Trade Balance in Iceland
Iceland - Trade BalanceEconomic activity slowed slightly in the third quarter, but still posted a healthy annual growth rate of 6.0% (Q2: +6.7% yoy). The slowdown was driven by a broad-based easing of domestic demand, with growth in both consumer and capital spending falling from Q2’s elevated levels, and government spending growth easing to its lowest level in nearly five years. Turning to Q4, while unemployment rose in October, it remained well below its 2020 level, and tourist arrivals once again surged, likely boosting consumer spending at the outset of the quarter. Meanwhile, in late November the incumbent coalition reached a deal to continue governing together for another four years. This ensures the continuation of Prime Minister Katrin Jakobsdottir’s green agenda, which includes a 55% reduction in greenhouse emissions by 2030 and a focus on green jobs creation.
Iceland - Trade Balance Data
|Trade Balance (USD billion)||-0.6||-1.2||-2.2||-2.2||-1.3|
5 years of economic forecasts for more than 30 economic indicators.
Iceland Trade Balance Chart
Source: Statistics Iceland.
|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.