Iceland Economic Outlook
October 25, 2016Iceland grew a healthy 3.7% on an annual basis in the second quarter, on the back of strong private consumption and buoyant fixed investment, which benefited from the good performance recorded in the tourism sector. Monthly data suggest that the economy kept up the momentum in the third quarter. Unemployment continued to decline, reaching a level in September not seen since the beginning of the Great Recession. Consumer sentiment, after declining at the beginning of the quarter, increased in both August and September. In the political arena, snap elections are due to be held on 29 October, after revelations in the Panama Papers forced the former prime minister to resign. Polls suggest the ruling conservative coalition could lose its majority and that a future government could be forced to strike agreements with the populist, anti-establishment Pirate Party in order to govern.
Iceland Economy Data
5 years of Iceland economic forecasts for more than 30 economic indicators.
Get a sample report showing all the data and analysis covered in our Regional, Country and Commodities reports.
|Bond Yield||5.36||-0.50 %||Oct 26|
|Exchange Rate||114.0||-0.25 %||Oct 26|
|Stock Market||1,230||0.57 %||Oct 26|
Iceland Economic Growth
October 25, 2016Iceland’s economy should maintain a healthy pace of growth this year, on the back of strong domestic demand. Our panelists see GDP expanding 4.3% in 2016, which is up 0.1 percentage points from last month’s forecast. They expect economic growth to slow to 3.8% in 2017.