GDP in Iceland
Iceland - GDPA booming tourism sector, strong fixed investment growth and low unemployment fueled the fastest economic expansion in nearly a decade in 2016. Stepping out from the long shadow of the financial crisis, on 12 March the government lifted the last remaining controls on capital outflows first implemented in 2008. In coordination with the government, the Central Bank simultaneously announced the purchase of ISK 90 billion (USD 811 million) of offshore krona assets to preempt any ensuing monetary instability. In an effort to discourage inflows of hot money, the Bank also introduced special reserve requirements. Meanwhile, the government is looking at proposals to create a more stable exchange rate, including a possible peg to the euro.
Iceland - GDP Data
|Economic Growth (GDP, annual variation in %)||-6.9||-3.6||2.0||1.2||4.4|
5 years of economic forecasts for more than 30 economic indicators.
Iceland GDP Chart
Source: Statistics Iceland and FocusEconomics calculations.
|Bond Yield||4.96||0.37 %||Apr 06|
|Exchange Rate||112.7||0.17 %||Apr 06|
|Stock Market||1,310||-0.59 %||Apr 06|
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