Inflation rate (consumer prices): 1.3% (1994 est.)
Unemployment rate: 7% (1994 est.)
Budget:
revenues: $1.9 billion
expenditures: $2.1 billion, including capital expenditures of $NA
(1994 est.)
Exports: $1.4 billion (f.o.b., 1993)
commodities: fish and fish products, animal products, aluminum,
ferrosilicon, diatomite
partners: EC 68% (UK 25%, Germany 12%), US 11%, Japan 8% (1992)
Imports: $1.3 billion (c.i.f., 1993) commodities: machinery and transportation equipment, petroleum products, foodstuffs, textiles partners: EC 53% (Germany 14%, Denmark 10%, UK 9%), Norway 14%, US 9% (1992)
External debt: $2.5 billion (1993 est.)
Industrial production: growth rate 1.75% (1991 est.)
Electricity: capacity: 1,070,000 kW production: 4.7 billion kWh consumption per capita: 16,458 kWh (1993)
Industries: fish processing, aluminum smelting, ferro-silicon production, geothermal power
Agriculture: accounts for about 15% of GDP; fishing is most important economic activity, contributing nearly 75% to export earnings; principal crops - potatoes, turnips; livestock - cattle, sheep; fish catch of about 1.1 million metric tons in 1992