Friday December 15 2017
Iceland Three Month Interbank Rate at 4.40 percent


Iceland Three Month Interbank Rate was quoted at 4.40 percent on Thursday December 14.





Wednesday December 13 2017
Iceland Interest Rate at 4.25 percent


The Central Bank of Iceland left its seven-day term deposits rate steady at 4.25 percent on December 13th, 2017, unchanged from previous meeting as it awaited the 2018 budget from the new government. Policymakers said most recent indicators suggest stronger growth in 2017 than previously expected. GDP growth in the first nine months of the year measured 4.3%, more than previous figures had indicated. Although export growth continues to ease, domestic demand is growing faster than previously estimated, owing in part to more fiscal slack in 2017. House price inflation continues to slow, which would contribute to lower headline inflation, but it will be offset by the waning effects of past appreciation of the exchange rate. Yet, the outlook is for inflation remain in line with the target of 2½% in mid-2018 and stay close to target for the remainder of the forecast horizon.





Sunday December 10 2017
Iceland | Credit Rating at 55.45


Standard & Poor's credit rating for Iceland stands at A with stable outlook. Moody's credit rating for Iceland was last set at A3 with stable outlook. Fitch's credit rating for Iceland was last reported at A with stable outlook.





Saturday December 09 2017
Iceland Changes in Inventories at 11870.00 ISK Million


The stocks of goods held by firms in Iceland increased by 11870 ISK Million in the third quarter of 2017.





Saturday December 09 2017
Iceland GDP Constant Prices at 351327.00 ISK Million


GDP Constant Prices in Iceland increased to 351327 ISK Million in the third quarter of 2017 from 348179 ISK Million in the second quarter of 2017.





Saturday December 09 2017
Iceland Gross Fixed Capital Formation at 77232.00 ISK Million


Gross Fixed Capital Formation in Iceland increased to 77232 ISK Million in the third quarter of 2017 from 71277 ISK Million in the second quarter of 2017.





Saturday December 09 2017
Iceland Consumer Spending at 173424.00 ISK Million


Consumer Spending in Iceland decreased to 173424 ISK Million in the third quarter of 2017 from 189120 ISK Million in the second quarter of 2017.





Saturday December 09 2017
Iceland Government Spending at 70326.00 ISK Million


Government Spending in Iceland decreased to 70326 ISK Million in the third quarter of 2017 from 72134 ISK Million in the second quarter of 2017.





Friday December 08 2017
Iceland GDP Annual Growth Rate at 3.10 percent


Iceland GDP advanced 3.1 percent year-on-year in the third quarter of 2017, slowing from an upwardly revised 4.3 percent expansion in the previous period. It is the lowest growth rate since the last three months of 2015 as consumption slowed for both private (6.7 percent compared to 9.3 percent in the second quarter) and public (2.9 percent compared to 3.2 percent) sector. In contrast, gross fixed capital formation surged 19.4 percent (10.3 percent in the previous period), inventories grew 1.7 percent (-0.5 percent in Q2) and the positive contribution from net trade was bigger in spite of exports falling 0.1 percent (+9 percent in Q2) and imports growing 9 percent (+16.5 in Q2). On a quarterly basis, the economy expanded 2.2 percent, recovering from an upwardly revised 1.7 percent contraction in the previous three months.





Friday December 08 2017
Iceland GDP Growth Rate at 2.20 percent


Iceland GDP advanced 2.2 percent on quarter in the third quarter of 2017, recovering from an upwardly revised 1.7 percent contraction in the previous three months.