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- Macro note

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 - 21 August 2019 10:29 AM

Changes to tariff for Priority Pass

The fee for visiting Priority Pass airport lounges will increase from ISK 2900 to ISK 3900 as of 21. October 2019. At the same time, a fee of ISK 1900 will be charged on the re-issuance of Priority Pass cards.


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Weekly bulletin - 19 August 2019 09:45 AM

Icelandic Economic Weekly: Monday 19 August 2019

Registered unemployment was 3.4% in June. Arion Research published an updated economic forecast.


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Weekly bulletin - 12 August 2019 10:10 AM

Icelandic Economic Weekly: Monday 12 August 2019

Some 231,000 foreign visitors travelled through Keflavík International Airport in July, a YOY decrease of 17.0%. The Icelandic króna appreciated in the second half of July. The Government Debt Management Agency published its monthly Market Information report.


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