Iceland GDP Growth Rate  1997-2017 | Data | Chart | Calendar | Forecast

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. GDP Growth Rate in Iceland averaged 0.83 percent from 1997 until 2017, reaching an all time high of 7.20 percent in the second quarter of 1998 and a record low of -8.10 percent in the first quarter of 2009.

Iceland GDP Growth Rate
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Calendar GMT Actual Previous Consensus TEForecast
2017-06-08 09:00 AM GDP Growth Rate QoQ -1.9% 2.6% 0.9%
2017-09-08 09:00 AM GDP Growth Rate QoQ -1.1% -1.9% 0.8%
2017-12-08 09:00 AM GDP Growth Rate QoQ 2.2% -1.7% 1%
2018-03-09 09:00 AM GDP Growth Rate QoQ 2.2%
2018-06-08 09:00 AM GDP Growth Rate QoQ
2018-09-07 09:00 AM GDP Growth Rate QoQ


Iceland GDP Last Previous Highest Lowest Unit
GDP Growth Rate 2.20 -1.70 7.20 -8.10 percent [+]
GDP Annual Growth Rate 3.10 4.30 13.30 -8.70 percent [+]
GDP 20.05 16.78 21.30 0.25 USD Billion [+]
GDP Constant Prices 351327.00 348179.00 354618.00 182565.00 ISK Million [+]
Gross National Product 1352143.00 1213634.00 1352143.00 496273.00 ISK Million [+]
Gross Fixed Capital Formation 77232.00 71277.00 108257.00 30075.00 ISK Million [+]
GDP per capita 48613.89 45820.06 48613.89 11465.03 USD [+]
GDP per capita PPP 45276.45 42674.42 45276.45 27401.20 USD [+]


Iceland GDP Growth Rate

Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. The economy is highly affected by fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. On the expenditure side, household consumption is the main component of GDP and accounts for 53 percent of its total use, followed by government expenditure (24 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 54 percent of GDP while imports account for 47 percent, adding 7 percent of total GDP. This page provides - Iceland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland GDP Growth Rate - actual data, historical chart and calendar of releases - was last updated on December of 2017.

Actual Previous Highest Lowest Dates Unit Frequency
2.20 -1.70 7.20 -8.10 1997 - 2017 percent Quarterly
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GDP growth rate by Country
Country Last
United States 3.30 Sep/17
Indonesia 3.18 Sep/17
China 1.70 Sep/17
South Korea 1.50 Sep/17
India 1.40 Jun/17
Turkey 1.20 Sep/17
Russia 1.08 Jun/17
Germany 0.80 Sep/17
Spain 0.80 Sep/17
Australia 0.60 Sep/17
Euro Area 0.60 Sep/17
Japan 0.60 Sep/17
Switzerland 0.60 Sep/17
France 0.50 Sep/17
Canada 0.40 Sep/17
Italy 0.40 Sep/17
Netherlands 0.40 Sep/17
United Kingdom 0.40 Sep/17
Brazil 0.10 Sep/17
Mexico -0.30 Sep/17