Fiscal Balance in Iceland

Iceland Fiscal Balance | Economic News & Forecasts

Iceland - Fiscal Balance

Economic momentum slowed considerably in Q1 2019, with year-on-year growth more than half that of Q4 2018’s. The slowdown came in good part on the back of a sharp contraction in business investment, resulting largely from lower sales of ships and aircrafts, which was likely affected by WOW Air’s bankruptcy. Meanwhile, private consumption slowed, while government spending growth was broadly stable. On the flipside, both exports and residential investment rebounded from Q4’s contraction, with the latter reaching a record high. Nevertheless, the picture looks set to deteriorate again in Q2 amid a further collapse in tourism and fishing. Airport traffic fell by about a quarter in April and May, weighing on overnight stays, while fish catch volume contracted in the same period.

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 Yield3.99-0.99 %Jul 11
Exchange Rate126.1-0.52 %Jul 11
Stock Market1,441-0.32 %Jul 11

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