Economy

Economic forecast
 
Economy
GDP Growth
Economy
Educational expenditure
Economy
Consumer price index
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Central government
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Public health expenditure
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Exports of goods and services
Economy

RSS Economic forecast

  • Economic forecast 17/11/2023
    Iceland’s GDP is projected to increase by 3.6% this year. Growth dynamics are changing as GDP growth will be driven by net exports while growth in domestic demand is expected to ease, following robust growth for the last two years. In 2024 GDP is forecast to grow by 2.1% as export growth eases.
  • Economic forecast 30/06/2023
    Iceland‘s GDP is forecast to grow by 4% this year and by 2.5% in 2024. Last year's economic growth was driven by domestic demand, but this year the contribution of net exports to GDP growth is expected to increase. In the first quarter, GDP increased by 7% from the previous year, but growth is expected […]
  • Economic forecast 29/03/2023
    Economic growth accelerated to 6.4% last year driven by an increase in private consumption and a robust recovery in exports. For this year, GDP is projected to grow by 3.8%. Growth in domestic demand is expected to ease but the contribution of foreign trade to economic growth will be positive.
  • Publication of economic forecast postponed 24/03/2023
    The publication of economic forecast spring, which was scheduled today Friday March 24 2023, has been postponed until next week.
  • Economic forecast 11/11/2022
    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.

RSS Health

  • Alcohol consumption 2022 08/12/2023
    Alcohol consuption In Iceland was approximately 2,418 thousand liters of pure alcohol in 2022, compared with just over 2,475 thousand liters in 2021. The total consumption per capita 15 years and older was 7.8 liters in 2022 compared with 8.2 liters in 2021. Figures have been updated.
  • 7.7% experienced depressive symptoms in 2019 15/03/2022
    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%.
  • Alcohol consumption per capita increased 9.1% between 2010 and 2020 02/12/2021
    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.
  • The number of hospital beds increased in 2020 26/11/2021
    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.
  • Hospital beds 2019 07/04/2020
    Figures have been updated

RSS National Accounts

  • The share of tourism in GDP estimated at 8.5% in 2023 29/02/2024
    Preliminary figures of the Tourism Satellite Accounts (TSAs) indicate that tourism, as a proportion of GDP, amounted to 8.5% in 2023, exceeding pre-Covid-19 levels. These estimates were 7.5% in 2022 and, on average, 8.2% in the period from 2016 to 2019, prior to the Covid-19 pandemic.
  • GDP increased by 4.1% in 2023 29/02/2024
    Results for the year 2023 indicate that gross domestic production (GDP) increased by 4.1% in volume with nominal level estimated at 4,279 billion ISK. In the fourth quarter, the growth of the economy slowed down, but the increase in GDP was 0.6% compared with the same quarter of the previous year.
  • The purchasing power of disposable income per capita decreased by 2.7% in the third quarter 14/12/2023
    Household gross disposable income increased by 8% in the third quarter of 2023 compared with last year‘s corresponding quarter according to preliminary figures. Disposable income per capita amounted to little over 1.3 million ISK in the quarter and is estimated to have increased by 4.8% compared with the third quarter of 2022.
  • Significantly slower economic growth in the third quarter of 2023 30/11/2023
    According to the results of national accounts, the estimated nominal value of gross domestic product (GDP) amounted to 1,080.3 billion ISK in the third quarter of 2023 and its growth (economic growth) 1.1% compared with the same period last year. In the first nine months of the year, GDP in volume is about 4.2% higher […]
  • Corrected release: The purchasing power of disposable income per capita decreased by 5.2% in the second quarter 02/10/2023
    The purchasing power of household disposable income per capita is estimated to have decreased by 5.2% in the second quarter of 2023, compared with last year’s corresponding quarter. In 2022, the purchasing power of household disposable income per capita decreased by 0.1% from 2021.