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Iceland: In-depth PESTLE Insights

Iceland: In-depth PESTLE Insights

Summary

This PEST 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.

Key Highlights

  • 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.
Scope
  • 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.
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?


Overview
Catalyst
Summary
Key findings
PESTLE highlights
Key fundamentals
Key Facts and Geographic Location
Key facts
Geographical location
PESTLE Analysis
Summary
Political analysis
Overview
Current strengths
Current challenges
Current challenges
Future prospects
Future risks
Economic analysis
Overview
Current strengths
Current challenges
Future prospects
Future risks
Social analysis
Overview
Current strengths
Gender equality
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
Structure and policies
Key political figures
Structure of government
Key political parties
Composition of government
Key policies
Economic
Social
Foreign and defense policies
Performance
Governance indicators
Outlook
Economic Landscape
Summary
Evolution
Structure and policies
Financial system overview
Financial authorities and regulators
Stock exchange
Insurance
Performance
GDP and growth rate
GDP composition by sector
Fiscal situation
Current account
Foreign trade
External debt
International investment position
Credit rating
Monetary situation: key monetary indicators
Employment
Outlook
Social Landscape
Summary
Evolution
Structure and policies
Demographic composition
Education
Healthcare
Social welfare
Performance
Healthcare
Income distribution
Education
Outlook
Technological Landscape
Summary
Evolution
Structure and policies
Intellectual property
Research and development
Performance
Opportunity sectors
Research and development
Outlook
Legal Landscape
Summary
Evolution
Structure and policies
Tax regulations
VAT
Performance
Effectiveness of the legal system
Outlook
Environmental Landscape
Summary
Evolution
Structure and policies
Environmental regulations
Natural resources management and pollution reduction
International co-operation
Performance
Environmental impact
Outlook
Appendix
ISO codes of selected countries
Ask the analyst
About MarketLine
Disclaimer
List of Tables
Table 1: Iceland - key fundamentals
Table 2: Iceland - key facts
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 population, by gender), 2017
Table 10: Patents granted by the USPTO, 2009-15
List of Figures
Figure 1: Map of Iceland
Figure 2: Regulatory Quality, 2016
Figure 3: Growth performance among select countries, 2009-17
Figure 4: Numbers of Visitors and Growth rate, 2009-17
Figure 5: Share of tourism in the total export of goods and services, 2012-16
Figure 6: Labor productivity, 1991-16
Figure 7: FDI restrictiveness, 2017
Figure 8: Current account balance % of GDP, 2006-17
Figure 9: Real wage change (Annual)
Figure 10: Female labor participation rate, 2016
Figure 11: Public social expenditure a percentage of GDP, 2016
Figure 12: Gini Index, 2015
Figure 13: Ratio of the inactive elderly population aged 65 and over to the labor force, 2017
Figure 14: Quantity and quality of scientific production (Number of publications), 2015
Figure 15: Business enterprise expenditure on R&D, 2005 and 2015
Figure 16: Product market regulation, 2013
Figure 17: Barriers to entrepreneurship, 2013
Figure 18: Greenhouse gas emissions per capita, 2005 and 2015
Figure 19: Iceland - key political events timeline
Figure 20: Iceland - key political figures
Figure 21: Distribution of seats by political parties in the October 2017 elections
Figure 22: Iceland's historical GDP growth, 2007-17
Figure 23: Organizational chart of the FME
Figure 24: GDP and growth rate in Iceland, 2012-22f
Figure 25: Sector-specific GDP in Iceland, 2017
Figure 26: Agricultural output in Iceland, 2012-17
Figure 27: Industrial output in Iceland, 2012-17
Figure 28: Services output in Iceland, 2012-17
Figure 29: Iceland’s external trade position, 2013-17
Figure 30: Consumer price index and CPI-based inflation in Iceland, 2012-22
Figure 31: Unemployment rate in Iceland, 2012-22f
Figure 32: Major religions in Iceland, 2017
Figure 33: Total healthcare expenditure in Iceland, 2011-17
Figure 34: Government expenditure on education in Iceland, 2011-16
Figure 35: Internet users in Iceland, 2010-15
Figure 36: Carbon dioxide emissions in Iceland, 2008-15

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