Pages

58 pages

Released

July 3rd, 2017

Update frequency

On a semi-annual basis

Format

PDF, Horizontal, Screen friendly

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Charting Economy team

Charting Economy™ team consists of editors, analysts, and researchers. For any questions and comments about this report, you can contact the chief editor directly at editor@chartingeconomy.com.

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TABLE OF CONTENT


Comprehensive View On The Economy

 

1.      Economic structure

Part of the country’s economic profile, economic structure section gives readers useful views to understand what matters for Iceland’s economy.

KEY QUESTIONS ADDRESSED

  • What is the size of the Iceland’s economy in relation to world’s major economies?
  • What is the size of Iceland’s population?
  • What is the demographic structure of Iceland? Is it favorable for economic growth?
  • How has the structure of Iceland’s GDP changed over the years?
  • How much does the Iceland’s economy rely on external trade?
  • What are the key regions for Iceland’s economy?

2.      Competitiveness

Part of the country’s economic profile, this section explores Iceland’s competitiveness in the global level. It also covers the country’s attractiveness to foreign direct investment.

KEY QUESTIONS ADDRESSED

  • Which stage of economic development is the Iceland’s economy in?
  • How has the labor productivity in Iceland changed over the years and in relation with comparable countries?
  • How competitive is Iceland?
  • How are Iceland’s competitive factors compared to those of other countries?
  • Is it easy to do business in Iceland?
  • How good is Iceland in attracting Foreign Direct Investment?
  • What are most problematic factors in doing business in Iceland?

3.      Economic development

Part of the country’s economic profile, this section explores Iceland’s economic development, average income and its distribution, poverty as well as other development indicators.

KEY QUESTIONS ADDRESSED

  • What is the level of income for an average person in Iceland?
  • Is unemployment the issue for Iceland?
  • How is income distributed in Iceland and how does it compare to others?
  • What is the current level of human development in Iceland?
  • How has quality of life in Iceland changed over the years?

4.      Economic growth

Part of the country’s economic outlook, this section explores Iceland’s recent economic growth, its key drivers and well as the growth outlook for the coming years.

KEY QUESTIONS ADDRESSED

  • What has been the growth rate of Iceland’s economy over the past 10 years and how does it compare with others?
  • What were the key growth drivers for the Iceland’s economy in the last year?
  • What were the source of growth for Iceland’s economy in the last 5 quarters?
  • What is the growth outlook for Iceland’s economy over the next 3 years and how does it compare with others?
  • How has the growth outlook for Iceland changed over the past few months?

5.      Economic stability (Macro risks)

Part of the country’s economic outlook, this section explores Iceland’s macro-economic risks, including inflation, financial sector, budget deficit as well as balance of payment and exchange rate.

KEY QUESTIONS ADDRESSED

  • What is the risk of inflation in Iceland and how does it compare with others?
  • How healthy is the Iceland’s banking sector?
  • What has been the return of the stock markets and how does it compare with others?
  • What is the fiscal risk in Iceland?
  • Does the government have enough money to invest or continue to subsidize certain program? What is the likelihood of raising tax?
  • What is the balance of payment risk for Iceland?
  • How good is the country in getting foreign exchange by the mean of commerce?
  • What is the FX risk? How has the ISK performed compared to other currencies?

Appendix 1: Key Economic Projections 2016-2022

From IMF’s World Economic Outlook Report April 2017.

  • GDP growth
  • Inflation
  • Population
  • Unemployment rate
  • Government budget and debt
  • Current account

Appendix 2: DOING BUSINESS 2017

Detailed rankings and scores for Iceland and comparable economies.

  • Starting a business
  • Dealing with construction permits
  • Getting electricity
  • Registering property
  • Getting credit
  • Protecting Minority Investors
  • Paying taxes
  • Trading across borders
  • Enforcing contracts
  • Resolving Insolvency