Retail Sales in Iceland

Iceland Retail Sales | Economic News & Forecasts

Iceland - Retail Sales

The economy appears to have taken a hit in the first quarter, reflecting a poor performance in the key sectors of fishing and tourism. The total fish catch nosedived through the quarter as vessels failed to find any capelin, one of the industry’s primary exports by volume. Turning to tourism, data shows a slight decline in overnight stays in January and February, while March traffic data for the island’s main airport corroborates a slowdown in the sector in the quarter. Moreover, the tourism sector’s woes will likely be amplified, in Q2 and beyond, by the recent collapse of low-cost airline WOW Air on 28 March. The Central Bank said the collapse will likely dent economic growth noticeably, though it does not pose a serious risk to financial stability.

Iceland - Retail Sales Data

2013  2014  2015  2016  2017  
Retail Sales (annual variation in %)2.0  6.6  11.0  12.3  9.1  

Sample Report

5 years of economic forecasts for more than 30 economic indicators.

Download

Iceland Facts

ValueChangeDate
Bond Yield4.25-0.99 %May 13
Exchange Rate122.8-0.52 %May 13
Stock Market1,477-0.32 %May 13

Sample Report

Get a sample report showing our regional, country and commodities data and analysis.

Download

Request a Trial

Start working with the reports used by the world’s major financial institutions, multinational enterprises & government agencies now. Click on the button below to get started.

Sign Up

Economic News

    Search form