Iceland Real GDP Growth

1996 - 2020 | Quarterly | % | CEIC Data

The Gross Domestic Product (GDP) in Iceland contracted 10.7 % YoY in Jun 2020, following a negative growth of 1.3 % in the previous quarter. Real GDP Growth YoY data in Iceland is updated quarterly, available from Mar 1996 to Jun 2020, with an average rate of 3.6 %. The data reached an all-time high of 18.0 % in Jun 1998 and a record low of -10.7 % in Jun 2020. CEIC calculates Real GDP Growth from quarterly Real GDP. Statistics Iceland provides Real GDP in local currency, at chain linked 2005 prices.

In the latest reports, Nominal GDP of Iceland reached 4.9 USD bn in Jun 2020. Its GDP deflator (implicit price deflator) increased 5.9 % in Jun 2020. GDP Per Capita in Iceland reached 67,161.4 USD in Dec 2019. Its Gross Savings Rate was measured at 19.9 % in Jun 2020.

View Iceland's Real GDP Growth from Mar 1996 to Jun 2020 in the chart:

Iceland Real GDP Growth

What was Iceland's Real GDP Growth in Jun 2020?

Last Previous Min Max Unit Frequency Range
-10.7 Jun 2020 -1.3 Mar 2020 -10.7 Jun 2020 18.0 Jun 1998 % quarterly Mar 1996 - Jun 2020

Real GDP Growth by Country Comparison

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Includes Real GDP Growth on 116 economies standardised by CEIC. Instant access to full history data in excel.
country/region Last Frequency Range
Albania (%) -11.0 Jun 2020 quarterly Mar 2010 - Jun 2020
Algeria (%) -3.9 Mar 2020 quarterly Mar 2012 - Mar 2020
Argentina (%) -19.8 Jun 2020 quarterly Mar 2005 - Jun 2020
Armenia (%) -9.1 Sep 2020 quarterly Mar 2001 - Sep 2020
Australia (%) -6.3 Jun 2020 quarterly Sep 1960 - Jun 2020
Austria (%) -14.5 Jun 2020 quarterly Mar 1989 - Jun 2020
Azerbaijan (%) 0.2 Mar 2020 quarterly Mar 2001 - Mar 2020
Bahrain (%) -8.9 Jun 2020 quarterly Mar 2009 - Jun 2020
Bangladesh (%) 5.2 2020 yearly 2007 - 2020
Belarus (%) -3.3 Jun 2020 quarterly Mar 2006 - Jun 2020

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Iceland Key Series

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Includes 378 key indicators for Iceland, curated by CEIC analysts. Instant access to full history data in excel.
Government and Public Finance Last Frequency Range
Consolidated Fiscal Balance: % of GDP (%) -2.8 Jun 2020 quarterly Mar 2004 - Jun 2020
Consolidated Fiscal Balance (USD mn) -554.344 Jun 2020 quarterly Mar 2004 - Jun 2020
Tax Revenue (USD mn) 1,692.859 Sep 2020 quarterly Mar 2004 - Sep 2020
Tax Revenue: % of GDP (%) 31.2 Jun 2020 quarterly Mar 2004 - Jun 2020
National Government Debt (USD mn) 17,203.9 2019 yearly 1998 - 2019
Government Debt: % of GDP (%) 69.0 2019 yearly 1998 - 2019
Forecast: Government Expenditure (ISK bn) 1,566.977 2025 yearly 1980 - 2025
Forecast: Government Net Debt (ISK bn) 1,911.483 2025 yearly 1982 - 2025
Forecast: Government Revenue (ISK bn) 1,382.117 2025 yearly 1980 - 2025
General Govt Revenue: Social Contributions (ISK bn) 25.950 Dec 2018 quarterly Mar 2004 - Dec 2018
General Govt Revenue: Others (ISK bn) 41.817 Sep 2020 quarterly Mar 2004 - Sep 2020
General Govt Expenditure (ISK bn) 318.717 Dec 2018 quarterly Mar 2004 - Dec 2018
General Govt Expenditure: Compensation of Employees (ISK bn) 117.586 Sep 2020 quarterly Mar 2004 - Sep 2020
General Govt Expenditure: Use of Goods and Services (ISK bn) 86.651 Sep 2020 quarterly Mar 2004 - Sep 2020
General Govt Revenue (ISK bn) 318.632 Dec 2018 quarterly Mar 2004 - Dec 2018
General Govt Revenue: Tax (ISK bn) 232.839 Sep 2020 quarterly Mar 2004 - Sep 2020

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