GDP in Iceland
Iceland - GDPIceland’s economy accelerated last year to levels last seen before the 2008–2011 Icelandic financial crisis. Robust growth was fueled by surging tourism, higher real wages and low unemployment. The strong rise in fixed investment was driven by upbeat economic sentiment spilling over from the tourism boom, which also caused the unemployment rate to decline to pre-crisis levels. According to a recent survey among businesses, finding staff has become increasingly difficult, despite a higher number of workers coming from abroad, which threatens to erode the country’s competitiveness.
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.
Iceland GDP Chart
Source: Statistics Iceland and FocusEconomics calculations.
|Bond Yield||5.00||0.73 %||Mar 23|
|Exchange Rate||111.2||0.53 %||Mar 23|
|Stock Market||1,298||0.51 %||Mar 23|
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