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Economy of Iceland. Statistics, Data and Indicators

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


Iceland Major Economic Indicators

Indicator Data Period
GDP Value 24.7 USD Billion 2019
GDP Annual Growth Rate 4.7 % 4Q/19
GDP Growth Rate 4.8 % 4Q/19
GDP per capita 52103 USD 2018
Inflation Rate YoY 2.1 % Mar/20
Interest Rate 1.75 % Mar/20
Unemployment Rate 5 % Feb/20
Wages 669000 ISK/Month | 4743.27 USD/Month 2018
Balance of Trade -1924 ISK Million | -0.014 B USD Feb/20
Current Account 51 ISK Billion | 0.362 B USD 4Q/19
Foreign Exchange Reserves 855289 ISK Million | 6.064 B USD Feb/20


GDP
vvp
24.7
USD Billion
#107 from 174 countries
GDP per capita
vvp
52103
USD
#13 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 24.7 USD Billion 2019
GDP Annual Growth Rate 4.7 % 4Q/19
GDP Growth Rate 4.8 % 4Q/19
GDP per capita 52103 USD 2018
Gross National Product 1499287 ISK Million | 10.63 USD Billion 2019
GDP Constant Prices 393889 ISK Million | 2.793 B USD 4Q/19
GDP per capita PPP 48606 USD 2018


Budget Indicators

Indicator Data Period
Government Debt to GDP 37.7 % 2018
Government Budget Value -5.5 ISK Billion | -0.039 USD Billion 3Q/19
Government Spending 83258 ISK Million | 0.59 USD Billion 4Q/19
Government Revenues 307 ISK Billion | 2.177 USD Billion 3Q/19
Fiscal Expenditure  312 ISK Billion | 2.212 B USD 3Q/19
Government Budget to GDP 1.1 % 2018
Government Spending to GDP 41.7 % 2018


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 475 index points Mar/20
Export Prices 216 index points 2019
Food Inflation 2.3 % Mar/20
Gasoline Prices 1.4 USD/Liter Mar/20
GDP Deflator 196 index points 2019
Import Prices 238 index points 2019
Inflation Rate YoY 2.1 % Mar/20
Producer Prices 214 index points Feb/20
Inflation Rate Mom 0.2 % Mar/20
Core Consumer Prices 267 Index Points Mar/20
Core Inflation Rate 2.4 % Feb/20
CPI Housing Utilities 467 Index Points Mar/20
CPI Transportation 154 Index Points Mar/20
Harmonised Consumer Prices 102 Index Points Feb/20
Producer Prices Change  3 % Feb/20


Trade Indicators

Indicator Data Period
Current Account to GDP 2.8 % 2018
Balance of Trade -1924 ISK Million | -0.014 USD Billion Feb/20
Capital Flows 51.9 ISK Billion | 0.368 USD Billion 4Q/19
Current Account 51 ISK Billion | 0.362 USD Billion 4Q/19
Exports 48016 ISK Million | 0.34 USD Billion Feb/20
External Debt 2333 ISK Billion | 16.541 USD Billion 3Q/19
Foreign Exchange Reserves 855289 ISK Million | 6.064 USD Billion Feb/20
Imports 49939 ISK Million | 0.354 USD Billion Feb/20
Tourist Arrivals 131054 Persons | 0.131 Million Persons Nov/19


Money Indicators

Indicator Data Period
Gold Reserves 1.98 Tonnes 4Q/19
Interbank Rate 2.18 % Mar/20
Interest Rate 1.75 % Mar/20
Money Supply M0 112 ISK Billion | 0.794 USD Billion Nov/19
Money Supply M1 520 ISK Billion | 3.687 USD Billion Nov/19
Money Supply M2 1188 ISK Billion | 8.423 USD Billion Nov/19
Money Supply M3 1961 ISK Billion | 13.904 USD Billion Nov/19
Central Bank Balance Sheet 829840 ISK Million | 5.884 B USD Nov/19
Foreign Direct Investment 28.6 ISK Billion | 0.203 B USD 4Q/19


Labor Indicators

Indicator Data Period
Retirement Age Men 67 2018
Retirement Age Women 67 2018
Unemployment Rate 5 % Feb/20
Wages 669000 ISK/Month | 4743.27 USD/Month 2018
Youth Unemployment Rate 7.6 % Dec/19
Employed Persons 202700 Person | 0.203 Million Person Jan/20
Employment Rate  78 % Jan/20
Full Time Employment 153 Thousand Person 3Q/19
Job Vacancies 132 | 0.132 K Feb/20
Labor Force Participation Rate 81 % Jan/20
Part Time Employment 38.7 Thousand Persons 3Q/19
Unemployed Persons 7000 Persons | 0.007 Million Persons Jan/20
Wage Growth  1.5 % Nov/19


Taxes



Business Indicators

Indicator Data Period
Bankruptcies 52 companies Nov/19
Corruption Index 78 index points 2019
Corruption Rank 11 place 2019
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 62.2 index points Mar/20
Private Debt To GDP 315 % 2016
Consumer Spending 207932 ISK Million | 1.474 USD Billion 4Q/19
Disposable Personal Income 4100 ISK Thousand | 0 B USD 2018


Gold Reserves
gold_reserve_icon
1.98
Tonnes
#90 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
6.064
USD Billion
#77 from 114 countries


Government Budget Value
balance_icon
-0.039
USD Billion
#32 from 113 countries
Inflation Rate
inflation_icon
2.1
%
#72 from 174 countries


Interest Rate
discount_rate_icon
1.75
%
#94 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
5
%
#128 from 171 countries
Wages
salary_icon
4743.27
USD/Month
#4 from 82 countries


Retirement Age
man_icon
woman_icon
67
67
men
women
Taxes
company_icon
private_icon
20%
46.24%
company profits
income of individuals