Fiscal Balance in Iceland

Iceland Fiscal Balance | Economic News & Forecasts

Iceland - Fiscal Balance

The economy contracted slightly in the third quarter after briefly recovering in the second quarter. Exports of goods and services plunged in Q3 on falling tourist arrivals, as the collapse of WOW air earlier this year continued to depress the tourism sector. On a more positive note, consumer spending picked up in Q3, while fixed investment recovered, buttressed by robust residential investment and despite declining business investment. Turning to the fourth quarter, the economy likely remained on a feeble footing. While fiscal stimulus and more accommodative monetary conditions should have fed through to domestic demand, ongoing uncertainty in the tourism sector likely continued to stall investment plans and drag on services exports. Moreover, the total fish catch, a key export earner, shrank sharply in annual terms in November.

Iceland - Fiscal Balance Data

2013  2014  2015  2016  2017  
Fiscal Balance (% of GDP)-1.8  -0.1  -0.8  12.4  0.5  

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Iceland Facts

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

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