Economy of Iceland. Statistics, Data and Indicators
Iceland
| 55A | Credit rank #53 |
| N/A | Quality of life # |
| 17 | Corruption rank#15 |
| 26 | Ease of doing business#21 |
Iceland Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 24.19 USD Billion | 2019 |
| GDP Annual Growth Rate | -5.1 % | 4Q/20 |
| GDP Growth Rate | 4.8 % | 4Q/20 |
| GDP per capita | 51332 USD | 2019 |
| Inflation Rate YoY | 4.1 % | Feb/21 |
| Interest Rate | 0.75 % | Feb/21 |
| Unemployment Rate | 8.2 % | Jan/21 |
| Wages | 669000 ISK/Month | 5284.379 USD/Month | 2018 |
| Balance of Trade | 1928 ISK Million | 0.015 B USD | Jan/21 |
| Current Account | -1184 ISK Billion | -9.352 B USD | 3Q/20 |
| Foreign Exchange Reserves | 805106 ISK Million | 6.359 B USD | Jan/21 |
GDP
24.19
USD Billion
#107 from 174 countries
GDP per capita
51332
USD
#13 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 24.19 USD Billion | 2019 |
| GDP Annual Growth Rate | -5.1 % | 4Q/20 |
| GDP Growth Rate | 4.8 % | 4Q/20 |
| GDP per capita | 51332 USD | 2019 |
| Gross National Product | 1500248 ISK Million | 11.85 USD Billion | 2019 |
| GDP Constant Prices | 664598 ISK Million | 5.25 B USD | 4Q/20 |
| GDP per capita PPP | 55874 USD | 2019 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 37 % | 2019 |
| Government Budget Value | -68.6 ISK Billion | -0.542 USD Billion | 3Q/20 |
| Government Spending | 162886 ISK Million | 1.287 USD Billion | 4Q/20 |
| Government Revenues | 299 ISK Billion | 2.362 USD Billion | 3Q/20 |
| Fiscal Expenditure | 367 ISK Billion | 2.899 B USD | 3Q/20 |
| Government Budget to GDP | -1 % | 2019 |
| Government Spending to GDP | 41.9 % | 2019 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 175 index points | Feb/21 |
| Export Prices | 216 index points | 2019 |
| Food Inflation | 6.5 % | Feb/21 |
| Gasoline Prices | 1.58 USD/Liter | Feb/21 |
| GDP Deflator | 115 index points | 2020 |
| Import Prices | 238 index points | 2019 |
| Inflation Rate YoY | 4.1 % | Feb/21 |
| Producer Prices | 228 index points | Jan/21 |
| Inflation Rate Mom | 0.7 % | Feb/21 |
| Core Consumer Prices | 277 Index Points | Feb/21 |
| Core Inflation Rate | 4.1 % | Feb/21 |
| CPI Housing Utilities | 478 Index Points | Feb/21 |
| CPI Transportation | 161 Index Points | Feb/21 |
| Harmonised Consumer Prices | 104 Index Points | Jan/21 |
| Producer Prices Change | 6.9 % | Jan/21 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 5.8 % | 2019 |
| Balance of Trade | 1928 ISK Million | 0.015 USD Billion | Jan/21 |
| Capital Flows | 38460 ISK Billion | 303.793 USD Billion | 3Q/20 |
| Current Account | -1184 ISK Billion | -9.352 USD Billion | 3Q/20 |
| Exports | 49183 ISK Million | 0.388 USD Billion | Jan/21 |
| External Debt | 2625978 ISK Billion | 20742.395 USD Billion | 3Q/20 |
| Foreign Exchange Reserves | 805106 ISK Million | 6.359 USD Billion | Jan/21 |
| Imports | 47255 ISK Million | 0.373 USD Billion | Jan/21 |
| Tourist Arrivals | 4362 Persons | 0.004 Million Persons | Jan/21 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 1.98 Tonnes | 4Q/20 |
| Interbank Rate | 1.13 % | Feb/21 |
| Interest Rate | 0.75 % | Feb/21 |
| Money Supply M0 | 145 ISK Billion | 1.145 USD Billion | Jan/21 |
| Money Supply M1 | 680 ISK Billion | 5.371 USD Billion | Jan/21 |
| Money Supply M2 | 1425 ISK Billion | 11.256 USD Billion | Jan/21 |
| Money Supply M3 | 2122 ISK Billion | 16.762 USD Billion | Jan/21 |
| Central Bank Balance Sheet | 843169 ISK Million | 6.66 B USD | Dec/20 |
| Foreign Direct Investment | -93398 ISK Billion | -737.743 B USD | 3Q/20 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 67 | 2018 |
| Retirement Age Women | 67 | 2018 |
| Unemployment Rate | 8.2 % | Jan/21 |
| Wages | 669000 ISK/Month | 5284.379 USD/Month | 2018 |
| Youth Unemployment Rate | 15.9 % | Jan/21 |
| Employed Persons | 187700 Person | 0.188 Million Person | Jan/21 |
| Employment Rate | 71.5 % | Jan/21 |
| Full Time Employment | 153 Thousand Person | 3Q/20 |
| Job Vacancies | 314 | 0.314 K | Jan/21 |
| Labor Force Participation Rate | 76.7 % | Jan/21 |
| Part Time Employment | 39.1 Thousand Persons | 3Q/20 |
| Unemployed Persons | 16600 Persons | 0.017 Million Persons | Jan/21 |
| Wage Growth | 3.5 % | Dec/20 |
Taxes
| Indicator | Data | Period |
|---|---|---|
| Corporate Tax Rate | 20 % | 2020 |
| Personal Income Tax Rate | 46.24 % | 2020 |
| Sales Tax Rate | 24 % | 2020 |
| Social Security Rate | 10.84 % | 2018 |
| Social Security Rate For Companies | 6.35 % | 2020 |
| Social Security Rate For Employees | 4 % | 2020 |
Business Indicators
| Indicator | Data | Period |
|---|---|---|
| Bankruptcies | 28 companies | Dec/20 |
| Corruption Index | 75 index points | 2020 |
| Corruption Rank | 17 place | 2020 |
| 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 | 95.39 index points | Dec/20 |
| Private Debt To GDP | 315 % | 2016 |
| Consumer Spending | 358066 ISK Million | 2.828 USD Billion | 4Q/20 |
| Disposable Personal Income | 4100 ISK Thousand | 0 B USD | 2018 |
Gold Reserves
1.98
Tonnes
#90 from 114 countries
Foreign Exchange Reserves
6.359
USD Billion
#77 from
114 countries
Government Budget Value
-0.542
USD Billion
#32 from 113 countries
Inflation Rate
4.1
%
#72 from
174 countries
Interest Rate
0.75
%
#94 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
8.2
%
#128 from
171 countries
Wages
5284.379
USD/Month
#4 from
82 countries
Retirement Age
67
67
men
women
Taxes
20%
46.24%
company profits
income of individuals
