GDP in Iceland
Iceland - GDPThe economy likely remained in a frail state at the end of 2019, after plunging exports of goods and services caused the economy to contract slightly in the third quarter. The number of tourist arrivals shrank in annual terms through the fourth quarter, albeit at a softer pace than in the third quarter. Persistent weakness in the tourism sector was in part responsible for rising unemployment in the period, which, coupled with downbeat consumer sentiment, suggests household spending was subdued in Q4. Exacerbating matters, the total fish catch—a major Icelandic export—fell by over 15% year-on-year in volume terms in Q4. On a more positive note, fiscal stimulus measures and more accommodative monetary conditions should be helping to prop up domestic demand.
Iceland - GDP Data
|Economic Growth (GDP, annual variation in %)||2.1||4.7||6.6||4.6||4.6|
5 years of economic forecasts for more than 30 economic indicators.
Iceland GDP Chart
Source: Statistics Iceland and FocusEconomics calculations.
|Bond Yield||3.45||-0.99 %||Dec 31|
|Exchange Rate||121.1||-0.52 %||Jan 01|
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