GDP in Iceland
Iceland - GDPFollowing last year’s growth surge, the economy has cooled substantially with growth of 5.0% year-on-year in Q1, down from Q4’s 11.3%, as the last remaining crisis-era capital controls were dismantled. The moderation is largely owing to slower export and investment growth. While the slowdown has abated fears of overheating, a persistent boom in the tourism sector and elevated demand for Icelandic assets have sustained a rapid appreciation in the krona and kept inflation below the Central Bank’s target. In a bid to reign in the currency’s wild surge, the government is weighing measures to peg the krona to the euro and announced an increase in the VAT on tourism-related services, in effect from July 2018.
Iceland - GDP Data
|Economic Growth (GDP, annual variation in %)||2.0||1.2||4.4||1.9||4.1|
5 years of economic forecasts for more than 30 economic indicators.
Iceland GDP Chart
Source: Statistics Iceland and FocusEconomics calculations.
|Bond Yield||4.72||0.0 %||Jul 18|
|Exchange Rate||105.8||2.14 %||Jul 18|
|Stock Market||1,358||-0.40 %||Jul 18|
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