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:
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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| 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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National Accounts
ESA 1995: GDP: by Expenditure: Chain Linked 2000 Price
ESA 1995: GDP: Gross Fixed Capital Formation: Chain Linked 2000 Price
ESA 2010: GDP: by Expenditure: Chain Linked 2005 Price
ESA 2010: GDP: by Expenditure: Chain Linked 2005 Price: Seasonally Adjusted
ESA 2010: GDP: by Expenditure: Current Price: Annual
ESA 2010: GDP: by Industry: by Icelandic Version of NACE Rev2 (ISAT2008)
ESA 2010: GDP Deflator
ESA 2010: GDP: Gross Fixed Capital Formation: Current Price
ESA 2010: GDP: Household Final Consumption Expenditure: Chain Linked 2005 Price
ESA 2010: GDP per Capita
ESA 2010: Main Aggregates: Chain Linked 2005 Price
Funds by Sector: ESA 2010: Financial Corporations: Captive Financial Institutions: Flow
Funds by Sector: ESA 2010: Financial Corporations: Central Bank: Flow
Funds by Sector: ESA 2010: Financial Corporations: Financial Auxiliaries: Flow
Funds by Sector: ESA 2010: Financial Corporations: Financial Institutions in Winding Up Proceedings: Flow
Funds by Sector: ESA 2010: Financial Corporations: Flow
Funds by Sector: ESA 2010: Financial Corporations: Insurance Corporations: Stock
Funds by Sector: ESA 2010: Financial Corporations: Non Money Market Funds: Flow
Funds by Sector: ESA 2010: Financial Corporations: Other Deposit Taking Corporations: Flow
Funds by Sector: ESA 2010: Financial Corporations: Other Financial Intermediaries: Flow
Funds by Sector: ESA 2010: Financial Corporations: Pension Funds: Flow
Funds by Sector: ESA 2010: Financial Corporations: Stock
Funds by Sector: ESA 2010: General Government: Stock
Funds by Sector: ESA 2010: Households and Non Profit Institutions Serving Households: Stock
Funds by Sector: ESA 2010: Non Financial Corporations: Stock
Funds by Sector: ESA 2010: Rest of the World: Stock
Funds by Sector: ESA 2010: Total Economy and Rest of the World: Stock
Funds by Sector: ESA 2010: Total Economy: Stock
Gross Domestic Product: by Expenditure: Annual
Gross Domestic Product: Deflator and Volume Index: Annual
Gross Domestic Product: Purchasing Power Parity
Gross Domestic Product: Share of GDP
Contribution to GDP
ESA 1995: GDP: by Expenditure: Chain Linked 2000 Price: Seasonally Adjusted
ESA 1995: GDP: Household Final Consumption Expenditure: Chain Linked 2000 Price
ESA 2010: GDP: by Expenditure: Chain Linked 2005 Price: Annual
ESA 2010: GDP: by Expenditure: Current Price
ESA 2010: GDP: by Expenditure: Current Price: Seasonally Adjusted
ESA 2010: GDP: by Industry: by Icelandic Version of NACE Revision 2 (ISAT2008)
ESA 2010: GDP: Gross Fixed Capital Formation: Chain Linked 2005 Price
ESA 2010: GDP: Gross Output: by Icelandic Version of NACE Revision 2 (ISAT2008)
ESA 2010: GDP: Household Final Consumption Expenditure: Current Price
ESA 2010: GDP: Savings and Net Lending
ESA 2010: Main Aggregates: Current Price
Funds by Sector: ESA 2010: Financial Corporations: Captive Financial Institutions: Stock
Funds by Sector: ESA 2010: Financial Corporations: Central Bank: Stock
Funds by Sector: ESA 2010: Financial Corporations: Financial Auxiliaries: Stock
Funds by Sector: ESA 2010: Financial Corporations: Financial Institutions in Winding Up Proceedings: Stock
Funds by Sector: ESA 2010: Financial Corporations: Insurance Corporations: Flow
Funds by Sector: ESA 2010: Financial Corporations: Money Market Funds: Stock
Funds by Sector: ESA 2010: Financial Corporations: Non Money Market Funds: Stock
Funds by Sector: ESA 2010: Financial Corporations: Other Deposit Taking Corporations: Stock
Funds by Sector: ESA 2010: Financial Corporations: Other Financial Intermediaries: Stock
Funds by Sector: ESA 2010: Financial Corporations: Pension Funds: Stock
Funds by Sector: ESA 2010: General Government: Flow
Funds by Sector: ESA 2010: Households and Non Profit Institutions Serving Households: Flow
Funds by Sector: ESA 2010: Non Financial Corporations: Flow
Funds by Sector: ESA 2010: Rest of the World: Flow
Funds by Sector: ESA 2010: Total Economy and Rest of the World: Flow
Funds by Sector: ESA 2010: Total Economy: Flow
Gross Domestic Product: Annual Growth Rate
Gross Domestic Product: by Expenditure: Quarterly
Gross Domestic Product: Nominal
Gross Domestic Product: Real