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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.
Institute for Economics and Peace (IEP) reveals the most peaceful countries in the world. Despite living in the most peaceful century in human history, the world has become less peaceful over the last decade.
USD 7.2 billion (2016)
International Monetary Fund (IMF), data retrieved January 2017
USD 21.4 billion (2017, estimate)
Intl$ 17.1 billion (2017, estimate)
| 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
USD 63,032.80 (2017, estimate)
| 1980 | 1990 | 2000 | 2010 | 2017* |
| 0.02% | 0.02% | 0.02% | 0.01% | 0.01% |
*Estimate
(2016 estimate)
1.9% (2014)
OECD, data retrieved January 2017
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 3.9% | 2.0% | 1.6% | 1.7% | 3.1% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 5.4% | 5.0% | 4.0% | 3.4% | 3.5% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| 84.8% | 82.5% | 67.6% | 55.1% | 51.8% |
*Estimate
| 2013 | 2014 | 2015 | 2016* | 2017* |
| -1.8% | -0.1% | -0.5% | 14.7% | 0.5% |
*Estimate
Standard & Poor's: A-
Moody's: A3
Standard & Poor's / Moody's (Updated January 2017)
| 2013 | 2014 | 2015 |
| N/A | N/A | N/A |
1.9% (2017 estimate)
53.6% (2014)
0.03% (2015)
0.09% (2015)
Fish and fish products 40%, aluminum, animal products, ferrosilicon, diatomite (2010 estimate)
USD 5.0 billion (2016 estimate)
Machinery and equipment, petroleum products, foodstuffs, textiles
Netherlands 26.1%, UK 11.6%, Spain 11.5%, Germany 7.4%, France 5.7%, US 5.7%, Norway 4.7% (2015)
Norway 10.1%, Germany 8.6%, US 7.9%, China 7.9%, Denmark 7.1%, Netherlands 5.9%, Brazil 5.8%, UK 5% (2015)
| 2013 | 2014 | 2015 |
| USD 397 million | USD 447 million | USD -76 million |
| 2013 | 2014 | 2015 |
| USD 460 million | USD -257 million | USD -599 million |
| 2012 | 2013 | 2014 | 2015 |
| USD -2558.6 million | USD 126.4 million | N/A | N/A |
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: 20 out of 190 countries (2017)
Subcategories:
Starting a business: 34 out of 190 countries
Enforcing Contracts: 32 out of 190 countries
Registering Property: 15 out of 190 countries
Getting Credit: 62 out of 190 countries
Protecting Minority Investors: 22 out of 190 countries
Trading Across Borders: 66 out of 190 countries
Paying Taxes: 29 out of 190 countries
Dealing with Construction Permits: 70 out of 190 countries
Getting Electricity: 9 out of 190 countries
Resolving Insolvency: 14 out of 190 countries
27 out of 138 countries
(2016-2017)
Ranking: 20 / Score: 73.34 (Mostly free) (2016)
(100=totally free 0=totally repressed)
Icelandic, English, Nordic languages, German widely spoken
Evangelical Lutheran Church of Iceland (official) 73.8%, Roman Catholic 3.6%, Reykjavik Free Church 2.9%, Hafnarfjorour Free Church 2%, The Independent Congregation 1%, other religions 3.9% (includes Pentecostal and Asatru Association), none 5.6%, other or unspecified 7.2% (2015 est.)
| 1990 | 2000 | 2010 | 2016* | 2021* |
| 0.256 million | 0.283 million | 0.318 million | 0.336 million | 0.353 million |
*Estimate
| 1960 | 1980 | 2000 | 2015 |
| 80% | 88% | 92% | 94% |
26.9 (2012)
(0=perfect equality, 100=absolute inequality)
Political Rights: 1
Civil Liberties: 1 (2017)
(1 represents the most free, 7 the least free rating)
Fixed 49.94% Mobile 114.01% (2015)
(fixed-telephone subscribers and mobile-cellular subscribers)