Macro-economic Data

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A. Demography and Macroeconomy

A.1 Population
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Total population.33 million.33 million.32 million
WDI
A.1.1
Urban population (% of total)94.14% of total94.04% of total93.94% of total
WDI
A.1.4
Urban population growth (annual %)1.15%1.22%1.05%
WDI
A.1.5
A.2 Economy
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
GDP, current prices (U.S. dollars)16,718 USD (millions)17,159 USD (millions)15,462 USD (millions)
WEO
A.2.1
GDP based on PPP valuation of country GDP (Current international dollar)15,154 USD (millions)14,433 USD (millions)13,928 USD (millions)
WEO
A.2.2
GDP per capita, current prices (U.S. dollars)50,854.58 USD 52,688.85 USD 48,040.03 USD
WEO
A.2.3
GDP based on PPP per capita GDP (Current international dollar)46,096.99 USD 44,317.48 USD 43,273.4 USD
WEO
A.2.4
GDP, constant prices (Percent change)3.96%1.95%4.39%
WEO
A.2.5
Inflation, end of period consumer prices (Percent change)1.94%.83%4.14%
WEO
A.2.6
GDP, deflator (Index)156.14162.43156.14
WEO
A.2.7
Consumer price index117.85115.96113.64
WDI
A.2.8
GINI Index  26.94
WDI
A.2.9
Growth in urban household income (%/year)A.2.13
Employment (% of total laborforce)A.2.14
Interest Rates:A.2.15
Central bank lending/discount rate7.5%6.25%7%
IFS
A.2.15.1
Yield on 3 months treasury bills5.93%6.03%6.19%
IFS
A.2.15.2
Yield on 10-year Government bond2.66%3.2%2.55%
IFS
A.2.15.3
Average bank deposit rate  4.85%
IFS
A.2.15.4
Lending rate7.61%7.74%8.15%
IFS
A.2.15.5
B. Housing Market
B.1 Housing Stock: Production, Transactions
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Number of dwelling units:B.1.1
Total .13 million.13 million
Hypostat
B.1.1.1
Characteristics of housing stock:B.1.3
Tenure in urban areas (%):B.1.4
Owner-occupied units77.8% of total78.2% of total77.5% of total
Eurostat
B.1.4.1
% of owner units with a mortgage62.8% of total62.3% of total62.9% of total
Eurostat
B.1.4.2
Private rental units11.1% of total12.3% of total12.1% of total
Eurostat
B.1.4.3
Estimated Number of units completed/yearB.1.5
Formal sector/registered1,120 units1,149 units934 unitsB.1.5.1
Number of recorded urban housing transactions/year1006783167433B.1.6
B.2 Housing Prices and Cost for Urban Areas or Capital City
VariableEnd of 2015End of 2014End of 2013SourcesVar ID
Median urban house price in USD:B.2.1
Median house price to median annual HH income:B.2.2
Annual average % change in median house prices:B.2.3
Yearly Rate8.2%8.4%5.8%B.2.3.1
M2 construction cost for median quality houseB.2.4


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Notes: Although being wound down by the Icelandic government on a 30 year track--the HFF still holds a majority of the country's housing debt. The HFF is independently funded, i.e. it issues general corporate bonds on the open market to fund lending.
Notes: Although being wound down by the Icelandic government on a 30 year track--the HFF still holds a majority of the country's housing debt. The HFF is independently funded, i.e. it issues general corporate bonds on the open market to fund lending.
Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
Notes: Figure is the national percentage. Data drawn from Population by Tenure Status table (ilc_lvho02)
Notes: Housing Finance Fund lacks data for their mortgages outstanding in 2013. The balance was thus calculated as the average of the outstanding balances in 2012 and 2014.
Notes: Important to note that there are significant changes being implemented by Icelandic government to get rid of HFF on a incremental basis over the next 30 years. They plan to continue servicing their debt obligations but to wind down mortgage lending.
Notes: Important to note that there are significant changes being implemented by Icelandic government to get rid of HFF on a incremental basis over the next 30 years. They plan to continue servicing their debt obligations but to wind down mortgage lending.
Notes: Important to note that there are significant changes being implemented by Icelandic government to get rid of HFF on a incremental basis over the next 30 years. They plan to continue servicing their debt obligations but to wind down mortgage lending.
Notes: Important to note that there are significant changes being implemented by Icelandic government to get rid of HFF on a incremental basis over the next 30 years. They plan to continue servicing their debt obligations but to wind down mortgage lending.
Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
Notes: Urban population refers to people living in urban areas as defined by national statistical offices. It is calculated using World Bank population estimates and urban ratios from the United Nations World Urbanization Prospects. World Bank’s World Development Indicators (WDI); rounded to the nearest tenth of one percent. In general, there is a lag of at least one year on this value in the WDI, but preliminary estimates are often available earlier.
Notes: Values found are based on HFF, which currently issues large majority of mortgage loans in Iceland.
Notes: Values found are based on HFF, which currently issues large majority of mortgage loans in Iceland.
Notes: Values found are based on HFF, which currently issues large majority of mortgage loans in Iceland.