Latest: United Kingdom 16:15 BoE MPC Member Cunliffe Speaks Forecast: 0

Latest: Japan 01:30 BoJ Board Member Kataoka Speaks Forecast: 0

Latest: Thailand 03:51 GDP Annual Forecast: 0 % Actual: 2.4%

Latest: Japan 01:30 BoJ Board Member Masai Speaks Forecast: 0

Latest: Indonesia 04:00 GDP Annual Forecast: 5.03 % Actual: 5.02%

USD/JPY

104.57

+0.1%

USD/CHF

0.9108

-0.01%

AUD/USD

0.7358

0%

GBP/USD

1.3357

+0.01%

EUR/USD

1.1901

+0.08%

USD/CAD

1.2995

-0.01%

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

Business Indicators
Budget Indicators
Money Indicators

Taxes
GDP Indicators
Labor Indicators

Inflation Indicators
Trade Indicators
Consumer Indicators

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

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	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

1

2

3

4

5

6

7

8

9

10