News and announcements

18 Sep
18 Sep 2018

Decrease in sales of cars

The total turnover of enterprises in activities that are subject to VAT, excluding the pharmaceutical industry, amounted to 4,375 billion ISK in the twelve month period of July 2017 to June 2018, which is an increase of 7.7% compared with the preceding twelve months.

14 Sep
14 Sep 2018

Total catch in August less than last year

The overall catch of Icelandic vessels in August was 104,5 thousand tonnes, a 13% decrease from August 2017. Demersal catch was just over 37 thousand tonnes and decreased by 2 thousand tonnes (18%) compared with August last year.

13 Sep
13 Sep 2018

Every other employee had monthly earnings between 500 and 800 thousand ISK in 2017

Mean total earnings for full-time employees were 706 thousand ISK in the year 2017. The median was 618 thousand ISK and thus half of employees received total earnings below that amount. The difference between the mean and the median is mainly due to the fact that collective agreements set minimum wage rates but no maximum wages.

07 Sep
07 Sep 2018

Economic growth was 4% in year 2017

The revised annual national accounts for 2017 show a 4% increase in Gross Domestic Product (GDP) in real terms, compared to 3.6% shown in preliminary annual national accounts published earlier this year. The economic growth in 2017 is mainly driven by a 7% increase in the gross domestic final expenditure.

News archive

Key figures

455.7

Consumer price index in august and inflation index in october 2018

663.4

Wage index in july 2018

140.2

Building cost index in october 2018

201.1

Producer price index in july 2018

Indices overview

348,450

Population 1 January 2018

4.0%

Economic growth 2017

2.5%

Unemployment in july

2.6%

Inflation in august, 12 month change CPI

Graphs

Created with Highcharts 3.0.7Export chartImmigration of foreign citizensMalesFemales200320052007200920112013201520170K2.5K5K7.5K10K
Created with Highcharts 3.0.7Export chartGDP growth %200720092011201320152017-10-5051015
Created with Highcharts 3.0.7Export chartUnemploymentAnnual average %MalesFemales200320052007200920112013201520170246810
Created with Highcharts 3.0.7Export chartConsumer price index in DecemberAnnualized rates, 12 month %2003200520072009201120132015201705101520

Release calendar

  • Building cost index for October 2018 19 September 2018
  • Monthly wages index in August 2018 21 September 2018
  • Real wages index in August 2018 21 September 2018
  • Index of pension scheme commitments for public servants in August 2018 21 September 2018
  • Breakdown of the monthly wage index in June 2018 21 September 2018
  • Index for mortgage payment adjustment in October 2018 21 September 2018
  • Rental cars by registration in September 24 September 2018
  • Passengers through Keflavik airport in August 24 September 2018
  • New registrations and insolvencies of limited liability companies in August 2018 25 September 2018