The economy of Iceland expanded 2.6 percent on quarter in the last three months of 2016, slowing from a downwardly revised 4.5 percent expansion in the previous period but marking the fourth consecutive quarter of growth. Exports slowed (2.7 percent compared to 4.8 percent in Q3) and imports went up 0.7 percent, recovering from a 1.6 percent drop in Q3. In contrast, household spending rose faster (2.5 percent compared to 0.6 percent in Q3) and gross fixed capital formation also increased more (4.3 percent compared to 1.1 percent in Q3) while government consumption growth was steady at 0.4 percent. Year-on-year, the economy advanced 11.3 percent, the highest growth rate since the last quarter of 2007. Considering full 2016, the GDP expanded 7.2 percent, above 4.1 percent in 2015. GDP Growth Rate in Iceland averaged 0.86 percent from 1997 until 2016, reaching an all time high of 6.20 percent in the second quarter of 1998 and a record low of -8.90 percent in the first quarter of 2009.
Iceland’s Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. The economy is highly affected by fluctuations in world prices for its main exports: fish and fish products, aluminum, and ferrosilicon. 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 Growth Rate – actual values, historical data, forecast, chart, statistics, economic calendar and news. Iceland GDP Growth Rate – actual data, historical chart and calendar of releases – was last updated on March of 2017.
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- Croatia GDP Annual Growth Rate Croatia’s gross domestic product advanced 3.4 percent year-on-year in the fourth quarter of 2016, following a 2.9 percent growth in the previous period, according to preliminary estimates. It was the strongest expansion since the first quarter of 2008, boosted by household consumption (3.6 percent vs 3.4 percent in Q3) and investments (4.6 percent from 2.9 percent). Meanwhile, the growth slowed for government expenditure (1.8 percent vs 2.1 percent in Q2). The contribution of net foreign demand was negative (-0.3 percent), as exports rose 9.7 percent (6.3 percent in Q3) and imports also advanced 9.7 percent (6 percent in Q3). On...
- Tunisia GDP Annual Growth Rate
The Gross Domestic Product (GDP) in Tunisia expanded 1.10 percent in the fourth quarter of 2016 over the same quarter of the previous year. GDP Annual Growth Rate in Tunisia averaged 3.36 percent from 2001 until 2016, reaching an all time high of 7.40 percent in the first quarter of 2004 and a record low of -2.20 percent in the third quarter of 2011.
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- Iceland GDP Annual Growth Rate 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...
- Brunei Balance of Trade Brunei trade surplus decreased 41.5 percent year-on-year to BND 203.3 million in December of 2016 compared to a BND 347.7 million surplus a year earlier. Exports fell 23.7 percent, driven by lower sales of: mineral fuels (-27.7 percent), namely liquefied natural gas (-48.6 percent), and manufactured goods (-21.6 percent). Imports declined 4.5 percent due to lower purchases of: machinery and transport equipment (-11.5 percent); manufactured goods (-18.4 percent); miscellaneous manufactured articles (-7.2 percent); food (-3 percent) and crude materials inedible (-45.6 percent). Main export partners were Japan (30.6 percent of total exports); Malaysia (11.3 percent); China (11.1 percent). The highest...
- 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,...
- Slovenia GDP Annual Growth Rate The Slovenian economy expanded 2.6 percent year-on-year in the fourth quarter of 2016, compared to a downwardly revised 2.5 percent growth in the previous period. The growth was driven by household spending (4.1 percent from 2.1 percent in Q3); government expenditure (2.8 percent from 1.7 percent) and gross fixed capital formation (0.9 percent from -2.5 percent). The net trade contributed negatively (-0.8 percent), as exports rose 4.6 percent (5.6 percent in Q3) while imports increased at a faster 6.3 percent (5 percent in Q3). Quarter-on-quarter, the GDP advanced 1.2 percent. In 2016, the economy expanded 2.5 percent, following 2.3 percent...
- Denmark GDP Growth Rate
The Danish economy advanced 0.5 percent on quarter in the fourth quarter of 2016, slowing from a downwardly revised 0.6 percent expansion in the previous period and higher than preliminary estimates of 0.2 percent growth. Household consumption rebounded (1.5 percent compared to -0.5 percent in Q3); exports went up 4.7 percent (0.7 percent in Q3) and imports rose 3.6 percent (3.5 percent in Q3). Meanwhile, gross fixed capital formation increased at a slower pace (0.9 percent compared to 1.4 percent in Q3). In contrast, government spending contracted 0.7 percent (0.3 percent in Q3). Year-on-year, the economy advanced...
- Greece GDP Annual Growth Rate
Greece’s economy contracted by an annual 1.1 percent percent in the fourth quarter of 2016 versus a previous flash estimate of 0.3 percent growth, final figures showed. In 2016, the country’s GDP shrank 0.1 percent, from an initial estimate of a 0.3 percent growth rate. GDP Annual Growth Rate in Greece averaged 0.82 percent from 1996 until 2016, reaching an all time high of 6.80 percent in the fourth quarter of 2003 and a record low of -10.20 percent in the first quarter of 2011.
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- Finland GDP Annual Growth Rate The Finnish gross domestic product advanced 1.3 percent year-on-year in the fourth quarter of 2016, better than a preliminary reading of 0.2 percent, and following an upwardly revised 1.9 percent growth in the previous period, final data showed. Fixed investment was the main driver of growth (8.1 percent from 4.5 percent in Q3), while household consumption increased at a slower pace (2 percent from 2.3 percent) and government spending contracted (-1.3 percent from 0.5 percent). On a quarterly basis, the economy showed no growth, compared to an upwardly revised 0.6 percent growth in the third quarter. In 2016, the economy...
- Norway Balance of Trade
Norway recorded a trade surplus of 23.54 NOK billion in February of 2017, a surge of 80.8 percent from the same month a year earlier, as exports jumped while imports fell. Year-on-year, sales grew by 18.0 percent to 71.24 NOK billion, driven by ships and oil platforms (728.5 percent), natural gas condensates (633.8 percent), crude oil (51.9 percent) and natural gas (21.8 percent). Imports declined by 3.7 percent to 47.71 NOK billion, mainly due to a 12.1 percent fall in purchases of food and live animals, a 10.3 percent drop in purchases of beverages and tobacco and...
- 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...
- Macau Balance of Trade
Macau trade deficit increased to MOP 4.28 billion in February of 2017, compared to a MOP 4.08 billion gap in a year earlier. Exports rose by 27.24 percent to MOP 0.90 billion, driven by tobacco & wine (99.6 percent), diamond & diamond jewellry (93.6 percent), non-textiles (32.4 percent), electronic components (14.2 percent), and watches (8.5 percent). Imports increased by 9.1 percent to MOP 5.18 billion, mainly boosted by watches (50.5 percent), followed by gold jewellry (20.6 percent), handbags & wallets (18.5 percent), garment & footwear (6.3 percent), mobile phone (5.9 percent), and food & beverages (3.4 percent)....
- Malaysia Gross Fixed Capital Formation Gross Fixed Capital Formation in Malaysia decreased to 69343 MYR Million in the fourth quarter of 2016 from 69860 MYR Million in the third quarter of 2016. Gross Fixed Capital Formation in Malaysia averaged 49262.23 MYR Million from 2005 until 2016, reaching an all time high of 74501 MYR Million in the second quarter of 2016 and a record low of 27407 MYR Million in the first quarter of 2005. Export Data API Access Please Paste this Code in your Website source: tradingeconomics.com This page provides – Malaysia Gross Fixed Capital Formation – actual values, historical data, forecast, chart, statistics,...
- Israel Gross Fixed Capital Formation Gross Fixed Capital Formation in Israel increased to 58308.70 ILS Million in the fourth quarter of 2016 from 57278.10 ILS Million in the third quarter of 2016. Gross Fixed Capital Formation in Israel averaged 38994.34 ILS Million from 1995 until 2016, reaching an all time high of 58308.70 ILS Million in the fourth quarter of 2016 and a record low of 29537.60 ILS Million in the third quarter of 2004. Export Data API Access Please Paste this Code in your Website source: tradingeconomics.com This page provides – Israel Gross Fixed Capital Formation – actual values, historical data, forecast, chart, statistics,...
- Iceland Exports
Exports from Iceland decreased 26.1 percent year-on-year to ISK 31.4 billion in February 2017, dragged down by lower sales of marine products (-55.2 percent from -32.8 percent in January); manufacturing (-5.9 percent from +0.5 percent). By contrast, agricultural products rose faster (20 percent from 14.3 percent). Exports in Iceland averaged 12200.19 ISK Million from 1960 until 2017, reaching an all time high of 63354.30 ISK Million in March of 2015 and a record low of 0.78 ISK Million in January of 1960.
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- Albania Gross Fixed Capital Formation Gross Fixed Capital Formation in Albania increased to 99202.80 ALL Million in the third quarter of 2016 from 94769.80 ALL Million in the second quarter of 2016. Gross Fixed Capital Formation in Albania averaged 120892.46 ALL Million from 1996 until 2016, reaching an all time high of 374058 ALL Million in the fourth quarter of 2007 and a record low of 64259.20 ALL Million in the first quarter of 2014. Export Data API Access Please Paste this Code in your Website source: tradingeconomics.com This page provides – Albania Gross Fixed Capital Formation – actual values, historical data, forecast, chart, statistics,...
- Latvia Gross Fixed Capital Formation Gross Fixed Capital Formation in Latvia increased to 1484883 EUR Thousand in the fourth quarter of 2016 from 1189740 EUR Thousand in the third quarter of 2016. Gross Fixed Capital Formation in Latvia averaged 920738.84 EUR Thousand from 1995 until 2016, reaching an all time high of 2402435 EUR Thousand in the fourth quarter of 2007 and a record low of 95826 EUR Thousand in the first quarter of 1995. Export Data API Access Please Paste this Code in your Website source: tradingeconomics.com This page provides – Latvia Gross Fixed Capital Formation – actual values, historical data, forecast, chart, statistics,...
- Lithuania Gross Fixed Capital Formation Gross Fixed Capital Formation in Lithuania increased to 1839.60 EUR Million in the fourth quarter of 2016 from 1763.70 EUR Million in the third quarter of 2016. Gross Fixed Capital Formation in Lithuania averaged 1546.28 EUR Million from 2005 until 2016, reaching an all time high of 2197.20 EUR Million in the fourth quarter of 2007 and a record low of 697.30 EUR Million in the first quarter of 2010. Export Data API Access Please Paste this Code in your Website source: tradingeconomics.com This page provides – Lithuania Gross Fixed Capital Formation – actual values, historical data, forecast, chart, statistics,...
- Mexico Gross Fixed Capital Formation
Gross Fixed Capital Formation in Mexico increased to 3132090 MXN Million in the fourth quarter of 2016 from 3110190 MXN Million in the third quarter of 2016. Gross Fixed Capital Formation in Mexico averaged 2269669.58 MXN Million from 1993 until 2016, reaching an all time high of 3137280 MXN Million in the third quarter of 2015 and a record low of 1117300 MXN Million in the second quarter of 1995.
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- Pakistan Gross Fixed Capital Formation
Gross Fixed Capital Formation in Pakistan increased to 1647268 PKR Million in 2016 from 1558295 PKR Million in 2015. Gross Fixed Capital Formation in Pakistan averaged 1439797.18 PKR Million from 2006 until 2016, reaching an all time high of 1647268 PKR Million in 2016 and a record low of 1268315 PKR Million in 2011.
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