Fiscal Balance in Iceland
Iceland - Fiscal BalanceEconomic 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
|Fiscal Balance (% of GDP)||-1.8||-0.1||-0.8||12.4||0.5|
5 years of economic forecasts for more than 30 economic indicators.
|Bond Yield||3.99||-0.99 %||Jul 11|
|Exchange Rate||126.1||-0.52 %||Jul 11|
|Stock Market||1,441||-0.32 %||Jul 11|
Get a sample report showing our regional, country and commodities data and analysis.
Request a Trial
Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.