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Economy of Iceland. Statistics, Data and Indicators

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


Iceland Major Economic Indicators

Indicator Data Period
GDP Value 21.71 USD Billion 2020
GDP Annual Growth Rate -1.7 % 1Q/21
GDP Growth Rate -5.2 % 1Q/21
GDP per capita 47630 USD 2020
Inflation Rate YoY 4.3 % Jun/21
Interest Rate 1 % May/21
Unemployment Rate 5.8 % May/21
Wages 695000 ISK/Month | 5599.567 USD/Month 2019
Balance of Trade -30207 ISK Million | -0.243 B USD Jun/21
Current Account -27070 ISK Billion | -218.101 B USD 1Q/21
Foreign Exchange Reserves 855584 ISK Million | 6.893 B USD Jun/21


GDP
vvp
21.71
USD Billion
#107 from 174 countries
GDP per capita
vvp
47630
USD
#13 from 169 countries


GDP Indicators

Indicator Data Period
GDP Value 21.71 USD Billion 2020
GDP Annual Growth Rate -1.7 % 1Q/21
GDP Growth Rate -5.2 % 1Q/21
GDP per capita 47630 USD 2020
Gross National Product 2612659 ISK Million | 21.05 USD Billion 2020
GDP Constant Prices 629975 ISK Million | 5.076 B USD 1Q/21
GDP per capita PPP 52280 USD 2020


Budget Indicators

Indicator Data Period
Government Debt to GDP 37 % 2019
Government Budget Value -58.1 ISK Billion | -0.468 USD Billion 1Q/21
Government Spending 156606 ISK Million | 1.262 USD Billion 1Q/21
Government Revenues 316 ISK Billion | 2.546 USD Billion 1Q/21
Fiscal Expenditure  374 ISK Billion | 3.013 B USD 1Q/21
Government Budget to GDP -7.3 % 2020
Government Spending to GDP 49.7 % 2020


Inflation Indicators

Indicator Data Period
Consumer Price Index (CPI) 501 index points May/21
Export Prices 107 index points 2020
Food Inflation 4.1 % May/21
Gasoline Prices 1.72 USD/Liter Jun/21
GDP Deflator 115 index points 2020
Import Prices 110 index points 2020
Inflation Rate YoY 4.3 % Jun/21
Producer Prices 235 index points May/21
Inflation Rate Mom 0.3 % Jun/21
Core Consumer Prices 282 Index Points Jun/21
Core Inflation Rate 4.1 % May/21
CPI Housing Utilities 494 Index Points Jun/21
CPI Transportation 164 Index Points Jun/21
Harmonised Consumer Prices 108 Index Points Jun/21
Producer Prices Change  9.2 % May/21


Trade Indicators

Indicator Data Period
Current Account to GDP 1 % 2020
Balance of Trade -30207 ISK Million | -0.243 USD Billion Jun/21
Capital Flows 13908 ISK Billion | 112.056 USD Billion 1Q/21
Current Account -27070 ISK Billion | -218.101 USD Billion 1Q/21
Exports 58694 ISK Million | 0.473 USD Billion Jun/21
External Debt 2450013 ISK Billion | 19739.588 USD Billion 1Q/21
Foreign Exchange Reserves 855584 ISK Million | 6.893 USD Billion Jun/21
Imports 88901 ISK Million | 0.716 USD Billion Jun/21
Tourist Arrivals 4601 Persons | 0.005 Million Persons Mar/21


Money Indicators

Indicator Data Period
Gold Reserves 1.98 Tonnes 1Q/21
Interbank Rate 1.35 % Jul/21
Interest Rate 1 % May/21
Money Supply M0 195 ISK Billion | 1.571 USD Billion Mar/21
Money Supply M1 721 ISK Billion | 5.809 USD Billion Mar/21
Money Supply M2 1456 ISK Billion | 11.731 USD Billion Mar/21
Money Supply M3 2137 ISK Billion | 17.218 USD Billion Mar/21
Central Bank Balance Sheet 890887 ISK Million | 7.178 B USD Mar/21
Foreign Direct Investment -74093 ISK Billion | -596.962 B USD 1Q/21


Labor Indicators

Indicator Data Period
Retirement Age Men 67 2021
Retirement Age Women 67 2021
Unemployment Rate 5.8 % May/21
Wages 695000 ISK/Month | 5599.567 USD/Month 2019
Youth Unemployment Rate 15.9 % Feb/21
Employed Persons 190300 Person | 0.19 Million Person May/21
Employment Rate  72.2 % May/21
Full Time Employment 132 Thousand Person 4Q/20
Job Vacancies 1854 | 1.854 K Jun/21
Labor Force Participation Rate 77.9 % May/21
Part Time Employment 43.2 Thousand Persons 4Q/20
Unemployed Persons 11900 Persons | 0.012 Million Persons May/21
Wage Growth  6 % Mar/21


Taxes



Business Indicators

Indicator Data Period
Bankruptcies 149 companies Mar/21
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 132 index points Jun/21
Private Debt To GDP 218 % 2019
Consumer Spending 343143 ISK Million | 2.765 USD Billion 1Q/21
Disposable Personal Income 4272 ISK Thousand | 0 B USD 2019


Gold Reserves
gold_reserve_icon
1.98
Tonnes
#90 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
6.893
USD Billion
#77 from 114 countries


Government Budget Value
balance_icon
-0.468
USD Billion
#32 from 113 countries
Inflation Rate
inflation_icon
4.3
%
#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
5.8
%
#128 from 171 countries
Wages
salary_icon
5599.567
USD/Month
#4 from 82 countries


Retirement Age
man_icon
woman_icon
67
67
men
women
Taxes
company_icon
private_icon
20%
46.25%
company profits
income of individuals