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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 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
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 -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



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
gold_reserve_icon
1.98
Tonnes
#90 from 114 countries
Foreign Exchange Reserves
gold_reserve_icon
6.359
USD Billion
#77 from 114 countries


Government Budget Value
balance_icon
-0.542
USD Billion
#32 from 113 countries
Inflation Rate
inflation_icon
4.1
%
#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
8.2
%
#128 from 171 countries
Wages
salary_icon
5284.379
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