Iceland's GDP expanded 1.1 percent in the first quarter of 2022 over the previous quarter, after a 2.2 percent advance in the last quarter of 2021. Household consumption expenditure decreased by 0.1 percent during the quarter compared with the previous quarter, government consumption expenditure increased 0.5 percent and investment 0.4 percent. Exports rose by 5.3% and imports by 3.3%. source: Statistics Iceland
GDP Growth Rate in Iceland averaged 0.83 percent from 1995 until 2022, reaching an all time high of 10.20 percent in the second quarter of 1998 and a record low of -9.90 percent in the first quarter of 2009. This page provides - Iceland GDP Growth Rate - actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland GDP Growth Rate - data, historical chart, forecasts and calendar of releases - was last updated on July of 2022.
GDP Growth Rate in Iceland is expected to be 0.90 percent by the end of this quarter, according to Trading Economics global macro models and analysts expectations. In the long-term, the Iceland GDP Growth Rate is projected to trend around 0.90 percent in 2023, according to our econometric models.