With COVID-19 extraordinary uncertainty, this Economic Outlook presents two possible scenarios, Please check the other forecast scenario: Single-hit

CountryInformation on item
FrequencyAnnual
Time2012201320142015201620172018201920202021
VariableUnit
External sectors, trade and paymentsCurrent account balance as a percentage of GDPInformation on itemPercentageInformation on item-3.8195.7693.9275.1447.5573.7653.0735.9000.656-0.282
Exchange rate, national currency per USDInformation on itemIceland KronaInformation on item125.118122.167116.688131.896120.835106.823108.269122.636141.250146.000
Exchange rate, USD per national currencyInformation on itemUS DollarInformation on item0.0080.0080.0090.0080.0080.0090.0090.0080.0070.007
Exports of goods and services, volume in USD (national accounts basis)Information on itemUS Dollar, 2015Information on item7 499 066 148.1768 002 399 137.0158 255 637 991.2579 008 051 130.2099 993 054 316.10110 536 515 151.92310 711 757 793.53110 171 334 180.9097 048 179 764.2628 014 102 076.235
Goods and services trade, volume in USDInformation on itemUS Dollar, 2015Information on item6 855 376 633.7877 111 196 516.2047 542 018 976.7198 388 885 620.9079 444 362 070.83510 262 615 021.43910 391 546 988.3059 623 251 255.6887 146 968 562.7748 315 625 912.965
Imports of goods and services, volume in USD (national accounts basis)Information on itemUS Dollar, 2015Information on item6 211 687 119.3996 219 993 895.3926 828 399 962.1827 769 720 111.6048 895 669 825.5699 988 714 890.95410 071 336 183.0799 075 168 330.4677 245 757 361.2868 617 149 749.695
Government accountsGeneral government gross financial liabilities as a percentage of GDPInformation on itemRatioInformation on item92.06384.21877.04870.07064.38963.37162.05962.64973.14778.505
General government net lending as a percentage of GDPInformation on itemPercentageInformation on item-3.609-1.776-0.072-0.79212.4290.5840.818-0.995-9.792-6.346
General government primary balance as a percentage of GDPInformation on itemPercentageInformation on item-0.4261.5583.4542.84715.4653.6873.0100.879-7.470-4.128
Expenditure and GDPChange in inventories, contributions to changes in real GDPInformation on itemPercentage, 2005Information on item-0.1110.550-0.863-0.977-0.617-0.4970.3910.0770.2290.061
Exports of goods and services, volume (national accounts basis)Information on itemIceland Krona, 2005Information on item457 995 122 265.000488 735 490 360.000504 201 704 115.000550 154 298 846.000610 312 009 905.000643 503 130 910.000654 205 833 551.000621 200 206 764.000430 457 858 231.368489 450 231 232.111
Government final consumption expenditure, volumeInformation on itemIceland Krona, 2005Information on item271 397 501 550.000273 349 983 256.000277 003 760 758.000279 929 112 541.000285 351 281 034.000296 042 001 648.000307 577 562 440.000320 116 423 385.000348 146 998 748.182339 062 688 265.909
Gross capital formation, total, volumeInformation on itemIceland Krona, 2005Information on item188 489 787 410.000199 001 637 466.000219 983 833 804.000254 256 723 590.000291 094 693 400.000315 648 799 322.000317 807 354 796.000299 191 810 324.000247 519 455 559.404292 289 208 873.146
Gross domestic product, nominal value, market pricesInformation on itemIceland KronaInformation on item1 841 728 745 546.0001 958 961 083 366.0002 073 560 486 401.0002 293 947 829 542.0002 490 936 383 464.0002 616 306 300 876.0002 787 386 003 080.0002 965 617 019 432.0002 705 103 298 777.0602 863 741 723 793.840
Gross domestic product, volume in USD, at constant purchasing power paritiesInformation on itemUS Dollar, 2015Information on item14 516 439 297.81515 116 527 283.67415 431 347 580.53816 164 179 961.26517 235 386 089.69118 018 903 793.33118 706 220 999.50619 065 132 937.39616 933 098 203.10017 434 087 283.926
Gross domestic product, volume in USD, constant exchange ratesInformation on itemUS Dollar, 2015Information on item15 624 475 454.27916 270 368 005.00116 609 218 455.85417 397 987 747.68018 550 958 770.16719 394 282 182.84220 134 062 138.30220 520 369 734.04018 225 597 325.30618 764 826 776.526
Gross domestic product, volume, market pricesInformation on itemIceland Krona, 2005Information on item1 154 883 681 294.0001 202 624 853 078.0001 227 670 996 690.0001 285 972 908 079.0001 371 194 803 865.0001 433 529 085 115.0001 488 209 947 894.0001 516 763 888 126.0001 347 145 700 630.0201 387 002 865 467.900
Gross fixed capital formation, total, volumeInformation on itemIceland Krona, 2005Information on item158 876 148 111.000162 320 936 135.000188 109 361 319.000228 268 720 422.000268 861 506 329.000297 993 368 135.000294 731 867 194.000276 101 208 896.000225 512 850 307.116264 382 472 527.480
Imports of goods and services, volume (national accounts basis)Information on itemIceland Krona, 2005Information on item345 935 755 458.000346 398 369 040.000380 281 178 701.000432 704 343 416.000495 409 733 662.000556 282 627 479.000560 883 899 011.000505 406 204 782.000403 524 275 846.745479 898 641 263.831
Net exports, contributions to changes in real GDPInformation on itemPercentage, 2005Information on item-0.1963.627-2.788-1.573-0.809-2.4950.4202.004-5.732-1.912
Private final consumption expenditure, volumeInformation on itemIceland Krona, 2005Information on item582 937 025 527.000587 936 111 036.000606 762 876 714.000634 337 116 518.000679 846 553 188.000734 617 780 714.000769 503 096 118.000781 661 652 435.000718 976 022 623.000750 000 000 000.000
Selected variables: ready-made growth ratesCore inflationInformation on itemPercentage, 2005Information on item4.5874.0982.7342.0942.1622.4262.5272.9331.9121.786
Exports of goods and services, volume, growth (national accounts basis)Information on itemPercentage, 2005Information on item3.5986.7123.1659.11410.9355.4381.663-5.045-30.70513.705
Government final consumption expenditure, volume, growthInformation on itemPercentage, 2005Information on item-1.7740.7191.3371.0561.9373.7473.8974.0778.756-2.609
Gross domestic product, market prices, deflator, growthInformation on itemPercentage, 2005Information on item3.4402.1433.6915.6131.8380.4662.6244.3912.7002.822
Gross domestic product, nominal value, growthInformation on itemPercentageInformation on item4.7816.3655.85010.6288.5875.0336.5396.394-8.7845.864
Gross domestic product, volume, growthInformation on itemPercentage, 2005Information on item1.2964.1342.0834.7496.6274.5463.8141.919-11.1832.959
Gross fixed capital formation, total, volume, growthInformation on itemPercentage, 2005Information on item5.1562.16815.88721.34917.78310.835-1.094-6.321-18.32217.236
Headline inflationInformation on itemPercentage, 2005Information on item5.1863.8722.0451.6331.6971.7602.6833.0141.8811.744
Imports of goods and services, volume, growth (national accounts basis)Information on itemPercentage, 2005Information on item4.6040.1349.78113.78514.49212.2870.827-9.891-20.15818.927
Private final consumption expenditure, volume, growthInformation on itemPercentage, 2005Information on item1.9300.8583.2024.5447.1748.0564.7491.580-8.0204.315
Prices and deflatorsConsumer price indexInformation on itemIndex, 2005Information on item1.6311.6941.7291.7571.7871.8181.8671.9231.9601.994
Core inflation indexInformation on itemIndex, 2005Information on item1.5791.6441.6891.7241.7611.8041.8501.9041.9401.975
Exports of goods and services, deflator (national accounts basis)Information on itemIndex, 2005Information on item2.2122.1442.1192.1601.9441.8752.0252.1642.2062.216
Gross domestic product, market prices, deflatorInformation on itemIndex, 2005Information on item1.5951.6291.6891.7841.8171.8251.8731.9552.0082.065
Imports of goods and services, deflator (national accounts basis)Information on itemIndex, 2005Information on item2.6222.5912.4792.3682.0811.9742.2122.3822.3812.346
Purchasing power parity, national currency per USDInformation on itemIceland KronaInformation on item136.968137.023138.548141.937140.044137.122136.859140.656142.484142.484
Labour marketsLabour forceInformation on itemPersonsInformation on item179 975.000184 950.000186 975.000191 350.000196 475.000199 450.000204 000.000208 450.000209 886.315211 623.039
Total employment (labour force survey basis)Information on itemPersonsInformation on item169 125.000175 000.000177 750.000183 725.000190 600.000193 950.000198 425.000201 100.000193 444.374195 294.534
Unemployment rateInformation on itemPercentageInformation on item6.0295.3804.9343.9852.9902.7582.7333.5267.8347.716
Monetary dataLong-term interest rate on government bondsInformation on itemPercentageInformation on item6.1945.7896.3736.2595.6034.8585.3313.9741.5551.293
Short-term interest rateInformation on itemPercentageInformation on item5.5136.1886.0535.8926.2795.0634.7234.3931.4231.173
Data extracted on 22 Sep 2020 11:20 UTC (GMT) from OECD.Stat

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