Economic forecast, winter 2017
The rapid growth of the Icelandic economy, which began in earnest in 2013, continues during 2017 but will slow to a moderate level in 2018–2023. The GDP is expected grow by 4.9% in 2017, 3.1% in 2018 and around 2.6% per annum during 2019–2023. Private consumption is expected to increase 7.8% in 2017, 5.3% in 2018, 3.6% in 2019 and between 2.6–3.1 yearly during 2020–2023. Investment is forecast to increase by 8.8% in 2017, but be closer to GDP growth in the remaining years. Public consumption is expected to increase 2.2% in 2017, 1.3% yearly 2018–2019 but around 1.8% per year during 2020–2023.