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 Sep 2021 108.17 -0.62%
Iceland Inflation Rate Sep 2021 3.80% 2.70%
Employment (View all 1)
Iceland Unemployment Rate Jul 2021 6.40% -1.54%
Iceland Youth Unemployment Rate Aug 2021 9.30% -7.00%
Energy (View all 1)
Iceland Petroleum Products Demand Aug 2021 0.00 mt
View and sort all 253 Iceland Indicators



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