Iceland |
Gross domestic product, constant prices |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: Yes, from 1990
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
2,684.785 |
2,750.154 |
2,571.287 |
2,666.321 |
2,774.846 |
2,876.591 |
2,950.149 |
3,019.812 |
3,087.872 |
2020 |
Iceland |
Gross domestic product, constant prices |
Percent change |
|
See notes for:
Gross domestic product, constant prices (National currency).
|
4.892 |
2.435 |
-6.504 |
3.696 |
4.070 |
3.667 |
2.557 |
2.361 |
2.254 |
2020 |
Iceland |
Gross domestic product, current prices |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: Yes, from 1990
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
2,844.728 |
3,047.727 |
2,941.099 |
3,202.594 |
3,437.687 |
3,615.059 |
3,772.980 |
3,949.692 |
4,153.735 |
2020 |
Iceland |
Gross domestic product, current prices |
U.S. dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
26.267 |
24.858 |
21.718 |
25.476 |
27.172 |
28.170 |
29.529 |
31.047 |
32.596 |
2020 |
Iceland |
Gross domestic product, current prices |
Purchasing power parity; international dollars |
Billions |
See notes for:
Gross domestic product, current prices (National currency).
|
20.693 |
21.576 |
20.415 |
21.933 |
23.454 |
24.892 |
26.111 |
27.308 |
28.502 |
2020 |
Iceland |
Gross domestic product, deflator |
Index |
|
See notes for:
Gross domestic product, constant prices (National currency)
Gross domestic product, current prices (National currency).
|
105.957 |
110.820 |
114.382 |
120.113 |
123.887 |
125.672 |
127.891 |
130.793 |
134.518 |
2020 |
Iceland |
Gross domestic product per capita, constant prices |
National currency |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
7,704,936.146 |
7,703,706.816 |
7,061,375.757 |
7,205,092.698 |
7,385,212.152 |
7,544,576.247 |
7,625,198.856 |
7,812,853.767 |
8,001,621.569 |
2018 |
Iceland |
Gross domestic product per capita, constant prices |
Purchasing power parity; 2017 international dollar |
Units |
See notes for:
Gross domestic product, constant prices (National currency)
Population (Persons).
|
57,999.184 |
57,989.930 |
53,154.760 |
54,236.594 |
55,592.450 |
56,792.069 |
57,398.959 |
58,811.538 |
60,232.494 |
2018 |
Iceland |
Gross domestic product per capita, current prices |
National currency |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
8,163,948.917 |
8,537,265.645 |
8,076,968.918 |
8,654,240.118 |
9,149,351.831 |
9,481,391.609 |
9,751,955.148 |
10,218,639.214 |
10,763,597.664 |
2018 |
Iceland |
Gross domestic product per capita, current prices |
U.S. dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
75,382.600 |
69,631.272 |
59,643.087 |
68,843.646 |
72,317.581 |
73,881.654 |
76,323.207 |
80,325.238 |
84,467.255 |
2018 |
Iceland |
Gross domestic product per capita, current prices |
Purchasing power parity; international dollars |
Units |
See notes for:
Gross domestic product, current prices (National currency)
Population (Persons).
|
59,384.686 |
60,437.393 |
56,065.748 |
59,268.338 |
62,422.050 |
65,286.401 |
67,488.032 |
70,651.016 |
73,857.432 |
2018 |
Iceland |
Gross domestic product based on purchasing-power-parity (PPP) share of world total |
Percent |
|
See notes for:
Gross domestic product, current prices (National currency).
|
0.016 |
0.016 |
0.015 |
0.015 |
0.015 |
0.015 |
0.015 |
0.015 |
0.015 |
2020 |
Iceland |
Implied PPP conversion rate |
National currency per current international dollar |
|
See notes for:
Gross domestic product, current prices (National currency).
|
137.476 |
141.258 |
144.062 |
146.018 |
146.572 |
145.228 |
144.499 |
144.635 |
145.735 |
2020 |
Iceland |
Total investment |
Percent of GDP |
|
Source: National Statistics Office
Latest actual data: 2020
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: Yes, from 1990
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
22.272 |
21.197 |
21.582 |
22.750 |
22.773 |
22.628 |
22.359 |
22.110 |
21.921 |
2020 |
Iceland |
Gross national savings |
Percent of GDP |
|
Source: National Statistics Office
Latest actual data: 2020
National accounts manual used: European System of Accounts (ESA) 2010
GDP valuation: Market prices
Start/end months of reporting year: January/December
Base year: 2015
Chain-weighted: Yes, from 1990
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
25.808 |
27.027 |
22.495 |
23.752 |
24.006 |
24.180 |
24.115 |
24.053 |
23.960 |
2020 |
Iceland |
Inflation, average consumer prices |
Index |
|
Source: National Statistics Office
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2008. Base period is 2008M1.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
161.094 |
165.940 |
170.672 |
177.938 |
183.409 |
187.994 |
192.694 |
197.511 |
202.448 |
2020 |
Iceland |
Inflation, average consumer prices |
Percent change |
|
See notes for:
Inflation, average consumer prices (Index).
|
2.686 |
3.008 |
2.851 |
4.258 |
3.074 |
2.500 |
2.500 |
2.500 |
2.500 |
2020 |
Iceland |
Inflation, end of period consumer prices |
Index |
|
Source: National Statistics Office
Latest actual data: 2020
Harmonized prices: No
Frequency of source data: Monthly
Base year: 2008. Base period is 2008M1.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
164.310 |
167.600 |
173.600 |
181.020 |
185.546 |
190.184 |
194.939 |
199.812 |
204.807 |
2020 |
Iceland |
Inflation, end of period consumer prices |
Percent change |
|
See notes for:
Inflation, end of period consumer prices (Index).
|
3.738 |
2.002 |
3.580 |
4.274 |
2.500 |
2.500 |
2.500 |
2.500 |
2.500 |
2020 |
Iceland |
Volume of imports of goods and services |
Percent change |
|
Source: National Statistics Office
Latest actual data: 2020
Base year: 2005
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1990
Trade System: Special trade
Excluded items in trade: In transit; Re-imports;. In accordance with ESA 2010.
Oil coverage: Petroleum, petroleum products
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
0.871 |
-8.430 |
-22.465 |
17.475 |
4.949 |
5.171 |
3.650 |
2.219 |
2.552 |
2020 |
Iceland |
Volume of Imports of goods |
Percent change |
|
Source: National Statistics Office
Latest actual data: 2020
Base year: 2005
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1990
Trade System: Special trade
Excluded items in trade: In transit; Re-imports;. In accordance with ESA 2010.
Oil coverage: Petroleum, petroleum products
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
-2.576 |
-6.049 |
-14.495 |
17.952 |
-0.864 |
2.611 |
1.745 |
2.050 |
3.484 |
2020 |
Iceland |
Volume of exports of goods and services |
Percent change |
|
Source: National Statistics Office
Latest actual data: 2020
Base year: 2005
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1990
Trade System: Special trade
Excluded items in trade: In transit; Re-imports;. In accordance with ESA 2010.
Oil coverage: Petroleum, petroleum products
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
1.684 |
-4.669 |
-30.191 |
15.057 |
7.896 |
7.961 |
5.288 |
3.673 |
3.688 |
2020 |
Iceland |
Volume of exports of goods |
Percent change |
|
Source: National Statistics Office
Latest actual data: 2020
Base year: 2005
Methodology used to derive volumes: Deflation by unit value indexes (from customs data)
Formula used to derive volumes: Fisher
Chain-weighted: Yes, from 1990
Trade System: Special trade
Excluded items in trade: In transit; Re-imports;. In accordance with ESA 2010.
Oil coverage: Petroleum, petroleum products
Valuation of exports: Free on board (FOB)
Valuation of imports: Free on board (FOB)
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
3.858 |
-0.975 |
-8.511 |
4.837 |
4.000 |
3.000 |
3.000 |
2.500 |
2.500 |
2020 |
Iceland |
Unemployment rate |
Percent of total labor force |
|
Source: Labor Directorate
Latest actual data: 2020
Notes: LHEM series is from the OECD, hourly earnings in the manufacturing sector
Employment type: Other
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
3.100 |
3.925 |
6.433 |
7.000 |
5.000 |
4.000 |
4.000 |
4.000 |
4.000 |
2020 |
Iceland |
Employment |
Persons |
Millions |
Source: Labor Directorate
Latest actual data: 2020
Notes: LHEM series is from the OECD, hourly earnings in the manufacturing sector
Employment type: Other
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
0.193 |
0.195 |
0.189 |
0.192 |
0.197 |
n/a |
n/a |
n/a |
n/a |
2020 |
Iceland |
Population |
Persons |
Millions |
Source: National Statistics Office
Latest actual data: 2018
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
0.348 |
0.357 |
0.364 |
0.370 |
0.376 |
0.381 |
0.387 |
0.387 |
0.386 |
2018 |
Iceland |
General government revenue |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds;
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is calculated as gross debt minus assets in the form of currency and deposits.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
1,273.013 |
1,273.889 |
1,231.606 |
1,322.994 |
1,413.841 |
1,503.604 |
1,566.825 |
1,634.813 |
1,707.404 |
2020 |
Iceland |
General government revenue |
Percent of GDP |
|
See notes for:
General government revenue (National currency).
|
44.750 |
41.798 |
41.876 |
41.310 |
41.128 |
41.593 |
41.528 |
41.391 |
41.105 |
2020 |
Iceland |
General government total expenditure |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds;
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is calculated as gross debt minus assets in the form of currency and deposits.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
1,247.071 |
1,320.250 |
1,485.632 |
1,600.684 |
1,634.937 |
1,628.670 |
1,590.563 |
1,615.369 |
1,695.277 |
2020 |
Iceland |
General government total expenditure |
Percent of GDP |
|
See notes for:
General government total expenditure (National currency).
|
43.838 |
43.319 |
50.513 |
49.981 |
47.559 |
45.052 |
42.157 |
40.899 |
40.813 |
2020 |
Iceland |
General government net lending/borrowing |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds;
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is calculated as gross debt minus assets in the form of currency and deposits.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
25.942 |
-46.361 |
-254.026 |
-277.691 |
-221.096 |
-125.066 |
-23.738 |
19.444 |
12.127 |
2020 |
Iceland |
General government net lending/borrowing |
Percent of GDP |
|
See notes for:
General government net lending/borrowing (National currency).
|
0.912 |
-1.521 |
-8.637 |
-8.671 |
-6.432 |
-3.460 |
-0.629 |
0.492 |
0.292 |
2020 |
Iceland |
General government structural balance |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds;
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is calculated as gross debt minus assets in the form of currency and deposits.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
-41.523 |
-99.031 |
-90.539 |
-115.248 |
-212.458 |
-142.258 |
-35.299 |
6.332 |
8.732 |
2020 |
Iceland |
General government structural balance |
Percent of potential GDP |
|
See notes for:
General government structural balance (National currency).
|
-1.506 |
-3.319 |
-2.940 |
-3.487 |
-6.095 |
-3.929 |
-0.935 |
0.160 |
0.210 |
2020 |
Iceland |
General government primary net lending/borrowing |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds;
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is calculated as gross debt minus assets in the form of currency and deposits.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
87.603 |
14.033 |
-188.206 |
-206.880 |
-87.271 |
12.280 |
70.184 |
111.260 |
102.913 |
2020 |
Iceland |
General government primary net lending/borrowing |
Percent of GDP |
|
See notes for:
General government primary net lending/borrowing (National currency).
|
3.079 |
0.460 |
-6.399 |
-6.460 |
-2.539 |
0.340 |
1.860 |
2.817 |
2.478 |
2020 |
Iceland |
General government net debt |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds;
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is calculated as gross debt minus assets in the form of currency and deposits.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
1,440.775 |
1,646.195 |
1,779.249 |
2,014.065 |
2,189.716 |
2,269.071 |
2,249.076 |
2,187.826 |
2,135.417 |
2020 |
Iceland |
General government net debt |
Percent of GDP |
|
See notes for:
General government net debt (National currency).
|
50.647 |
54.014 |
60.496 |
62.889 |
63.697 |
62.767 |
59.610 |
55.392 |
51.410 |
2020 |
Iceland |
General government gross debt |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds;
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is calculated as gross debt minus assets in the form of currency and deposits.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
1,795.982 |
2,015.890 |
2,266.878 |
2,427.894 |
2,591.645 |
2,672.300 |
2,651.705 |
2,590.055 |
2,451.637 |
2020 |
Iceland |
General government gross debt |
Percent of GDP |
|
See notes for:
General government gross debt (National currency).
|
63.134 |
66.144 |
77.076 |
75.810 |
75.389 |
73.921 |
70.281 |
65.576 |
59.022 |
2020 |
Iceland |
Gross domestic product corresponding to fiscal year, current prices |
National currency |
Billions |
Source: National Statistics Office
Latest actual data: 2020
Start/end months of reporting year: January/December
GFS Manual used: Government Finance Statistics Manual (GFSM) 2001
Basis of recording: Accrual
General government includes: Central Government; Local Government; Social Security Funds;
Valuation of public debt: Face value
Instruments included in gross and net debt: Securities Other than Shares; Loans;. Gross debt follows the Maastricht definition of gross debt, and excludes other accounts payable. Net debt is calculated as gross debt minus assets in the form of currency and deposits.
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
2,844.728 |
3,047.727 |
2,941.099 |
3,202.594 |
3,437.687 |
3,615.059 |
3,772.980 |
3,949.692 |
4,153.735 |
2020 |
Iceland |
Current account balance |
U.S. dollars |
Billions |
Source: Central Bank
Latest actual data: 2020
BOP Manual used: Balance of Payments and International Investment Position Manual, sixth edition (BPM6)
Primary domestic currency: Icelandic króna
Data last updated: 09/2021
|
0.929 |
1.449 |
0.198 |
0.255 |
0.335 |
0.437 |
0.519 |
0.603 |
0.665 |
2020 |
Iceland |
Current account balance |
Percent of GDP |
|
See notes for:
Gross domestic product, current prices (National currency)
Current account balance (U.S. dollars).
|
3.536 |
5.830 |
0.913 |
1.002 |
1.233 |
1.552 |
1.756 |
1.943 |
2.039 |
2020 |