External sectors, trade and payments | Current account balance as a percentage of GDP | Percentage | | -3.649 | 6.205 | 4.268 | 5.349 | 7.655 | 4.269 | 4.133 | 6.498 | 1.382 | -2.934 | -1.839 | 0.738 | 1.042 | 1.135 |
Exchange rate, national currency per USD | Iceland Krona | | 125.118 | 122.167 | 116.688 | 131.896 | 120.835 | 106.823 | 108.269 | 122.636 | 135.382 | 126.950 | 135.273 | 137.952 | 138.591 | 139.000 |
Exchange rate, USD per national currency | US Dollar | | 0.008 | 0.008 | 0.009 | 0.008 | 0.008 | 0.009 | 0.009 | 0.008 | 0.007 | 0.008 | 0.007 | 0.007 | 0.007 | 0.007 |
Exports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 | | 7 484 463 668.509 | 7 993 767 209.638 | 8 304 617 991.512 | 9 047 698 172.199 | 10 038 535 514.326 | 10 548 462 673.894 | 10 593 001 712.405 | 10 026 357 206.026 | 6 949 502 647.540 | 7 964 333 648.561 | 9 736 739 154.440 | 10 205 299 328.893 | 10 383 662 799.781 | 10 736 079 860.336 |
Goods and services trade, volume in USD | US Dollar, 2015 | | 6 836 264 366.665 | 7 094 191 544.353 | 7 559 975 784.837 | 8 392 978 585.408 | 9 453 404 933.340 | 10 232 953 097.988 | 10 210 219 097.009 | 9 480 322 290.013 | 7 020 083 195.125 | 8 233 192 061.502 | 9 968 316 344.973 | 10 129 230 266.838 | 10 273 530 410.779 | 10 596 282 630.187 |
Imports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 | | 6 188 065 064.821 | 6 194 615 879.069 | 6 815 333 578.162 | 7 738 258 998.617 | 8 868 274 352.355 | 9 917 443 522.082 | 9 827 436 481.612 | 8 934 287 374.000 | 7 090 663 742.710 | 8 502 050 474.444 | 10 199 893 535.506 | 10 053 161 204.782 | 10 163 398 021.777 | 10 456 485 400.039 |
Government accounts | General government gross financial liabilities as a percentage of GDP | Ratio | | 91.892 | 83.739 | 76.133 | 68.690 | 62.898 | 61.467 | 59.992 | 61.243 | 70.279 | 76.958 | 77.470 | 77.383 | 76.756 | 75.210 |
General government net lending as a percentage of GDP | Percentage | | -2.547 | -1.181 | 0.362 | -0.297 | 12.601 | 1.042 | 1.016 | -1.551 | -8.830 | -8.297 | -3.943 | -1.994 | -0.445 | 0.274 |
General government primary balance as a percentage of GDP | Percentage | | 0.398 | 1.944 | 3.841 | 3.308 | 15.513 | 4.014 | 3.137 | 0.510 | -6.714 | -6.181 | -0.810 | 0.423 | 1.785 | 2.436 |
Expenditure and GDP | Change in inventories, contributions to changes in real GDP | Percentage, 2015 | | -0.001 | 0.003 | -0.003 | -0.003 | 0.001 | 0.002 | 0.001 | -0.006 | 0.010 | -0.001 | -0.001 | 0.006 | 0.002 | 0.000 |
Exports of goods and services, volume (national accounts basis) | Iceland Krona, 2015 | | 987 367 255 721.000 | 1 054 555 722 658.000 | 1 095 563 855 910.000 | 1 193 592 662 152.000 | 1 324 306 149 543.000 | 1 391 576 885 625.000 | 1 397 452 575 611.000 | 1 322 699 559 762.000 | 916 793 996 422.000 | 1 050 672 781 179.000 | 1 284 492 495 974.000 | 1 346 306 006 478.000 | 1 369 836 116 125.280 | 1 416 327 766 210.260 |
Government final consumption expenditure, volume | Iceland Krona, 2015 | | 538 415 951 525.000 | 543 211 003 114.000 | 541 828 809 838.000 | 541 370 505 622.000 | 546 081 679 778.000 | 562 039 947 408.000 | 588 728 298 368.000 | 611 691 360 129.000 | 643 440 111 841.000 | 658 247 273 496.000 | 673 392 737 794.000 | 688 191 376 676.000 | 701 928 848 985.188 | 712 165 061 697.051 |
Gross capital formation, total, volume | Iceland Krona, 2015 | | 315 084 621 329.000 | 327 424 756 327.000 | 375 355 885 529.000 | 448 388 323 590.000 | 530 362 183 058.000 | 590 952 984 523.999 | 607 757 127 099.000 | 567 507 851 043.000 | 552 541 681 196.000 | 626 054 539 478.000 | 717 336 691 311.999 | 732 566 856 295.999 | 754 021 675 496.291 | 780 804 901 163.682 |
Gross domestic product, nominal value, market prices | Iceland Krona | | 1 845 159 750 199.000 | 1 970 145 725 195.000 | 2 086 359 607 697.000 | 2 310 847 786 763.000 | 2 512 054 819 191.000 | 2 641 959 404 965.000 | 2 844 054 747 700.010 | 3 026 099 913 291.000 | 2 929 165 283 830.000 | 3 276 042 231 804.000 | 3 882 780 803 860.990 | 4 278 994 878 554.000 | 4 494 257 750 745.490 | 4 773 225 701 740.630 |
Gross domestic product, volume in USD, at constant purchasing power parities | US Dollar, 2015 | | 14 660 806 513.318 | 15 328 233 911.887 | 15 586 854 176.883 | 16 278 390 482.612 | 17 304 529 287.611 | 18 030 445 433.062 | 18 911 985 104.036 | 19 263 970 797.993 | 17 926 963 945.071 | 18 849 972 297.690 | 20 524 096 344.631 | 21 358 154 366.986 | 21 764 408 598.905 | 22 366 465 718.093 |
Gross domestic product, volume in USD, constant exchange rates | US Dollar, 2015 | | 15 784 096 049.600 | 16 502 660 758.545 | 16 781 096 129.707 | 17 525 616 934.992 | 18 630 376 993.288 | 19 411 911 771.293 | 20 360 993 721.563 | 20 739 948 044.194 | 19 300 501 683.156 | 20 294 229 584.761 | 22 096 622 565.792 | 22 994 584 893.024 | 23 431 965 729.565 | 24 080 151 584.005 |
Gross domestic product, volume, market prices | Iceland Krona, 2015 | | 2 081 218 798 606.000 | 2 175 965 458 508.000 | 2 212 678 674 573.000 | 2 310 847 786 763.000 | 2 456 516 401 174.000 | 2 559 566 006 716.000 | 2 684 707 616 987.000 | 2 734 674 802 792.000 | 2 544 875 981 449.000 | 2 675 904 402 907.000 | 2 913 559 707 513.000 | 3 031 960 917 820.000 | 3 089 631 956 839.200 | 3 175 098 782 497.870 |
Gross fixed capital formation, total, volume | Iceland Krona, 2015 | | 309 714 640 321.000 | 316 629 930 254.000 | 367 749 428 410.000 | 446 756 775 659.000 | 527 123 376 980.000 | 582 817 120 123.999 | 596 247 175 533.000 | 571 799 750 487.999 | 529 559 116 265.999 | 604 109 340 373.999 | 695 579 166 298.998 | 691 707 951 458.998 | 706 385 817 673.821 | 731 712 083 839.170 |
Imports of goods and services, volume (national accounts basis) | Iceland Krona, 2015 | | 816 160 930 890.000 | 817 024 935 809.000 | 898 893 101 351.000 | 1 020 620 274 936.000 | 1 169 661 109 731.000 | 1 308 038 918 829.000 | 1 296 167 642 563.000 | 1 178 367 748 823.000 | 935 207 154 459.000 | 1 121 358 834 629.000 | 1 345 292 028 399.000 | 1 325 939 097 494.000 | 1 340 478 534 658.050 | 1 379 134 635 550.380 |
Net exports, contributions to changes in real GDP | Percentage, 2015 | | -0.002 | 0.037 | -0.025 | -0.015 | -0.008 | -0.024 | 0.006 | 0.014 | -0.053 | -0.020 | 0.005 | 0.029 | 0.003 | 0.002 |
Private final consumption expenditure, volume | Iceland Krona, 2015 | | 1 056 511 900 921.000 | 1 067 798 912 218.000 | 1 098 823 224 647.000 | 1 148 116 570 335.000 | 1 225 427 498 526.000 | 1 323 035 107 988.000 | 1 386 937 258 472.000 | 1 411 143 780 681.000 | 1 367 307 346 449.000 | 1 462 288 643 383.000 | 1 583 629 810 832.000 | 1 590 835 775 864.000 | 1 605 433 870 896.270 | 1 647 996 508 310.790 |
Selected variables: ready-made growth rates | Core inflation | Percentage, 2015 | | 4.587 | 4.098 | 2.734 | 2.094 | 2.162 | 2.426 | 2.527 | 2.933 | 2.887 | 4.377 | 7.794 | 8.425 | 5.072 | 3.234 |
Exports of goods and services, volume, growth (national accounts basis) | Percentage, 2015 | | 3.598 | 6.805 | 3.889 | 8.948 | 10.951 | 5.080 | 0.422 | -5.349 | -30.688 | 14.603 | 22.254 | 4.812 | 1.748 | 3.394 |
Government final consumption expenditure, volume, growth | Percentage, 2015 | | -1.611 | 0.891 | -0.254 | -0.085 | 0.870 | 2.922 | 4.748 | 3.900 | 5.190 | 2.301 | 2.301 | 2.198 | 1.996 | 1.458 |
Gross domestic product, market prices, deflator, growth | Percentage, 2015 | | 3.441 | 2.125 | 4.142 | 6.055 | 2.261 | 0.937 | 2.632 | 4.457 | 4.016 | 6.366 | 8.853 | 5.901 | 3.070 | 3.348 |
Gross domestic product, nominal value, growth | Percentage | | 4.541 | 6.774 | 5.899 | 10.760 | 8.707 | 5.171 | 7.649 | 6.401 | -3.203 | 11.842 | 18.520 | 10.204 | 5.031 | 6.207 |
Gross domestic product, volume, growth | Percentage, 2015 | | 1.064 | 4.552 | 1.687 | 4.437 | 6.304 | 4.195 | 4.889 | 1.861 | -6.940 | 5.149 | 8.881 | 4.064 | 1.902 | 2.766 |
Gross fixed capital formation, total, volume, growth | Percentage, 2015 | | 5.141 | 2.233 | 16.145 | 21.484 | 17.989 | 10.566 | 2.304 | -4.100 | -7.387 | 14.078 | 15.141 | -0.557 | 2.122 | 3.585 |
Headline inflation | Percentage, 2015 | | 5.186 | 3.872 | 2.045 | 1.633 | 1.697 | 1.760 | 2.683 | 3.014 | 2.848 | 4.444 | 8.309 | 8.736 | 5.643 | 3.261 |
Imports of goods and services, volume, growth (national accounts basis) | Percentage, 2015 | | 4.604 | 0.106 | 10.020 | 13.542 | 14.603 | 11.831 | -0.908 | -9.088 | -20.635 | 19.905 | 19.970 | -1.439 | 1.097 | 2.884 |
Private final consumption expenditure, volume, growth | Percentage, 2015 | | 1.820 | 1.068 | 2.905 | 4.486 | 6.734 | 7.965 | 4.830 | 1.745 | -3.106 | 6.947 | 8.298 | 0.455 | 0.918 | 2.651 |
Prices and deflators | Consumer price index | Index, 2015 | | 0.928 | 0.964 | 0.984 | 1.000 | 1.017 | 1.035 | 1.063 | 1.095 | 1.126 | 1.176 | 1.274 | 1.385 | 1.463 | 1.511 |
Core inflation index | Index, 2015 | | 0.916 | 0.953 | 0.979 | 1.000 | 1.022 | 1.046 | 1.073 | 1.104 | 1.136 | 1.186 | 1.278 | 1.386 | 1.456 | 1.503 |
Exports of goods and services, deflator (national accounts basis) | Index, 2015 | | 1.026 | 0.995 | 0.981 | 1.000 | 0.901 | 0.868 | 0.937 | 1.000 | 1.064 | 1.162 | 1.384 | 1.378 | 1.392 | 1.439 |
Gross domestic product, market prices, deflator | Index, 2015 | | 0.887 | 0.905 | 0.943 | 1.000 | 1.023 | 1.032 | 1.059 | 1.107 | 1.151 | 1.224 | 1.333 | 1.411 | 1.455 | 1.503 |
Imports of goods and services, deflator (national accounts basis) | Index, 2015 | | 1.111 | 1.098 | 1.048 | 1.000 | 0.877 | 0.833 | 0.935 | 1.005 | 1.086 | 1.141 | 1.326 | 1.401 | 1.453 | 1.502 |
Purchasing power parity, national currency per USD | Iceland Krona | | 136.968 | 137.023 | 138.548 | 141.975 | 140.030 | 138.277 | 140.970 | 138.668 | 143.253 | 141.920 | 138.343 | 142.059 | 142.323 | 144.151 |
Labour markets | Labour force | Persons | | 177 000.000 | 181 475.000 | 183 400.000 | 188 825.000 | 194 325.000 | 196 125.000 | 199 375.000 | 202 950.000 | 202 175.000 | 208 400.000 | 217 575.000 | 226 900.000 | 231 930.848 | 234 433.745 |
Total employment (labour force survey basis) | Persons | | 165 275.000 | 170 875.000 | 173 475.000 | 180 325.000 | 187 825.000 | 189 700.000 | 193 150.000 | 194 975.000 | 189 175.000 | 195 925.000 | 209 425.000 | 219 325.000 | 223 477.187 | 225 354.893 |
Unemployment rate | Percentage | | 6.624 | 5.841 | 5.412 | 4.502 | 3.345 | 3.276 | 3.122 | 3.930 | 6.430 | 5.986 | 3.746 | 3.338 | 3.645 | 3.873 |
Monetary data | Long-term interest rate on government bonds | Percentage | | 6.194 | 5.789 | 6.373 | 6.259 | 5.603 | 4.858 | 5.331 | 3.974 | 2.467 | 3.388 | 5.791 | 7.875 | 8.188 | 7.563 |
Short-term interest rate | Percentage | | 5.513 | 6.188 | 6.053 | 5.892 | 6.279 | 5.063 | 4.723 | 4.393 | 2.007 | 1.789 | 5.127 | 9.035 | 9.228 | 7.875 |