Exports in Iceland decreased to 47140.81 ISK Million in April from 55924.62 ISK Million in March of 2020. Exports in Iceland averaged 14170.33 ISK Million from 1960 until 2020, reaching an all time high of 76557.87 ISK Million in January of 2019 and a record low of 0.78 ISK Million in January of 1960. In 2017, the country’s main exports were: manufacturing products (54 percent of total exports), of which aluminium and aluminium products (39 percent); marine products (38 percent), of which frozen fish fillets (9 percent), fresh fish (9 percent) and whole frozen fish (5 percent); and agricultural products (4 percent). Iceland’s main export partners were: the Netherlands (25 percent of total exports); Spain (13 percent); the UK (9 percent); Germany (8 percent); the US (7 percent); France (6 percent); and Norway (5 percent). This page provides the latest reported value for - Iceland Exports - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Imports in Iceland decreased to 47961.34 ISK Million in April from 68900.87 ISK Million in March of 2020. Imports in Iceland averaged 15090.50 ISK Million from 1960 until 2020, reaching an all time high of 74468.85 ISK Million in June of 2019 and a record low of 1.21 ISK Million in January of 1960. In 2017, Iceland’s main imports were: processed industrial supplies (26 percent of total imports); capital goods (21 percent); transport equipment (19 percent), of which passenger cars (9 percent); consumer goods (13 percent), of which semi- (5 percent) and non-durable goods (5 percent); fuels and lubricants (11 percent); and food and beverages (8 percent). Iceland’s major import partners were: Germany (11 percent of total imports); Norway (9 percent); China and the Netherlands (7 percent each); the US, Denmark and the UK (6 percent each); and Sweden (4 percent). This page provides - Iceland Imports - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Standard & Poor's credit rating for Iceland stands at A with stable outlook. Moody's credit rating for Iceland was last set at A2 with stable outlook. Fitch's credit rating for Iceland was last reported at A with stable outlook. In general, a credit rating is used by sovereign wealth funds, pension funds and other investors to gauge the credit worthiness of Iceland thus having a big impact on the country's borrowing costs. This page includes the government debt credit rating for Iceland as reported by major credit rating agencies.

Iceland recorded 1801 Coronavirus Cases since the epidemic began, according to the World Health Organization (WHO). In addition, Iceland reported 10 Coronavirus Deaths. This page includes a chart with historical data for Iceland Coronavirus Cases.

Iceland recorded 10 Coronavirus Deaths since the epidemic began, according to the World Health Organization (WHO). In addition, Iceland reported 1801 Coronavirus Cases. This page includes a chart with historical data for Iceland Coronavirus Deaths.

Iceland recorded 1765 Coronavirus Recovered since the epidemic began, according to the World Health Organization (WHO). In addition, Iceland reported 10 Coronavirus Deaths. This page includes a chart with historical data for Iceland Coronavirus Recovered.

Harmonised Consumer Prices in Iceland decreased to 101.20 points in March from 101.80 points in February of 2020. Harmonised Consumer Prices in Iceland averaged 72.54 points from 1996 until 2020, reaching an all time high of 104.50 points in July of 2019 and a record low of 42.80 points in February of 1996. The Harmonised Index of Consumer Prices (HICP) is an indicator of inflation and price stability for the European Central Bank (ECB). The HICP is compiled by Eurostat and the national statistical institutes in accordance with harmonised statistical methods. The ECB aims to maintain annual inflation rates as measured by the HICP below, but close to, 2% over the medium term. This page provides - Iceland Harmonised Consumer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Part Time Employment in Iceland increased to 43.20 Thousand in the fourth quarter of 2019 from 38.70 Thousand in the third quarter of 2019. Part Time Employment in Iceland averaged 36.50 Thousand from 1998 until 2019, reaching an all time high of 47.50 Thousand in the first quarter of 2016 and a record low of 28 Thousand in the third quarter of 2005. This page provides - Iceland Part Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iceland recorded a capital and financial account surplus of 51.90 ISK Billion in the fourth quarter of 2019. Capital Flows in Iceland averaged -6.49 ISK Billion from 1990 until 2019, reaching an all time high of 414.27 ISK Billion in the fourth quarter of 2009 and a record low of -418.16 ISK Billion in the first quarter of 2008. In Iceland, international capital flows are measured using the Capital and Financial Account Balance of the Balance of Payments. This page provides - Iceland Capital Flows - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product per capita in Iceland was last recorded at 48605.58 US dollars in 2018, when adjusted by purchasing power parity (PPP). The GDP per Capita, in Iceland, when adjusted by Purchasing Power Parity is equivalent to 274 percent of the world's average. GDP per capita PPP in Iceland averaged 37659.65 USD from 1990 until 2018, reaching an all time high of 48605.58 USD in 2018 and a record low of 28295.13 USD in 1992. The GDP per capita PPP is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. This page provides the latest reported value for - Iceland GDP per capita PPP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

GDP Deflator in Iceland increased to 195.52 points in 2019 from 187.39 points in 2018. GDP Deflator in Iceland averaged 91.77 points from 1980 until 2019, reaching an all time high of 195.52 points in 2019 and a record low of 3.24 points in 1980. This page provides - Iceland GDP Deflator - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Iceland expanded 4.80 percent in the fourth quarter of 2019 over the previous quarter. GDP Growth Rate in Iceland averaged 0.89 percent from 1997 until 2019, reaching an all time high of 10 percent in the second quarter of 1998 and a record low of -8.70 percent in the first quarter of 2009. Iceland's economy depends heavily on the fishing industry, which provides 40 percent of export earnings, more than 12 percent of GDP, and employs nearly 5 percent of the work force. Its economy has been diversifying into manufacturing and service industries in the last decade, particularly within the fields of software production, biotechnology, and tourism. On the expenditure side, household consumption is the main component of GDP and accounts for 53 percent of its total use, followed by government expenditure (24 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 54 percent of GDP while imports account for 47 percent, adding 7 percent of total GDP. This page provides - Iceland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Confidence in Iceland decreased to 62.20 points in March from 75.30 points in February of 2020. Consumer Confidence in Iceland averaged 94.72 points from 2001 until 2020, reaching an all time high of 154.93 points in May of 2007 and a record low of 19.54 points in January of 2009. Gallup/Capacent Consumer Sentiment measures future expectations of Icelandic households on the economy, employment and income. The sentiment index is based on 5 questions assessing: current economic situation and expectations in 6 months, current situation in the labor market and expectations in 6 months, and expectations towards the household's total income in 6 months. For each question, the number of positive answers is divided by the number of positive and negative answers. The value of 100 means that the number of positive and negative participants is equal. If the index has a value greater than 100 it means that more participants are positive and vice versa. This page provides the latest reported value for - Iceland Consumer Confidence - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Producer Prices in Iceland increased to 218.40 points in March from 213.60 points in February of 2020. Producer Prices in Iceland averaged 179.06 points from 2003 until 2020, reaching an all time high of 224.80 points in April of 2012 and a record low of 99.80 points in January of 2005. In Iceland, the Producer Price Index measures the average change in price of goods and services sold by manufacturers and producers in the wholesale market during a given period. This page provides - Iceland Producer Prices - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iceland recorded a trade deficit of 820.53 ISK Million in April of 2020. Balance of Trade in Iceland averaged -920.29 ISK Million from 1960 until 2020, reaching an all time high of 24138.40 ISK Million in January of 2019 and a record low of -28450.73 ISK Million in June of 2019. In 2017, Iceland's trade deficit widened sharply by 65 percent from the previous year to ISK 178 billion. Imports jumped 8 percent mainly boosted by higher purchases of industrial supplies, ships and transport equipment, while exports fell 4 percent due to a steep decline in marine products sales. The largest trade deficits were recorded with China, Norway, Germany, Denmark and Sweden; while the biggest trade surpluses were recorded with the Netherlands, Spain and France. This page provides the latest reported value for - Iceland Balance of Trade - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

The Social Security Rate For Companies in Iceland stands at 6.35 percent. Social Security Rate For Companies in Iceland averaged 6.54 percent from 2000 until 2020, reaching an all time high of 8.65 percent in 2010 and a record low of 5.23 percent in 2001. In Iceland, the Social Security Rate is a tax related with labor income charged to both companies and employees. Revenues from the Social Security Rate For Companies are an important source of income for the government of Iceland because they help to pay for many social programs including welfare, health care and many other benefits. This page provides - Iceland Social Security Rate For Companies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iceland is ranked 26 among 190 economies in the ease of doing business, according to the latest World Bank annual ratings. The rank of Iceland deteriorated to 26 in 2019 from 21 in 2018. Ease of Doing Business in Iceland averaged 16.58 from 2008 until 2019, reaching an all time high of 26 in 2019 and a record low of 9 in 2011. The Ease of doing business index ranks countries against each other based on how the regulatory environment is conducive to business operationstronger protections of property rights. Economies with a high rank (1 to 20) have simpler and more friendly regulations for businesses. This page includes a chart with historical data for Ease of Doing Business in Iceland.

Asylum Applications in Iceland increased to 75 persons in November from 70 persons in October of 2019. Asylum Applications in Iceland averaged 70.27 persons from 2015 until 2019, reaching an all time high of 255 persons in November of 2016 and a record low of 5 persons in May of 2015. Asylum Application in this page refers to first time asylum applicants. Data is supplied to Trading Economics by the Eurostat, National Ministries of Interior and other official agencies. This page provides - Iceland Asylum Applications- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Consumer Spending in Iceland increased to 207932 ISK Million in the fourth quarter of 2019 from 188889 ISK Million in the third quarter of 2019. Consumer Spending in Iceland averaged 147517.58 ISK Million from 1997 until 2019, reaching an all time high of 207932 ISK Million in the fourth quarter of 2019 and a record low of 91771 ISK Million in the first quarter of 1997. This page provides - Iceland Consumer Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Terrorism Index in Iceland decreased to 0.03 in 2018 from 0.06 in 2017. Terrorism Index in Iceland averaged 0.11 from 2002 until 2018, reaching an all time high of 1.22 in 2014 and a record low of 0 in 2003. The Global Terrorism Index measures the direct and indirect impact of terrorism, including its effects on lives lost, injuries, property damage and the psychological aftereffects. It is a composite score that ranks countries according to the impact of terrorism from 0 (no impact) to 10 (highest impact).

Government Spending in Iceland increased to 83258 ISK Million in the fourth quarter of 2019 from 79245 ISK Million in the third quarter of 2019. Government Spending in Iceland averaged 64754.02 ISK Million from 1997 until 2019, reaching an all time high of 83258 ISK Million in the fourth quarter of 2019 and a record low of 43717 ISK Million in the first quarter of 1997. Government Spending refers to public expenditure on goods and services and is a major component of the GDP. Government spending policies like setting up budget targets, adjusting taxation, increasing public expenditure and public works are very effective tools in influencing economic growth. This page provides - Iceland Government Spending - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Tourist Arrivals in Iceland decreased to 79873 in March from 133001 in February of 2020. Tourist Arrivals in Iceland averaged 75208.18 from 2002 until 2020, reaching an all time high of 291344 in August of 2018 and a record low of 10592 in December of 2002. In Iceland, the Icelandic Tourist Board counts foreign visitors when they leave through Keflavík Airport. This page provides - Iceland Foreign Visitors- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The ICEX decreased 198 points or 12.85% since the beginning of 2020, according to trading on a contract for difference (CFD) that tracks this benchmark index from Iceland. Historically, the Iceland Stock Market (SE ICEX) reached an all time high of 8238.14 in July of 2007. The OMX Iceland All-Share Price Index is a major stock market index which tracks the performance of all shares listed on the Main list of the NASDAQ OMX Nordic Exchange Iceland. It is a free floating, capitalization-weighted index. The OMX Iceland All-Share Price Index has a base value of 1000 as of December 31, 1997.

Retirement Age Men in Iceland remained unchanged at 67 in 2018 from 67 in 2017. This page provides - Iceland Retirement Age Men - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Gross Domestic Product (GDP) in Iceland was worth 24.70 billion US dollars in 2019, according to official data from the World Bank and projections from Trading Economics. The GDP value of Iceland represents 0.02 percent of the world economy. GDP in Iceland averaged 7.69 USD Billion from 1960 until 2019, reaching an all time high of 25.88 USD Billion in 2018 and a record low of 0.25 USD Billion in 1961. The gross domestic product (GDP) measures of national income and output for a given country's economy. The gross domestic product (GDP) is equal to the total expenditures for all final goods and services produced within the country in a stipulated period of time. This page provides the latest reported value for - Iceland GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Labor Force Participation Rate in Iceland decreased to 79 percent in March from 80.40 percent in February of 2020. Labor Force Participation Rate in Iceland averaged 81.86 percent from 2003 until 2020, reaching an all time high of 84.90 percent in November of 2016 and a record low of 77.70 percent in November of 2011. The labour force participation rates is the number of persons who are employed and unemployed but looking for a job divided by the total working-age population. This page provides the latest reported value for - Iceland Labor Force Participation Rate - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Foreign Exchange Reserves in Iceland increased to 947537.15 ISK Million in March from 855288.62 ISK Million in February of 2020. Foreign Exchange Reserves in Iceland averaged 211655.41 ISK Million from 1980 until 2020, reaching an all time high of 1110368 ISK Million in November of 2011 and a record low of 610 ISK Million in February of 1980. In Iceland, Foreign Exchange Reserves are the foreign assets held or controlled by the country central bank. The reserves are made of gold or a specific currency. They can also be special drawing rights and marketable securities denominated in foreign currencies like treasury bills, government bonds, corporate bonds and equities and foreign currency loans. This page provides - Iceland Foreign Exchange Reserves - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iceland is the 26 most competitive nation in the world out of 140 countries ranked in the 2018 edition of the Global Competitiveness Report published by the World Economic Forum. Competitiveness Rank in Iceland averaged 26.46 from 2007 until 2019, reaching an all time high of 31 in 2011 and a record low of 20 in 2007. The most recent 2018 edition of Global Competitiveness Report assesses 140 economies. In 2018, the World Economic Forum introduced a new methodology emphasizing the role of human capital, innovation, resilience and agility, as not only drivers but also defining features of economic success in the 4th Industrial Revolution. As a result, the GCI scale changed to 1 to 100 from 1 to 7, with higher average score meaning higher degree of competitiveness. The report is made up of 98 variables organized into twelve pillars with the most important including: institutions; infrastructure; ICT adoption; macroeconomic stability; health; skills; product market; labour market; financial system; market size; business dynamism; and innovation capability. This page provides the latest reported value for - Iceland Competitiveness Rank - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Retirement Age Women in Iceland remained unchanged at 67 in 2018 from 67 in 2017. This page provides - Iceland Retirement Age Women - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Deposit Interest Rate in Iceland increased to 4.85 in 2004 from 4.81 in 2003. Deposit Interest Rate in Iceland averaged 15.21 from 1980 until 2004, reaching an all time high of 39.46 in 1983 and a record low of 3.03 in 1994. Deposit Interest Rate in Iceland is reported by the World Bank. This page includes a chart with historical data for Deposit Interest Rate in Iceland.

Full Time Employment in Iceland decreased to 146.10 Thousand in the fourth quarter of 2019 from 152.70 Thousand in the third quarter of 2019. Full Time Employment in Iceland averaged 129.07 Thousand from 1998 until 2019, reaching an all time high of 156.20 Thousand in the second quarter of 2019 and a record low of 97 Thousand in the second quarter of 1998. This page provides - Iceland Full Time Employment- actual values, historical data, forecast, chart, statistics, economic calendar and news.

The Sales Tax Rate in Iceland stands at 24 percent. Sales Tax Rate in Iceland averaged 24.68 percent from 2010 until 2020, reaching an all time high of 25.50 percent in 2011 and a record low of 24 percent in 2015. In Iceland, the sales tax rate is a tax charged to consumers based on the purchase price of certain goods and services. The benchmark we use for the sales tax rate refers to the highest rate. Revenues from the Sales Tax Rate are an important source of income for the government of Iceland. This page provides - Iceland Sales Tax Rate | VAT - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Government spending in Iceland was last recorded at 41.9 percent of GDP in 2019 . Government Spending to GDP in Iceland averaged 41.70 percent from 1980 until 2019, reaching an all time high of 54.50 percent in 2008 and a record low of 34.10 percent in 1980. This page provides the latest reported value for - Iceland Government Spending to GDP - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Government Revenues in Iceland increased to 320.20 ISK Billion in the fourth quarter of 2019 from 302.60 ISK Billion in the third quarter of 2019. Government Revenues in Iceland averaged 203.51 ISK Billion from 2004 until 2019, reaching an all time high of 620.20 ISK Billion in the first quarter of 2016 and a record low of 96.70 ISK Billion in the first quarter of 2004. Government Revenues refer to all receipts the government gets, including taxes, custom duties, revenue from state-owned enterprises, capital revenues and foreign aid. Government Revenues are part of government budget balance calculation. This page provides - Iceland Government Revenues- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Gross Fixed Capital Formation in Iceland decreased to 70706 ISK Million in the fourth quarter of 2019 from 75641 ISK Million in the third quarter of 2019. Gross Fixed Capital Formation in Iceland averaged 56048.34 ISK Million from 1997 until 2019, reaching an all time high of 108559 ISK Million in the fourth quarter of 2006 and a record low of 29062 ISK Million in the first quarter of 2009. This page provides - Iceland Gross Fixed Capital Formation - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Foreign Direct Investment in Iceland increased by 28.60 ISK Billion in the fourth quarter of 2019. Foreign Direct Investment in Iceland averaged 9.07 ISK Billion from 1995 until 2019, reaching an all time high of 199.98 ISK Billion in the second quarter of 2007 and a record low of -553.03 ISK Billion in the third quarter of 2017. This page provides the latest reported value for - Iceland Foreign Direct Investment - Net Inflows - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Gasoline Prices in Iceland decreased to 1.26 USD/Liter in April from 1.40 USD/Liter in March of 2020. Gasoline Prices in Iceland averaged 1.78 USD/Liter from 1998 until 2020, reaching an all time high of 2.24 USD/Liter in June of 2014 and a record low of 1.05 USD/Liter in December of 2000. This page provides the latest reported value for - Iceland Gasoline Prices - plus previous releases, historical high and low, short-term forecast and long-term prediction, economic calendar, survey consensus and news.

Iceland recorded a Current Account surplus of 5.80 percent of the country's Gross Domestic Product in 2019. Current Account to GDP in Iceland averaged -3.76 percent from 1980 until 2019, reaching an all time high of 7.60 percent in 2016 and a record low of -23 percent in 2006. The Current account balance as a percent of GDP provides an indication on the level of international competitiveness of a country. Usually, countries recording a strong current account surplus have an economy heavily dependent on exports revenues, with high savings ratings but weak domestic demand. On the other hand, countries recording a current account deficit have strong imports, a low saving rates and high personal consumption rates as a percentage of disposable incomes. This page provides - Iceland Current Account to GDP - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Disposable Personal Income in Iceland increased to 4100.50 ISK Thousand in 2018 from 3913.90 ISK Thousand in 2017. Disposable Personal Income in Iceland averaged 2171.54 ISK Thousand from 1994 until 2018, reaching an all time high of 4100.50 ISK Thousand in 2018 and a record low of 818.40 ISK Thousand in 1994. This page provides - Iceland Disposable Income per Capita - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Fiscal Expenditure in Iceland increased to 328.50 ISK Billion in the fourth quarter of 2019 from 314.80 ISK Billion in the third quarter of 2019. Fiscal Expenditure in Iceland averaged 207.13 ISK Billion from 2004 until 2019, reaching an all time high of 370.50 ISK Billion in the fourth quarter of 2016 and a record low of 97.80 ISK Billion in the first quarter of 2004. Fiscal expenditure refers to the sum of government expenses, including spending on goods and services, investment and transfer payments like social security and unemployment benefits. Fiscal expenditure are part of government budget balance calculation. This page provides - Iceland Fiscal Expenditure- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Job Vacancies in Iceland increased to 132 in February from 120 in January of 2020. Job Vacancies in Iceland averaged 398.35 from 1999 until 2020, reaching an all time high of 1912 in August of 2005 and a record low of 47 in December of 2018. This page provides - Iceland Job Vacancies - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Remittances in Iceland decreased to 1652 ISK Million in the fourth quarter of 2019 from 1848 ISK Million in the third quarter of 2019. Remittances in Iceland averaged 363.32 ISK Million from 1995 until 2019, reaching an all time high of 2448 ISK Million in the third quarter of 2002 and a record low of 18 ISK Million in the first quarter of 2008. In Iceland, Remittances refers to inflows of migrants’ and short-term employee income transfers (personal remittances). This page provides - Iceland Remittances- actual values, historical data, forecast, chart, statistics, economic calendar and news.

Central Bank Balance Sheet in Iceland increased to 966671 ISK Million in March from 853520 ISK Million in February of 2020. Central Bank Balance Sheet in Iceland averaged 538959.14 ISK Million from 1994 until 2020, reaching an all time high of 1638738 ISK Million in February of 2012 and a record low of 57829 ISK Million in January of 1994. This page provides - Iceland Central Bank Balance Sheet - actual values, historical data, forecast, chart, statistics, economic calendar and news.

The stocks of goods held by firms in Iceland decreased by 5984 ISK Million in the fourth quarter of 2019. Changes in Inventories in Iceland averaged 312.26 ISK Million from 1997 until 2019, reaching an all time high of 19361 ISK Million in the first quarter of 2012 and a record low of -11152 ISK Million in the second quarter of 2012. In Iceland, changes in inventories are often a leading indicator for the overall performance of the economy. This page provides - Iceland Changes in Inventories - actual values, historical data, forecast, chart, statistics, economic calendar and news.

Iceland Three Month Interbank Rate was at 2.18 percent on Friday May 8. Interbank Rate in Iceland averaged 7.89 percent from 1998 until 2020, reaching an all time high of 18.47 percent in October of 2008 and a record low of 2.18 percent in March of 2020. In Iceland, the interbank rate is the rate of interest charged on short-term loans made between banks. This page provides - Iceland Three Month Interbank Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news.

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