Economy of Iceland. Statistics, Data and Indicators
Iceland
| 55A | Credit rank #53 |
| N/A | Quality of life # |
| 11 | Corruption rank#15 |
| 26 | Ease of doing business#21 |
Iceland Major Economic Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 24.7 USD Billion | 2019 |
| GDP Annual Growth Rate | 4.7 % | 4Q/19 |
| GDP Growth Rate | 4.8 % | 4Q/19 |
| GDP per capita | 52103 USD | 2018 |
| Inflation Rate YoY | 2.1 % | Mar/20 |
| Interest Rate | 1.75 % | Mar/20 |
| Unemployment Rate | 5 % | Feb/20 |
| Wages | 669000 ISK/Month | 4743.27 USD/Month | 2018 |
| Balance of Trade | -1924 ISK Million | -0.014 B USD | Feb/20 |
| Current Account | 51 ISK Billion | 0.362 B USD | 4Q/19 |
| Foreign Exchange Reserves | 855289 ISK Million | 6.064 B USD | Feb/20 |
GDP
24.7
USD Billion
#107 from 174 countries
GDP per capita
52103
USD
#13 from 169 countries
GDP Indicators
| Indicator | Data | Period |
|---|---|---|
| GDP Value | 24.7 USD Billion | 2019 |
| GDP Annual Growth Rate | 4.7 % | 4Q/19 |
| GDP Growth Rate | 4.8 % | 4Q/19 |
| GDP per capita | 52103 USD | 2018 |
| Gross National Product | 1499287 ISK Million | 10.63 USD Billion | 2019 |
| GDP Constant Prices | 393889 ISK Million | 2.793 B USD | 4Q/19 |
| GDP per capita PPP | 48606 USD | 2018 |
Budget Indicators
| Indicator | Data | Period |
|---|---|---|
| Government Debt to GDP | 37.7 % | 2018 |
| Government Budget Value | -5.5 ISK Billion | -0.039 USD Billion | 3Q/19 |
| Government Spending | 83258 ISK Million | 0.59 USD Billion | 4Q/19 |
| Government Revenues | 307 ISK Billion | 2.177 USD Billion | 3Q/19 |
| Fiscal Expenditure | 312 ISK Billion | 2.212 B USD | 3Q/19 |
| Government Budget to GDP | 1.1 % | 2018 |
| Government Spending to GDP | 41.7 % | 2018 |
Inflation Indicators
| Indicator | Data | Period |
|---|---|---|
| Consumer Price Index (CPI) | 475 index points | Mar/20 |
| Export Prices | 216 index points | 2019 |
| Food Inflation | 2.3 % | Mar/20 |
| Gasoline Prices | 1.4 USD/Liter | Mar/20 |
| GDP Deflator | 196 index points | 2019 |
| Import Prices | 238 index points | 2019 |
| Inflation Rate YoY | 2.1 % | Mar/20 |
| Producer Prices | 214 index points | Feb/20 |
| Inflation Rate Mom | 0.2 % | Mar/20 |
| Core Consumer Prices | 267 Index Points | Mar/20 |
| Core Inflation Rate | 2.4 % | Feb/20 |
| CPI Housing Utilities | 467 Index Points | Mar/20 |
| CPI Transportation | 154 Index Points | Mar/20 |
| Harmonised Consumer Prices | 102 Index Points | Feb/20 |
| Producer Prices Change | 3 % | Feb/20 |
Trade Indicators
| Indicator | Data | Period |
|---|---|---|
| Current Account to GDP | 2.8 % | 2018 |
| Balance of Trade | -1924 ISK Million | -0.014 USD Billion | Feb/20 |
| Capital Flows | 51.9 ISK Billion | 0.368 USD Billion | 4Q/19 |
| Current Account | 51 ISK Billion | 0.362 USD Billion | 4Q/19 |
| Exports | 48016 ISK Million | 0.34 USD Billion | Feb/20 |
| External Debt | 2333 ISK Billion | 16.541 USD Billion | 3Q/19 |
| Foreign Exchange Reserves | 855289 ISK Million | 6.064 USD Billion | Feb/20 |
| Imports | 49939 ISK Million | 0.354 USD Billion | Feb/20 |
| Tourist Arrivals | 131054 Persons | 0.131 Million Persons | Nov/19 |
Money Indicators
| Indicator | Data | Period |
|---|---|---|
| Gold Reserves | 1.98 Tonnes | 4Q/19 |
| Interbank Rate | 2.18 % | Mar/20 |
| Interest Rate | 1.75 % | Mar/20 |
| Money Supply M0 | 112 ISK Billion | 0.794 USD Billion | Nov/19 |
| Money Supply M1 | 520 ISK Billion | 3.687 USD Billion | Nov/19 |
| Money Supply M2 | 1188 ISK Billion | 8.423 USD Billion | Nov/19 |
| Money Supply M3 | 1961 ISK Billion | 13.904 USD Billion | Nov/19 |
| Central Bank Balance Sheet | 829840 ISK Million | 5.884 B USD | Nov/19 |
| Foreign Direct Investment | 28.6 ISK Billion | 0.203 B USD | 4Q/19 |
Labor Indicators
| Indicator | Data | Period |
|---|---|---|
| Retirement Age Men | 67 | 2018 |
| Retirement Age Women | 67 | 2018 |
| Unemployment Rate | 5 % | Feb/20 |
| Wages | 669000 ISK/Month | 4743.27 USD/Month | 2018 |
| Youth Unemployment Rate | 7.6 % | Dec/19 |
| Employed Persons | 202700 Person | 0.203 Million Person | Jan/20 |
| Employment Rate | 78 % | Jan/20 |
| Full Time Employment | 153 Thousand Person | 3Q/19 |
| Job Vacancies | 132 | 0.132 K | Feb/20 |
| Labor Force Participation Rate | 81 % | Jan/20 |
| Part Time Employment | 38.7 Thousand Persons | 3Q/19 |
| Unemployed Persons | 7000 Persons | 0.007 Million Persons | Jan/20 |
| Wage Growth | 1.5 % | Nov/19 |
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 | 52 companies | Nov/19 |
| 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 | 62.2 index points | Mar/20 |
| Private Debt To GDP | 315 % | 2016 |
| Consumer Spending | 207932 ISK Million | 1.474 USD Billion | 4Q/19 |
| Disposable Personal Income | 4100 ISK Thousand | 0 B USD | 2018 |
Gold Reserves
1.98
Tonnes
#90 from 114 countries
Foreign Exchange Reserves
6.064
USD Billion
#77 from
114 countries
Government Budget Value
-0.039
USD Billion
#32 from 113 countries
Inflation Rate
2.1
%
#72 from
174 countries
Interest Rate
1.75
%
#94 from
159 countries
Bank Lending Rate
N/A%
#N/A from
N/A countries
Unemployment Rate
5
%
#128 from
171 countries
Wages
4743.27
USD/Month
#4 from
82 countries
Retirement Age
67
67
men
women
Taxes
20%
46.24%
company profits
income of individuals
