Source
Central bank

Central Bank of Iceland

International Reserves

USD 7.2 billion (2016)

International Monetary Fund (IMF), data retrieved January 2017

Gross Domestic Product - GDP

USD 21.4 billion (2017, estimate)

GDP (Purchasing Power Parity)

Intl$ 17.1 billion (2017, estimate)

Real GDP growth
2006 2007 2008 2009 2010 2011 2012
4.2% 9.5% 1.5% -4.7% -3.6% 2% 1.3%
2013 2014 2015 2016* 2017*    
4.4% 2% 4% 5% 3.8%    

*Estimate

GDP per capita - current prices

USD 63,032.80 (2017, estimate)

GDP per capita - PPP

Intl$ 50,424.9 (2017, estimate)

GDP (PPP) - share of world total
1980 1990 2000 2010 2017*
0.02% 0.02% 0.02% 0.01% 0.01%

*Estimate

 
 
Source
GDP - composition by sector
  • agriculture: 5.9% 
  • industry: 20.4% 
  • services: 73.7%

(2016 estimate)

Gross domestic expenditure on R&D; (% of GDP)

1.9% (2014)

OECD, data retrieved January 2017

 

Inflation
2013 2014 2015 2016* 2017*
3.9% 2.0% 1.6% 1.7% 3.1%

*Estimate

Unemployment rate
2013 2014 2015 2016* 2017*
5.4% 5.0% 4.0% 3.4% 3.5%

*Estimate

Household saving rates

N/A

 

Public debt (General government gross debt as a % of GDP)
2013 2014 2015 2016* 2017*
84.8% 82.5% 67.6% 55.1% 51.8%

*Estimate

Public deficit (General government net lending/borrowing as a % of GDP)
2013 2014 2015 2016* 2017*
-1.8% -0.1% -0.5% 14.7% 0.5%

*Estimate

Government bond ratings

Standard & Poor's: A-

Moody's rating: A3

Standard & Poor's / Moody's (Updated January 2017)

Market value of publicly traded shares
2013 2014 2015
N/A N/A N/A
Largest companies in Iceland

N/A

 
 
Source
Current account balance

US$ 129 million (2014 estimate)

Current account balance by percentage of GDP

0.812% of GDP (2014 estimate)

Exports as percent of GDP(Exports of goods and services)

57.5% (2013)

(Data released on Oct 2014)

Shares in world total merchandising export

0.03% (2012)

(Data were released in March 2014)

Shares in world total commercial services export

0.07% (2012)

(Data were released in 2014)

Total exports

US$5.2 billion (2013 estimate) 

Export commodities

fish and fish products 40%, aluminum, animal products, ferrosilicon, diatomite

Total imports

US$4.526 billion (2013 estimate) 

 
 
Source
Import commodities

machinery and equipment, petroleum products, foodstuffs, textiles

Exports - major partners

Netherlands 30%, Germany 12.9%, UK 9.8%, Norway 5.1%, US 4.5%, France 4.4% (2012)

Imports - major partners

Norway 16.6%, US 10.2%, Germany 9.2%, China 7.2%, Brazil 6.7%, Netherlands 6%, Denmark 5.7%, UK 4.6% (2012)

FDI inflows
2011 2012 2013
US$ 1,108 million US$ 1,025 million US$ 348 million
FDI outflows
2011 2012 2013  
US$ 23 million US$ -3,206 million US$ 395 million  
Value of cross-border M&A;, by country of purchaser
2010 2011 2012 2013
US$ -221 million US$ -437 million US$ -2,559 million US$ 126 million
Cross-border M&A; deals worth over $3 billion completed in 2012(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Cross-border M&A; deals worth over $3 billion completed in 2013(Acquiring company, Acquired company, Country of the acquired company, Value of the deal)

N/A

(for a monthly update on M&A; click here )

Best countries for doing business World Bank/IFC Doing Business Project

Economies are ranked on their ease of doing business, from 1 - 189. A high ranking means the regulatory environment is more conducive to the starting and operation of a local firm.

Overall ranking: 13 out of 189 countries (2013)

Subcategories:

Starting a business: 52 out of 189 countries

Enforcing Contracts: 3 out of 189 countries

Registering Property: 12 out of 189 countries

Getting credit: 42 out of 189 countries

Protecting investors: 52 out of 189 countries

Trading across border: 50 out of 189 countries

Paying Taxes: 37 out of 189 countries

Dealing with Construction Permits: 41 out of 189 countries

Getting Electricity: 1 out of 189 countries

Resolving Insolvency: 11 out of 189 countries

(2013)

Global competitiveness ranking(ranking by country on a basis of 144, the first is the best)

30

(2014-2015)

 

 

Index of Economic FreedomWSJ and Heritage Foundation

Ranking: 23 Score: 72.4 (Mostly Free) (2014)

(100=totally free 0=totally repressed )

 
 
Source
Time zone

UTC 0

Total area

103,000 sq km (2014)

Capital

Reykjavik (2014)

Currency

Icelandic kronur (ISK) (2014)

Government type

constitutional republic (2014)

Languages

Icelandic, English, Nordic languages, German widely spoken

Religions

Evangelical Lutheran Church of Iceland (official) 76.2%, Roman Catholic 3.4%, Reykjavik Free Church 2.9%, Hafnarfjorour Free Church 1.9%, The Independent Congregation 1%, other religions 3.6% (includes Pentecostal and Asatru Association), none 5.2%, other or unspecified 5.9% (2013 est.)

Total population
1990 2000 2010 2014* 2019**
0.254 million 0.279 million 0.318 million 0.323 million 0.33 million

*Estimate    **Forecast

 
 
Source
Urban population as % of total population
1960 1980 2000 2013
80.3% 88% 92% 94%
Population median age

36.4 years (2014 est.)

Population growth rate

0.65% (2014 estimate)

Life expectancy

81.22 years (2014 estimate)

Adult literacy

99% (2003 estimate)

% of population living on less than $2 a day

0.0% (2010)

Inequality of wealth distribution (Gini index)

26.3 (2010)

(0=perfect equality, 100=absolute inequality)

Freedom House rating

Political Rights: 1
Civil Liberties: 1 (2014)

(1 represents the most free, 7 the least free)

Total telephone subscribers as % of population

Fixed 51.0%   Mobile 108.1%
(2013)

(fixed-telephone subscribers and mobile-cellular subscribers)

Internet users as % of total population

96.55% (2013)
 

Cost of living - Mercer index(ranking by city on a basis of 214; the 1st is the most expensive and the 214th is the least expensive)

N/A

CO2 emissions(Metric tons of CO2 per capita)

6.2 (2010)
 

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