News and announcements

07 Dec
07 Dec 2023

Inhabitants in Iceland projected to be 611 thousand in 2074

The population of Iceland is projected to grow from 388 (registered population 1 January 2023) to an estimated value between 518 and 760 thousand in the next 50 years, with 90% probability, according to Statistics Iceland’s population projection. The most likely population value in 2074 is 611 thousand and Iceland could reach 500 thousand people in about 20 years time.

07 Dec
07 Dec 2023

General Government deficit 3% of GDP in the third quarter of 2023

In the third quarter of 2023, the financial balance of the general government (i.e. the central government, the social security funds and the local governments) is estimated at 32.3 billion ISK in deficit or amounting to 3% of quarterly GDP. Overall, general government revenues are estimated to have increased by 9.8% compared with last year’s corresponding quarter.

07 Dec
07 Dec 2023

Trade deficit of 28.8 billion ISK in November

The value of exported goods from Iceland amounted to 82 billion ISK fob in November 2023 and the value of imported goods 110.8 billion ISK cif (104.8 billion ISK fob) according to preliminary figures. Thus, there was a trade deficit, calculated on fob/cif value, of 28.8 billion ISK as compared with a trade deficit of 38.2 billion ISK in November 2022 at current rates of exchange.

06 Dec
06 Dec 2023

Total revenue in the business economy increased by 1,100 billion ISK in 2022

Total revenue in the business economy excluding financial and insurance activities was approximately 6,298 billion ISK in 2022 compared with 5,215 billion ISK in 2021. This 21% increase as measured by each year’s price level was the most since 2006 when revenue grew by 24% year-over-year and well beyond inflation which was 8.3% in 2022.

Key figures

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Consumer price index in and inflation index in Fetching consumer price index and inflation index...

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Building cost index (reference month, December 2021=100) in Fetching building cost index...

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Population 1 January Fetching population...

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Inflation in , 12 month change CPI Fetching inflation, 12 month change CPI...

Graphs

Release calendar

  • 08 December 2023 Alcohol consumption 2021 and 2022
  • 08 December 2023 Total wage index - 3rd quarter 2023
  • 11 December 2023 Short term indicators in December 2023
  • 13 December 2023 Travel Survey 2021-2022
  • 14 December 2023 Quarterly non-financial accounts for the household sector - 3rd quarter 2023
  • 15 December 2023 Fish catch in November 2023
  • 15 December 2023 European price comparison - Update 2022
  • 18 December 2023 Census 2021 - Housing
  • 19 December 2023 Insolvencies and prior activity of enterprises in November 2023