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Global Aging 2010: Iceland Feb 11
Standard & Poors, February 2011
Iceland (foreign currency BBB-/Negative/A-3; local currency BBB/Negative/A-3) currently has one of the highest population growth rates in Europe, but it is projected to decelerate in the next few decades, which would result in a higher old-age dependency ratio. We expect total age-related public expenditures as a percent of GDP in Iceland to increase by over 10 percentage points to a moderate 26% of GDP by the end of 2050. However, if government doesn't any undertake reforms, our projections also show that net debt as a percentage of GDP will reach 211% of GDP by then. In our view, streamlining the health care system would have the most impact on the old-age-related expenditure and on public finances in the coming decades....
Companies mentioned in this report are: Iceland (Republic of)
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Iceland (Republic of)