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)
Inflation of Iceland
Unemployment4.50 % (2013)5.80 % (2012)7.40 % (2011)
Unemployment of Iceland
GDP - Official Exchange Rate14.6 Billion $ (2013)13.5 Billion $ (2012)14.0 Billion $ (2011)
GDP - Official Exchange Rate of Iceland
GDP growth rate1.90 % (2013)1.60 % (2012)3.10 % (2011)
GDP growth rate of Iceland
GDP per Capita (PPP)40,700 $ (2013)39,700 $ (2012)38,700 $ (2011)
GDP per Capita (PPP) of Iceland
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)
GDP PPP per land area of Iceland
ElectricityBanking
Central bank discount rate5.40 % (2012)5.75 % (2010)14.6 % (2009)
Central bank discount rate of Iceland
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 arrivals of Iceland
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
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 (Total) of Iceland
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)
External Debt per Capita of Iceland