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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 24.19 USD Billion 2019
GDP Annual Growth Rate -9.3 % 2Q/20
GDP Growth Rate -9.1 % 2Q/20
GDP per capita 51332 USD 2019
Inflation Rate YoY 3.2 % Aug/20
Interest Rate 1 % Aug/20
Unemployment Rate 6.4 % Jul/20
Wages 669000 ISK/Month | 4860.684 USD/Month 2018
Balance of Trade -11234 ISK Million | -0.082 B USD Aug/20
Current Account 6954 ISK Billion | 50.525 B USD 2Q/20
Foreign Exchange Reserves 973111 ISK Million | 7.07 B USD Aug/20


GDP
vvp
24.19
USD Billion
#107 from 174 countries
GDP per capita
vvp
51332
USD
#13 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 24.19 USD Billion 2019
GDP Annual Growth Rate -9.3 % 2Q/20
GDP Growth Rate -9.1 % 2Q/20
GDP per capita 51332 USD 2019
Gross National Product 1500248 ISK Million | 10.9 USD Billion 2019
GDP Constant Prices 336002 ISK Million | 2.441 B USD 2Q/20
GDP per capita PPP 55874 USD 2019


Budget Indicators

Indicator Data Period
Government Debt to GDP 37 % 2019
Government Budget Value -78.4 ISK Billion | -0.57 USD Billion 2Q/20
Government Spending 83085 ISK Million | 0.604 USD Billion 2Q/20
Government Revenues 280 ISK Billion | 2.034 USD Billion 2Q/20
Fiscal Expenditure  358 ISK Billion | 2.601 B USD 2Q/20
Government Budget to GDP -1 % 2019
Government Spending to GDP 41.9 % 2019


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 172 index points Aug/20
Export Prices 216 index points 2019
Food Inflation 6.2 % Aug/20
Gasoline Prices 1.35 USD/Liter Aug/20
GDP Deflator 196 index points 2019
Import Prices 238 index points 2019
Inflation Rate YoY 3.2 % Aug/20
Producer Prices 218 index points Jul/20
Inflation Rate Mom 0.5 % Aug/20
Core Consumer Prices 272 Index Points Aug/20
Core Inflation Rate 3.3 % Aug/20
CPI Housing Utilities 470 Index Points Aug/20
CPI Transportation 158 Index Points Aug/20
Harmonised Consumer Prices 105 Index Points Aug/20
Producer Prices Change  2.4 % Jul/20


Trade Indicators

Indicator Data Period
Current Account to GDP 5.8 % 2019
Balance of Trade -11234 ISK Million | -0.082 USD Billion Aug/20
Capital Flows 21609 ISK Billion | 157.002 USD Billion 2Q/20
Current Account 6954 ISK Billion | 50.525 USD Billion 2Q/20
Exports 44082 ISK Million | 0.32 USD Billion Aug/20
External Debt 2647551 ISK Billion | 19236.035 USD Billion 2Q/20
Foreign Exchange Reserves 973111 ISK Million | 7.07 USD Billion Aug/20
Imports 55316 ISK Million | 0.402 USD Billion Aug/20
Tourist Arrivals 45614 Persons | 0.046 Million Persons Jul/20


Money Indicators

Indicator Data Period
Gold Reserves 2 Tonnes 2Q/20
Interbank Rate 1.31 % Sep/20
Interest Rate 1 % Aug/20
Money Supply M0 135 ISK Billion | 0.981 USD Billion Jun/20
Money Supply M1 670 ISK Billion | 4.868 USD Billion Jun/20
Money Supply M2 1409 ISK Billion | 10.237 USD Billion Jun/20
Money Supply M3 2142 ISK Billion | 15.563 USD Billion Jun/20
Central Bank Balance Sheet 1029569 ISK Million | 7.48 B USD Jun/20
Foreign Direct Investment -6243 ISK Billion | -45.359 B USD 2Q/20


Labor Indicators

Indicator Data Period
Retirement Age Men 67 2018
Retirement Age Women 67 2018
Unemployment Rate 6.4 % Jul/20
Wages 669000 ISK/Month | 4860.684 USD/Month 2018
Youth Unemployment Rate 7.3 % Jun/20
Employed Persons 194800 Person | 0.195 Million Person Jul/20
Employment Rate  75.7 % Jul/20
Full Time Employment 142 Thousand Person 1Q/20
Job Vacancies 177 | 0.177 K Aug/20
Labor Force Participation Rate 79.9 % Jul/20
Part Time Employment 46.2 Thousand Persons 1Q/20
Unemployed Persons 12600 Persons | 0.013 Million Persons Jul/20
Wage Growth  4 % Jun/20


Taxes



Business Indicators

Indicator Data Period
Bankruptcies 97 companies Jun/20
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 77.75 index points Jun/20
Private Debt To GDP 315 % 2016
Consumer Spending 183667 ISK Million | 1.334 USD Billion 2Q/20
Disposable Personal Income 4100 ISK Thousand | 0 B USD 2018


Gold Reserves
gold_reserve_icon
2
Tonnes
#90 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
7.07
USD Billion
#77 from 114 countries


Government Budget Value
balance_icon
-0.57
USD Billion
#32 from 113 countries
Inflation Rate
inflation_icon
3.2
%
#72 from 174 countries


Interest Rate
discount_rate_icon
1
%
#94 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
6.4
%
#128 from 171 countries
Wages
salary_icon
4860.684
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