Iceland Real Residential Property Price Index Growth

2001 - 2023 | Quarterly | % | Bank for International Settlements

Key information about Iceland Real Residential Property Price Index Growth

  • Iceland Real Residential Property Price Index Growth was reported at -3.380 % in Dec 2023.
  • This records an increase from the previous number of -5.117 % for Sep 2023.
  • Iceland Real Residential Property Price Index Growth data is updated quarterly, averaging 4.117 % from Mar 2001 to Dec 2023, with 92 observations.
  • The data reached an all-time high of 28.348 % in Sep 2005 and a record low of -24.060 % in Mar 2009.
  • Iceland Real Residential Property Price Index Growth data remains active status in CEIC and is reported by Bank for International Settlements.
  • The data is categorized under World Trend Plus’s Association: Property Sector – Table RK.BIS.RPPI: Selected Real Residential Property Price Index: 2010=100: Quarterly: YoY %.

View Iceland's Real Residential Property Price Index Growth from Mar 2001 to Dec 2023 in the chart:

Iceland Real Residential Property Price Index Growth

What was Iceland's Real Residential Property Price Index Growth in Dec 2023?

Iceland Real Residential Property Price Index Growth was reported at -3.380 % in Dec 2023. See the table below for more data.

Last Previous Min Max Unit Frequency Range
-3.380 Dec 2023 -5.117 Sep 2023 -24.060 Mar 2009 28.348 Sep 2005 % quarterly Mar 2001 - Dec 2023

Real Residential Property Price Index Growth by Country Comparison

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country/region Last Frequency Range
Australia (%) 2.766 Dec 2023 quarterly Mar 1971 - Dec 2023
Austria (%) -7.381 Dec 2023 quarterly Mar 2001 - Dec 2023
Belgium (%) -2.292 Sep 2023 quarterly Mar 1971 - Sep 2023
Brazil (%) -3.132 Dec 2023 quarterly Mar 2002 - Dec 2023
Bulgaria (%) 1.585 Sep 2023 quarterly Mar 2006 - Sep 2023
Canada (%) -3.586 Sep 2023 quarterly Mar 1971 - Sep 2023
Chile (%) 2.419 Sep 2023 quarterly Mar 2003 - Sep 2023
China (%) -3.100 Sep 2023 quarterly Jun 2006 - Sep 2023
Colombia (%) -3.925 Sep 2023 quarterly Mar 1989 - Sep 2023
Croatia (%) 3.389 Sep 2023 quarterly Mar 2003 - Sep 2023
Cyprus (%) 4.725 Sep 2023 quarterly Mar 2003 - Sep 2023
Czech Republic (%) -10.694 Sep 2023 quarterly Mar 2009 - Sep 2023
Denmark (%) -2.378 Sep 2023 quarterly Mar 1971 - Sep 2023
Estonia (%) -1.158 Sep 2023 quarterly Mar 2006 - Sep 2023
Finland (%) -12.118 Sep 2023 quarterly Mar 1971 - Sep 2023
France (%) -5.895 Sep 2023 quarterly Mar 1971 - Sep 2023
Germany (%) -14.991 Sep 2023 quarterly Mar 1971 - Sep 2023
Greece (%) 8.189 Dec 2023 quarterly Mar 2007 - Dec 2023
Hong Kong SAR, China (%) -9.543 Dec 2023 quarterly Dec 1980 - Dec 2023
Hungary (%) -12.018 Sep 2023 quarterly Mar 2008 - Sep 2023
Iceland (%) -3.380 Dec 2023 quarterly Mar 2001 - Dec 2023
India (%) -2.884 Sep 2023 quarterly Mar 2010 - Sep 2023
Indonesia (%) -0.915 Dec 2023 quarterly Mar 2003 - Dec 2023
Ireland (%) -4.529 Sep 2023 quarterly Mar 1971 - Sep 2023
Israel (%) -3.780 Sep 2023 quarterly Mar 1995 - Sep 2023
Italy (%) -3.593 Sep 2023 quarterly Mar 1948 - Sep 2023
Japan (%) -0.877 Sep 2023 quarterly Mar 1956 - Sep 2023
South Korea (%) -8.734 Dec 2023 quarterly Mar 1976 - Dec 2023
Latvia (%) -0.173 Dec 2023 quarterly Mar 2007 - Dec 2023
Lithuania (%) 6.201 Dec 2023 quarterly Dec 1999 - Dec 2023
Luxembourg (%) -16.958 Sep 2023 quarterly Mar 2008 - Sep 2023
North Macedonia (%) 3.428 Dec 2023 quarterly Mar 2001 - Dec 2023
Malaysia (%) -1.115 Dec 2023 quarterly Mar 1989 - Dec 2023
Malta (%) 0.353 Sep 2023 quarterly Mar 2006 - Sep 2023
Mexico (%) 5.502 Sep 2023 quarterly Mar 2006 - Sep 2023
Morocco (%) -4.869 Sep 2023 quarterly Mar 2006 - Sep 2023
Netherlands (%) -6.179 Sep 2023 quarterly Mar 1971 - Sep 2023
New Zealand (%) -9.412 Sep 2023 quarterly Mar 1971 - Sep 2023
Norway (%) -5.028 Dec 2023 quarterly Mar 1993 - Dec 2023
Peru (%) -0.775 Dec 2023 quarterly Mar 1999 - Dec 2023
Philippines (%) 7.112 Sep 2023 quarterly Mar 2009 - Sep 2023
Poland (%) -0.125 Sep 2023 quarterly Mar 2011 - Sep 2023
Portugal (%) 3.973 Sep 2023 quarterly Mar 2009 - Sep 2023
Romania (%) -3.969 Sep 2023 quarterly Mar 2010 - Sep 2023
Russia (%) -3.224 Sep 2023 quarterly Mar 2002 - Sep 2023
Serbia (%) -2.873 Sep 2023 quarterly Mar 2001 - Sep 2023
Singapore (%) 0.267 Sep 2023 quarterly Mar 1999 - Sep 2023
Slovakia (%) -11.661 Sep 2023 quarterly Mar 2007 - Sep 2023
Slovenia (%) -0.793 Sep 2023 quarterly Mar 2008 - Sep 2023
South Africa (%) -4.587 Dec 2023 quarterly Mar 1967 - Dec 2023
Spain (%) 1.665 Sep 2023 quarterly Mar 1972 - Sep 2023
Sweden (%) -11.091 Sep 2023 quarterly Mar 1971 - Sep 2023
Switzerland (%) -0.363 Dec 2023 quarterly Mar 1971 - Dec 2023
Thailand (%) 3.490 Dec 2023 quarterly Mar 1992 - Dec 2023
Turkey (%) 7.866 Dec 2023 quarterly Mar 2011 - Dec 2023
United Arab Emirates (%) 19.123 Dec 2023 quarterly Mar 2004 - Dec 2023
United Kingdom (%) -5.630 Dec 2023 quarterly Jun 1969 - Dec 2023
United States (%) 2.213 Dec 2023 quarterly Mar 1971 - Dec 2023

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Iceland Key Series

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Includes 240 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 (%) 0.6 Dec 2023 quarterly Mar 2002 - Dec 2023
Consolidated Fiscal Balance (USD mn) 42.783 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue (USD mn) 3,082.793 Dec 2023 quarterly Mar 2002 - Dec 2023
Tax Revenue: % of GDP (%) 40.0 Dec 2023 quarterly Mar 2002 - Dec 2023
National Government Debt (USD mn) 18,223.8 2022 yearly 1998 - 2022
Government Debt: % of GDP (%) 64.8 2023 yearly 1998 - 2023
Forecast: Government Expenditure (ISK bn) 2,331.340 2028 yearly 1980 - 2028
Forecast: Government Net Debt (ISK bn) 2,287.090 2028 yearly 1982 - 2028
Forecast: Government Revenue (ISK bn) 2,279.940 2028 yearly 1980 - 2028
General Govt Revenue: Tax (ISK bn) 428.442 Dec 2023 quarterly Mar 2002 - Dec 2023
General Govt Expenditure: Compensation of Employees (ISK bn) 166.146 Dec 2023 quarterly Mar 2002 - Dec 2023
General Govt Expenditure: Use of Goods and Services (ISK bn) 131.796 Dec 2023 quarterly Mar 2002 - Dec 2023
General Govt Revenue: Others (ISK bn) 72.758 Dec 2023 quarterly Mar 2002 - Dec 2023
General Govt Revenue: Social Contributions (ISK bn) 25.950 Dec 2018 quarterly Mar 2004 - Dec 2018
General Govt Expenditure (ISK bn) 318.717 Dec 2018 quarterly Mar 2004 - Dec 2018
General Govt Revenue (ISK bn) 318.632 Dec 2018 quarterly Mar 2004 - Dec 2018
Foreign Trade Last Frequency Range
Forecast: Exports of Goods Growth (%) 3.428 2028 yearly 1980 - 2028
Trade Balance (USD mn) -111.0 Feb 2024 monthly Jan 1957 - Feb 2024
Total Exports (USD mn) 578.4 Feb 2024 monthly Jan 1988 - Feb 2024
Total Exports Growth (%) 4.9 Feb 2024 monthly Jan 1989 - Feb 2024
Aluminum: Exports (USD th) 3,056,122.646 2022 yearly 1995 - 2022
Exports: Medicament (USD th) 8,718.936 2022 yearly 1995 - 2022
Exports: Medicinal and Pharmaceutical Product (USD th) 23,070.343 2022 yearly 1995 - 2022
Total Imports (USD mn) 727.1 Feb 2024 monthly Jan 1988 - Feb 2024
Total Imports Growth (%) 0.5 Feb 2024 monthly Jan 1989 - Feb 2024
Imports: Medicament (USD th) 201,111.029 2022 yearly 1995 - 2022
Imports: Medicinal and Pharmaceutical Product (USD th) 40,398.524 2022 yearly 1995 - 2022
Total Exports to USA (USD mn) 57.498 Feb 2024 monthly Jan 1988 - Feb 2024
Total Imports from USA (USD mn) 65.272 Feb 2024 monthly Apr 1964 - Feb 2024
Total Exports to China (USD mn) 9.947 Feb 2024 monthly Jan 1988 - Feb 2024
Total Imports from China (USD mn) 57.978 Feb 2024 monthly Feb 1973 - Feb 2024
Balance of Payments Last Frequency Range
Direct Investment Abroad (USD mn) 669.0 Dec 2023 quarterly Mar 1990 - Dec 2023
Current Account Balance (USD mn) -71.2 Mar 2023 quarterly Mar 1976 - Mar 2023
Current Account Balance: % of GDP (%) -2.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Direct Investment (USD mn) -13.9 Dec 2023 quarterly Mar 1976 - Dec 2023
Foreign Direct Investment: % of GDP (%) -0.2 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Portfolio Investment (USD mn) -206.183 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Portfolio Investment: % of GDP (%) -2.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Portfolio Investment: Equity Securities (USD mn) -99.7 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Portfolio Investment: Debt Securities (USD mn) -106.455 Dec 2023 quarterly Mar 1995 - Dec 2023
External Debt (USD mn) 22,508.6 Dec 2023 quarterly Dec 1989 - Dec 2023
External Debt: % of GDP (%) 71.6 2023 yearly 1989 - 2023
External Debt: Short Term (USD mn) 2,607.4 Dec 2023 quarterly Dec 1989 - Dec 2023
External Debt: Short Term: % of GDP (%) 8.3 2023 yearly 1989 - 2023
Total Debt: % of GDP (%) 766.2 2021 yearly 2003 - 2021
Forecast: Current Account Balance (USD bn) 0.471 2028 yearly 1980 - 2028
Net International Investment Position (USD mn) 11,847.878 Dec 2023 quarterly Dec 1989 - Dec 2023
BoP: CA: PI: Debit (ISK mn) 8,427.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: PI: Credit (ISK mn) 42,386.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: SI: Debit (ISK mn) 23,644.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Financial Account (FA) (ISK mn) 86,647.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Capital Account: Debit (ISK mn) 1,321.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Goods: Credit (ISK mn) 241,072.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Net Errors & Omissions (ISK mn) 116,534.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Assets (ISK mn) 33,002.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Assets: Financial Derivatives (ISK mn) -3,499.000 Dec 2023 quarterly Mar 1995 - Dec 2023
Balance of Payments (BoP): Current Account (CA) (ISK mn) -28,566.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Services: Debit (ISK mn) 159,846.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Primary Income (PI) (ISK mn) 33,959.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: SI: Credit (ISK mn) 10,162.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Services: Credit (ISK mn) 188,348.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Liabilities: DI (ISK mn) -1,928.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Assets: Other Investment (OI) (ISK mn) -122,649.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Services (ISK mn) 28,502.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Liabilities: PI (ISK mn) -28,655.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Capital Account (ISK mn) -1,321.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: Capital Account: Credit (ISK mn) 0.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Liabilities: OI (ISK mn) -23,062.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Goods (ISK mn) -77,545.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Secondary Income (SI) (ISK mn) -13,482.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Assets: Direct Investment (DI) (ISK mn) 92,979.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Assets: Portfolio Investment (PI) (ISK mn) 62,194.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: CA: Goods: Debit (ISK mn) 318,616.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Assets: Reserve Assets (RA) (ISK mn) 3,977.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Liabilities (ISK mn) -53,645.000 Dec 2023 quarterly Mar 1995 - Dec 2023
BoP: FA: Liabilities: PI: Debt Securities (ISK mn) -35,760.000 Dec 2018 quarterly Mar 1995 - Dec 2018
BoP: CA: Exports of Goods and Services (ISK mn) 429,420.000 Dec 2023 quarterly Mar 1995 - Dec 2023
International Investment Position (IIP): Net (ISK mn) 1,613,681.000 Dec 2023 quarterly Mar 1995 - Dec 2023
IIP: Assets (ISK mn) 5,752,509.000 Dec 2023 quarterly Mar 1995 - Dec 2023
IIP: Liabilities (ISK mn) 4,138,828.000 Dec 2023 quarterly Mar 1995 - Dec 2023
External Debt: Central Bank (CB) (ISK mn) 78,861.000 Dec 2023 quarterly Mar 1995 - Dec 2023
External Debt: General Government (GG) (ISK mn) 289,037.000 Dec 2023 quarterly Mar 1995 - Dec 2023
Foreign Direct Investment: Flow (ISK mn) 115,322.000 2022 yearly 1988 - 2022
Foreign Direct Investment: Stock (ISK mn) 1,322,433.000 2022 yearly 1988 - 2022
Foreign Direct Investment: NACE 2: Flow: Agriculture & Fishing (ISK mn) 1,074.840 2017 yearly 1998 - 2017
Foreign Direct Investment: NACE 2: Flow: Real Estate Companies (ISK mn) 867.424 2017 yearly 1998 - 2017
Foreign Direct Investment: NACE 2: Flow: Professional, Scientific & Technical Ac... (ISK mn) 681.984 2017 yearly 1998 - 2017
Foreign Direct Investment: Flow: America: United States (ISK mn) 36,384.838 2022 yearly 1998 - 2022
Foreign Direct Investment: Flow: Europe: Denmark (ISK mn) 1,931.948 2022 yearly 1998 - 2022
Foreign Direct Investment: Flow: Europe: Switzerland (ISK mn) 9,316.883 2022 yearly 1998 - 2022
Foreign Direct Investment: Flow: Europe: Netherlands (ISK mn) -31,384.932 2022 yearly 1998 - 2022
Foreign Direct Investment: Flow: Europe: Luxembourg (ISK mn) 115,138.928 2022 yearly 1998 - 2022
Direct Investment Abroad: NACE 2: Flow (ISK mn) -15,972.000 2022 yearly 1988 - 2022
Direct Investment Abroad: NACE 2: Flow: Financial & Insurance Activities (ISK mn) -26,386.515 2017 yearly 1998 - 2017
Direct Investment Abroad: NACE 2: Flow: Wholesale & Retail Trade, Transportation... (ISK mn) 3,995.425 2017 yearly 1998 - 2017
Direct Investment Abroad: NACE 2: Flow: Manufacturing, Mining & Quarrying (ISK mn) 438.614 2017 yearly 1998 - 2017
Direct Investment Abroad: Flow: America: United States (ISK mn) 3,849.050 2022 yearly 1998 - 2022
Direct Investment Abroad: Flow: Europe: Netherlands (ISK mn) -16,067.778 2022 yearly 1998 - 2022
Direct Investment Abroad: Flow: Europe: Sweden (ISK mn) 4,015.057 2022 yearly 1998 - 2022
Direct Investment Abroad: Flow: Europe: United Kingdom (ISK mn) 16,810.335 2022 yearly 1998 - 2022
Direct Investment Abroad: Flow: Europe: Denmark (ISK mn) 2,625.386 2022 yearly 1998 - 2022
Direct Investment Abroad: NACE 2: Stock (ISK mn) 710,805.000 2022 yearly 1988 - 2022
No of Registered Enterprises (Unit) 79,890.000 2022 yearly 2008 - 2022
Number of Insolvencies (Unit) 56.000 Dec 2023 monthly Jan 2008 - Dec 2023
Monetary Last Frequency Range
Non Performing Loans Ratio (%) 7.8 2021 yearly 2009 - 2021
Household Debt: % of GDP (%) 73.2 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply M1 (USD mn) 5,030.802 Feb 2024 monthly Apr 1960 - Feb 2024
Money Supply M2 (USD mn) 13,975.566 Feb 2024 monthly Sep 1986 - Feb 2024
M2 Growth (%) 10.0 Feb 2024 monthly Sep 1987 - Feb 2024
Reserve Requirement Ratio (%) 2.0 Mar 2024 monthly Jun 1979 - Mar 2024
Foreign Exchange Reserves (USD mn) 4,964.9 Feb 2024 monthly Oct 2000 - Feb 2024
Foreign Exchange Reserves: % of GDP (%) 15.958 Dec 2023 quarterly Dec 2000 - Dec 2023
Foreign Exchange Reserves: Months of Import (NA) 6.8 Feb 2024 monthly Oct 2000 - Feb 2024
Gold Reserves (USD mn) 129.776 Feb 2024 monthly Dec 1956 - Feb 2024
Total Deposits (USD mn) 21,600.047 Feb 2024 monthly Sep 1993 - Feb 2024
Total Deposits Growth (%) 7.9 Feb 2024 monthly Sep 1994 - Feb 2024
Domestic Credit (USD mn) 32,182.7 Feb 2024 monthly Sep 1993 - Feb 2024
Domestic Credit Growth (%) 3.6 Feb 2024 monthly Sep 1994 - Feb 2024
Household Debt (USD mn) 23,011.8 Dec 2023 quarterly Dec 1991 - Dec 2023
Total Loans (USD mn) 31,763.598 Feb 2024 monthly Sep 1993 - Feb 2024
Total Loans Growth (%) 6.43 Feb 2024 monthly Sep 1994 - Feb 2024
Private Debt: % of Nominal GDP (%) 89.71 Dec 2023 quarterly Dec 1995 - Dec 2023
Money Supply: Base Money (ISK mn) 126,846.364 Feb 2024 monthly Jun 1992 - Feb 2024
Money Supply: M4: Broad Money (M3) (ISK mn) 1,756,067.00 Mar 2018 monthly Sep 1993 - Mar 2018
Money Supply: M4: M3: Money and Sight Deposits (M2) (ISK mn) 1,079,627.00 Mar 2018 monthly Sep 1993 - Mar 2018
Money Supply: M4: M3: M2: Narrow Money (M1) (ISK mn) 504,927.00 Mar 2018 monthly Sep 1993 - Mar 2018
Official Reserve Assets: Foreign Currency Reserve (FC) (ISK mn) 684,713.466 Feb 2024 monthly Oct 2000 - Feb 2024
Official Reserve Assets (ISK mn) 794,366.598 Feb 2024 monthly Oct 2000 - Feb 2024
Official Reserve Assets: Gold incl Gold Deposits and Gold Swapped (ISK mn) 10,152.178 Jan 2019 monthly Oct 2000 - Jan 2019
DMBs Deposits (ISK mn) 2,978,862.523 Feb 2024 monthly Sep 1993 - Feb 2024
DMBs Deposits: Resident: Households (ISK mn) 1,468,972.634 Feb 2024 monthly Oct 2003 - Feb 2024
DMBs Lending (ISK mn) 4,380,517.805 Feb 2024 monthly Sep 1993 - Feb 2024
Household Loans (ISK mn) 3,134,205.518 Dec 2023 quarterly Dec 1991 - Dec 2023
Non Performing Loans Ratio: Quarterly (%) 3.530 Dec 2023 quarterly Dec 2011 - Dec 2023
Business and Economic Survey Last Frequency Range
Business Confidence Growth (% Point) 28.7 Mar 2024 quarterly Dec 2003 - Mar 2024
Business Sentiment Indicator: Gallup: Economic Situation: Current (%) 70.100 Mar 2024 quarterly Dec 2002 - Mar 2024
Business Sentiment Indicator: Gallup: Economic Situation: In 6 Months (%) 116.830 Mar 2024 quarterly Dec 2002 - Mar 2024

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