1 November 2021 - Landsbankinn
The three major commercial banks released financial results for the first nine months of 2021 last week.
Last week’s highlights
- The CPI based on prices mid-October increased by 0.59% between months, bringing the inflation rate to 4.5%. Less housing costs, the inflation rate is 3.0%.
- Arion Bank, Íslandsbanki and Landsbankinn released financial results for the first nine months of 2021.
The week ahead
- On Thursday, Statistics Iceland will publish the results of its labour force survey for Q3.
Markets and Economic Overview
You may also be interested in
2 Dec. 2025
Monthly newsletter of current economic affairs in Iceland.
4 Nov. 2025
Monthly newsletter of current economic affairs in Iceland.
22 Oct. 2025
The Icelandic economy will grow at a slow pace in coming years, according to a new economic forecast from Landsbankinn Economic Research. Gross domestic product (GDP) contracted by 1.0% last year, largely due to a negative contribution from foreign trade, but this year the outlook is for 1,5% growth in GDP. Strong private consumption and increased exports appear to have vitalised the economy this year; however, various forces are restraining growth and will continue to cool the system in the years ahead.
1 Oct. 2025
Monthly newsletter of current economic affairs in Iceland.
1 Sept. 2025
Monthly newsletter of current economic affairs in Iceland.
1 August 2025
Monthly newsletter of current economic affairs in Iceland.
9 April 2025
Landsbankinn Economic Research forecasts 1.4% economic growth this year and 2.1% next year. The economy has cooled down following a robust period of growth in the years after the pandemic and we now anticipate a slow start.