IMF Staff Country Reports

Iceland: 2023 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iceland

Publication Date:

June 23, 2023

Electronic Access:

Free Download. Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Iceland has recovered from the shocks of recent years faster than envisaged and scarring from the pandemic is expected to be minimal. The recovery reflects pent-up demand from the pandemic, a rebound of the tourism industry, rapid immigration, and the fact that, unlike most European countries, Iceland experienced an improvement in its terms of trade in 2022. The economy is currently operating above potential. Absent an adjustment in policies, imbalances are likely to increase. Risks are tilted to the downside.

Series:

Country Report No. 2023/217

Subject:

Economic and financial statistics Expenditure Financial Sector Assessment Program Financial sector policy and analysis Fiscal policy Fiscal stance Government finance statistics Inflation International organization Monetary policy Pension spending Prices

Frequency:

regular