GDP in Iceland

Iceland GDP | Economic News & Forecasts

Iceland - GDP

The 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

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 Yield5.230.15 %Jan 20
Exchange Rate113.20.02 %Jan 20
Stock Market1,2541.04 %Jan 20

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