The controversial changes to Iceland’s fishing quota system, currently being debated by the country’s parliament (Althingi), continue to cause heated argument. Read the full story

New figures released by the OECD predict 2.2 percent economic growth for Iceland this year and 2.9 percent next year. Read the full story

More than half of the adult population within the European Union, Switzerland, Norway and Iceland are overweight or obese according to a new health study conducted by the Organisation for Economic Co-operation and Development (OECD).  Read the full story

According to a new report from the OECD, running pre-schools and elementary schools in Iceland costs more than in any other member country – this despite that fact that school staff earn just 70 percent as much as the average school worker in the OECD. Read the full story

New international surveys are painting an unfamiliar picture of Iceland: the happiest nation in the world…but with some pretty big flaws all the same. Read the full story

First quarter results from Statistics Iceland indicate that the economy has returned to growth, but the year-on-year figure still shows recession. Read the full story

The Organisation for Economic Cooperation and Development has declared that policy interest rates in Norway will need to be raised in order to keep inflation under control, while over-budget spending will also need to be reined in. Read the full story

Iceland’s spending on education amounted to 8 percent of GDP in 2006, putting the country in the top spot for OECD countries spending most on education. The OECT average was 6.1 percent and the global average was 5.7 percent. Read the full story

The Organisation for Economic Co-operation and Development (OECD) predicts that the rate of unemployment in Iceland will reach 9.9 percent over the next year, meaning a still bigger increase from current levels. On the other hand, the organisation predicts that inflation will drop to 2.4 percent annually in 2010, whereas current 12 month inflation June-June is at 12.2 percent according to Statistics Iceland. Read the full story

Spending on education increased in all OECD countries between 1995 and 2005, on average by 19 percent between 2000 and 2005. On average OECD countries spent 6.1 percent of GDP on education in 2005, MBL.is reports.

The news comes from a new OECD document, Education at a Glance 2008, which was released on Tuesday. Iceland spent roughly 8 percent of GDP on education in 2005, putting it at the top of the big spenders list of OECD countries.

The OECD states’ spending on education increased as a proportion of overall spending from 11.9 percent in 1995 to 13.2 percent in 2005.

The number of students in Iceland has increased year-on-year. 84.6 percent Read the full story