Exports in Iceland
Iceland - ExportsAlthough annual GDP growth slowed in the final quarter of 2021, underlying momentum improved strongly with the economy expanding in sequential terms. Conditions should have strengthened further at the outset of 2022, aided by the complete removal of Covid-19 restrictions in late February. This, coupled with a lower unemployment rate in Q1, should have benefited household spending. Additionally, the external sector and the all-important tourism industry—around 5% of GDP in 2021—should have contributed to a solid economic performance in Q1, with robust growth in merchandise exports and total hotel stays. That said, consumer sentiment gradually declined in the quarter, falling to 14-month low in March amid a continued buildup of price pressures through April, when inflation hit a level not seen in over a decade, likely tempering the overall improvement.
Iceland - Exports Data
|Exports (USD billion)||4.7||4.4||5.1||5.7||5.2|
5 years of economic forecasts for more than 30 economic indicators.
Iceland Exports Chart
Source: Statistics Iceland.
|Bond Yield||3.45||-0.99 %||Dec 31|
|Exchange Rate||121.1||-0.52 %||Jan 01|
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