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Economic indicators

Economic indicators | Foreign Trade in figures | Sources of general economic information

Economic indicators

 
Main indicators 2009201020112012 (e)2013 (e)
GDP (billions USD) 12.0912.59e14.09e14.7315.37
GDP (constant prices, annual % change) -6.9-3.5e2.5e2.53.1
GDP per capita (USD) 37,853.4239,025.70e43,226.28e44,722.5146,185.30
General government balance (in % of GDP) -7.1-2.4-2.9-1.9-1.0
Inflation rate (%) 12.05.4e4.2e4.52.5
Current Account (billions USD) -1.42-1.29e0.27e0.47-0.07
Current Account (in % of GDP) -11.7-10.2e1.9e-0.4-

Source: IMF - World Economic Outlook Database ; World Bank

Note: (e) Estimated data

 
Breakdown of economic activity by sector Agriculture Industry Services
Value added (annual % change) -0.1 1.2 1.5
Value added (in % of GDP) 6.3 27.2 66.5
Employment by sector (in % of total employment) 4.5 19.0 74.3

Source: World Bank - last available data.

 
Monetary indicators 20062007200820092010
Average annual exchange rate for 1 USD 70.1864.0687.95123.64122.24

Source: World Bank

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Foreign trade in figures

 
Foreign trade indicators 20062007200820092010
Imports of goods (millions USD) 6,1376,7386,2053,6043,931
Exports of goods (millions USD) 3,4534,7835,3824,0574,601
Imports of services (millions USD) 2,5392,9382,5011,9122,040
Exports of services (millions USD) 1,8102,2612,1752,3032,492
Imports of goods and services (annual % change) 10.4-0.7-18.2-24.1-
Exports of goods and services (annual % change) -5.018.1---
Imports of goods and services (in % of GDP) 50.045.347.244.4-
Exports of goods and services (in % of GDP) 32.234.644.453.2-
Trade Balance (millions USD) -2,239-1,385-300733983
Current Account (millions USD) -3,990-3,195-4,519-1,313-
Foreign trade (in % of GDP) 82.380.091.597.5-

Source: WTO - World Trade Organization ; World Bank

 

Main partner countries

Main customers
(% of exports)
2010
Netherlands 34.0%
Germany 14.0%
United Kingdom 10.1%
Spain 4.7%
United States 4.6%
See more countries 32.6%
Main suppliers
(% of imports)
2010
Norway 9.0%
Brazil 8.7%
Netherlands 8.5%
United States 8.2%
Germany 7.5%
See more countries 58.1%

Source: Comtrade, last available data

 

Main products

Main exports
(% of exports)
2010
Unwrought aluminiumUnwrought aluminium 39.7%
Fish fillets and other fish meat, whether or not...Fish fillets and other fish meat, whether or not minced, fresh, chilled or frozen 14.7%
Fish, fit for human consumption, dried, salted or...Fish, fit for human consumption, dried, salted or in brine; smoked fish, fit for human consumption, whether or not cooked before or during the smoking process; flours, meals and pellets of fish, fit for human consumption 8.1%
Frozen fish (excl. fish fillets and other fish...Frozen fish (excl. fish fillets and other fish meat of heading 0304) 7.5%
Ferro-alloysFerro-alloys 3.6%
See more products 26.4%
Main imports
(% of imports)
2010
Artificial corundum, whether or not chemically...Artificial corundum, whether or not chemically defined; aluminium oxide; aluminium hydroxide 13.1%
Petroleum oils and oils obtained from bituminous...Petroleum oils and oils obtained from bituminous minerals (excl. crude); preparations containing >= 70% by weight of petroleum oils or of oils obtained from bituminous minerals, these oils being the basic constituents of the preparations, n.e.s.; waste oils containing mainly petroleum or bituminous minerals 11.8%
Carbon electrodes, carbon brushes, lamp carbons,...Carbon electrodes, carbon brushes, lamp carbons, battery carbons and other articles of graphite or other carbon, with or without metal, of a kind used for electrical purposes 7.8%
Medicaments consisting of mixed or unmixed...Medicaments consisting of mixed or unmixed products for therapeutic or prophylactic uses, put up in measured doses "incl. those in the form of transdermal administration" or in forms or packings for retail sale (excl. goods of heading 3002, 3005 or 3006) 2.9%
Motor cars and other motor vehicles principally...Motor cars and other motor vehicles principally designed for the transport of persons, incl. station wagons and racing cars (excl. motor vehicles of heading 8702) 1.8%
See more products 62.6%

Source: Comtrade, last available data

 

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Sources of general economic information

Ministries
Ministry of Finance
Ministry of Foreign Affairs
Statistical Office
Statistics Iceland
Central Bank
Central Bank of Iceland
Stock Exchange
Nordic Exchange
Main online newspapers
Daily News
Dagbladid Visir (in Icelandic)
Morgunbladid (in Icelandic)
Search Engines
Iceland on the web
Web Collection
Economic portals
Portal to the world: Iceland page

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Last updates: February 2012

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