þjóðhagsstigi
Þjóðhagsstigi refers to the national economy as a whole in Icelandic economic discourse. It denotes the analyses, planning and policy decisions that affect the overall performance of the economy rather than issues at the firm, household or regional level. It is the macroeconomic level that considers how output, prices and activity evolve over time and how public finances and monetary conditions interact with the external sector.
Key indicators at þjóðhagsstigi include gross domestic product (GDP) and its growth rate, inflation, unemployment, productivity
Institutions such as government ministries, the Central Bank of Iceland, and Statistics Iceland (Hagstofa Íslands) collect
Limitations include the fact that macro aggregates can mask distributional effects and regional disparities; data are