Economy of Iceland

Imports

Imports commoditiesmachinery and equipment, petroleum products, foodstuffs, textiles

Import partnersNorway 16.6%, US 10.2%, Germany 9.2%, China 7.2%, Brazil 6.7%, Netherlands 6%, Denmark 5.7%, UK 4.6% (2012)

Exports

Exports commoditiesfish and fish products 40%, aluminum, animal products, ferrosilicon, diatomite

Export partnersNetherlands 30%, Germany 12.9%, UK 9.8%, Norway 5.1%, US 4.5%, France 4.4% (2012)

Economy sectors

Agriculture productspotatoes, green vegetables; mutton, chicken, pork, beef, dairy products; fish

Industrial productsfish processing; aluminum smelting, ferrosilicon production; geothermal power, hydropower, tourism

Economy

Unemployment Rate (not seasonally adjusted)4.20 % (2013-11)5.00 % (2013-10)5.20 % (2013-09)4.40 % (2013-08)3.60 % (2013-07)6.40 % (2013-06)

Unemployment Rate (not seasonally adjusted) of Iceland

Unemployment Rate (seasonally adjusted)5.10 % (2014-05)5.20 % (2014-04)5.20 % (2014-03)5.30 % (2014-02)5.30 % (2014-01)5.30 % (2013-12)5.30 % (2013-11)5.40 % (2013-10)5.40 % (2013-09)5.40 % (2013-08)5.50 % (2013-07)5.60 % (2013-06)

Unemployment Rate (seasonally adjusted) of Iceland

Reserves of foreign exchange and gold5.60 Billion $ (2013)4.19 Billion $ (2012)8.55 Billion $ (2011)

Reserves of foreign exchange and gold of Iceland

Harmonized Indices of Consumer Prices1.10 Percentage change m/m-12 (2014-05)1.30 Percentage change m/m-12 (2014-04)0.90 Percentage change m/m-12 (2014-03)0.80 Percentage change m/m-12 (2014-02)1.50 Percentage change m/m-12 (2014-01)3.70 Percentage change m/m-12 (2013-12)3.00 Percentage change m/m-12 (2013-11)3.20 Percentage change m/m-12 (2013-10)3.80 Percentage change m/m-12 (2013-09)4.80 Percentage change m/m-12 (2013-08)4.20 Percentage change m/m-12 (2013-07)

Harmonized Indices of Consumer Prices of Iceland

Inflation3.90 % (2013)5.20 % (2012)4.00 % (2011)

Unemployment4.50 % (2013)5.80 % (2012)7.40 % (2011)

GDP - Official Exchange Rate14.6 Billion $ (2013)13.5 Billion $ (2012)14.0 Billion $ (2011)

GDP growth rate1.90 % (2013)1.60 % (2012)3.10 % (2011)

GDP per Capita (PPP)40,700 $ (2013)39,700 $ (2012)38,700 $ (2011)

GDP - Purchasing Power Parity13.1 Billion $ (2013)12.7 Billion $ (2012)12.6 Billion $ (2011)

GDP - Purchasing Power Parity of Iceland

GDP PPP per land area127 Thousand $ per square kilometer (2013)123 Thousand $ per square kilometer (2012)122 Thousand $ per square kilometer (2011)

Electricity

Electricity - installed generating capacity2.58 Million kW

Banking

Central bank discount rate5.40 % (2012)5.75 % (2010)14.6 % (2009)

Commercial bank prime lending rate9.30 % (2013)8.33 % (2012)7.70 % (2011)

Commercial bank prime lending rate of Iceland

GDP decomposition by sector

Agriculture % of GDP5.90 % (2013)5.80 % (2012)

Industry % of GDP22.9 % (2013)23.7 % (2012)

Services % of GDP71.2 % (2013)70.5 % (2012)

Tourism

International tourism, number of arrivals673 Thousand (2012)566 Thousand (2011)489 Thousand (2010)

International tourism, number of departures358 Thousand (2012)341 Thousand (2011)299 Thousand (2010)

International tourism, number of departures of Iceland

Yearly Tourist arrivals to residents ratio215 % (2012)182 % (2011)154 % (2010)

Yearly Tourist arrivals to residents ratio of Iceland

Debt, Current Account Balance and Budget Deficit

Public debt (Percentage of GDP)131 % of GDP (2013)132 % of GDP (2012)129 % of GDP (2011)

Public debt (Percentage of GDP) of Iceland

Budget surplus (+) or deficit (-)-3.50 % of GDP

Current Account Balance (Percentage of GDP)-5.45 % of GDP (2012)-6.31 % of GDP (2011)-8.05 % of GDP (2010)

Current Account Balance (Percentage of GDP) of Iceland

Current Account Balance (Total)-100.00 Million $ (2013)-740.00 Million $ (2012)-953.00 Million $ (2011)

Current Account Balance (Total) of Iceland

External Debt (Total)102 Billion $ (2012)125 Billion $ (2011)3.07 Billion $ (2002)

External Debt (Percentage of GDP)757 % of GDP (2012)887 % of GDP (2011)34.5 % of GDP (2002)

External Debt (Percentage of GDP) of Iceland

External Debt per Capita326 Thousand $ (2012)400 Thousand $ (2011)10,688 $ (2002)