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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 - 10 December 2019 10:40 AM

Landsbankinn commits to the FX Global Code

Landsbankinn has signed a Statement of Commitment to the FX Global Code, a set of principles of good practice for foreign exchange. The Code is intended to foster trust, fairness and appropriate transparency in the FX market.


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Weekly bulletin - 09 December 2019 10:08 AM

Icelandic Economic Weekly: Monday 9 December 2019

The CBI published the balance of payments and net external position for Q3. The ISK appreciated somewhat in November.


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Economic Forecast - 06 December 2019 01:37 PM

Overview of the Icelandic FX market

The ISK appreciated somewhat in November. At the end of the month, the euro stood at ISK 133.6, compared with 138.0 at the end of October. Turnover in the interbank foreign exchange market increased slightly MoM in November.


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