The Gross Domestic Product (GDP) in Iceland contracted 1.70 percent in the first quarter of 2021 over the same quarter of the previous year. source: Statistics Iceland
GDP Annual Growth Rate in Iceland averaged 3.09 percent from 1995 until 2021, reaching an all time high of 13.40 percent in the first quarter of 1999 and a record low of -10.10 percent in the second quarter of 2020. This page provides - Iceland GDP Annual Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland GDP Annual Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2021.
GDP Annual Growth Rate in Iceland is expected to be 8.80 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. Looking forward, we estimate GDP Annual Growth Rate in Iceland to stand at 1.50 in 12 months time. In the long-term, the Iceland GDP Annual Growth Rate is projected to trend around 1.50 percent in 2022 and 2.60 percent in 2023, according to our econometric models.