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.

GDP contracted by 6.6% in 2020 according to updated national accounts figures. Private consumption declined by 3.3%, investment by 6.8% while public consumption grew by 3.1%. Economic growth is expected to be 2.6% this year. The growth will be stronger next year, with GDP increasing by 4.8%.

The economic forecast will be published today Monday 22 March at 16:30 to coincide with the publication of the fiscal plan by the Ministry of Finance and Economic Affairs.

Publication of economic forecast in March, which was scheduled tomorrow 19 March 2021, has been postponed until 22 March 2021.

A new issue of Statistical Series, presenting an economic forecast for 2020–2026, is now available. GDP is expected to decrease by 7.6% in 2020. A recovery is expected next year with GDP growth of 3.9%.

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.

Figures have been updated

Household gross disposable income is estimated to have increased by 6.34% in the third quarter of 2021, compared with last year‘s corresponding quarter. Disposable income per capita amounted to close to 1.1 million ISK in the quarter and is estimated to have increased by 4.4% compared with the third quarter of 2020.

Gross Domestic Product (GDP) is estimated to have amounted to 845 billion ISK at current prices in the third quarter of 2021, an increase of 6% in volume compared with the same quarter of 2020. During the first nine months of 2021, GDP is estimated to have increased by 4.1% compared with the first nine […]

Household gross disposable income is estimated to have decreased by 0.3% in the second quarter of 2021, compared with last year’s corresponding quarter. In 2020, the purchasing power of household disposable income per capita increased by 2.5% from 2019.

Total financial assets of Iceland’s domestic sector stood at 31,607 billion ISK in year-end 2020 according to preliminary data or 1,075% of Gross Domestic Product (GDP).

In 2020, roughly 12,600 persons were employed in tourism in Iceland according to statistics on employment in tourism and its share in the Icelandic labour market which Statistics Iceland has released for the first time.