Iceland Economy

The Icelandic economy, with a population of 325 thousand (est. 2014), ranks 142 in the world with a GDP PPP of $13.2 Billion and GDP PPP per capita of $41,000 vs. $53,101 (United States) according to the IMF in 2013. Its national currency is the Icelandic króna (ISK) that is issued by Central Bank of Iceland (http://www.sedlabanki.is). The local banks of Iceland like international banks provide products for savings including savings account and deposit accounts in local Krona currency as well as foreign currency accounts and as Index-linked deposit accounts. Inflation estimates in the country by the CIA.gov website indicates its inflation rate was 3.9% in 2013 and 5.2% in 2012.