GDP in Iceland
Iceland - GDPCautious optimism has swelled in recent months following the announcement of bumper economic growth in 2016. The explosive growth of tourism in recent years has been a blessing for the once-ailing economy and is the reason for both the island’s low unemployment rate and strong current account surplus. Yet broader systemic risk is likely to increase in concert with soaring housing prices in the Reykjavik market and the recent lifting of the final controls on capital outflows. Recognizing the need to keep volatility in check following the country’s return to global financial markets, in early April government officials outlined more clearly their plans possibly to peg the krona to the euro later this year.
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||4.75||0.15 %||May 24|
|Exchange Rate||100.5||0.08 %||May 24|
|Stock Market||1,371||-0.38 %||May 24|
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