Greater Reykjavik area generates 59% of the Iceland’s GDP. Green energy and advanced infrastructure along with lucrative government incentives create a favorable environment for the investors in Iceland. Financial and insurance services and information and communication sector exhibit a rising trend in the FDI inflows. It takes 3.5 days with five procedures to start a business in Iceland as compared to the OECD high income average of 8.3 days with 4.8 procedures as of 2017.
Macroeconomic Outlook Report of Iceland identifies the potentials of Iceland as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure
- Iceland is the fastest growing smallest economy among all OECD nations. The country’s economic prosperity has been attributed to its comparative advantage in its marine and energy resources. Apart from that, the services sector has been the engine of economic growth. The country’s real GDP grew by 7.2% over the previous year in 2016.
- Iceland’s performance in the MarketLine Country Risk Index 2017 exhibits its potential as a key investment destination for new business as well as expansion of existing business. The country exhibits low risk in terms of all risk parameters except technology and infrastructure when compared with other Nordic nations.
- 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?
Country’s Position in MLCRI (MarketLine Country Risk Index)
List of Figures
Exhibit 1: OMXIPI Stock Index
Exhibit 2: Key Sectors Contribution to the Economy
Exhibit 3: Overall FDI and FDI by Origin, 2010-2015
Exhibit 4: FDI by Type and Sector, 2010-2015
Exhibit 5: Key Infrastructure indicators
Exhibit 6: Iceland’s Performance in Global Risk Analysis in Comparison to Nordic Nations, and the World
Exhibit 7: Performance Overview (Score: 1-100)
Exhibit 8: Real GDP and Household Consumption Growth Rate
Exhibit 9: Real GDP Growth Comparison
Exhibit 10: Exports, Imports and Trade Balance
Exhibit 11: Current Account Balance
Exhibit 12: Top Three Commodity Exports, % of Total Exports, 2012-2016
Exhibit 13: Total Fish And Crustaceans, Mollusks and Other Aquatic Invertebrates Exports, % of World Total, 2016
Exhibit 14: Interest Rates
Exhibit 15: Exchange Rate
Exhibit 16: Public Finance
Exhibit 17: General Government Debt
Exhibit 18: Employment/Unemployment, 2012-19f
Exhibit 19: Labor Cost Index
Exhibit 20: Mean Disposable Income (ISK)
Exhibit 21: Age-Group Wise Share in Total Population
Exhibit 22: Rural/Urban Share in Total Population
Exhibit 23: Gender-Wise Share in Total Population
Exhibit 24: Number of Patents Granted per mn Inhabitants, 2015
Exhibit 25: Business R&D Expenditure (% of Total R&D Expenditure)
Exhibit 26: Internet Users % of Total Population, Mobile Penetration Rate and 4G Mobile Broadband Coverage, 2016
Exhibit 27: Doing Business in Iceland
Exhibit 28: Corruption Perception Index (Rankings) 2016
Exhibit 29: Greenhouse Gas Emissions