Icelandic Economic Weekly: 7 June 2022

Gross domestic product (GDP) increased by 8.6% in the first quarter of 2022 compared with the same period last year.
7 June 2022 - Landsbankinn

Last week’s highlights

The week ahead

  • On Wednesday, the CBI publishes the real effective exchange rate based on prices in May.
  • On Thursday, Government Debt Management will publish market information.
  • On Friday, the Icelandic Tourist Board publishes departures from Keflavík International Airport for May.

Markets and Economic Overview

Icelandic Economic Weekly: 7 June 2022 (PDF)

You may also be interested in
New temp image
4 July 2022

Icelandic Economic Weekly: 4 July 2022

The inflation rate, measuring 8.8% in June, has doubled in a year to reach its highest level since October 2009, when it was 9.7%.
New temp image
27 June 2022

Icelandic Economic Weekly: 27 June 2022

The MPC raised the policy rate by 1 percentage point last week. The CBI’s key interest rate (seven-day term deposits) is now 4.75%, the highest in 5 years.
New temp image
20 June 2022

Icelandic Economic Weekly: 20 June 2022

Total turnover of domestic payment cards increased by 16,5% YoY in May, at constant prices.
New temp image
13 June 2022

Icelandic Economic Weekly: 13 June 2022

Around 112,000 foreign passengers departed Iceland via Keflavík Airport in May.
New temp image
30 May 2022

Icelandic Economic Weekly: 30 May 2022

Since January 2020, rental prices have risen by only 6.5% while the purchase price of apartments has risen by 38.1% over the same period, according to data from Registers Iceland.
New temp image
23 May 2022

Icelandic Economic Weekly: 23 May 2022

Landsbankinn Economic Research published its macroeconomic and inflation forecast for 2022-2024, titled “Growth in the Shadow of Inflation”.
19 May 2022

Growth in the shadow of inflation

A great many things have changed since Landsbankinn Economic Research published its last macroeconomic and inflation forecast in October last year. The Covid-19 pandemic, with all its restrictions on consumption and daily life, has subsided and people are again free to travel. Icelandic consumption patterns in the past few months have shown clear signs of increased overseas travel and the stream of travellers to Iceland is also increasing. In general, the outlook can be described as bright. We forecast 5.1% economic growth this year, upping our forecast somewhat from last year, and expect growth to be driven by an increase in tourist numbers, a total of 1.5 million this year. Travellers to Iceland numbered 690,000 in 2021.
New temp image
16 May 2022

Icelandic Economic Weekly: 16 May 2022

Registered unemployment was 4.5% in April, compared to 4.9% in March.
New temp image
9 May 2022

Icelandic Economic Weekly: 9 May 2022

The MPC raised the policy rate by 1 percentage point last week. The CBI’s key interest rate (seven-day term deposits) is now 3.75%.
New temp image
2 May 2022

Icelandic Economic Weekly: 2 May 2022

The CPI rose by 1.25% month-on-month in April, bringing the inflation rate to 7.2% compared to 6.7% in March.
Cookies

By clicking "Allow All", you agree to the use of cookies to enhance website functionality, analyse website usage and assist with marketing.

More on cookies