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Iceland

Central bank term deposit rate · ISO:IS

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Forecast availableTarget · 31 Oct 2026Issued · 15 Sep 2026, 02:54 UTCRESEARCH ONLY
CapitalReykjavik
RegionEurope & Central Asia
Income groupHigh income
CurrencyIcelandic króna
GDP$38.58B2025 · current US$
Real GDP growth1.28%2025 · annual %
Population392.4K2025 · people
GDP per capita$98,323.482025 · current US$

Latest available annual observations; years differ by indicator. Monetary values use the stated current-price basis and are not forecasts. World Bank data fetched 2026-09-15.

Economic structure

2025 · share of GDP

Broad sectors use the latest common year. Manufacturing is included in industry. Shares can total less than 100% because of taxes and accounting adjustments.

Iceland's largest reported broad sector is services in 2025.

Monetary & research context

Policy authorityISO:IS
Policy frameworkunverified rate framework
Native targetpolicy benchmark rate
Decision evidence0
Calendar evidence0
Communication records0

Evidence counts include research inputs; they do not establish live coverage or independent observations. A country's economic composition is descriptive and does not establish what caused a model forecast.

Country events & results ↗

Explore annual trends

Real GDP growth

1.28% · 2025 · annual %

Real GDP growth · annual %-6.65%1.11%8.86%2014: 1.91381613095174 annual %2015: 3.76859020213645 annual %2016: 6.21808764670307 annual %2017: 3.48506704155555 annual %2018: 4.66077036232377 annual %2019: 1.13821227336888 annual %2020: -6.64587810456635 annual %2021: 5.18057190719905 annual %2022: 8.85729897856851 annual %2023: 5.0322597376242 annual %2024: -1.2828764442695 annual %2025: 1.27946207863934 annual %20142025
View annual observations
YearValue (annual %)
20251.279
2024-1.283
20235.032
20228.857
20215.181
2020-6.646
20191.138
20184.661
20173.485
20166.218
20153.769
20141.914
World Bank source & definition ↗

Economy

GDP$38.58B2025 · current US$Source & definition ↗
Real GDP growth1.28%2025 · annual %Source & definition ↗
GDP per capita$98,323.482025 · current US$Source & definition ↗
GDP at purchasing power parityInt$ 32.74B2025 · current international $Source & definition ↗

People

Population392.4K2025 · peopleSource & definition ↗
Population growth1.51%2025 · annual %Source & definition ↗
Urban population94.22%2025 · % of populationSource & definition ↗
Life expectancy82.812024 · yearsSource & definition ↗
Unemployment · ILO estimate3.63%2025 · % of labor forceSource & definition ↗
Labor force participation · ages 15+74.93%2025 · % of population ages 15+Source & definition ↗

Sectors

Agriculture, forestry & fishing3.65%2025 · % of GDPSource & definition ↗
Industry including construction20.06%2025 · % of GDPSource & definition ↗
Services66.23%2025 · % of GDPSource & definition ↗
Manufacturing8.53%2025 · % of GDPSource & definition ↗

Trade & investment

Exports of goods & services40.11%2025 · % of GDPSource & definition ↗
Imports of goods & services42.37%2025 · % of GDPSource & definition ↗
Current account balance-3.48%2025 · % of GDPSource & definition ↗
Foreign direct investment · net inflows-0.52%2025 · % of GDPSource & definition ↗

Money & public finance

Consumer inflation4.09%2025 · annual %Source & definition ↗
Central government debt80.09%2023 · % of GDPSource & definition ↗
Tax revenue23.16%2023 · % of GDPSource & definition ↗
Government cash surplus / deficitNot available% of GDP
Domestic credit to private sector89.24%2025 · % of GDPSource & definition ↗
Total reserves including gold$7.73B2025 · current US$Source & definition ↗

Infrastructure

Internet use98.21%2024 · % of populationSource & definition ↗
Access to electricity100.00%2024 · % of populationSource & definition ↗

Geography

Surface area103,0002023 · square kmSource & definition ↗

Government debt covers central government, which can differ substantially from general-government debt. Indicator definitions, estimation methods and coverage differ. Latest available does not mean current-year: older observations remain explicitly dated. Source: World Bank WDI and its underlying contributors.

i

Every forecast has a boundary.This is a dated research snapshot, not an automatically updating market feed. Source gaps, model limitations, and adverse results are retained.

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