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%.

GDP is expected to decrease by 8.4% in 2020. The poor outlook this year can be attributed to the Covid-19 pandemic, which has limited cross-border transport and had a significant impact on tourism in Iceland.

Revised national accounts figures show that Iceland‘s GDP grew by 4.8% in 2018. The outlook for 2019 has not changed from the last economic forecast in May as GDP is expected to decrease by 0.2% this year.

A new issue of Statistical Series, presenting a revised economic forecast for 2019–2024, is now available. Preliminary national accounts figures show that Iceland‘s GDP grew by 4.6% in 2018. The outlook for 2019 has changed from the last economic forecast in February. GDP is now expected to decrease by 0.2% this year but growth is […]

GDP is expected to increase by 1.7% in 2019. The growth is significantly lower than the 4.4% average growth rate for the last five years.

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

Consumption of alcoholic beverages based on sales figures in Iceland was 2,015 thousand litres of pure alcohol in ...

One out of every ten residents in Iceland eats five or more portions of fruits and vegetables per day, or 10%, acc...

Disposable income of the household sector in 2019 increased by 6.1% from the previous year, while per capita income increased by 3.8%. Measured in real terms, purchasing power per capita increased by 0.7%.

Total financial liabilities of Iceland’s domestic sector stood at ISK 27,363 billion or 921% of Gross Domestic Product (GDP) in year-end 2019. Total financial assets stood at ISK 27,881 billion or 939% of GDP according to preliminary figures from Statistics Iceland.

Gross Domestic Product (GDP) is estimated to have decreased by 9.3% in volume in the second quarter of 2020 compared with the same quarter of 2019. This is the largest fall in quarterly GDP since Statistics Iceland began measuring economic growth on quarterly basis.

Gross Domestic Product (GDP) is estimated to have decreased by 1.2% in the first quarter of 2020 compared with the same quarter of 2019.

In 2019, private consumption expenditure of foreign tourists in Iceland, amounted to a total of 284 billion ISK. This corresponds to 21.4% of the measured domestic private consumption in Iceland last year.