Iceland : 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iceland

Author/Editor:

International Monetary Fund. European Dept.

Publication Date:

June 22, 2017

Electronic Access:

Free Full Text (PDF file size is 1484 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This 2017 Article IV Consultation highlights Iceland’s continued real GDP growth, driven by tourism. Growth reached 7.2 percent in 2016 and is projected at almost 6 percent in 2017 before tapering to about 2.5 percent over the medium term. Bank credit to the nonfinancial private sector remains muted, growing only 4.3 percent in 2016, but it is expected to pick up. Thus far, growth has been driven not by leverage but by exports, private consumption, and investment. Iceland’s current account surplus is projected to shrink modestly over time, with some export sectors suffering while others thrive.

Series:

Country Report No. 17/163

Subject:

English

Publication Date:

June 22, 2017

ISBN/ISSN:

9781484304969/1934-7685

Stock No:

1ISLEA2017001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

59

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