The abover chart represents the inflation in Iceland throughout the last 12 months. The red fields symbolize price hikes. The green ones is when the price goes down.
What do the different sizes of the boxes mean? The inflation index is calculated using sort of an weighted average of different products. Thus, small increase in price of gas counts more than a similar increase in price of say, canned tomatoes. Thus, the greater the weight of the category/product, the larger box it gets in the chart.
The red field for Gas&Oil represents about 20% increase. If you are interested in the original data it can be found here:
It is a duty of every inhabitant of Iceland to travel the ring road every once in a while. If you are not planning to do that during your next visit, you are excused, as long as you watch this cute little video. http://youtu.be/EIoHikUTt4c Map data CCBYSA 2011 OpenStreetMap.org contributors.
The following video shows the net immigration/emigration in/out of Iceland for the past 50 years. I was made using Processing and data from the Statistical Office of Iceland (hagstofa.is). http://www.youtube.com/watch?v=hp29RxQhJO8&feature=player_profilepage Large circles = Many people. Small circles = Fewer people. Blue circles = Icelanders. Red circles = Foreigners. The Pie-Chart at the center symbolizes the entire population, with the red part of the cake symbolizing the foreign nationals at each point in time. One can see the steady flow into the country in the years before 2008 and then a large net flow out of it in the past two years.
Yesterday (see here) we looked at the domestic migration in Iceland in 2010. The above image also includes the international migrations. We are using one point for the people moving in and another one for those moving out (for purely aesthetic reasons). The data comes, as before, from Hagstofa.is. The underlying image comes from Wikimedia Commons (User: NordNordWest CC-BY-SA). A fun fact, we have to shrink the arrows a bit from yesterday in other for the picture to be readable. Here’s how it would look otherwise: It is of course interesting to see how those large immigration and emigration arrows divide into different countries and regions of the world. More on that soon!
The above picture shows the domestic migration in Iceland in 2010. Movements of fewer than 100 people have been omitted. Click on the picture for a larger resolution. The data comes from the Statistical Office of Iceland. In my next post, I will show the external migration using the same scale.
The above Picture shows the relative expenditures of Icelandic homes in 2009. Those interested int the source can find it here: https://hagstofa.is/lisalib/getfile.aspx?ItemID=11976. Some clarifications. ALC stands for both alcohol and tobacco. The LEISURE box include dining and hotel costs. HOUSING includes electricity and heating. A visualisation of a more detailed breakdown of this data is on its way in the next couple of days.
There has been an interesting discussion in Iceland in the past days about our National Currency, the Icelandic Krona. This has to do with a recent claim, e.g. by the Nobel prize winner Krugman, that the post-crunch super-devaluation of the krona has in fact helped us keeping the unemployment levels lower than in countries like Ireland. Of course this comes at a price. The Krona has essentially been “protected” by different types of currency restrictions for most of its lifespan. This is not exactly a healthy environment for businesses to flourish. As this fine article by Þórlindur Kjartansson (in Icelandic) points out, the Krona has lost 99.95% of its value with respect to the Danish Krona since the two separated. Keeping Danish cash in your drawer amounts to 11% interest rate a year in Icelandic Kroner. Here’s a short history of the Icelandic Krona for the past 30 years.
The data comes from the Central Bank of Iceland. See: http://www.sedlabanki.is/?PageID=37 Now here’s a small applet showing the collapse of the Krona through the years: [processing file=”http://pabamapa.com/wp-content/uploads/2011/11/movingISKchart3.jar” width=”500″ height=”400″] [Click on the applet window to reset the graphics.]