GDP in Iceland

Iceland GDP | Economic News & Forecasts

Iceland - GDP

Iceland’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

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

Bond Yield5.000.73 %Mar 23
Exchange Rate111.20.53 %Mar 23
Stock Market1,2980.51 %Mar 23

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