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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

Weekly bulletin - 02 June 2020 10:03 AM

Icelandic Economic Weekly: Tuesday 2 June 2020

The Icelandic economy contracted by 1.2% year-on-year in Q1. The CPI based on prices in May increased by 0.54% MoM, bringing the headline number to 2.6%. The trade balance and the current account balance were both slightly positive in Q1. The Treasury issued bonds in euros.


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Forsíða - 28 May 2020 04:41 PM

Landsbankinn lowers interest rates

Landsbankinn has recently established itself as the financial undertaking that offers the most competitive lending rates in Iceland. Since the Central Bank of Iceland embarked on the current rate-cutting programme, Landsbankinn has generally lowered lending rates more than deposit rates.


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Forsíða - 27 May 2020 12:10 PM

Bolungarvík outlet merges into Ísafjörður branch

Landsbankinn’s outlet in Bolungarvík will merge into the Ísafjörður branch on 1 July.


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