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Economy Iceland
Flag of Iceland Iceland
Population: 293,966 (July 2004 est.)
Capital: Reykjavik
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Tabular Data - The Icelander Economy

GDP : purchasing power parity - $8.678 billion (2003 est.)
GDP - Real Growth Rate : 2.6% (2003 est.)
GDP - Per Capita : purchasing power parity - $30,900 (2003 est.)
GDP - Composition By Sector : agriculture: 9.2% (includes fishing 12%)
industry: 26.7%
services: 64.2% (2003 est.)
Inflation Rate (Consumer Prices) : 2.1% (2003 est.)
Labor Force : 160,000 (2003)
Labor Force - By Occupation : agriculture 5.1%, fishing and fish processing 11.8%, manufacturing 12.9%, construction 10.7%, services 59.5% (1999)
Budget : revenues: $4.205 billion
expenditures: $4.405 billion, including capital expenditures of $467 million (2003)
Industries : fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism
Industrial Production Growth Rate : 8.1% (2003 est.)
Electricity - Production : 7.894 billion kWh (2001)
Electricity - Production by Source : fossil fuel: 0.1%
hydro: 82.5%
nuclear: 0%
other: 17.5% (geothermal) (2001)
Electricity - Consumption : 7.341 billion kWh (2001)
Agriculture - Products : potatoes, green vegetables, mutton, dairy products, fish
Exports : $2.379 billion f.o.b. (2003 est.)
Exports - Commodities : fish and fish products 70%, animal products, aluminum, diatomite, ferrosilicon
Exports - Partners : Germany 17.4%, UK 17.4%, Netherlands 11.2%, US 9.8%, Spain 6.3%, Denmark 5%, Norway 4.5%, France 4% (2003 est.)
Imports : $2.59 billion (2003 est.)
Imports - Commodities : machinery and equipment, petroleum products; foodstuffs, textiles
Imports - Partners : Germany 11.8%, Denmark 8%, US 7.5%, UK 7.5%, Norway 7%, Sweden 6.5%, Netherlands 6.2%, Italy 4.7% (2003 est.)
Debt - External : $2.6 billion (1999)
Currency : Icelandic krona (ISK)
Currency Code : ISK
Exchange Rates : Icelandic kronur per US dollar - 76.709 (2003), 91.6617 (2002), 97.4246 (2001), 78.6159 (2000), 72.3353 (1999)
Fiscal Year : Calendar Year

Country References
Country profile data for Iceland

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Data Source: Central Intelligence Agency 2004 World Factbook