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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 3.6 % Oct/20
Interest Rate 0.75 % Nov/20
Unemployment Rate 4.9 % Sep/20
Wages 669000 ISK/Month | 4944.012 USD/Month 2018
Balance of Trade -394 ISK Million | -0.003 B USD Oct/20
Current Account 6954 ISK Billion | 51.391 B USD 2Q/20
Foreign Exchange Reserves 928180 ISK Million | 6.859 B USD Oct/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 | 11.087 USD Billion 2019
GDP Constant Prices 336002 ISK Million | 2.483 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 | -0.579 USD Billion 2Q/20
Government Spending 83085 ISK Million | 0.614 USD Billion 2Q/20
Government Revenues 280 ISK Billion | 2.069 USD Billion 2Q/20
Fiscal Expenditure  358 ISK Billion | 2.646 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) 173 index points Oct/20
Export Prices 216 index points 2019
Food Inflation 7.4 % Oct/20
Gasoline Prices 1.31 USD/Liter Oct/20
GDP Deflator 196 index points 2019
Import Prices 238 index points 2019
Inflation Rate YoY 3.6 % Oct/20
Producer Prices 228 index points Oct/20
Inflation Rate Mom 0.4 % Oct/20
Core Consumer Prices 275 Index Points Oct/20
Core Inflation Rate 3.5 % Oct/20
CPI Housing Utilities 472 Index Points Oct/20
CPI Transportation 158 Index Points Oct/20
Harmonised Consumer Prices 104 Index Points Oct/20
Producer Prices Change  0.7 % Oct/20


Trade Indicators

Indicator Data Period
Current Account to GDP 5.8 % 2019
Balance of Trade -394 ISK Million | -0.003 USD Billion Oct/20
Capital Flows 21609 ISK Billion | 159.694 USD Billion 2Q/20
Current Account 6954 ISK Billion | 51.391 USD Billion 2Q/20
Exports 61456 ISK Million | 0.454 USD Billion Oct/20
External Debt 2647551 ISK Billion | 19565.805 USD Billion 2Q/20
Foreign Exchange Reserves 928180 ISK Million | 6.859 USD Billion Oct/20
Imports 61851 ISK Million | 0.457 USD Billion Oct/20
Tourist Arrivals 45614 Persons | 0.046 Million Persons Jul/20


Money Indicators

Indicator Data Period
Gold Reserves 2 Tonnes 2Q/20
Interbank Rate 1.02 % Nov/20
Interest Rate 0.75 % Nov/20
Money Supply M0 168 ISK Billion | 1.242 USD Billion Sep/20
Money Supply M1 683 ISK Billion | 5.047 USD Billion Sep/20
Money Supply M2 1489 ISK Billion | 11.004 USD Billion Sep/20
Money Supply M3 2268 ISK Billion | 16.761 USD Billion Sep/20
Central Bank Balance Sheet 963921 ISK Million | 7.124 B USD Sep/20
Foreign Direct Investment -6243 ISK Billion | -46.137 B USD 2Q/20


Labor Indicators

Indicator Data Period
Retirement Age Men 67 2018
Retirement Age Women 67 2018
Unemployment Rate 4.9 % Sep/20
Wages 669000 ISK/Month | 4944.012 USD/Month 2018
Youth Unemployment Rate 11.7 % Sep/20
Employed Persons 199300 Person | 0.199 Million Person Sep/20
Employment Rate  75.7 % Sep/20
Full Time Employment 143 Thousand Person 2Q/20
Job Vacancies 175 | 0.175 K Oct/20
Labor Force Participation Rate 80.2 % Sep/20
Part Time Employment 39.6 Thousand Persons 2Q/20
Unemployed Persons 9900 Persons | 0.01 Million Persons Sep/20
Wage Growth  3.1 % Sep/20


Taxes



Business Indicators

Indicator Data Period
Bankruptcies 41 companies Sep/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 60.6 index points Sep/20
Private Debt To GDP 315 % 2016
Consumer Spending 183667 ISK Million | 1.357 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
6.859
USD Billion
#77 from 114 countries


Government Budget Value
balance_icon
-0.579
USD Billion
#32 from 113 countries
Inflation Rate
inflation_icon
3.6
%
#72 from 174 countries


Interest Rate
discount_rate_icon
0.75
%
#94 from 159 countries
Bank Lending Rate
credit_rate_icon
N/A%
#N/A from N/A countries


Unemployment Rate
unemployment_icon
4.9
%
#128 from 171 countries
Wages
salary_icon
4944.012
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