Iceland Economy

Back to Economic Data Main Page

Iceland's economy combines a capitalist structure and free market principles with an extensive welfare system. It depends heavily on the fishing industry, which makes up more than 12% of the GDP and 40% of export earnings. Iceland has a GDP of $12.33 billion according to 2011 estimates, placing it at 146th in the world. Due to extensive free market reforms in the 1990s, the financial system expanded rapidly before collapsing entirely in the financial crisis.

Major Iceland Indicators

Period Value % Chg Prev
Consumer Prices (View all 1)
Iceland Consumer Price Index Oct 2018 100.08 0.21%
Iceland Inflation Rate Oct 2018 0.90% -25.00%
Employment (View all 1)
Iceland Unemployment Rate Sep 2018 2.60% -3.70%
Iceland Youth Unemployment Rate Sep 2018 6.50% -2.99%
Energy (View all 1)
Iceland Petroleum Products Demand Dec 2013 0.00 mt
View and sort all 236 Iceland Indicators



Please note that this feature is only available as an add-on to YCharts subscriptions.

Please note that this feature requires full activation of your account and is not permitted during the free trial period.

Start My Free Trial {{}} No credit card required.

Already a subscriber? Sign in.