Indicators of economy in Iceland

The essential economic performance of a country is reflected by the gross domestic product. So the total of all goods and services sold. Worldwide gross domestic product in 2018 was at about 11.068 US Dollar per capita. The GDP in Iceland reached 73.191 US Dollar per capita. The gross national product has been at 67.960 US Dollar per capita.

Inflation in Iceland was in 2019 at around 3.01%. For the the EU, the average of the same was year at 1.63%.

Compared to Germany, the prices of daily necessities are approximately 48.90% higher.
The Corruption Perceptions Index for the public sector counts 76 and is compared to other countries good.


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Unemployment rates in percent 1991 - 2019

Unemployment rates Iceland

Economic performance 2018

 Iceland
Total
Iceland
per capita
EU
Total
EU
per capita
GDP25.88 bn USD73,191.12 USD18,768.08 tn USD36,569.73 USD
Gross national product24.03 bn USD67,959.82 USD18,177.92 tn USD35,419.82 USD


Development of the Gross domestic product in billion US Dollar 1979 - 2018

GDP Iceland

Household debt and deficits 2018


 Iceland
Total
Iceland
per capita
EU
Total
EU
per capita
Gross debt12.45 bn USD35,223.41 USD15,016.71 tn USD29,260.17 USD
Budget deficit521.89 m USD1,476.03 USD117.16 bn USD228.28 USD

Debt budget development
Development of inflation
Corruption in Iceland
Cost of living in a global comparison

Im- and Exports 2018

 Iceland
Total
Iceland
per capita
EU
Total
EU
per capita
Exports12.24 bn USD34,625.06 USD8,712.92 bn USD16,977.20 USD
Imports11.46 bn USD32,407.61 USD8,121.06 bn USD15,823.95 USD


Development of imports and exports in billion US dollars 1979 - 2018


Exports
Imports