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Browse additional economic indicators and data sets, selected by Global Finance editors, to learn more about Iceland economic outlook, debt to GDP ratio, international trade performance and population trends. Rankings of Iceland best banks and safest banks are also available.
Global Finance editor Andrea Fiano interviews Ásgeir Jónsson, Central Bank Governor of Iceland during Global Finance's World's Best Bank Awards at the National Press Club in Washington, DC on October 15th.
USD 6.3 billion (2018)
International Monetary Fund (IMF), data retrieved October 2019
2007 | 2008 | 2009 | 2010 | 2011 | 2012 | 2013 |
9.4% | 2% | -6.8% | -3.4% | 1.9% | 1.3% | 4.1% |
2014 | 2015 | 2016 | 2017 | 2018* | ||
2.1% | 4.7% | 6.6% | 4.6% | 4.6% |
*Estimate
1980 | 1990 | 2000 | 2010 | 2019* |
0.02% | 0.02% | 0.02% | 0.01% | 0.01% |
*Estimate
(2017 estimate)
2.1% (2017)
OECD, data retrieved October 2019
2015 | 2016 | 2017 | 2018* | 2019* |
1.6% | 1.7% | 1.8% | 2.7% | 2.8% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
4% | 3% | 2.8% | 2.7% | 3.3% |
*Estimate
2013 | 2014 | 2015 | 2016* | 2017* |
84.8% | 82.5% | 67.6% | 55.1% | 51.8% |
*Estimate
2015 | 2016 | 2017 | 2018* | 2019* |
-0.8% | 12.4% | 0.5% | 1.1% | -0.7% |
*Estimate
Standard & Poor's: A
Moody's: A3
Standard & Poor's / Moody's
2017 | 2018 | 2019 |
N/A | N/A | N/A |
47.2% (2018)
0.03% (2018)
0.11% (2018)
Fish and fish products (42%), aluminum (38%), agricultural products, medicinal and medical products, ferro-silicon (2015)
USD 11.4 billion (2018 estimate)
Machinery and equipment, petroleum products, foodstuffs, textiles
Netherlands 25.5%, Spain 13.6%, UK 9.4%, Germany 7.6%, US 7%, France 6.3%, Norway 4.9%
Germany 10.7%, Norway 9.2%, China 7%, Netherlands 6.7%, US 6.4%, Denmark 6.2%, UK 5.7%, Sweden 4.1%
2016 | 2017 | 2018 |
USD -427 million | USD -41 million | USD -336 million |
2016 | 2017 | 2018 |
USD -1,147 million | USD -208 million | USD 138 million |
2015 | 2016 | 2017 | 2018 |
N/A | USD 223.7 million | USD -87.6 million | USD 0.5 million |
N/A
N/A
Economies are ranked on their ease of doing business. A high ease of doing business ranking means the regulatory environment is more conducive to the starting and operation of a local firm.
Overall ranking: 26 out of 190 countries
Starting a Business: 64 out of 190 countries
Dealing with Construction Permits: 72 out of 190 countries
Getting Electricity: 16 out of 190 countries
Registering Property: 16 out of 190 countries
Getting Credit: 94 out of 190 countries
Protecting Minority Investors: 28 out of 190 countries
Paying Taxes: 42 out of 190 countries
Trading across Borders: 53 out of 190 countries
Enforcing Contracts: 33 out of 190 countries
Resolving Insolvency: 12 out of 190 countries
World Bank - Doing Business 2019
26 out of 141 countries
(2019)
Ranking: 11 / Score: 77.1 (Mostly free) (2019)
(100=totally free 0=totally repressed)
Evangelical Lutheran Church of Iceland (official) 67.2%, Roman Catholic 3.9%, Reykjavik Free Church 2.8%, Hafnarfjordur Free Church 2%, Asatru Association 1.2%, The Independent Congregation .9%, other religions 4% (includes Zuist and Pentecostal), none 6.
1990 | 2000 | 2010 | 2015 | 2020* |
0.25 million | 0.28 million | 0.32 million | 0.33 million | 0.36 million |
*Estimate
1960 | 1980 | 2000 | 2018 |
80.3% | 88.3% | 92.4% | 93.8% |
0% (last available estimate, 2014)
27.8 (last available estimate, 2014)
(0=perfect equality, 100=absolute inequality)
Political Rights: 1
Civil Liberties: 1 (2019)
(1 represents the most free, 7 the least free rating)
Fixed: 40.6% Mobile: 126.1% (2018)
(fixed-telephone subscribers and mobile-cellular subscribers)