Investment in Iceland
Iceland - InvestmentAfter suffering the second-sharpest contraction on record in Q2, the economy started to show tentative signs of recovery towards the end of Q3. Consumer confidence shot up in September from August’s near-decade low, while exports rebounded strongly in the same month to their highest value since October 2019. However, the unemployment rate ticked up to a four-month high in September, likely capping private consumption. Moreover, overnight stays decreased at a sharper rate in September than in August, pointing to a still-subdued tourism sector. Turning to Q4, new Covid-19-related restrictions were implemented in early October due to a rapid surge in new cases, which will likely hamper economic activity in the quarter. Meanwhile, on the political front, on 1 October, the government tabled the 2021 draft budget, which focuses on improving healthcare, welfare and education, while easing the tax burden.
Iceland - Investment Data
|Investment (annual variation in %)||21.3||17.8||10.8||-1.1||-6.3|
5 years of economic forecasts for more than 30 economic indicators.
Iceland Investment Chart
Source: Statistics Iceland and FocusEconomics calculations.
|Bond Yield||3.45||-0.99 %||Dec 31|
|Exchange Rate||121.1||-0.52 %||Jan 01|
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.