GDP in Iceland

Iceland GDP | Economic News & Forecasts

Iceland - GDP

Cautious optimism has swelled in recent months following the announcement of bumper economic growth in 2016. The explosive growth of tourism in recent years has been a blessing for the once-ailing economy and is the reason for both the island’s low unemployment rate and strong current account surplus. Yet broader systemic risk is likely to increase in concert with soaring housing prices in the Reykjavik market and the recent lifting of the final controls on capital outflows. Recognizing the need to keep volatility in check following the country’s return to global financial markets, in early April government officials outlined more clearly their plans possibly to peg the krona to the euro later this year.

Iceland - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.0  1.2  4.4  1.9  4.1  

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Iceland GDP Chart

Iceland GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Iceland and FocusEconomics calculations.

Iceland Facts

Bond Yield4.750.15 %May 24
Exchange Rate100.50.08 %May 24
Stock Market1,371-0.38 %May 24

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