Exports in Iceland

Iceland Exports | Economic News & Forecasts

Iceland - Exports

GDP likely grew at a robust pace in Q1 2022. Private spending should have increased thanks to the complete removal of Covid-19 restrictions in February, coupled with unemployment falling to its pre-pandemic level. Moreover, the recovery of the tourism sector continued, with total hotel stays and foreigner growing hugely year on year in the quarter. Turning to Q2, momentum is likely weakening. In April, the spike in global commodity prices pushed up producer prices to an over decade high, hitting the industrial and external sectors. The tourism industry is also now feeling the impact of the Ukraine war: Annual growth of total hotel stays and foreigner stays softened in April. Meanwhile, red-hot inflation threatens to offset the boost to activity from the fall in unemployment registered in April by dampening household spending in Q2.

Iceland - Exports Data

2015   2016   2017   2018   2019  
Exports (USD billion)4.7  4.4  5.1  5.7  5.2  

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Iceland Exports Chart


Iceland Exports
Note: Exports in USD billion.
Source: Statistics Iceland.

Iceland Facts

Value Change Date
Bond Yield3.45-0.99 %Dec 31
Exchange Rate121.1-0.52 %Jan 01

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