Island BIP Veränderung zum Vorjahr

Iceland’s economy shrank by 0.5% year-on-year in the third quarter of 2024, following a revised 0.2% growth in the previous period. Net external demand contributed negatively to the GDP as exports (-2.2% vs -2.1% in Q2) fell much faster than imports (-0.7% vs 2.9%). Additionally, fixed investments rose at a slower pace (2.3% vs 5.1%), dragged by lower investment in the business sector (-0.2% vs 7.4%). On the other hand, household consumption rebounded (0.8% vs -0.5%) and government spending increased (3.1% vs 2.8%). On a seasonally adjusted quarterly basis, GDP fell by 1.1% in the September quarter, after a revised 1.5% expansion in the prior quarter.