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Macro note: 1.7% GDP growth in Q1

In real terms, the economy grew by 1.7% YOY in Q1. Domestic demand decreased by 2.8%, exports increased by 2.6% and imports decreased by 8.1%. The contribution of net foreign trade to GDP growth was positive by 4.4%. The current account surplus was ISK 35.1bn (1.2% of GDP) in Q1 2019 compared to an ISK 6.7bn (0.2% of GDP) surplus in Q1 2018. The increase was mainly due to exports of old fishing vessels and airplanes (WOW air sold 4 jets to Air Canada in January). The surplus excluding ships and airplanes was ISK 12.5bn (0.4% of GDP).

Macro note: 1.7% GDP growth in Q1

News and Notifications - 15 July 2019 11:00 AM

Landsbankinn Chosen Best Bank in Iceland

The international financial magazine Euromoney has selected Landsbankinn as the best bank in Iceland. Each year Euromoney designates the best banks around the world, granting them recognition with its Award for Excellence. In the selection, various factors are considered in banks' operations and policies, such as the results of their regular operations, cost optimisation and service offerings.


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Weekly bulletin - 22 July 2019 09:52 AM

Icelandic Economic Weekly: Monday 22 July 2019

The Icelandic Tourist Board published its monthly Tourism in figures report. The housing price index for the capital region increased 0.2% MoM in June, bringing the YoY increase to 3.2%.


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Weekly bulletin - 15 July 2019 10:00 AM

Icelandic Economic Weekly: Monday 15 July 2019

The CBI released the minutes from the last meeting of the MPC. The real exchange rate of the Icelandic krona was 10.2% lower in June than in June 2018. The Government Debt Management Agency published its monthly Market Information report.


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