Lewes, DE -- (SBWire) -- 01/09/2018 --As per International Monetary Fund (IMF) Iceland's nominal gross domestic product is expected to grow at a CAGR of 6.81% from it's 2015 level of ISK 2214.09 billion and reach ISK 3512.30 billion by 2022.
Iceland is a Nordic island country marking the juncture between the North Atlantic and Arctic Oceans, on the Mid-Atlantic Ridge. The capital and largest city is Reykjavík, with the surrounding areas in the southwestern region of the country being home to two-thirds of the country's population. Reykjavík is the most northern capital in the world. Iceland is volcanically and geologically active. Iceland is warmed by the Gulf Stream and has a temperate climate despite a high latitude just outside the Arctic Circle.
Iceland had estimated population of 0.336 million in the year 2016 and expected to reach 0.36 million by 2022. Iceland's around 0.191 million was employed in 2016 and the unemployment rate was 3.008% of total labor force.
Iceland's real gross domestic product (GDP) was around ISK 1348.11 billions in 2016 whereas the nominal GDP was ISK 2421.96 billions. This resulted in GDP deflator 179.656. Per capita GDP was estimated at USD 59629.05 whereas purchasing power parity (PPP) based per capita GDP was estimated to be at USD 49135.58.
In 2016, Iceland government's revenue was ISK 1412.57 billions whereas the expenditure was ISK 1138.42 billions. This resulted Iceland government's net lending / borrowing at ISK 274.153 billion in 2016 indicating that enough financial resources were made available by the government to boost economic growth.
The current account balance for Iceland was estimated to be at USD 1.602 billions for the year 2016 and is expected to grow at a CAGR of 8.05% and reach USD 1.578 by 2022. This positive current account balance indicates the Iceland is net lender to the whole world.
Scope of the Iceland PESTEL Analysis, SWOT Analysis and Risk Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Iceland.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Iceland.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Iceland.
- These reports provide risk analysis for Iceland.
For more information and to purchase Iceland PESTEL Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/iceland-pestel-analysis-market-research-report
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For more information and to purchase Iceland Risk Analysis Market Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/iceland-risk-analysis-market-research-report
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