+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)
New

Iceland In-depth PESTLE Insights

  • PDF Icon

    Country Profile

  • 79 Pages
  • June 2025
  • Region: Iceland
  • MarketLine
  • ID: 5230074
This PESTLE country analysis report on Iceland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.

Synopsis

  • Understand the political system in Iceland through analysis of key figures in the country and governance indicators.
  • Understand the economic situation in Iceland through a balanced assessment of core macroeconomic issues.
  • Understand customer demographics in Iceland through analysis of income distribution and the rural-urban split, as well as healthcare and education.
  • Understand the technological landscape in Iceland through analysis of relevant laws and policies, as well as patents data.
  • Understand the legal landscape in Iceland through analysis of the judicial system as well as performance of the legal indicators
  • Understand the environmental landscape in Iceland through analysis of the environmental regulations and the performance of the environmental indicators

Scope

  • The political landscape section discusses the evolution of the political scenario in Iceland, as well as the country's economic, social, foreign, and defense policies. The section also discusses the country's performance according to World Bank Governance Indicators.
  • The economic landscape section outlines the evolution of Iceland 's economy, as well as the country's performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment."
  • The social landscape section analyzes the government's social welfare policies, as well as the country's performance in terms of healthcare, income distribution, and education.
  • The technology landscape section examines Iceland's advancements and policies in technology innovation, including developments in information technology, telecommunications, research and development (R&D) investments, digital infrastructure, and cybersecurity measures.
  • The legal landscape section explores Iceland's legal system evolution, including legislative reforms, judicial independence, and adherence to the rule of law. It also addresses the country's legal environment for business, contract enforcement, intellectual property protection, and transparency in legal proceedings, along with any significant legal challenges or controversies.
  • The environmental landscape section evaluates Iceland's environmental policies and performance concerning climate change mitigation, renewable energy adoption, pollution control measures, conservation efforts, and sustainable development initiatives.

Reasons to Buy

  • What is the outlook in Iceland in terms of political stability, policies towards business, and the popularity of the government?
  • How does Iceland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
  • How does Iceland perform in terms of healthcare, income distribution, and education?
  • How does Iceland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?
  • How does Iceland maintain a robust legal framework that protects property rights and fosters a conducive business environment?
  • How does Iceland prioritize sustainability with green initiatives, renewable energy promotion, and international collaboration on environmental challenges?

Table of Contents

  • Overview
  • Catalyst
  • Summary
  • Key findings
  • PESTLE highlights
  • Key macroeconomic updates
  • Key economic updates
  • Key fundamentals
  • Impact of US tariff on the Icelandic economy
  • Key facts and geographical location
  • Key facts
  • Geographic location
  • PESTLE Analysis
  • Summary
  • Political analysis
  • Overview
  • Current strengths
  • Current challenges
  • Future prospects
  • Future risks
  • Economic Analysis
  • Overview
  • Current strengths
  • Current challenges
  • Growing trade deficit
  • Future prospects
  • Future risks
  • Social analysis
  • Overview
  • Current strengths
  • Current challenges
  • Future Prospects
  • Future risks
  • Technological analysis
  • Overview
  • Current strengths
  • Current challenges
  • Future prospects
  • Future risks
  • Legal analysis
  • Overview
  • Current strengths
  • Current challenges
  • Future prospects
  • Future risks
  • Environmental analysis
  • Overview
  • Current strengths
  • Current challenges
  • Future prospects
  • Future risks
  • Political Landscape
  • Summary
  • Evolution
  • Evolution
  • Structure and policies
  • Key political figures
  • Structure of government
  • Legislative branch
  • Judicial branch
  • Provincial governments
  • Key political parties
  • Composition of government
  • Key policies
  • Performance
  • Governance indicators
  • Outlook
  • Economic Landscape
  • Summary
  • Evolution
  • Structure and policies
  • Financial system overview
  • Stock exchange
  • Performance
  • GDP and growth rate
  • GDP composition by sector
  • Agriculture
  • Industry
  • Services
  • Fiscal situation
  • Current account
  • Foreign trade
  • International investment position
  • Monetary situation: key monetary indicators
  • Interest rate
  • Employment
  • Outlook
  • Social Landscape
  • Summary
  • Evolution
  • Structure and policies
  • Demographic composition
  • Age and gender composition
  • Religious composition
  • Education
  • Healthcare
  • Social welfare
  • Performance
  • Healthcare
  • Outlook
  • Technological Landscape
  • Summary
  • Evolution
  • Structure and policies
  • Intellectual property
  • Research and development
  • Performance
  • Opportunity sectors
  • Outlook
  • Legal Landscape
  • Summary
  • Evolution
  • Structure and policies
  • Supreme Court
  • District courts
  • Tax regulations
  • Performance
  • Outlook
  • Environmental Landscape
  • Summary
  • Evolution
  • Structure and policies
  • Environmental regulations
  • Natural resources management and pollution reduction
  • Environmental impact
  • Outlook
  • About the Publisher
  • Contact the Publisher
List of Tables
Table 1: Key fundamentals, 2022-29f
Table 2: Key Facts, 2025
Table 3: Analysis of Political Landscape
Table 4: Analysis of Economic Landscape
Table 5: Analysis of Social Landscape
Table 6: Analysis of Technological Landscape
Table 7: Analysis of Legal Landscape
Table 8: Analysis of Environmental Landscape
Table 9: Population by Gender (% of Total Population), 2024
Table 10: Patents granted by the USPTO, 2019-23

List of Figures
Figure 1: Key Economic Indicators Trend
Figure 2: Map of Iceland, 2025
Figure 3: Regulatory Quality (Percentile Rank, 0-100), 2023
Figure 4: Employment Rate (%), Q4 2024
Figure 5: Iceland - Female Labor Participation Rate (%), 2024
Figure 6: Tax Wedge (% of Labor Cost), 2024
Figure 7: Iceland - FDI Restrictiveness Index, 2023
Figure 8: Share of Energy from Renewable Sources (%), 2023
Figure 9: Timeline of Key Political Events
Figure 10: Key Political Figures
Figure 11: Distribution of Seats by Party in the Parliament, November 2024
Figure 12: Iceland - GDP growth (%), 2014-24
Figure 13: Iceland - FME’s organizational chart
Figure 14: Iceland - ICEXI Index, June 2024-June 2025
Figure 15: Iceland - Real GDP and Real GDP Growth Rate ($ billion/%), 2020-29f
Figure 16: Iceland - Sector-specific GDP (%), 2024
Figure 17: Iceland - Agricultural Output (ISK billion/%), 2020-25f
Figure 18: Iceland - Industry Output (ISK billion/%), 2020-25f
Figure 19: Iceland - Services Output (ISK billion/%), 2020-25f
Figure 20: Iceland - Growth in Volume of Exports and Imports (%), 2020-29f
Figure 21: Iceland - Consumer Price Index and CPI-based Inflation (Index/%), 2020-29f
Figure 22: Iceland - Unemployment Rate (%), 2020-29f
Figure 23: Iceland - Major Religions (%), 2024
Figure 24: Iceland - Total Government Healthcare Expenditure ($ Billion/% of GDP), 2020-24
Figure 25: Iceland - Public Expenditure on Education ($ Billion/% of GDP), 2020-24
Figure 26: Iceland - Internet Users (000’s/% of Total Population), 2020-25f
Figure 27: Iceland - Carbon Dioxide Emissions (Million Tonnes/%), 2013-23