Iceland: In-depth PEST Insights

Iceland: In-depth PEST Insights


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.


  • 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
  • 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.
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?

1.1. Catalyst
1.2. Summary
1.2.1. Key findings
1.2.2. PESTLE highlights
1.2.3. Key fundamentals
2.1. Key facts
2.2. Geographical location
3.1. Summary
3.2. Political analysis
3.2.1. Overview
3.2.2. Current strengths
3.2.3. Current challenges
3.2.4. Current challenges
3.2.5. Future prospects
3.2.6. Future risks
3.3. Economic analysis
3.3.1. Overview
3.3.2. Current strengths
3.3.3. Current challenges
3.3.4. Future prospects
3.3.5. Future risks
3.4. Social analysis
3.4.1. Overview
3.4.2. Current strengths
3.4.3. Gender equality
3.4.4. Current challenges
3.4.5. Future prospects
3.4.6. Future risks
3.5. Technological analysis
3.5.1. Overview
3.5.2. Current strengths
3.5.3. Current challenges
3.5.4. Future prospects
3.5.5. Future risks
3.6. Legal analysis
3.6.1. Overview
3.6.2. Current strengths
3.6.3. Current challenges
3.6.4. Future prospects
3.6.5. Future risks
3.7. Environmental analysis
3.7.1. Overview
3.7.2. Current strengths
3.7.3. Current challenges
3.7.4. Future prospects
3.7.5. Future risks
4.1. Summary
4.2. Evolution
4.3. Structure and policies
4.3.1. Key political figures
4.3.2. Structure of government
4.3.3. Key political parties
4.3.4. Composition of government
4.3.5. Key policies
4.3.6. Economic
4.3.7. Social
4.3.8. Foreign and defense policies
4.4. Performance
4.4.1. Governance indicators
4.5. Outlook
5.1. Summary
5.2. Evolution
5.3. Structure and policies
5.3.1. Financial system overview
5.3.2. Financial authorities and regulators
5.3.3. Stock exchange
5.3.4. Insurance
5.4. Performance
5.4.1. GDP and growth rate
5.4.2. GDP composition by sector
5.4.3. Fiscal situation
5.4.4. Current account
5.4.5. Foreign trade
5.4.6. External debt
5.4.7. International investment position
5.4.8. Credit rating
5.4.9. Monetary situation: key monetary indicators
5.4.10. Employment
5.5. Outlook
6.1. Summary
6.2. Evolution
6.3. Structure and policies
6.3.1. Demographic composition
6.3.2. Education
6.3.3. Healthcare
6.3.4. Social welfare
6.4. Performance
6.4.1. Healthcare
6.4.2. Income distribution
6.4.3. Education
6.5. Outlook
7.1. Summary
7.2. Evolution
7.3. Structure and policies
7.3.1. Intellectual property
7.3.2. Research and development
7.4. Performance
7.4.1. Opportunity sectors
7.4.2. Research and development
7.5. Outlook
8.1. Summary
8.2. Evolution
8.3. Structure and policies
8.3.1. Tax regulations
8.3.2. VAT
8.4. Performance
8.4.1. Effectiveness of the legal system
8.5. Outlook
9.1. Summary
9.2. Evolution
9.3. Structure and policies
9.3.1. Environmental regulations
9.3.2. Natural resources management and pollution reduction
9.3.3. International co-operation
9.4. Performance
9.4.1. Environmental impact
9.5. Outlook
10.1. Ask the analyst
10.2. About MarketLine
10.3. Disclaimer
List of Tables
Table 1: Iceland - Key Fundamentals, 2016-2023f
Table 2: Iceland - Key Facts, 2019
Table 3: Analysis of Iceland’s Political Landscape
Table 4: Analysis of Iceland’s Economic Landscape
Table 5: Analysis of Iceland’s Social Landscape
Table 6: Analysis of Iceland’s Technology Landscape
Table 7: Analysis of Iceland’s Legal Landscape
Table 8: Analysis of Iceland’s Environmental Landscape
Table 9: Mid-year Population by Age (as a Percentage of the Population, by Gender), 2018
Table 10: Patents Granted by the USPTO, 2012-2018
List of Figures
Figure 1: Map of Iceland
Figure 2: Regulatory Quality, 2017
Figure 3: Total Trade Between Iceland and China (US$ Million), 2009-2018
Figure 4: Total Trade (Good and Services) of Iceland and the EU (EUR Billion), 2016-2018
Figure 5: Doing Business in Iceland, 2019
Figure 6: Number of Foreign Visitors (Millions), 2009-2018
Figure 7: Tourism’s Share of the Total Export of Goods and Services, 2013-2017
Figure 8: Foreign Visitors Growth Rate (2015M1 to 2019M7) and Real GDP Growth Rate, (2015Q1 to 2019Q1)
Figure 9: Growth in Labor Productivity and Wages, 2010-2018
Figure 10: FDI Restrictiveness, 2018
Figure 11: Current Account Balance (% of GDP), Q32014-Q12019
Figure 12: Real Wage Change (Annual), 2008-2018
Figure 13: Female Labor Participation Rate, 2018
Figure 14: Public Social Expenditure (% of GDP), 2018
Figure 15: Gini Index, 2017 or Latest Available Data
Figure 16: Old Age Dependency Ratio, 1950, 1975, 2000, 2015, 2025, 2050, 2075
Figure 17: Quantity and Quality of Scientific Production (Publications in Thousands), 2015
Figure 18: Business Enterprise Expenditure on R&D (% of GDP), 2005 and 2015
Figure 19: Product Market Competitiveness, 2018
Figure 20: Greenhouse Gas Emissions per Capita (Kilogram per Capita, Thousands), 2007 and 2017
Figure 21: Energy Intensity Level of Primary Energy, 2015
Figure 22: Iceland - Key Political Events Timeline
Figure 23: Iceland - Key Political Figures
Figure 24: Distribution of Seats by Political Party in the October 2017 Elections
Figure 25: Iceland's GDP Growth, 2008-2018e
Figure 26: FME’s Organizational Chart
Figure 27: GDP and Growth Rate in Iceland (US$ Billion/%), 2013-2023f
Figure 28: Sector-specific GDP in Iceland, 2018e
Figure 29: Agricultural Output in Iceland (ISL Billion/%), 2013-2018e
Figure 30: Industrial Output in Iceland (ISL Billion/%), 2013-2018e
Figure 31: Services Output in Iceland (ISL Trillion/%), 2013-2018e
Figure 32: Iceland’s External Trade Position (US$ Billion), 2014-2018
Figure 33: Consumer Price Index and CPI-based Inflation in Iceland, 2013-2023f
Figure 34: Unemployment Rate in Iceland (Thousands/%), 2013-2023f
Figure 35: Major Religions in Iceland, 2018e
Figure 36: Total Healthcare Expenditure in Iceland (US$ Billion/% of GDP), 2008-2017
Figure 37: Government Expenditure on Education in Iceland (US$ Billion/% of GDP), 2007-2016
Figure 38: Internet Users in Iceland (Thousands/%), 2013-2018e
Figure 39: Carbon Dioxide Emissions in Iceland (Million Tonnes/%), 2010-2017

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