Country Report Iceland July 1998 Main report

Quarterly indicators of economic activity.

Quarterly indicators of economic activity 1996 1 Qtr 2 Qtr 3 Qtr 4 Qtr Prices: Reykjavik Monthly av Consumer prices: 1990=100 120.8 121.7 122.6 123.1 change year on year % 1.8 2.6 2.5 2.3 Money End-Qtr M1, seasonally adj: Ikr m 37,582 38,756 39,225 40,345 change year on year % 10.5 10.5 8.3 8.4 Foreign trade Qtrly totals Exports fob Ikr m 32,423 30,509 28,708 34,051 Imports cif " 29,641 34,013 34,128 38,215 Exchange holdings End-Qtr Central Bank: gold(b) $ m 14.7 14.3 14.1 14.0 foreign exchange " 322.8 298.7 328.8 438.6 Exchange rate Market rate Ikr:$ 66.21 67.12 67.27 66.89 1997 1 Qtr 2 Qtr 3 Qtr 4 Qtr Prices: Reykjavik Monthly av Consumer prices: 1990=100 123.0 123.9 124.6 125.3 change year on year % 1.8 1.8 1.6 1.8 Money End-Qtr M1, seasonally adj: Ikr m 41,845 42,908 43,976 48,028 change year on year % 11.3 10.7 12.1 19.0 Foreign trade Qtrly totals Exports fob Ikr m 33,099 32,214 31,079 34,822 Imports cif " 30,415 37,189 36,503 39,120 Exchange holdings End-Qtr Central Bank: gold(b) $ m 12.9 12.6 11.9 11.3 foreign exchange " 349.4 465.5 409.9 369.5 Exchange rate Market rate Ikr:$ 70.90 70.59 71.26 72.18 1998 1 Qtr 2 Qtr Prices: Reykjavik Monthly av Consumer prices: 1990=100 125.7 126.3(a) change year on year % 2.2 n/a Money End-Qtr M1, seasonally adj: Ikr m n/a n/a change year on year % n/a n/a Foreign trade Qtrly totals Exports fob Ikr m 28,896 n/a Imports cif " 43,274 n/a Exchange holdings End-Qtr Central Bank: gold(b) $ m 10.8 11.3© foreign exchange " 357.1 379.8© Exchange rate Market rate Ikr:$ 72.54 71.55(d) Note. Annual figures of most of the series shown above will be found in the Country Profile. (a) Average for April-May. (b) End-quarter holdings at quarter's average of London daily price less 25%. © End-April. (d) End-May. Sources: IMF, International Financial Statistics; Hagstofa Islands, Hagtidindi.

© 1998 The Economist lntelligence Unit Ltd. All rights reserved
Whilst every effort has been taken to verify the accuracy of this information, The Economist lntelligence Unit Ltd. cannot accept any responsibility or liability for reliance by any person on this information
IMPRINT