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Economy of Iceland. Statistics, Data and Indicators

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


Iceland Major Economic Indicators

Indicator Data Period
GDP Value 25.46 USD Billion 2021
GDP Annual Growth Rate 8.6 % 1Q/22
GDP Growth Rate 1.1 % 1Q/22
GDP per capita 54292 USD 2021
Inflation Rate YoY 9.9 % Jul/22
Interest Rate 4.75 % Jun/22
Unemployment Rate 4 % Jun/22
Wages 731000 ISK/Month | 5332.769 USD/Month 2020
Balance of Trade -30998 ISK Million | -0.226 B USD Jul/22
Current Account -50273 ISK Billion | -366.75 B USD 1Q/22
Foreign Exchange Reserves 881010 ISK Million | 6.427 B USD Jun/22


GDP Indicators

Indicator Data Period
GDP Value 25.46 USD Billion 2021
GDP Annual Growth Rate 8.6 % 1Q/22
GDP Growth Rate 1.1 % 1Q/22
GDP per capita 54292 USD 2021
Gross National Product 2705807 ISK Million | 19.739 USD Billion 2021
GDP Constant Prices 689605 ISK Million | 5.031 B USD 1Q/22
GDP per capita PPP 53463 USD 2021


Budget Indicators

Indicator Data Period
Government Debt to GDP 75 % 2021
Government Budget Value -20.7 ISK Billion | -0.151 USD Billion 1Q/22
Government Spending 162977 ISK Million | 1.189 USD Billion 1Q/22
Government Revenues 370 ISK Billion | 2.699 USD Billion 1Q/22
Fiscal Expenditure  391 ISK Billion | 2.852 B USD 1Q/22
Government Budget to GDP -8.9 % 2021
Government Spending to GDP 49.3 % 2021


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 554 index points Jul/22
Export Prices 117 index points 2021
Food Inflation 8.2 % Jul/22
Gasoline Prices 2.47 USD/Liter Jul/22
GDP Deflator 121 index points 2021
Import Prices 114 index points 2021
Inflation Rate YoY 9.9 % Jul/22
Producer Prices 289 index points Jun/22
Inflation Rate Mom 1.2 % Jul/22
Core Consumer Prices 308 Index Points Jul/22
Core Inflation Rate 8.91 % Jul/22
CPI Housing Utilities 575 Index Points Jul/22
CPI Transportation 195 Index Points Jul/22
Harmonised Consumer Prices 114 Index Points Jun/22
Producer Prices Change  22.1 % Jun/22


Trade Indicators

Indicator Data Period
Current Account to GDP -2.7 % 2021
Balance of Trade -30998 ISK Million | -0.226 USD Billion Jul/22
Capital Flows -39302 ISK Billion | -286.715 USD Billion 1Q/22
Current Account -50273 ISK Billion | -366.75 USD Billion 1Q/22
Exports 75756 ISK Million | 0.553 USD Billion Jul/22
External Debt 2672610 ISK Billion | 19497.145 USD Billion 1Q/22
Foreign Exchange Reserves 881010 ISK Million | 6.427 USD Billion Jun/22
Imports 106754 ISK Million | 0.779 USD Billion Jul/22
Tourist Arrivals 67656 Persons | 0.068 Million Persons Jan/22


Money Indicators

Indicator Data Period
Gold Reserves 1.98 Tonnes 2Q/22
Interbank Rate 5.35 % Aug/22
Interest Rate 4.75 % Jun/22
Money Supply M0 128 ISK Billion | 0.934 USD Billion Jan/22
Money Supply M1 803 ISK Billion | 5.858 USD Billion Jan/22
Money Supply M2 1565 ISK Billion | 11.417 USD Billion Jul/21
Money Supply M3 2260 ISK Billion | 16.487 USD Billion Jul/21
Central Bank Balance Sheet 936372 ISK Million | 6.831 B USD Jan/22
Foreign Direct Investment -32378 ISK Billion | -236.203 B USD 1Q/22


Labor Indicators

Indicator Data Period
Retirement Age Men 67 2021
Retirement Age Women 67 2021
Unemployment Rate 4 % Jun/22
Wages 731000 ISK/Month | 5332.769 USD/Month 2020
Youth Unemployment Rate 10.2 % Jun/22
Employed Persons 209200 Person | 0.209 Million Person Jun/22
Employment Rate  76.6 % Jun/22
Full Time Employment 146 Thousand Person 4Q/21
Job Vacancies 760 | 0.76 K Apr/22
Labor Force Participation Rate 79.8 % Jun/22
Part Time Employment 44.5 Thousand Persons 4Q/21
Unemployed Persons 8700 Persons | 0.009 Million Persons Jun/22
Wage Growth  1.5 % Jan/22


Taxes



Business Indicators

Indicator Data Period
Bankruptcies 57 companies Jan/22
Corruption Index 74 index points 2021
Corruption Rank 13 place 2021
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 93.62 index points Jun/22
Private Debt To GDP 218 % 2019
Consumer Spending 376140 ISK Million | 2.744 USD Billion 1Q/22
Disposable Personal Income 4272 ISK Thousand | 0 B USD 2019