External sectors, trade and payments | Current account balance as a percentage of GDP | Percentage | | 1.290 | -4.815 | -10.082 | -15.820 | -22.618 | -13.275 | -20.429 | -8.772 | -5.997 | -4.813 | -3.649 | 6.205 | 4.267 | 5.349 | 7.654 |
Exchange rate, national currency per USD | Iceland Krona | | 91.585 | 76.693 | 70.192 | 62.875 | 69.899 | 64.075 | 87.999 | 123.665 | 122.242 | 116.058 | 125.118 | 122.167 | 116.688 | 131.896 | 120.835 |
Imports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 | | 4 940 009 162.022 | 5 446 628 558.509 | 6 243 039 265.833 | 7 980 294 848.263 | 8 763 960 417.938 | 8 565 633 013.518 | 6 825 721 092.262 | 5 414 884 923.966 | 5 540 432 293.933 | 5 915 722 318.596 | 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 |
Goods and services trade, volume in USD | US Dollar, 2015 | | 4 720 376 228.775 | 4 990 393 478.813 | 5 573 682 480.774 | 6 616 831 267.919 | 6 884 952 760.343 | 7 370 726 520.366 | 6 607 748 530.811 | 6 168 036 038.800 | 6 263 834 385.854 | 6 570 119 972.671 | 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 |
Exports of goods and services, volume in USD (national accounts basis) | US Dollar, 2015 | | 4 500 743 295.528 | 4 534 158 399.118 | 4 904 325 695.715 | 5 253 367 687.576 | 5 005 945 102.747 | 6 175 820 027.214 | 6 389 775 969.360 | 6 921 187 153.634 | 6 987 236 477.775 | 7 224 517 626.746 | 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 |
Government accounts | General government gross financial liabilities as a percentage of GDP | Ratio | | 40.339 | 39.419 | 34.522 | 26.321 | 31.293 | 29.702 | 68.787 | 83.628 | 87.533 | 93.983 | 91.892 | 83.739 | 76.133 | 68.690 | 62.898 |
General government net lending as a percentage of GDP | Percentage | | -2.274 | -2.324 | 0.286 | 5.006 | 6.449 | 5.599 | -12.138 | -8.579 | -6.663 | -6.530 | -2.547 | -1.181 | 0.362 | -0.297 | 12.601 |
Expenditure and GDP | Government final consumption expenditure, volume | Iceland Krona, 2015 | | 463 954 951 324.000 | 472 970 074 392.000 | 484 162 398 866.000 | 507 984 516 828.000 | 534 065 891 275.000 | 555 174 737 100.000 | 585 093 396 009.000 | 567 324 944 654.000 | 547 883 891 658.000 | 547 232 784 815.000 | 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 |
Private final consumption expenditure, volume | Iceland Krona, 2015 | | 888 926 736 456.000 | 941 716 169 356.000 | 1 009 036 457 064.000 | 1 126 733 533 258.000 | 1 170 108 343 800.000 | 1 247 541 662 746.000 | 1 164 007 147 849.000 | 1 018 518 758 893.000 | 1 015 852 734 195.000 | 1 037 630 301 187.000 | 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 |
Gross domestic product, nominal value, market prices | Iceland Krona | | 854 139 931 507.000 | 876 732 707 863.000 | 970 421 488 484.000 | 1 061 428 264 259.000 | 1 225 716 056 171.000 | 1 386 951 246 115.000 | 1 589 625 135 161.000 | 1 626 390 727 206.000 | 1 680 966 938 658.000 | 1 765 008 669 783.000 | 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 |
Gross domestic product, volume, market prices | Iceland Krona, 2015 | | 1 636 416 911 974.000 | 1 671 480 227 135.000 | 1 801 895 791 500.000 | 1 912 251 800 290.000 | 2 033 048 613 676.000 | 2 204 940 030 040.000 | 2 253 658 100 489.000 | 2 080 942 036 252.000 | 2 021 993 631 970.000 | 2 059 315 169 412.000 | 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 |
Gross fixed capital formation, total, volume | Iceland Krona, 2015 | | 341 624 442 664.000 | 373 232 613 529.000 | 471 559 437 417.000 | 614 173 032 143.000 | 760 444 194 747.000 | 676 712 309 502.000 | 551 805 991 882.000 | 289 933 280 509.000 | 265 546 543 604.000 | 294 569 853 630.000 | 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 |
Selected variables: ready-made growth rates | Government final consumption expenditure, volume, growth | Percentage, 2015 | | 5.205 | 1.943 | 2.366 | 4.920 | 5.134 | 3.952 | 5.389 | -3.037 | -3.427 | -0.119 | -1.611 | 0.891 | -0.254 | -0.085 | 0.870 |
Headline inflation | Percentage, 2015 | | 5.197 | 2.056 | 3.158 | 3.987 | 6.687 | 5.052 | 12.694 | 12.003 | 5.397 | 4.001 | 5.186 | 3.872 | 2.045 | 1.633 | 1.697 |
Private final consumption expenditure, volume, growth | Percentage, 2015 | | -0.725 | 5.939 | 7.149 | 11.664 | 3.850 | 6.618 | -6.696 | -12.499 | -0.262 | 2.144 | 1.820 | 1.068 | 2.905 | 4.486 | 6.734 |
Gross domestic product, volume, growth | Percentage, 2015 | | 0.560 | 2.143 | 7.802 | 6.124 | 6.317 | 8.455 | 2.209 | -7.664 | -2.833 | 1.846 | 1.064 | 4.552 | 1.687 | 4.437 | 6.304 |
Gross fixed capital formation, total, volume, growth | Percentage, 2015 | | -12.384 | 9.252 | 26.345 | 30.243 | 23.816 | -11.011 | -18.458 | -47.457 | -8.411 | 10.930 | 5.141 | 2.233 | 16.145 | 21.484 | 17.989 |
Imports of goods and services, volume, growth (national accounts basis) | Percentage, 2015 | | -2.731 | 10.255 | 14.622 | 27.827 | 9.820 | -2.263 | -20.313 | -20.669 | 2.319 | 6.774 | 4.604 | 0.106 | 10.020 | 13.542 | 14.603 |
Core inflation | Percentage, 2015 | | 6.169 | 3.027 | 3.210 | 5.053 | 6.291 | 6.553 | 11.404 | 11.394 | 4.685 | 2.614 | 4.587 | 4.098 | 2.734 | 2.094 | 2.162 |
Gross domestic product, market prices, deflator, growth | Percentage, 2015 | | 5.872 | 0.492 | 2.675 | 3.066 | 8.617 | 4.333 | 12.135 | 10.805 | 6.369 | 3.097 | 3.441 | 2.125 | 4.142 | 6.055 | 2.261 |
Exports of goods and services, volume, growth (national accounts basis) | Percentage, 2015 | | 3.557 | 0.742 | 8.164 | 7.117 | -4.710 | 23.370 | 3.464 | 8.317 | 0.954 | 3.396 | 3.598 | 6.805 | 3.889 | 8.948 | 10.951 |
Prices and deflators | Consumer price index | Index, 2015 | | 0.520 | 0.531 | 0.547 | 0.569 | 0.607 | 0.638 | 0.719 | 0.805 | 0.849 | 0.883 | 0.928 | 0.964 | 0.984 | 1.000 | 1.017 |
Gross domestic product, market prices, deflator | Index, 2015 | | 0.522 | 0.525 | 0.539 | 0.555 | 0.603 | 0.629 | 0.705 | 0.782 | 0.831 | 0.857 | 0.887 | 0.905 | 0.943 | 1.000 | 1.023 |
Imports of goods and services, deflator (national accounts basis) | Index, 2015 | | 0.445 | 0.434 | 0.448 | 0.424 | 0.500 | 0.514 | 0.748 | 0.926 | 0.964 | 1.060 | 1.111 | 1.098 | 1.048 | 1.000 | 0.877 |
Exports of goods and services, deflator (national accounts basis) | Index, 2015 | | 0.511 | 0.478 | 0.486 | 0.465 | 0.564 | 0.559 | 0.760 | 0.868 | 0.944 | 1.010 | 1.026 | 0.995 | 0.981 | 1.000 | 0.901 |
Labour markets | Total employment (labour force survey basis) | Persons | | 153 250.338 | 153 450.000 | 153 400.000 | 158 625.000 | 165 400.000 | 172 450.000 | 173 675.000 | 162 825.000 | 162 275.000 | 163 025.000 | 165 275.000 | 170 875.000 | 173 475.000 | 180 325.000 | 187 825.000 |
Labour force | Persons | | 158 651.497 | 159 025.000 | 158 800.000 | 163 300.000 | 170 850.000 | 176 825.000 | 179 650.000 | 177 025.000 | 176 950.000 | 176 625.000 | 177 000.000 | 181 475.000 | 183 400.000 | 188 825.000 | 194 325.000 |
Unemployment rate | Percentage | | 3.404 | 3.506 | 3.401 | 2.863 | 3.190 | 2.474 | 3.326 | 8.021 | 8.293 | 7.700 | 6.624 | 5.841 | 5.412 | 4.502 | 3.345 |
Monetary data | Long-term interest rate on government bonds | Percentage | | 7.960 | 6.652 | 7.492 | 8.637 | 8.831 | 9.420 | 11.068 | 8.256 | 6.086 | 5.978 | 6.194 | 5.789 | 6.373 | 6.259 | 5.603 |
Short-term interest rate | Percentage | | 8.974 | 5.350 | 6.288 | 9.359 | 12.354 | 14.291 | 15.824 | 11.282 | 6.789 | 4.257 | 5.513 | 6.188 | 6.053 | 5.892 | 6.279 |