GDP in Iceland
Iceland - GDPThe Icelandic economy continued to perform strongly this year. GDP growth in the third quarter came in at over 10% annually, the country’s fastest pace of growth since Q4 2007. The multi-year high was fueled by a strong net contribution from the external sector, as exports surged thanks to a booming tourism industry. Developments in the political arena have not been as smooth, however: attempts to form a coalition government have failed for the second time since October’s snap parliamentary election delivered a more fragmented Parliament. Pirate Party-led talks with the Left-Green Movement broke down in December, weeks after the Independence Party had already been unable to form a coalition.
Iceland - GDP Data
|Economic Growth (GDP, annual variation in %)||2.0||1.3||4.4||2.0||4.0|
5 years of economic forecasts for more than 30 economic indicators.
Note: Annual variation of gross domestic product (GDP) in %.
Iceland GDP Chart
Source: Statistics Iceland and FocusEconomics calculations.
|Bond Yield||5.23||0.15 %||Jan 20|
|Exchange Rate||113.2||0.02 %||Jan 20|
|Stock Market||1,254||1.04 %||Jan 20|
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