GDP in Iceland

Iceland GDP | Economic News & Forecasts

Iceland - GDP

Economic 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

2013  2014  2015  2016  2017  
Economic Growth (GDP, annual variation in %)4.3  2.2  4.3  7.5  3.6  

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Iceland GDP Chart

Iceland GDP
Note: Annual variation of gross domestic product (GDP) in %.
Source: Statistics Iceland and FocusEconomics calculations.

Iceland Facts

Bond Yield5.23-0.99 %Jan 30
Exchange Rate119.5-0.52 %Jan 30
Stock Market1,277-0.32 %Jan 30

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