GDP in Iceland

Iceland GDP | Economic News & Forecasts

Iceland - GDP

Iceland’s economy performed strongly again last year, with GDP growth jumping over 10.0% in Q3. Growth in activity was supported by a buoyant external sector, which was in turn helped by a booming tourism industry. Earlier this month, Iceland’s political parties reached an agreement to form a government following months of stalled talks. The center-right coalition, led by the Independence Party with two junior partners, holds a slim majority in Parliament. Shortly after taking office, the new administration announced important reforms to boost growth. As part of a long-term plan to rein in public debt, measures will be taken to restrain public expenditure, increase productivity and privatize public properties, with a particular focus on state-owned commercial banks. Moreover, the government intends to create a countercyclical stability fund to control the proceeds from the country’s energy resources.

Iceland - GDP Data

2011  2012  2013  2014  2015  
Economic Growth (GDP, annual variation in %)2.0  1.3  4.4  2.0  4.0  

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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

ValueChangeDate
Bond Yield4.98-1.25 %Feb 16
Exchange Rate110.2-1.06 %Feb 16
Stock Market1,2870.27 %Feb 16

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