• Statistical Series
• 04. July 2014
• Vol 99, Issue 24
• ISSN: 1670-4665



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Iceland‘s GDP is predicted to grow by 3.1% during 2014, 3.4% in 2015 and 2.8%-2.9% per annum for the remainder of the forecast period. Disposable income has been increasing due to wage growth and strengthening of the labour market. Private consumption growth is predicted gain steam in 2014 and 2015 and reach 3.9 and 3.7% respectively. For 2016 through 2018 private consumption is forecast to increase yearly by nearly 3%.