According to the latest data updated on 29 February 2024, Iceland's Gross Domestic Product (GDP) showed signs of recovery in the fourth quarter of 2023. The country's GDP had previously experienced a decline, reaching -3.8% in the third quarter of the same year. However, in the fourth quarter, Iceland's GDP rebounded, registering a growth of 0.9%.
The comparison period used for this assessment was Quarter-over-Quarter, which means the current quarter's change was compared to the previous quarter. This positive shift indicates a potential turnaround in Iceland's economic performance. Investors and analysts will be keeping a close watch on future GDP data to assess the stability and growth of Iceland's economy in the coming quarters.
