Iceland Economy

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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 2017 99.16 0.51%
Iceland Inflation Rate Oct 2017 -1.20% -55.56%
Economic Activity Indexes (View all 1)
Iceland Economic Freedom Index 2017 74.40 1.50%
Employment (View all 1)
Iceland Unemployment Rate Oct 2017 3.40% 3.03%
Iceland Youth Unemployment Rate Oct 2017 7.50% 0.00
Energy (View all 1)
Iceland Petroleum Products Demand Dec 2013 0.00 mt
View and sort all 234 Iceland Indicators
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