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