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Country profile

ICELAND (ICE)

Iceland flag

Iceland map

Continent Arctic Region
Coordinates 65 00 N, 18 00 W
Government Constitutional republic
Capital Reykjavik
Location Northern Europe, island between the Greenland Sea and the North Atlantic Ocean, northwest of the UK
Climate Temperate; moderated by North Atlantic Current; mild, windy winters; damp, cool summers
Total area 103 ths sq.km.
Population 299 ths p.
Median age 34.2 yrs.
Life expectancy 80.3 yrs.
Languages Icelandic, English, Nordic languages, German widely spoken

more by... Geographical data  |  Demographic statistics

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Development statistics

Statistic parameter Data period Value Rate of change (year/year) Last period rate of change Index from 01/2000
Economy development
Gross domestic product (GDP)
current prices bil USD Q1-08 4.5 +5.8% -0.1% 191.6%
constant prices bil USD Q1-08 3.1 +1.1% -3.7% 130.9%
Production of total industry (IP) ind 2000          
Retail trade ind 2000          
Standardised unemployment rate percent          
Price indexes
Consumer prices (all items, CPI) ind 2000 Jul-08 155.4% +13.1% +0.6% 155.4%
food ind 2000 Jul-08 133.0% +18.6% +2.2% 133.0%
energy  ind 2000 Jul-08 171.5% +30.1% +2.0% 171.5%
other items ind 2000 Jul-08 159.7% +11.4% +0.6% 159.7%
Consumer prices - Services less housing  ind 2000 Jul-08 149.9% +7.6% +0.5% 149.9%
Consumer prices - Housing  ind 2000 Jul-08 228.6% +14.6% +1.2% 228.6%
Harmonised CPI ind 2000 Jun-08 144.1% +12.5% +1.1% 144.1%
Producer prices (total, PPI) ind 2000          
manufacturing products ind 2000          
Share Prices ind 2000 Jul-08 241.0% -52.5% -7.0% 241.0%
Interantional trade
Exports in goods bil USD Jun-08 0.5 +62.8% -20.1% 318.8%
Imports in goods bil USD Jun-08 0.5 +2.1% -30.5% 225.0%
Net trade in goods bil USD Jun-08 0.0      
Current Account bil USD Q1-08 -0.9      
Financial markets - monetary markets
Narrow money ind 2000 Jun-08 580.3% +38.0% -1.2% 580.3%
Broad Money ind 2000 Jun-08 475.3% +43.0% +3.0% 475.3%
Reserve assets bil SDR Jun-08 1.5 +2.4% -0.4% 491.0%
Financial markets - currency - Krona (Iceland)
Currency exchange rates per USD Jul-08 79.55 -28.5% -0.3% 99.2%
Interest rates
    immediate percent Jul-08 15.8%
    short-term percent Feb-08 19.0%
    long-term percent Jul-08 10.7%
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