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Iceland Binary Options Resources

IcelandWe have information packed market data guides on every single country in Western Europe, and they will often provide a valuable source of information when you are deciding just which companies based in many different countries of the world on which to place Binary Options related trades.

In this guide we are going to be taking a look at Iceland, and below are all of the relevant facts and figures relating to this small but never the less important member of Europe.

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National Bank

The Central Bank of Iceland website is where you will find plenty of information in regards to the regulation of all banking institutions that are licensed to operate in Iceland. Recent ratings given for Government Bonds in Iceland are as follows: Standard & Poor’s: BBB-, Moody’s rating: Baa3 and the Moody’s outlook is listed as being: STA.

There are many countries in Western Euros that have adopted the Euro as their currency, however Iceland is not one such country and their currency is the Icelandic króna.

Iceland International Financial Reserves

Based on the latest set of figures released Iceland has International Reserves of US$ 17 billion.

Real GDP Growth in Iceland

Based on the last batch of finalised reports in the last 12 years Iceland had 2 year of negative real GDP growth which was in 2009 and 2010, when the real GDP growth for Iceland was reported as being -6.6% and 4.1% respectively.

The figures for real GDP growth since 2003 to 2014 are as follows: 2003 2.4%, 2004 7.7%, 2005 7.2%, 2006 4.7%, 2007 6.0%, 2008 1.2%, 2009 -6.6%, 2010 -4.1%, 2011 2.7%, 2012 1.5%, 2013 3.3%, 2014 2.9%.

Iceland GDP as a Percentage of Composition by each Market Sector

The following three market sectors and their respective figures are the percentage of composition on each of those market sectors of GDP of Iceland.

The Agriculture market sector makes up 5.9% of GDP in Iceland, whilst the Industry market sector makes up 22.9% of the total GDP in Iceland and the Services market sector is responsible for 71.2% of total GDP in Iceland.

Inflation and Unemployment in Iceland

The rate of inflation in Iceland over the last five years has been reported as being as follows: 2011 4.0%, 2012 % and in 2013 5.2% in 2014 3.9% and to date in 2015 the rate of inflation is 3.3%. Unemployment in Iceland again over the same five year period has been reported as being 2011 7.4%, 2012 5.8%, 2013 4.4%, 2014 4.0%, and so far in 2015 3.3%.

Where to Place Binary Options Trades on Companies Based in Iceland

Iceland has had a very bad time of it recently what with their very well publicised banking sector crisis, however there will always be trading opportunities available on many of the different companies operating from or trading in Iceland and should you wish to find a Broker offering such trading opportunities one Broker that does come very highly recommended is Porter Finance and they offer a bonus which is worth up to $200 for new traders and profits on trades placed there can be as high as 83%.