Iceland GDP Annual Growth Rate

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The economy of Iceland expanded 11.3 percent year-on-year in the last three months of 2016, following a downwardly revised 9.6 percent rise in the previous period. It is the highest growth rate since the last quarter of 2007, boosted by rising household spending (7.2 percent compared to 5.7 percent in Q3) while a slowdown was recorded for gross fixed capital formation (18.6 percent compared to 20.9 percent in Q3); government spending (1.7 percent compared to 1.8 percent in Q3); exports (14 percent compared to 17 percent in Q3) and imports (8.8 percent compared to 17.7 percent in Q3). Considering full 2016, the GDP expanded 7.2 percent, higher than 4.1 percent in 2015. GDP Annual Growth Rate in Iceland averaged 3.33 percent from 1998 until 2016, reaching an all time high of 13.40 percent in the first quarter of 1999 and a record low of -9.30 percent in the fourth quarter of 2009.

Iceland GDP Annual Growth Rate

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Iceland’s economy depends heavily on the fishing industry, which provides 40 percent of export earnings, more than 12 percent of GDP, and employs nearly 5 percent of the work force. Its economy has been diversifying into manufacturing and service industries in the last decade, particularly within the fields of software production, biotechnology, and tourism. On the expenditure side, household consumption is the main component of GDP and accounts for 53 percent of its total use, followed by government expenditure (24 percent) and gross fixed capital formation (17 percent). Exports of goods and services account for 54 percent of GDP while imports account for 47 percent, adding 7 percent of total GDP. This page provides – Iceland GDP Annual Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland GDP Annual Growth Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.

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  9. Singapore Balance of Trade Singapore recorded a trade surplus of 3.29 SGD billion in January of 2017, compared to a 5.80 SGD billion surplus a year earlier. It was the smallest trade surplus since October 2014, as total exports increased by 11.1 percent (following a 9.2 percent rise in December) while total imports surge 21.0 percent (compared to a 13.2 percent growth in the preceding month). Total trade rose 15.6 percent, after a 11.0 percent increase in a month earlier. In December 2016, trade surplus came in at 6.12 SGD billion. Balance of Trade in Singapore averaged 735.28 Million SGD from 1964 until 2017,...

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  11. Peru Balance of Trade Peru trade balance shifted to USD 150 million surplus in January of 2017 from USD 507 million gap in the same period of the previous year. Sales jumped 25.9 percent to USD 3.1 billion, mainly driven by fisheries (483.3 percent), agriculture (31.1 percent), miseries (22.7 percent), oil and gas (97.9 percent), metallurgy and jewellery (40.9 percent). Imports fell 0.5 percent to USD 3 billion, led by industrial capital goods (-4.8 percent), transport equipment (-23.6 percent) and building materials (-41.4 percent). Balance of Trade in Peru averaged 75.02 USD Million from 1957 until 2017, reaching an all time...

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  16. Iceland Imports Imports to Iceland declined 6.6 percent year-on-year to ISK 42.4 billion in February of 2017, mainly driven by food and beverages (-11.4 percent from -2.6 percent); fuels and lubricants (-13.8 percent from +7.5 percent), transport equipment (-18.4 percent from -32.3 percent); capital goods (-8.7 percent from -7.4 percent) and industrial supplies (-5.9 percent from -3.2 percent). Imports in Iceland averaged 12488.03 ISK Million from 1960 until 2017, reaching an all time high of 66338.70 ISK Million in June of 2015 and a record low of 1.21 ISK Million in January of 1960.  Export Data  API...

  17. Denmark GDP Annual Growth Rate The Gross Domestic Product (GDP) in Denmark expanded 2.30 percent in the fourth quarter of 2016, accelerating from a 1.5 percent growth in the previous period. GDP Annual Growth Rate in Denmark averaged 1.60 percent from 1991 until 2016, reaching an all time high of 6.50 percent in the fourth quarter of 1994 and a record low of -6.20 percent in the second quarter of 2009.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=degdpnyy&v=201704010421t&h=300&w=600&ref=/denmark/gdp-growth-annual’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/denmark/gdp-growth-annual’>tradingeconomics.com</a> On the expenditure side, household consumption is...

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  20. Mongolia Balance of Trade Mongolia recorded a trade surplus of 183 USD Million in February of 2017. Balance of Trade in Mongolia averaged -20.28 USD Million from 1997 until 2017, reaching an all time high of 362.30 USD Million in December of 2016 and a record low of -369.70 USD Million in July of 2012.  Export Data  API Access Please Paste this Code in your Website <iframe src=’http://www.tradingeconomics.com/embed/?s=mongoliabt&v=201703160122t&h=300&w=600&ref=/mongolia/balance-of-trade’ height=’300′ width=’600′ frameborder=’0′ scrolling=’no’></iframe><br />source: <a href=’http://www.tradingeconomics.com/mongolia/balance-of-trade’>tradingeconomics.com</a> Calendar GMT Reference Actual Previous Consensus Forecast 2017-01-17 11:00...

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