22
GDP per capita 54417 USD 2021
Gross National Product 2705807 ISK Million | 19.184 USD Billion 2021
GDP Constant Prices 710110 ISK Million | 5.035 B USD 3Q/22
GDP per capita PPP 53586 USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 75 % 2021
Government Budget Value -53.3 ISK Billion | -0.378 USD Billion 3Q/22
Government Spending 165774 ISK Million | 1.175 USD Billion 3Q/22
Government Revenues 394 ISK Billion | 2.793 USD Billion 3Q/22
Fiscal Expenditure  448 ISK Billion | 3.176 B USD 3Q/22
Government Budget to GDP -8.9 % 2021
Government Spending to GDP 49.3 % 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 569 index points Jan/23
Export Prices 117 index points 2021
Food Inflation 10.8 % Jan/23
Gasoline Prices 2.28 USD/Liter Jan/23
GDP Deflator 121 index points 2021
Import Prices 114 index points 2021
Inflation Rate YoY 9.9 % Jan/23
Producer Prices 289 index points Dec/22
Inflation Rate Mom 0.9 % Jan/23
Core Consumer Prices 317 Index Points Jan/23
Core Inflation Rate 9.13 % Jan/23
CPI Housing Utilities 598 Index Points Jan/23
CPI Transportation 189 Index Points Jan/23
Harmonised Consumer Prices 116 Index Points Dec/22
Producer Prices Change  8.5 % Dec/22


Trade Indicators

Indicator Data Period
Current Account to GDP -2.7 % 2021
Balance of Trade -12767 ISK Million | -0.091 USD Billion Dec/22
Capital Flows 61709 ISK Billion | 437.505 USD Billion 3Q/22
Current Account 23121 ISK Billion | 163.923 USD Billion 3Q/22
Exports 101234 ISK Million | 0.718 USD Billion Dec/22
External Debt 2898613 ISK Billion | 20550.594 USD Billion 3Q/22
Foreign Exchange Reserves 837086 ISK Million | 5.935 USD Billion Dec/22
Imports 114001 ISK Million | 0.808 USD Billion Dec/22
Tourist Arrivals 114788 Persons | 0.115 Million Persons Dec/22


Money Indicators

Indicator Data Period
Gold Reserves 1.98 Tonnes 4Q/22
Interbank Rate 6.49 % Feb/23
Interest Rate 6 % Dec/22
Money Supply M0 163 ISK Billion | 1.156 USD Billion Dec/22
Money Supply M1 819 ISK Billion | 5.807 USD Billion Dec/22
Money Supply M2 1789 ISK Billion | 12.684 USD Billion Dec/22
Money Supply M3 2549 ISK Billion | 18.072 USD Billion Dec/22
Central Bank Balance Sheet 874026 ISK Million | 6.197 B USD Dec/22
Foreign Direct Investment 89995 ISK Billion | 638.047 B USD 3Q/22


Labor Indicators

Indicator Data Period
Retirement Age Men 67 2022
Retirement Age Women 67 2022
Unemployment Rate 3.3 % Dec/22
Wages 770000 ISK/Month | 5459.148 USD/Month 2021
Youth Unemployment Rate 5.3 % Dec/22
Employed Persons 213600 Person | 0.214 Million Person Dec/22
Employment Rate  77.2 % Dec/22
Full Time Employment 158 Thousand Person 3Q/22
Job Vacancies 760 | 0.76 K Apr/22
Labor Force Participation Rate 79.8 % Dec/22
Part Time Employment 42.1 Thousand Persons 3Q/22
Unemployed Persons 7200 Persons | 0.007 Million Persons Dec/22
Wage Growth  2.6 % Dec/22


Taxes



Business Indicators

Indicator Data Period
Bankruptcies 43 companies Nov/22
Corruption Index 74 index points 2022
Corruption Rank 14 place 2022
Ease of Doing Business 26 place 2019
Competitiveness Index 74.72 Index Points 2019
Competitiveness Rank 26 2019


Consumer Indicators

Indicator Data Period
Consumer Confidence 90.08 index points Nov/22
Private Debt To GDP 242 % 2021
Consumer Spending 389713 ISK Million | 2.763 USD Billion 3Q/22
Disposable Personal Income 4272 ISK Thousand | 0 B USD 2019