External sectors, trade and payments | Current account balance as a percentage of GDP | Percentage |  | -3.579 | 6.252 | 4.403 | 5.626 | 8.097 | 4.221 | 4.106 | 6.515 | 1.851 | -1.604 | -1.112 | 1.307 | 2.244 |
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 | 136.235 | 149.000 | 149.000 |
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 |
Exports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 |  | 7 484 275 355.699 | 7 993 566 082.483 | 8 304 409 043.182 | 9 047 470 527.626 | 10 038 282 939.810 | 10 548 197 269.341 | 10 725 491 509.354 | 10 224 786 316.581 | 7 170 493 184.494 | 8 082 994 257.169 | 9 683 956 994.639 | 10 393 043 259.867 | 10 888 226 665.185 |
Goods and services trade, volume in USD | US Dollar, 2015 |  | 6 837 246 013.352 | 7 095 167 922.736 | 7 561 056 165.201 | 8 394 210 069.428 | 9 454 820 407.012 | 10 234 544 556.059 | 10 367 132 313.285 | 9 690 235 889.666 | 7 177 028 602.007 | 8 363 996 019.704 | 9 929 874 841.354 | 10 471 633 191.944 | 10 868 416 399.228 |
Imports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 |  | 6 190 216 671.005 | 6 196 769 762.989 | 6 817 703 287.219 | 7 740 949 611.231 | 8 871 357 874.214 | 9 920 891 842.776 | 10 008 773 117.215 | 9 155 685 462.751 | 7 183 564 019.521 | 8 644 997 782.240 | 10 175 792 688.070 | 10 550 223 124.021 | 10 848 606 133.271 |
Government accounts | General government gross financial liabilities as a percentage of GDP | Ratio |  | 91.892 | 83.739 | 76.133 | 68.690 | 62.898 | 61.490 | 60.055 | 61.196 | 70.255 | 76.631 | 78.292 | 79.702 | 80.760 |
General government net lending as a percentage of GDP | Percentage |  | -2.547 | -1.181 | 0.362 | -0.297 | 12.601 | 1.019 | 0.973 | -1.472 | -8.835 | -7.846 | -4.139 | -2.654 | -2.217 |
General government primary balance as a percentage of GDP | Percentage |  | 0.398 | 1.944 | 3.841 | 3.308 | 15.513 | 4.014 | 3.136 | 0.507 | -6.618 | -6.177 | -2.285 | -0.415 | 0.291 |
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 | 0.002 | -0.006 | 0.009 | -0.001 | -0.003 | -0.001 | 0.000 |
Exports of goods and services, volume (national accounts basis) | Iceland Krona, 2015 |  | 987 367 255 722.000 | 1 054 555 722 657.000 | 1 095 563 855 907.000 | 1 193 592 662 152.000 | 1 324 306 149 545.000 | 1 391 576 885 625.000 | 1 414 966 528 429.000 | 1 348 910 712 920.000 | 945 971 365 465.000 | 1 066 353 585 139.000 | 1 277 561 498 996.030 | 1 371 108 105 246.360 | 1 436 435 455 824.880 |
Government final consumption expenditure, volume | Iceland Krona, 2015 |  | 538 415 951 524.000 | 543 211 003 114.000 | 541 828 809 838.000 | 541 370 505 622.000 | 546 081 679 778.000 | 562 039 947 409.000 | 588 728 298 368.000 | 611 691 360 129.000 | 640 712 106 016.000 | 654 790 757 412.000 | 664 522 996 359.872 | 671 281 110 583.056 | 678 002 313 446.222 |
Gross capital formation, total, volume | Iceland Krona, 2015 |  | 315 084 621 330.000 | 327 424 756 328.000 | 375 355 885 532.000 | 448 388 323 588.000 | 530 362 183 054.000 | 590 952 984 524.000 | 613 933 918 928.000 | 583 154 371 747.000 | 550 199 585 915.000 | 615 020 580 719.000 | 626 429 151 836.391 | 618 786 692 631.130 | 624 028 845 138.064 |
Gross domestic product, nominal value, market prices | Iceland Krona |  | 1 845 159 750 199.000 | 1 970 145 725 194.000 | 2 086 359 607 696.000 | 2 310 847 786 763.000 | 2 512 054 819 190.000 | 2 641 959 404 964.000 | 2 844 409 659 324.000 | 3 043 848 282 261.000 | 2 937 929 995 798.000 | 3 251 222 033 749.000 | 3 671 947 819 723.830 | 3 879 033 504 497.710 | 4 069 959 479 902.480 |
Gross domestic product, volume in USD, at constant purchasing power parities | US Dollar, 2015 |  | 14 668 251 077.079 | 15 336 017 386.452 | 15 594 768 975.414 | 16 286 656 434.132 | 17 313 316 298.838 | 18 039 601 054.927 | 18 921 520 758.977 | 19 378 561 780.226 | 18 052 623 220.899 | 18 847 488 305.843 | 20 047 547 649.015 | 20 555 591 690.199 | 21 033 064 171.046 |
Gross domestic product, volume in USD, constant exchange rates | US Dollar, 2015 |  | 15 792 111 004.939 | 16 511 040 591.538 | 16 789 617 348.517 | 17 534 516 211.617 | 18 639 837 252.453 | 19 421 768 883.503 | 20 371 259 984.427 | 20 863 318 819.761 | 19 435 788 788.772 | 20 291 555 273.094 | 21 583 561 406.633 | 22 130 531 038.638 | 22 644 586 762.099 |
Gross domestic product, volume, market prices | Iceland Krona, 2015 |  | 2 081 218 798 606.000 | 2 175 965 458 507.000 | 2 212 678 674 574.000 | 2 310 847 786 763.000 | 2 456 516 401 172.000 | 2 559 566 006 716.000 | 2 684 698 025 338.000 | 2 749 545 726 687.000 | 2 561 413 669 159.000 | 2 674 193 860 093.000 | 2 844 465 424 939.240 | 2 916 549 738 432.110 | 2 984 296 376 919.170 |
Gross fixed capital formation, total, volume | Iceland Krona, 2015 |  | 309 714 640 320.000 | 316 629 930 253.000 | 367 749 428 409.000 | 446 756 775 661.000 | 527 123 376 981.000 | 582 817 120 124.000 | 600 876 392 431.000 | 586 595 451 417.000 | 529 005 315 959.000 | 594 056 671 570.000 | 612 734 412 803.770 | 607 367 015 591.969 | 612 316 708 137.415 |
Imports of goods and services, volume (national accounts basis) | Iceland Krona, 2015 |  | 816 160 930 890.000 | 817 024 935 809.000 | 898 893 101 350.000 | 1 020 620 274 936.000 | 1 169 661 109 730.000 | 1 308 038 918 829.000 | 1 319 625 793 177.000 | 1 207 148 823 274.000 | 947 130 707 838.000 | 1 139 816 231 400.000 | 1 341 646 807 249.840 | 1 391 014 302 670.570 | 1 430 355 179 983.030 |
Net exports, contributions to changes in real GDP | Percentage, 2015 |  | -0.002 | 0.037 | -0.025 | -0.015 | -0.008 | -0.024 | 0.004 | 0.015 | -0.047 | -0.027 | 0.005 | 0.018 | 0.011 |
Private final consumption expenditure, volume | Iceland Krona, 2015 |  | 1 056 511 900 920.000 | 1 067 798 912 217.000 | 1 098 823 224 647.000 | 1 148 116 570 337.000 | 1 225 427 498 525.000 | 1 323 035 107 987.000 | 1 386 695 072 790.000 | 1 412 938 105 165.000 | 1 371 661 319 601.000 | 1 477 845 168 223.000 | 1 615 653 494 546.280 | 1 637 350 389 200.750 | 1 662 876 850 170.930 |
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 | 7.895 | 5.424 | 2.905 |
Exports of goods and services, volume, growth (national accounts basis) | Percentage, 2015 |  | 3.598 | 6.805 | 3.889 | 8.948 | 10.951 | 5.080 | 1.681 | -4.668 | -29.871 | 12.726 | 19.807 | 7.322 | 4.765 |
Government final consumption expenditure, volume, growth | Percentage, 2015 |  | -1.611 | 0.891 | -0.254 | -0.085 | 0.870 | 2.922 | 4.748 | 3.900 | 4.744 | 2.197 | 1.486 | 1.017 | 1.001 |
Gross domestic product, market prices, deflator, growth | Percentage, 2015 |  | 3.441 | 2.125 | 4.142 | 6.055 | 2.261 | 0.937 | 2.645 | 4.488 | 3.610 | 5.997 | 6.180 | 3.029 | 2.540 |
Gross domestic product, nominal value, growth | Percentage |  | 4.541 | 6.774 | 5.899 | 10.760 | 8.707 | 5.171 | 7.663 | 7.012 | -3.480 | 10.664 | 12.941 | 5.640 | 4.922 |
Gross domestic product, volume, growth | Percentage, 2015 |  | 1.064 | 4.552 | 1.687 | 4.437 | 6.304 | 4.195 | 4.889 | 2.415 | -6.842 | 4.403 | 6.367 | 2.534 | 2.323 |
Gross fixed capital formation, total, volume, growth | Percentage, 2015 |  | 5.141 | 2.233 | 16.145 | 21.484 | 17.989 | 10.566 | 3.099 | -2.377 | -9.818 | 12.297 | 3.144 | -0.876 | 0.815 |
Headline inflation | Percentage, 2015 |  | 5.186 | 3.872 | 2.045 | 1.633 | 1.697 | 1.760 | 2.683 | 3.014 | 2.848 | 4.444 | 8.344 | 5.452 | 2.908 |
Imports of goods and services, volume, growth (national accounts basis) | Percentage, 2015 |  | 4.604 | 0.106 | 10.020 | 13.542 | 14.603 | 11.831 | 0.886 | -8.523 | -21.540 | 20.344 | 17.707 | 3.680 | 2.828 |
Private final consumption expenditure, volume, growth | Percentage, 2015 |  | 1.820 | 1.068 | 2.905 | 4.486 | 6.734 | 7.965 | 4.812 | 1.892 | -2.921 | 7.741 | 9.325 | 1.343 | 1.559 |
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 | 1.343 | 1.383 |
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 | 1.280 | 1.349 | 1.388 |
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 | 1.001 | 1.070 | 1.165 | 1.412 | 1.510 | 1.542 |
Gross domestic product, market prices, deflator | Index, 2015 |  | 0.887 | 0.905 | 0.943 | 1.000 | 1.023 | 1.032 | 1.059 | 1.107 | 1.147 | 1.216 | 1.291 | 1.330 | 1.364 |
Imports of goods and services, deflator (national accounts basis) | Index, 2015 |  | 1.111 | 1.098 | 1.048 | 1.000 | 0.877 | 0.833 | 0.934 | 1.005 | 1.086 | 1.140 | 1.339 | 1.441 | 1.472 |
Purchasing power parity, national currency per USD | Iceland Krona |  | 136.968 | 137.023 | 138.548 | 141.975 | 140.030 | 138.277 | 140.970 | 145.011 | 149.685 | 150.642 | 148.310 | 146.123 | 146.123 |
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 | 216 087.556 | 218 258.917 | 220 806.972 |
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 | 207 489.441 | 208 744.671 | 210 944.920 |
Unemployment rate | Percentage |  | 6.624 | 5.841 | 5.412 | 4.502 | 3.345 | 3.276 | 3.122 | 3.930 | 6.430 | 5.986 | 3.979 | 4.359 | 4.466 |
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 | 5.853 | 7.188 | 6.625 |
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 | 5.063 | 6.691 | 6.125 |