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Iceland - ECONOMIC INDICATORS
Economic forecasts - General economic indicators - Investments - Foreign Trade


Economic forecasts


 
Indicators
2005
2006
GDP (USD billion)
14.534  
14.684  
Real GDP growth (constant prices)
5.8 % 
4.9 %
GDP per capita (USD)
49173.284  
49291.694  
Inflation rate
3.4 % 
3.5 % 
Source : IMF - 2005 data


General economic indicators

Indicators 2002 2003 2004
GDP (USD billion) 8.5   10.5   12.4  
Real GDP growth (constant prices) -0.5 % 4.0 % 5.2 %
GDP per capita (USD) 29858   30952   32449  
Inflation rate 5.2 % 2.1 % 2.8 %
Unemployment rate 3.3%   3.4%   3.1%  
External debt (USD billion) ..   ..   ..  
Kronur rate on 12/31 (1 US$)   81.222   71.716   61.54  
Sources : IMF - 2005 data, World bank, Oanda


GDP per activity sector 2002 2003 2004
Agriculture and fishing ..   ..   ..  
Industry and mining ..   ..     ..  
Services ..   ..     ..  
Sources : World bank


Investments


FDI inflows (USD million) 2002 2003 2004 World rank
Foreign Direct Investments (F.D.I.) 91   318   308   98 / 197
Source : UNCTAD "World Investment Report 2005 "


Foreign Trade


General indicators


Indicators (USD billion) 2002 2003 2004
Imports of goods (f.o.b.) 2.1   2.6   ..  
Export of goods (f.o.b) 2.2   2.4   ..  
Trade balance 0.1   -0.2   ..  
Balance of payments 0.1   -0.5   ..  
Sources : World bank, IMF


Indicators 2002 2003 2004
Share of foreign trade in GDP 77.3%   73.9%   ..  
Share of imports in GDP 37.6%   38.6%   ..  
Share of exports in GDP 39.7%   35.3%   ..  
Imports of goods and services (percent change) -2.6%   9.7%   ..  
Exports of goods and services (percent change) 3.6%   -0.7%   ..  
Sources : World bank, IMF


Trade in goods/services by major category


2003 Imports Exports
Total Trade in Goods (USD billion):     2.6     2.4    
Agricultural raw materials 2%   1%  
Food products 10%   64%  
Hydrocarbons 8%   0%  
Manufactured products (chemicals, machines,...) 78%   15%  
Ores and metals 2%   19%  
Other goods 0%   1%  


2003 Imports Exports
Total Trade in Services (USD billion): 1   1  
Transport 36%   53%  
Tourisme 36%   25%  
Other services (insurance, financial services, telecommunications,...) 28%   22%  
Source : World Bank


Trade Data, by HS Code :
Source : www.intracen.org, last available data


Trade by partner countries



Main clients
(% of exports)
2004
United Kingdom   19%  
Germany   17.7%  
Netherlands   10.7%  
USA   9.4%  
Spain   6.9%  

Main suppliers
(% of imports)
2004
Germany   12.6%  
USA   10.1%  
Norway   9.6%  
Denmark   7.6%  
United Kingdom   6.8%  
Source : COMTRADE


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Last modified in October 2005
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