Converter Iceland Krona (exchange rate ISK)

Iceland Krona

• iso 4217: ISK
• Iceland (Europe)

Iceland Interest Rate

The benchmark interest rate in Iceland was last reported at 5.5 percent. In Iceland, interest rates decisions are taken by the board of Governors of the Central Bank of Iceland (Seðlabanki Íslands). The main interest rate is the nominal rate. From 1998 until 2010, Iceland's average interest rate was 10.66 percent reaching an historical high of 18.00 percent in October of 2008 and a record low of 5.16 percent in February of 2003. This page includes: Iceland Interest Rate chart, historical data and news.

source: Central Bank of Iceland

Iceland Unemployment Rate

The unemployment rate in Iceland was last reported at 7.1 in March of 2012. From 2001 until 2010, Iceland's Unemployment Rate averaged 3.03 percent reaching an historical high of 9.30 percent in February of 2010 and a record low of 0.80 percent in September of 2007. The labour force is defined as the number of people employed plus the number unemployed but seeking work. The nonlabour force includes those who are not looking for work, those who are institutionalized and those serving in the military. This page includes: Iceland Unemployment Rate chart, historical data and news.

source: Iceland Directorate of Labour

Iceland Inflation Rate

The inflation rate in Iceland was last reported at 6.4 percent in April of 2012. From 1989 until 2010, the average inflation rate in Iceland was 5.88 percent reaching an historical high of 25.20 percent in December of 1989 and a record low of -0.06 percent in November of 1994. Inflation rate refers to a general rise in prices measured against a standard level of purchasing power. The most well known measures of Inflation are the CPI which measures consumer prices, and the GDP deflator, which measures inflation in the whole of the domestic economy. This page includes: Iceland Inflation Rate chart, historical data and news.

source: Statistics Iceland

Iceland Current Account

Iceland reported a current account deficit equivalent to 48.9 Billions ISK in the fourth quarter of 2011. Iceland's economy is highly export-driven. Iceland’s main exports are fish and fish products, aluminum and alloys and animal products. Iceland’s main imports are machinery and equipment, petroleum products, foodstuffs and textiles. European Union is by far its largest trading partner, accounting for about 75% of exports and 60% of imports. Other major trading partners are The United States and Japan. This page includes: Iceland Current Account chart, historical data and news.

source: Central Bank of Iceland

Iceland Balance of Trade

Iceland reported a trade surplus equivalent to 5361 Millions ISK in March of 2012. Iceland's economy is highly export-driven. Iceland’s main exports are fish and fish products, aluminum and alloys and animal products. Iceland’s main imports are machinery and equipment, petroleum products, foodstuffs and textiles. European Union is by far its largest trading partner, accounting for about 75% of exports and 60% of imports. Other major trading partners are The United States and Japan. This page includes: Iceland Balance of Trade chart, historical data and news.

source: Statistics Iceland

Iceland Imports

Iceland imports were worth 49252 Millions ISK in March of 2012. Iceland’s main imports are machinery and equipment, petroleum products, foodstuffs and textiles. Iceland’s major import partners are European Union members (Sweden, Denmark, UK), United States and China. This page includes: Iceland Imports chart, historical data and news.

source: Statistics Iceland

Iceland Exports

Iceland exports were worth 54613 Millions ISK in March of 2012. Iceland's economy is highly export-driven. Iceland’s main exports are fish and fish products 40%, aluminum and alloys 40% and animal products. Fishing industry provides 70% of export income. Iceland’s main export partners are Euro Area, United Kingdom and United States. This page includes: Iceland Exports chart, historical data and news.

source: Statistics Iceland

Iceland GDP Annual Growth Rate

The Gross Domestic Product (GDP) in Iceland expanded 2.7 percent in the fourth quarter of 2011 over the same quarter, previous year. Unlike the commonly used quarterly GDP growth rate the annual GDP growth rate takes into account a full year of economic activity, thus avoiding the need to make any type of seasonal adjustment. Historically, from 1998 until 2011, Iceland's average annual GDP Growth was 2.94 percent reaching an historical high of 12.40 percent in March of 1999 and a record low of -9.00 percent in September of 2009. This page includes: Iceland GDP Annual Growth Rate chart, historical data, forecasts and news. Data is also available for Iceland GDP Quarterly Growth Rate, which measures growth over the previous quarter.

source: Statistics Iceland

Iceland GDP Growth Rate

The Gross Domestic Product (GDP) in Iceland expanded 1.9 percent in the fourth quarter of 2011 over the previous quarter. Historically, from 1997 until 2011, Iceland's average quarterly GDP Growth was 0.74 percent reaching an historical high of 7.90 percent in March of 2004 and a record low of -4.80 percent in March of 2002. Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. The economy depends heavily on the fishing industry, which provides 40% of export earnings and employs 5% of the work force. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism. This page includes: Iceland GDP Growth Rate chart, historical data, forecasts and news. Data is also available for Iceland GDP Annual Growth Rate, which measures growth over a full economic year.

source: Statistics Iceland

Iceland GDP per capita

The GDP per capita in Iceland was last reported at 34010 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita in Iceland standed at 35304 US dollars in December of 2009. The GDP per capita in Iceland is obtained by dividing the country’s gross domestic product, adjusted by inflation, by the total population. Historically, from 1960 until 2010, Iceland's average GDP Per Capita was 23312.22 dollars reaching an historical high of 38185.33 dollars in December of 2007 and a record low of 9908.21 dollars in December of 1961. This page includes a chart with historical data for Iceland's GDP Per Capita.

source: World Bank

Iceland GDP per capita PPP

The GDP per capita, adjusted by purchasing power parity, in Iceland was last reported at 34895 US dollars in December of 2010, according to the World Bank. Previously, the GDP per capita PPP in Iceland standed at 36791 US dollars in December of 2009. The GDP per capita PPP in Iceland is obtained by dividing the country’s gross domestic product, adjusted by purchasing power parity, by the total population. Historically, from 1980 until 2010, Iceland's average GDP per capita PPP was 25044.20 dollars reaching an historical high of 39375.45 dollars in December of 2008 and a record low of 12002.43 dollars in December of 1980. This page includes a chart with historical data for Iceland's GDP per capita PPP.

source: World Bank

Iceland Population

The total population in Iceland was last reported at 0.3 million people in 2010 from 0.2 million in 1960, changing 78 percent during the last 50 years. Iceland has 0.00 percent of the world´s total population which means that one person in every 21598 people on the planet is a resident of Iceland. This page includes a chart with historical data for Iceland's Total Population.

source: World Bank

Iceland Government Debt To GDP

The Government Debt in Iceland was last reported at 87.8 percent of the country´s GDP. From 1980 until 2009, Iceland's average Government Debt to GDP was 41.19 percent reaching an historical high of 87.80 percent in December of 2009 and a record low of 23.00 percent in December of 1981. Generally, Government debt as a percent of GDP is used by investors to measure Iceland's ability to make future payments on its debt, thus affecting Iceland's borrowing costs and government bond yields. This page includes a chart with historical data for Iceland's General Government Gross Debt as a percent of GDP.

source: Eurostat

Iceland Government Budget

Iceland reported a government budget deficit equivalent to 9.10 percent of the Gross Domestic Product (GDP) in 2009. Government Budget is an itemized accounting of the payments received by government (taxes and other fees) and the payments made by government (purchases and transfer payments). A budget deficit occurs when an government spends more money than it takes in. The opposite of a budget deficit is a budget surplus. This page includes: Iceland Government Budget chart, historical data and news.

source: Eurostat

Iceland GDP

Iceland Gross Domestic Product is worth 13 billion dollars or 0.02% of the world economy, according to the World Bank. Historically, from 1960 until 2010, Iceland's average Gross Domestic Product was 5.39 billion dollars reaching an historical high of 20.43 billion dollars in December of 2007 and a record low of 0.25 billion dollars in December of 1960. Iceland's Scandinavian-type social-market economy combines a capitalist structure and free-market principles with an extensive welfare system, including generous housing subsidies. Prior to the 2008 crisis, Iceland had achieved high growth, low unemployment, and a remarkably even distribution of income. The economy depends heavily on the fishing industry, which provides 40% of export earnings and employs 5% of the work force. Iceland's economy has been diversifying into manufacturing and service industries in the last decade, with new developments in software production, biotechnology, and tourism. This page includes: Iceland Gross Domestic Product (GDP) chart, historical data, forecasts and news.

source: The World Bank Group

datas from tradingeconomics.com

21 May 2012 ► Converter Iceland Krona ► Free online currency conversion based on exchange rates. Currency converter