Greater Reykjavik area, which comprises cities of Reykjavik, Kópavogur and Hafnarfjörður, generates 59% of the Iceland’s GDP and comprises 64.1% of the country’s population.
Financial intermediation, real estate and business activities contributed majorly (24.8%) to the GVA in 2017, followed by mining, manufacturing and utilities (17.3%) and wholesale and retail trade (12.7%). All the three sectors are forecasted to grow by 6.1%, 6.6% and 6.55, respectively, in 2018.
- Iceland has an excellent air connectivity with other parts of the world. It takes 2.5-3 hrs to Europe and 5-7 hrs to North America on an average
- Sharp rise in tourist inflows in Iceland is putting pressures on infrastructure of the country. Number of infrastructure projects for development of roads, train, airport and social infrastructure has been envisaged by the government which creates opportunity for private players over next decade. Tender for these projects is expected within next few years (2019-2022)
- OMXIPI includes all shares listed on OMX Nordic Exchange Iceland. Declining trend of the OMXIPI index over the last one year exhibits marginal slowdown of economy.
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
Did you Know?
List of Figures
Exhibit 1: Iceland ’s Performance in Country Risk Analysis in Comparison to West European Nations and The World
Exhibit 2: Performance Overview (Score: 1-100)
Exhibit 3: Broad Categories and Weights Behind the Index
Exhibit 4: OMXIPI Stock Index
Exhibit 5: Key Sectors Contribution to The Economy
Exhibit 6: Net FDI and FDI by Origin, 2010-2016
Exhibit 7: FDI flows by Sector (US$ Mn), 2013-2016
Exhibit 8: Key Infrastructure Indicators
Exhibit 9: Real GDP and Household Consumption Growth Rate
Exhibit 10: Real GDP Growth Rate Comparison, 2017
Exhibit 11: Exports, Imports and Trade Balance
Exhibit 12: Current Account Balance
Exhibit 13: Top Three Commodity Exports, % of Total Exports, 2014-2017
Exhibit 14: Aluminum and Articles Thereof, % of World Total, 2017
Exhibit 15: Interest Rates
Exhibit 16: Exchange Rate
Exhibit 17: Public Finance
Exhibit 18: General Government Debt
Exhibit 19: Employment/Unemployment, 2013-20f
Exhibit 20: Average Annual Wages (ISK)
Exhibit 21: Labor Cost Index, 2013-20f
Exhibit 22: Rural/Urban Share in Total Population
Exhibit 23: Age-group Wise Share in Total Population
Exhibit 24: Gender-wise Share in Total Population
Exhibit 25: Number of Patents Granted Per Mn Inhabitants, 2015
Exhibit 26: Gross Domestic Expenditure on R&D by Sector (% of GDP), 2016
Exhibit 27: Internet Users % of Total Population, Mobile and Broadband Penetration Rate, 2016
Exhibit 28: Doing Business in Iceland 2018
Exhibit 29: Corruption Perception Index (Rankings) 2017
Exhibit 30: CO2 Emissions