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Macro note: 4.6% GDP growth last year

Statistics Iceland released preliminary figures for the national accounts in 2018 on 1 March and revised numbers for 2015 to 2017.

In real terms, the economy grew by 4.6% in 2018. Domestic demand increased by 4.1%, exports by 1.6% and imports by 0.1%. Net foreign trade contribution to GDP growth was 0.7%. 2018 is the eighth consecutive year of economic expansion, following a contraction in 2009 and 2010. The main drivers of growth have been export of services, investment and private consumption.

Macro note: 4.6% GDP growth last year

News and Notifications - 14 May 2019 08:58 AM

Pay with your phone in May and receive 1000 Aukakrónur reward

Now everyone can pay with their phone. Landsbankinn customers who pay with their phone or watch with Aukakrónur partners between 13-31 May 2019 will receive a 1000 Aukakrónur reward from Landsbankinn.


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Weekly bulletin - 13 May 2019 08:40 AM

Icelandic Economic Weekly: Monday 13 May 2019

The number of foreign passenger departures from Iceland through Keflavík International Airport decreased by 18.5% year-on-year in April, April being the first full month after WOW air ceased operations.


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News and Notifications - 08 May 2019 07:54 AM

Landsbankinn offers customers access to Apple Pay

Landsbankinn card holders can now link their payment cards to Apple Pay, which is an easy, secure and private way to pay. With Apple Pay on iPhone, Apple Watch, iPad and Mac, customers can make fast and convenient purchases in stores, in apps and on websites.


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