External sectors, trade and payments | Current account balance as a percentage of GDP | Percentage |  | -3.649 | 6.205 | 4.267 | 5.349 | 7.654 | 4.263 | 4.124 | 6.485 | 1.363 | -3.319 | -2.276 | 1.627 | 1.329 | 1.563 |
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 | 138.448 | 142.000 | 142.000 |
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 | 6 915 315 512.158 | 7 924 155 693.720 | 9 693 928 855.896 | 10 273 707 844.388 | 10 554 100 018.287 | 10 865 958 316.719 |
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 | 7 002 989 500.073 | 8 213 103 383.981 | 9 945 719 789.978 | 10 138 673 258.820 | 10 457 020 536.378 | 10 736 944 951.605 |
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 | 7 090 663 487.988 | 8 502 051 074.241 | 10 197 510 724.061 | 10 003 638 673.253 | 10 359 941 054.469 | 10 607 931 586.490 |
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 | 70.324 | 77.252 | 78.083 | 77.376 | 77.356 | 76.291 |
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 | -8.856 | -8.483 | -4.033 | -1.731 | -1.152 | -0.104 |
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 | -6.734 | -6.230 | -0.828 | 1.616 | 2.288 | 3.115 |
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 | 0.000 | 0.000 | 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 | 912 283 952 745.000 | 1 045 372 415 145.000 | 1 278 844 865 247.000 | 1 355 330 611 473.580 | 1 392 320 576 757.670 | 1 433 461 623 856.720 |
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 | 643 440 111 840.000 | 658 274 688 364.000 | 672 888 340 093.000 | 682 576 502 349.976 | 692 424 957 765.210 | 702 696 764 318.979 |
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 | 553 073 786 771.001 | 608 703 186 449.000 | 652 307 407 113.000 | 645 435 783 831.737 | 672 300 989 058.247 | 690 999 596 538.150 |
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 | 2 920 473 195 415.990 | 3 250 399 268 378.000 | 3 796 566 847 741.000 | 4 244 923 695 469.740 | 4 479 399 253 636.920 | 4 726 519 844 675.370 |
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 | 17 873 946 127.806 | 18 679 656 254.174 | 20 031 706 466.108 | 21 020 411 856.147 | 21 436 072 310.793 | 21 931 473 793.174 |
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 | 19 243 421 718.334 | 20 110 864 175.279 | 21 566 506 495.479 | 22 630 965 045.352 | 23 078 472 795.638 | 23 611 831 214.488 |
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 | 2 537 349 678 046.000 | 2 651 726 677 681.000 | 2 843 661 024 211.000 | 2 984 015 665 830.760 | 3 043 021 993 433.580 | 3 113 348 198 001.600 |
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 | 529 559 116 265.000 | 586 565 306 579.999 | 630 961 244 673.999 | 623 379 154 120.112 | 649 380 417 374.257 | 667 601 653 443.271 |
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 | 935 207 120 863.000 | 1 121 358 913 738.000 | 1 344 977 752 840.000 | 1 319 407 434 525.060 | 1 366 401 136 124.080 | 1 399 109 289 859.770 |
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 | -0.055 | -0.021 | 0.005 | 0.037 | -0.003 | 0.003 |
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 | 1 363 758 947 553.000 | 1 460 735 301 461.000 | 1 584 598 164 598.000 | 1 619 966 650 454.510 | 1 652 613 220 237.710 | 1 685 907 513 537.000 |
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 | 8.328 | 4.047 | 2.904 |
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 | -31.029 | 14.588 | 22.334 | 5.981 | 2.729 | 2.955 |
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 | 2.306 | 2.220 | 1.440 | 1.443 | 1.483 |
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 | 4.015 | 6.496 | 8.919 | 6.551 | 3.477 | 3.133 |
Gross domestic product, nominal value, growth | Percentage |  | 4.541 | 6.774 | 5.899 | 10.760 | 8.707 | 5.171 | 7.649 | 6.401 | -3.491 | 11.297 | 16.803 | 11.810 | 5.524 | 5.517 |
Gross domestic product, volume, growth | Percentage, 2015 |  | 1.064 | 4.552 | 1.687 | 4.437 | 6.304 | 4.195 | 4.889 | 1.861 | -7.216 | 4.508 | 7.238 | 4.936 | 1.977 | 2.311 |
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 | 10.765 | 7.569 | -1.202 | 4.171 | 2.806 |
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 | 8.633 | 4.199 | 2.907 |
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 | 19.942 | -1.901 | 3.562 | 2.394 |
Private final consumption expenditure, volume, growth | Percentage, 2015 |  | 1.820 | 1.068 | 2.905 | 4.486 | 6.734 | 7.965 | 4.830 | 1.745 | -3.358 | 7.111 | 8.479 | 2.232 | 2.015 | 2.015 |
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 | 1.384 | 1.442 | 1.484 |
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 | 1.385 | 1.441 | 1.483 |
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 | 1.161 | 1.383 | 1.418 | 1.468 | 1.518 |
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 | 1.226 | 1.335 | 1.423 | 1.472 | 1.518 |
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 | 1.424 | 1.465 | 1.515 |
Purchasing power parity, national currency per USD | Iceland Krona |  | 136.968 | 137.023 | 138.548 | 141.975 | 140.030 | 138.277 | 140.970 | 140.697 | 146.668 | 149.680 | 142.764 | 144.478 | 146.698 | 148.085 |
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 | 226 511.264 | 231 011.329 | 233 970.335 |
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 | 218 599.263 | 221 227.600 | 223 448.186 |
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 | 3.493 | 4.235 | 4.497 |
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 | 8.772 | 8.928 | 7.875 |