Iceland PESTLE Insights - A Macroeconomic Outlook Report
Iceland PESTLE Insights - A Macroeconomic Outlook Report
SUMMARY
Financial intermediation, real estate and business activities accounted for the highest amount (24.7%) of Iceland’s GVA in 2019, followed by mining, manufacturing and utilities (14.4%) and wholesale and retail trade (13.6%). The three sectors are forecast to grow by -2.2%, 2.5% and -8.3%, respectively, in nominal terms in 2020.
The capital region, which comprises Reykjavik, K?pavogur and Hafnarfj?r?ur, generated 58.1% of 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
SCOPE
SUMMARY
Financial intermediation, real estate and business activities accounted for the highest amount (24.7%) of Iceland’s GVA in 2019, followed by mining, manufacturing and utilities (14.4%) and wholesale and retail trade (13.6%). The three sectors are forecast to grow by -2.2%, 2.5% and -8.3%, respectively, in nominal terms in 2020.
The capital region, which comprises Reykjavik, K?pavogur and Hafnarfj?r?ur, generated 58.1% of 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
SCOPE
- 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 September 22, 2020, the OMXIPI stock index closed at 1,492.0, compared to 1,425.61 on September 22, 2019.
- 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
COVID-19 Impact
Country Snapshot
PESTLE Insights
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
Did You Know?
Country Highlights
COVID-19 Impact
Country Snapshot
PESTLE Insights
Political Landscape
Economic Landscape
Social Landscape
Technological Landscape
Legal Landscape
Environmental Landscape
Outlook
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 (2015-2022f)
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 (2015-2022f)
Exhibit 10: Real GDP Growth Rate Comparison (2019)
Exhibit 11: Exports, Imports and Trade Balance (2014-2019)
Exhibit 12: Current Account Balance (2015-2022f)
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2016-2019)
Exhibit 14: Aluminum and Articles Thereof, % of World Total (2018)
Exhibit 15: Interest Rates (September 15- September 20)
Exhibit 16: Exchange Rate and Inflation (2015-2022f)
Exhibit 17: Public Finance (2015-2022f)
Exhibit 18: General Government Debt (2015-2022f)
Exhibit 19: Unemployment Rate (2015-2022f)
Exhibit 20: Average Annual Wages (2015-2019)
Exhibit 21: Labour Cost Index (2015-2019)
Exhibit 22: Rural/Urban Share in Total Population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group Share of Total Population (2005,2015,2025)
Exhibit 24: Gender Split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2019
Exhibit 26: Number of Patents Granted Per Million Population, 2019
Exhibit 27: High-technology Exports (% of Manufactured Exports) (2019 or Latest available year)
Exhibit 28: Doing Business in Croatia 2020
Exhibit 29: Corruption Perception Index (Rankings) 2019
Exhibit 30: Greenhouse Gas Emissions per capita (2014-2018)
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 (2015-2022f)
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 (2015-2022f)
Exhibit 10: Real GDP Growth Rate Comparison (2019)
Exhibit 11: Exports, Imports and Trade Balance (2014-2019)
Exhibit 12: Current Account Balance (2015-2022f)
Exhibit 13: Top Three Commodity Exports, % of Total Exports (2016-2019)
Exhibit 14: Aluminum and Articles Thereof, % of World Total (2018)
Exhibit 15: Interest Rates (September 15- September 20)
Exhibit 16: Exchange Rate and Inflation (2015-2022f)
Exhibit 17: Public Finance (2015-2022f)
Exhibit 18: General Government Debt (2015-2022f)
Exhibit 19: Unemployment Rate (2015-2022f)
Exhibit 20: Average Annual Wages (2015-2019)
Exhibit 21: Labour Cost Index (2015-2019)
Exhibit 22: Rural/Urban Share in Total Population (1995, 2005, 2015, 2025f)
Exhibit 23: Age-group Share of Total Population (2005,2015,2025)
Exhibit 24: Gender Split (1995, 2005, 2015, 2025f)
Exhibit 25: Internet Users % of Total Population, Mobile Penetration Rate and Broadband Penetration Rate, 2019
Exhibit 26: Number of Patents Granted Per Million Population, 2019
Exhibit 27: High-technology Exports (% of Manufactured Exports) (2019 or Latest available year)
Exhibit 28: Doing Business in Croatia 2020
Exhibit 29: Corruption Perception Index (Rankings) 2019
Exhibit 30: Greenhouse Gas Emissions per capita (2014-2018)
