Statistics

The Central Bank publishes statistical information on the Icelandic economy on the Statistics page of its website. Statistics are published in accordance with a predetermined schedule and are posted at 16:00 hrs. on the publication date. They can be accessed in Excel chart form and via interactive time series allowing users to select all of the statistics or only a portion of them. Detailed metadata can be found on secondary pages for the statistics category concerned. 

 

Comments and queries about the contents of the statistics pages can be made by e-mail or by phoning the Statistics Department of the Central Bank at 569 9600. 

All of the material from the Central Bank’s Statistics pages may be used free of charge, but an acknowledgement of source is kindly requested.

Statistics

The Central Bank procures, enters, and processes statistical data on the domestic credit market, the balance of payments, and the international investment position. Statistical processing is carried out based on the Act on the Central Bank of Iceland. The statistics are comparable to those from foreign countries, and they are processed in accordance with international standards on statistical reporting.

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Methodology

Central Bank statistics are processed in accordance with international methodology where available. International institutions such as the International Monetary Fund (IMF), the United Nations (UN), the Organisation for Economic Co-operation and Development (OECD), and the EU statistical bureau Eurostat have issued methodological standards for statistics. In recent years, emphasis has been placed on harmonising the terminology and classification systems used in international standards so as to enhance the comparability of statistics.

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Statistics calendar

Statistics are published at 16:00 hrs. on predetermined dates. The statistics calendar is published annually and covers a period of twelve months. The statistics calendar can be found here.

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Exhange rate

The exchange rate of the Icelandic króna is determined in the foreign exchange market, which is open between 9:15 hrs. and 16:00 hrs. on weekdays. Once a day, between 10:45 hrs. and 11:00 hrs. each morning, the Central Bank of Iceland fixes the official exchange rate of the króna against foreign currencies, for use as a reference in official agreements, court cases, and other contracts between parties that do not specify another reference exchange rate and fixes the official exchange rate index at the same time.

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