11.08.2017 | Publications

The Icelandic Economy: 2017 edition

The Icelandic economy has undergone drastic changes since the financial crisis in 2008. The report provides an overview of the current state of the economy, recent developments, and future prospects. A coverage of the recent changes in the housing and labour markets has been added to this latest edition. Lastly, the third section reflects on future scenarios, longer term growth prospects and the so-called four focus lenses which the Chamber will operate under in the coming years.

Click here to view the report (in PDF format)

The report is split into three sections. The first part details the current economic landscape in Iceland, both for the domestic economy and external trade. The second part covers recent developments and notable events in Iceland‘s political, economic and business environment. Lastly, the third part outlines Iceland‘s future prospects with regards to recent developments, the economy‘s external obligations and long-term growth prospects.

The following topics are covered in the report:

  • Iceland‘s ranking in terms of GDP, economic growth and various competitiveness indicators
  • Labour market developements since the financial crisis
  • Public and private debt levels and the post-crisis deleveraging phase
  • Monetary policy, inflation and exchange rate developments since the financial crisis
  • International trade in relation to external debt and exports composition
  • Policy changes made by the new government, including EU negotiation developments
  • The effects of the capital controls on households, firms and pension funds
  • Major ongoing and prospective investment projects
  • The banking system, access to credit and asset market developments
  • Iceland‘s long-term growth prospects

Click here to view the report (in PDF format)

The Iceland Chamber of Commerce has since October 2008 regularly published reports in English with overview of the Icelandic economy. The report is sent to 2,200 recipients in business, governmental administration and other organisations around the world, but is also freely available to everyone on the Chamber‘s website.

Additionally the Chamber publishes a presentation to accompany the report. View the presentation here

To receive materials regarding the presentation and future editions of the report please subscribe to the Chamber's mailing list.

The Chamber also offers a presentation visit to companies and interested parties upon request via kristrun@vi.is.