Table

Iceland. Source:IMF World Economic Outlook Database(Apr 2019)
N Subject Descriptor Units Scale Estimates Start After 2018 2019 2020 2021 2022 2023 2024
1 Gross domestic product, constant prices National currency Billions Y2018 1,500.47 1,526.04 1,570.33 1,612.37 1,653.04 1,694.76 1,737.44
2 Gross domestic product, constant prices Percent change Y2018 4.612 1.704 2.902 2.677 2.522 2.524 2.519
3 Gross domestic product, current prices National currency Billions Y2018 2,803.05 2,924.83 3,109.84 3,284.33 3,455.78 3,635.06 3,835.2
4 Gross domestic product, current prices U.S. dollars Billions Y2018 25.882 24.544 26.821 28.387 29.862 31.495 33.164
5 Gross domestic product, current prices Purchasing power parity; international dollars Billions Y2018 19.484 20.169 21.188 22.207 23.238 24.318 25.453
6 Gross domestic product, deflator Index Y2018 186.812 191.662 198.038 203.696 209.056 214.489 220.738
7 Gross domestic product per capita, constant prices National currency Units Y2018 4,306,115.66 4,277,258.22 4,315,195.76 4,352,837.31 4,388,911.02 4,426,784.49 4,464,769.84
8 Gross domestic product per capita, constant prices Purchasing power parity; 2011 international dollar Units Y2018 49,704.76 49,371.66 49,809.57 50,244.06 50,660.45 51,097.62 51,536.08
9 Gross domestic product per capita, current prices National currency Units Y2018 8,044,339.22 8,197,884.31 8,545,735.46 8,866,575.34 9,175,297.14 9,494,950.81 9,855,436.41
10 Gross domestic product per capita, current prices U.S. dollars Units Y2018 74,278.17 68,793.69 73,703.61 76,636.41 79,285.13 82,267.06 85,221.86
11 Gross domestic product per capita, current prices Purchasing power parity; international dollars Units Y2018 55,917.32 56,530.18 58,222.49 59,951.27 61,698.95 63,520.99 65,406.83
12 Output gap in percent of potential GDP Percent of potential GDP NA NA NA NA NA NA NA NA
13 Gross domestic product based on purchasing-power-parity (PPP) share of world total Percent Y2018 0.014 0.014 0.014 0.014 0.014 0.014 0.014
14 Implied PPP conversion rate National currency per current international dollar Y2018 143.861 145.018 146.777 147.896 148.711 149.477 150.679
15 Total investment Percent of GDP Y2018 22.612 22.775 23.097 23.104 23.244 23.384 23.596
16 Gross national savings Percent of GDP Y2018 25.518 23.577 24.186 24.387 24.516 24.631 24.654
17 Inflation, average consumer prices Index Y2018 254.83 261.942 268.598 275.313 282.196 289.251 296.482
18 Inflation, average consumer prices Percent change Y2018 2.683 2.791 2.541 2.5 2.5 2.5 2.5
19 Inflation, end of period consumer prices Index Y2018 259.92 266.678 273.612 280.452 287.463 294.65 302.016
20 Inflation, end of period consumer prices Percent change Y2018 3.736 2.6 2.6 2.5 2.5 2.5 2.5
21 Six-month London interbank offered rate (LIBOR) Percent NA NA NA NA NA NA NA NA
22 Volume of imports of goods and services Percent change Y2018 0.148 3.794 3.283 2.071 2.796 2.214 2.261
23 Volume of Imports of goods Percent change Y2018 -3.991 5.664 2.824 0.822 2.793 2.023 2.1
24 Volume of exports of goods and services Percent change Y2018 1.603 -0.426 2.6 2.156 2.087 1.901 2.045
25 Volume of exports of goods Percent change Y2018 3.469 0.262 1.536 1.741 1.586 1.168 1.481
26 Unemployment rate Percent of total labor force Y2018 2.742 3.3 3.6 3.75 3.75 3.75 3.75
27 Employment Persons Millions Y2018 0.198 0.202 0.207 NA NA NA NA
28 Population Persons Millions Y2018 0.348 0.357 0.364 0.37 0.377 0.383 0.389
29 General government revenue National currency Billions Y2017 1,198.15 1,232.49 1,301.5 1,367.77 1,425.83 1,500.66 1,575.09
30 General government revenue Percent of GDP Y2017 42.745 42.139 41.851 41.645 41.259 41.283 41.069
31 General government total expenditure National currency Billions Y2017 1,167.93 1,213.16 1,287.31 1,349.73 1,408.74 1,482.48 1,555.59
32 General government total expenditure Percent of GDP Y2017 41.667 41.478 41.395 41.096 40.765 40.783 40.561
33 General government net lending/borrowing National currency Billions Y2017 30.219 19.33 14.19 18.039 17.087 18.171 19.492
34 General government net lending/borrowing Percent of GDP Y2017 1.078 0.661 0.456 0.549 0.494 0.5 0.508
35 General government structural balance National currency Billions Y2017 -11.537 -3.474 -0.284 5.443 13.873 16.259 32.105
36 General government structural balance Percent of potential GDP Y2017 -0.42 -0.119 -0.009 0.166 0.402 0.448 0.838
37 General government primary net lending/borrowing National currency Billions Y2017 100.169 81.527 83.968 84.077 78.729 79.407 67.988
38 General government primary net lending/borrowing Percent of GDP Y2017 3.574 2.787 2.7 2.56 2.278 2.184 1.773
39 General government net debt National currency Billions Y2017 832.069 846.439 832.249 814.209 797.122 778.951 759.46
40 General government net debt Percent of GDP Y2017 29.684 28.94 26.762 24.791 23.066 21.429 19.802
41 General government gross debt National currency Billions Y2017 993.063 969.091 937.245 914.309 886.513 848.246 845.228
42 General government gross debt Percent of GDP Y2017 35.428 33.133 30.138 27.839 25.653 23.335 22.039
43 Gross domestic product corresponding to fiscal year, current prices National currency Billions Y2017 2,803.05 2,924.83 3,109.84 3,284.33 3,455.78 3,635.06 3,835.2
44 Current account balance U.S. dollars Billions Y2018 0.752 0.197 0.292 0.364 0.38 0.393 0.351
45 Current account balance Percent of GDP Y2018 2.906 0.802 1.089 1.283 1.272 1.247 1.057