Iceland In-depth PESTLE Insights

Iceland In-depth PESTLE Insights

Summary

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.

Synopsis

  • 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
Scope
  • 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. OVERVIEW
1.1. Catalyst
1.2. Summary
1.2.1. Key findings
1.2.2. PESTLE highlights
1.2.3. Key fundamentals
1.3. Impact of COVID-19 on Icelandic Economy
1.3.1. Snapshot
1.3.2. Government Measures
1.3.3. Lockdown Measures
1.3.4. Travel Restrictions
1.3.5. Stimulus Measures
2. KEY FACTS AND GEOGRAPHIC LOCATION
2.1. Key facts
2.2. Geographical location
3. PESTLE ANALYSIS
3.1. Summary
3.2. Political analysis
3.2.1. Overview
3.2.2. Current strengths
3.2.3. Current challenges
3.2.4. Future prospects
3.2.5. 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. POLITICAL LANDSCAPE
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. ECONOMIC LANDSCAPE
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. Government Gross 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. SOCIAL LANDSCAPE
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. TECHNOLOGICAL LANDSCAPE
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. LEGAL LANDSCAPE
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. ENVIRONMENTAL LANDSCAPE
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. APPENDIX
10.1. Ask the analyst
10.2. About MarketLine
10.3. Disclaimer
List of Tables
Table 1: Iceland - Key Fundamentals, 2017-2024f
Table 2: Iceland - Key Facts, 2020
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 (% of Population, by Gender), 2019
Table 10: Patents Granted by the USPTO, 2012-2020
List of Figures
Figure 1: Map of Iceland
Figure 2: Regulatory Quality: Percentile Rank (0-100), 2019
Figure 3: Iceland’s Total Trade of Goods the EU (EUR Billion), 2015-2019
Figure 4: Impact of COVID 19- Real GDP Growth Rate Q1 2019- Q2 2020 (YoY)
Figure 5: General Government Gross Debt (ISL Billion/%), 2015-2024f
Figure 6: Current Account Balance (US$ Billion/%), 2015-2024f
Figure 7: Female Labor Participation Rate, 2019
Figure 8: Public Social Expenditure (% of GDP), 2019
Figure 9: Pension Expenditure (% of GDP), 2019 or Latest Available Data
Figure 10: Social Benefits To Households (% of GDP), 2019
Figure 11: Gini Index, 2018
Figure 12: Old Age Dependency Ratio, 1950, 1975, 2000, 2015, 2025, 2050, 2075
Figure 13: Total Government Support for Business Expenditure on R&D, 2017
Figure 14: Tax Subsidy Rates on R&D Expenditure, 2019
Figure 15: Tax Wedge (% of Labor Cost), 2019
Figure 16: Product Market Competitiveness, 2019
Figure 17: FDI Restrictiveness Index, 2019
Figure 18: Greenhouse Gas Emissions per Capita (Kilogram per Capita, Thousands), 2018
Figure 19: Energy Intensity Level of Primary Energy, 2015
Figure 20: Iceland - Key Political Events Timeline
Figure 21: Iceland - Key Political Figures
Figure 22: Percentage of Votes by Political Party in the October 2017 Elections
Figure 23: Iceland's GDP Growth, 2010-2019
Figure 24: FME’s Organizational Chart
Figure 25: Iceland, ICEXI Index, January 2020- November 2020
Figure 26: GDP and Growth Rate in Iceland (US$ Billion/%), 2015-2024f
Figure 27: Sector Specific GDP In Iceland, 2019
Figure 28: Agricultural Output in Iceland (ISL Billion/%), 2015-2020f
Figure 29: Industrial Output in Iceland (ISL Billion/%), 2015-2020f
Figure 30: Services Output in Iceland (ISL Trillion/%), 2015-2020f
Figure 31: Iceland, General Government Net Lending/Borrowing (ISL Billion/%), 2015-2024f
Figure 32: Iceland’s External Trade Position (US$ Billion), 2015-2019
Figure 33: Consumer Price Index and CPI-based Inflation in Iceland, 2015-2024f
Figure 34: Unemployment Rate in Iceland (%), 2015-2024f
Figure 35: Major Religions in Iceland, 2018
Figure 36: Total Healthcare Expenditure in Iceland (US$ Billion/% of GDP), 2015-2019
Figure 37: Public Expenditure on Education in Iceland (ISL Billion/% of GDP), 2015-2019
Figure 38: Internet Users in Iceland (Thousands/%), 2015-2019
Figure 39: Carbon Dioxide Emissions in Iceland (Million Tonnes/%), 2010-2018

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