GDP in Iceland
Iceland - GDPEconomic momentum likely remained weak in the last quarter of 2018, following a marked deceleration in Q3 due largely to a sharp contraction in business and residential investment. Indeed, the tourism sector appears to have cooled in Q4, though the krona’s sharp fall in the quarter could support the sector going forward. While overnight tourist stays posted strong year-on-year growth in October, they were flat in November, pushing down occupancy rates as supply expanded. Moreover, airport data for December also suggests more muted tourism activity in the month. On the flipside, the labor market remained tight, with real wage growth increasing at a solid pace throughout 2018 despite softening in Q4.
Iceland - GDP Data
|Economic Growth (GDP, annual variation in %)||4.3||2.2||4.3||7.5||3.6|
5 years of economic forecasts for more than 30 economic indicators.
Iceland GDP Chart
Source: Statistics Iceland and FocusEconomics calculations.
|Bond Yield||5.37||-0.99 %||Feb 14|
|Exchange Rate||118.9||-0.52 %||Feb 14|
|Stock Market||1,279||-0.32 %||Feb 14|
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