The value of exported goods in BOP in the third quarter of 2020 was estimated 154 billion ISK and the value of imported goods 187.9 billion ISK. Hence, a deficit in the balance of trade in goods in BOP was estimated 33.9 billion ISK.
The value of exported goods from Iceland amounted to 61.4 billion ISK fob in October 2020 and the value of imported goods amounted to 68.6 billion ISK fob (74.2 billion ISK cif). Thus, there was a trade deficit, calculated on fob value, of 7.1 billion ISK.
Based on unadjusted measures from the Icelandic Labour Force Survey, the number of 16-74 year olds active on the labour market was estimated to be 199,300 in October 2020, which is equivalent to an activity rate of 78.3%.
There were 41 corporate insolvencies registered in October 2020. Thereof, 31 were for companies that were active in the previous year. The number of employees in previous year for insolvencies registered in tourism in October tripled from the previous year, whereas it decreased by 46% for other sectors combined.
