The publication of economic forecast spring, which was scheduled today Friday March 24 2023, has been postponed until next week.

A new issue of Statistical Series presenting an economic forecast for the economy of Iceland is now available. The forecast covers the years 2022 to 2028.

A new issue of Statistical Series, presenting an economic forecast for 2022–2027, is now available. The economy is expected to grow by 5.1% this year and 2.9% in 2023. GDP grew by 8.6% in the first quarter. Domestic demand has been strong so far this year, but uncertainty surrounding the domestic and foreign inflation outlook […]

GDP grew by 4.3% in 2021, mainly driven by growth in private consumption and investment. Uncertainty due to the pandemic has diminished, but this is offset by increased uncertainty over Russia's invasion of Ukraine and the consequences of the war for the world economy. The economy is expected to grow by 4.6% this year and […]

A new issue of Statistical Series, presenting an economic forecast for 2021–2027, is now available. GDP contracted by 6.5% last year. Private consumption declined by 3% and investment by 8.7%, while public consumption grew by 4.5%. The economy is projected to grow by 3.9% this year.

A total of 7.7% of the Icelandic population, aged 15 years and over, experienced symptoms of depression in 2019. This proportion was slightly higher in Iceland compared with the EU average of 7.0% according to figures from Eurostat. Among European countries, the proportion was highest in France, 10.8%, and lowest in Serbia, 2.3%.

In 2020, the consumption of alcoholic beverages in Iceland was 2,207 thousand liters of pure alcohol compared with 1,708 thousand liters in 2010. Pure alcohol consumption per capita was 7.41 liters in 2020 compared with 6.79 liters in 2010, peaking in 2017 at 7.75 liters. Figures have been updated along with figures for smoking habits.

In 2020, the number of hospital beds was 1,039 compared with 1,009 in 2019. The number of hospital beds per 100,000 inhabitants was 283.5 in 2020 but 279.8 the year before. Small changes were noted in the numbers of rehabilitative, long-term and psychiatric care beds. Figures have been updated.

Figures have been updated

In 2018 about one third of the Icelandic population had a long standing illness. Over the past ten years the proportion of individuals limited in their daily life because of health issues has increased. In 2008, the proportion was 16.1% but had risen to 26.0% ten years later.

Household gross disposable income is estimated to have increased by 9.2% from 2021 to 2022. Disposable income per capita amounted to 4.9 million ISK in 2022 and is estimated to have increased by 6.5% from the previous year. The purchasing power of household disposable income per capita decreased by 1.7% during the same period.

Following the publication of national accounts on the basis of the expenditure approach, figures based on the production approach are published. Figures based on the production approach show, among other things, the share of individual industries in GDP. Figures for 2021 are considered preliminary and figures for 2022 are first estimates. In parallel with the […]

Publication of a statistics on national accounts - production approach 2022, which was scheduled on 6 March 2023, has been postponed until 8 March.

National accounts result for 2022 indicate gross domestic production (GDP) to have increased by 6.4% in volume with nominal level estimated at 3,766 billion ISK. Considering population growth, GDP per capita is estimated to have increased by 3,7% in volume between 2021 and 2022.

Preliminary figures of the Tourism Satellite Accounts (TSAs) indicate that tourism, as a proportion of GDP, amounted to 6.1% in 2022, compared with 3.9% in 2021. The share of tourism in GDP is thus on a par with its 2015 level of 6.4%.