country-detail

Iceland

About

Iceland, a Nordic island nation in the North Atlantic, is known for its stunning natural beauty, including geysers, hot springs, waterfalls, glaciers, and volcanic landscapes. Iceland has a highly developed economy and is classified as a high-income country by the World Bank. The economy is diversified, with major sectors including tourism, fisheries, renewable energy, and information technology. Tourism is a significant contributor to Iceland's economy, accounting for a considerable portion of the GDP and employing a significant portion of the population.
Iceland also hosts a thriving business community, particularly in renewable energy, sustainable technologies, and marine research. Businesses are actively engaged in harnessing Iceland's abundant natural resources for sustainable development.

Why Iceland?

Strong and growing tourism industry

Abundant renewable energy resources

Technologically advanced and innovative sectors

Well-developed fisheries industry

MARKET PROFILE

370 THOUSAND

Population

US$19.8 BILLION

GDP (2018)

US$74,000.0

GDP per capita

3.2%

GDP growth (annual %)

51

Ease of doing business index

9

Start-up procedures to register a business

99.0

Political Stability and Absence of Violence / Terrorism: Percentile Rank