Iceland

Iceland : economy statistics and industry reports

  • Updated on : 27 August 2012  Source : The World Factbook

Imports

$4.501 billion (2011 est.)
$3.621 billion (2010 est.)

Exports

$5.3 billion (2011 est.)
$4.603 billion (2010 est.)

Inflation rate (consumer prices)

4% (2011 est.)
5.4% (2010 est.)

Unemployment rate

7.4% (2011 est.)
8.1% (2010 est.)

GDP - per capita (PPP)

$38,500 (2011 est.)
$37,800 (2010 est.)
$39,800 (2009 est.)
note: data are in 2011 US dollars

National product real growth rate

-3.4% (2010 est.)
-6.8% (2009 est.)
1% (2008 est.)

Internet users

301,600 (2009)

Telephones - mobile cellular

348,100 (2009)

Population growth rate

0.674% (2012 est.)

Population

313,183 (July 2012 est.)

Historical background

Settled by Norwegian and Celtic (Scottish and Irish) immigrants during the late 9th and 10th centuries A.

D.

, Iceland boasts the world's oldest functioning legislative assembly, the Althing, established in 930.

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Iceland

Economic overview

Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system.

Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income.

The economy depends heavily on the fishing industry, which provides 40% of export earnings, more than 12% of GDP, and employs 7% of the work force.

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Oxford Economics

Country Economic Forecasts > Iceland

Country Economic Forecasts > Iceland

  • $ 185
  • Country report
  • February 2015
  • by Oxford Economics

Solid GDP growth - estimated at 2% in 2014 and now seen rising to 3% this year, with the budget in surplus - creates a platform for continued expansion in 2016-18 despite capital outflows as controls are ...

  • Countries : Iceland

The Economist Intelligence Unit

Country Report Iceland 2nd Quarter 2015

Country Report Iceland 2nd Quarter 2015

  • $ 285
  • Country report
  • April 2015
  • by The Economist Intelligence Unit

Outlook for 2015-16 The Economist Intelligence Unit expects the government coalition of the centrist Progressive Party (PP) and the centre-right Independence Party (IP) to remain in office until the ...

  • Countries : Europe, Iceland

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