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Household gross disposable income is estimated to have increased by 7.8% in the first quarter of 2026, compared with last year‘s corresponding quarter. Disposable income per capita amounted to little over 1.6 million ISK in the quarter and is estimated to have increased by 6.4% compared with the first quarter of 2024. Due to inflation rate, the purchasing power of household disposable income per…
According to the preliminary estimate, gross domestic product (GDP) is estimated to have increased by 2.7% in real terms in the first quarter of 2026 compared with the same period of the previous year. The contribution of external trade is the main driver of growth, as a surplus in trade in goods and services results in a positive contribution of external trade to economic growth of 5.3% in the…
Household gross disposable income increased by 6.8% from 2024 to 2025 according to preliminary figures. Disposable income per capita amounted to roughly 6.4 million ISK in 2025 and is estimated to have increased by 5.4% from the previous year. The purchasing power of household disposable income per capita increased by 1.2% during the same period due to an increase in the consumer price index by…
Preliminary results for the year 2025 indicate that gross domestic production (GDP) increased by 1.3% in volume terms with the nominal level estimated at 4,956 billion ISK. In the fourth quarter, GDP is estimated to have decreased by 0.6% in real terms.
Household gross disposable income is estimated to have increased by 7.1% in the third quarter of 2025, compared with last year‘s corresponding quarter. Disposable income per capita amounted to little over 1.6 million ISK in the quarter and is estimated to have increased by 5.9% compared with the third quarter of 2024. Due to inflation rate, the purchasing power of household disposable income per…
According to preliminary estimate, gross domestic product (GDP) increased by 1.2% in the third quarter of 2025 compared with the same period of the previous year. Household final consumption, which expanded by 4.2%, is the main contributor to growth, while gross fixed capital formation and government consumption also increased, by 2.2% and 0.9% respectively.
Total financial assets of Iceland’s domestic sector stood at 44,068 billion ISK in year-end 2024 according to preliminary data or 961% of Gross Domestic Product (GDP). Total financial liabilities stood at 41,730 billion ISK or 910% of GDP. Net financial assets of the domestic sector were therefore positive by 2,338 billion ISK at the end of 2024 but were positive by 1,595 billion ISK the year…
According to preliminary figures, household gross disposable income is estimated to have increased by 10.3% in 2024, compared with the previous year. Disposable income per capita amounted to just over 6.1 million ISK and is estimated to have increased by 8.3%. Due to increased inflation rate, the purchasing power of household disposable income per capita 2024 increased by 2.3% compared with the…
Tourism continued to play a key role in the economy in 2024, accounting for 8.7% of GDP, up from 8.2% in 2023, according to preliminary results from the Tourism Satellite Accounts (TSAs). Accommodation services once again led the sector, contributing around 2.6% of GDP.
According to the first estimate, real gross domestic product (GDP) is estimated to have contracted by 1.9% in the second quarter of 2025 compared with the same quarter of the previous year. The main driver of the contraction was foreign trade, as a wider deficit in goods and services compared with the previous year resulted in a negative contribution of 5.8% to real GDP growth in the second…