Economic forecast, Winter 2018

  • Statistical Series
  • 02. November 2018
  • Vol 103, Issue 27
  • ISSN: 1670-4770

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Revised numbers from the national accounts estimate that Iceland‘s GDP grew by 4% last year, an increase from the previous 3.6% preliminary estimate. The outlook for the year 2018 has changed from the one presented in June with GDP expected to grow by 3.8%, but expectations about the following years are similar to the ones presented in June with growth around 2.6% per annum during 2019-2024. Growth will mostly be driven by private consumption.

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