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Data from FMP. Forecasts by Sigmanomics Forecast Engine.
IcelandIceland GDP Growth Rate QoQ climbed to 3.7% in Q1 2026
FMPQuarterlyReleased May 2026
Iceland GDP Growth Rate QoQ climbed to 3.7% in Q1 2026, released May 2026, up 4.5% from December's -0.8% reading. The print exceeded the 0.5% consensus by 3.2%. The print is running well above the 12-month average of -0.36%. GDP Growth Rate QoQ is now the highest in 30 months.
Latest Release
3.7
Actual
0.5
Consensus
-0.8
Previous
Median Absolute Error
±2 percentage points
across last 11 releases
Last Call
May 2026
Predicted: 0.5
Actual: 3.7
Error: -3.2
Sigmacast Σ-direction model: consensus + ½ × mean(surprise, trailing 90d).
CORRELATED SYMBOLS— markets that historically move with this indicator
| Symbol | Direction | Correlation | Asset Class | Signal Bias | Action |
|---|---|---|---|---|---|
| EUR/USD | ▲ Direct | +0.30 | FOREX | Watch | → View |
| USD/JPY | ▼ Inverse | −0.30 | FOREX | Watch | → View |
| XAU/USD | ▲ Direct | +0.30 | COMMODITIES | Watch | → View |
| S&P 500 | ▲ Direct | +0.30 | INDEX | Watch | → View |
| BTC/USD | ▲ Direct | +0.30 | CRYPTO | Watch | → View |
Correlation based on 12-month rolling window. Click any symbol to view its Sigmanomics forecast page.
THE RELEASE
GDP Growth Rate QoQ (Iceland) was reported at 3.7% in May 2026. This beat the market consensus of 0.5% by 3.2%. The reading rose from the previous value of -0.8%. Trailing 12-month context per ETL data through May 2026.
WHY IT MATTERS
The trailing three releases averaged 0.9%, up from the prior three at 0.2%. In May readings over the past 3 years, GDP Growth Rate QoQ has averaged 1.83%.
THE MODEL'S TAKE
Historically, this indicator is positively correlated with BTC/USD (Watch). A secondary relationship exists with USD/JPY, negatively correlated (Watch). Over the last 11 releases, the Sigmacast model's median absolute error is 2%.
Auto-generated from current model state · Refreshes on each release · Last update May 2026.
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GDP Growth Rate QoQ - IS
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About GDP Growth Rate QoQ — Iceland
DEFINITION
The GDP Growth Rate QoQ (Quarter over Quarter) is a key economic indicator that measures the percentage change in a country's gross domestic product from one quarter to the next. It provides valuable insight into the overall health and growth of the economy, and is closely monitored by investors, policymakers, and businesses to make informed decisions. A positive GDP Growth Rate QoQ indicates a growing economy, while a negative rate suggests a decline. This indicator is an important tool for assessing the current state and predicting future trends of a country's economy.
WHY THIS INDICATOR MATTERS
Aggregate growth figures anchor cyclical positioning across asset classes and inform fiscal and monetary policy debate. The release is more useful as part of a longer-run signal than as a single-print catalyst. Released quarterly.
WHAT CHANGED THIS MONTH
Latest reading (Jan 2026): actual 3.7 %, consensus 0.5 %. Prior reading (Oct 2025): -0.8 %. Before that (Jul 2025): -0.2 %.
WHAT'S NEXT
Sigmacast's 1-month forecast points to a materially higher reading versus the latest print, with the 3-month outlook reinforcing that direction. Both horizons are aligned bullish for this indicator, suggesting a consistent trend signal. Trend-driven dynamics are the primary tailwind in the current projection.