PESTLE Insights: Iceland - Macroeconomic Outlook Report
Financial intermediation, real estate and business activities accounted for the highest amount (22.9%) of Iceland’s GVA in 2018, followed by mining, manufacturing and utilities (15.5%) and wholesale and retail trade (14%). The three sectors are forecast to grow by 6.4%, 6.0% and 8.1%, respectively, in nominal terms in 2019.
The capital region, which comprises Reykjavik, Kópavogur and Hafnarfjörður, generated 58.1% of the Iceland’s GDP and comprised 63.8% of the country’s population, as of 2018
Green energy and advanced infrastructure, along with lucrative government incentives, create a favorable environment for investors in Iceland
Reasons to buy
- Iceland provides excellent air connectivity with other parts of the world. It takes 2.5-3 hours to fly to Europe and 5-7 hours to fly to North America, on average.
- OMXIPI includes all shares listed on OMX Nordic Exchange Iceland. As of November 18, 2019, the OMXIPI stock index closed at 1,456.6, compared to 1,268.7 on November 16, 2018.
- Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
- PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
- Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
- This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.
- List of Exhibits
- Did You Know?
- Country Highlights
- Country Snapshot
- PESTLE Insights
- Political Landscape
- Economic Landscape
- Social Landscape
- Technological Landscape
- Legal Landscape
- Environmental Landscape
- List of Figures
- Exhibit 1: Iceland ’s Performance in terms of its Country Risk Analysis in Comparison to Western European Nations and the World
- Exhibit 2: Performance Overview (Score: 1-100)
- Exhibit 3: Broad Categories and Weights Behind the Index
- Exhibit 4: OMXIPI Stock Index
- Exhibit 5: Key Sectors’ Contribution to the Economy (2014-2021f)
- Exhibit 6: Net FDI Inflow (2018Q1-2019Q2)and FDI by Origin (2016-2018)
- EXHIBIT 7: FDI Flows by Sector (2014-2018)
- Exhibit 8: Key Infrastructure Indicators
- Exhibit 9: Real GDP and Household Consumption Growth Rate (2014-2021f)
- Exhibit 10: Real GDP Growth Rate Comparison (2018)
- Exhibit 11: Exports, Imports and Trade Balance (2014-2021f)
- Exhibit 12: Current Account Balance (2014-2021f)
- Exhibit 13: Top Three Commodity Exports, % of Total Exports (2015-2018)
- Exhibit 14: Aluminum and Articles Thereof, % of World Total (2018)
- Exhibit 15: Interest Rates (May 2014 - October 2019)
- Exhibit 16: Exchange Rate and Inflation (2014-2021f)
- Exhibit 17: Public Finance (2014-2021f)
- Exhibit 18: General Government Debt (2014-2021f)
- EXHIBIT 19: Employment/Unemployment(2014-2021f)
- Exhibit 20: Average Annual Wages (2014-2021f)
- EXHIBIT 21: Labor Cost Index (2014-2021f)
- Exhibit 22: Rural/Urban Share of Total Population (1990, 2000, 2010, 2020)
- Exhibit 23: Age-group Wise Share of Total Population (2000, 2010, 2020)
- Exhibit 24: Gender-wise Share of Total Population (1990, 2000, 2010, 2020)
- Exhibit 25: Number of Patents Granted Per Million Persons (2018)
- Exhibit 26: High-tech Exports (% of Total Manufactured Exports) (2018)
- Exhibit 27: Internet Users % of Total Population, Mobile and Broadband Penetration Rate (2018)
- Exhibit 28: Doing Business in Iceland 2020
- Exhibit 29: Corruption Perceptions Index (Rankings) (2018)
- Exhibit 30: CO2 Emissions (2012-2017)