Iceland Economy  

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ICELAND- Economy
GDP (2006): $11.4 billion.
GDP growth rate (2003): 3%; (est. 2004): 3.5%
Per capita GDP (2006): $38,100.
Inflation rate (2006): 6.8%.
Budget (2004): $4 billion.
Annual budget surplus (est. 2004): 3.2% of GDP.
Net public debt (est. 2003): 24.6% of GDP.
Foreign aid as part of 2003 budget: 0.17% of GDP.

Budget: Income ............... $1.9 Billion
Expenditure .... $2.1 Billion

Main Crops:
potatoes, turnips; cattle, sheep; fish

Natural Resources: fish, hydropower, geothermal power, diatomite

Major Industries: fish processing; aluminum smelting, ferrosilicon production, geothermal power; tourism

NATIONAL GNP