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

_IMF Staff Country Reports, June 22, 2017_

## Source details

**Canonical URL:** [Iceland: 2017 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Iceland](https://www.imf.org/en/publications/cr/issues/2017/06/22/iceland-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44998)

## Other formats

- [Markdown version](/en/publications/cr/issues/2017/06/22/iceland-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44998/index.md)
- [Structured JSON version](/en/publications/cr/issues/2017/06/22/iceland-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44998/index.json)
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## Bibliographic details
- Published: June 22, 2017
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484304969.002

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### Growth and outlook
- Real GDP growth reached 7.2 percent in 2016.
- Growth is projected at almost 6 percent in 2017.
- Growth is expected to taper to about 2.5 percent over the medium term.
- Growth to date has been driven by exports, private consumption, and investment rather than by leverage.

### Financial sector and credit
- Bank credit to the nonfinancial private sector grew 4.3 percent in 2016.
- Bank credit is expected to pick up going forward.

### External sector and current account
- Iceland’s current account surplus is projected to shrink modestly over time.
- Projections indicate differential performance across export sectors: some export sectors are expected to suffer while others are expected to thrive.

### Thematic coverage and keywords
- Subject areas: Balance of payments, Banking, Current account, Economic sectors, External debt, External sector statistics, Financial regulation and supervision, Financial statistics, Inflation, Prices, Tourism.
- Keywords present in the source: CBI transactions, CR, Current account, economy, exchange rate volatility, fiscal policy, Global, IMF staff projection, Inflation, inflation expectation, inflation prospect, ISCR, prudent fiscal policy, Tourism.

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

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2017/cr17163.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2017/cr17163.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2017/06/22/iceland-2017-article-iv-consultation-press-release-staff-report-and-statement-by-the-44998_