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The Icelandic Economy – 2016 edition released

The Iceland Chamber of Commerce has since 2008 regularly published reports in English with overview of the Icelandic economy, it is also free to access on the Chamber‘s website. The Icelandic economy has undergone drastic changes since the financial crisis in 2008. The report and presentation provide an overview of the current state of the economy, recent developments, and future prospects.

The Icelandic Economy report is split into three sections. The first part details the current economic landscape in Iceland. The second part covers recent developments in Iceland‘s political, economic and business environment. Lastly, the third part outlines Iceland‘s future prospects with regards to external obligations and long-term growth.

The following topics are covered in the report

  • Iceland‘s ranking in terms of GDP, economic growth and various competitiveness indicators
  • Labour market developments since the financial crisis
  • Public and private debt levels and the post-crisis deleveraging phase
  • Monetary policy, inflation and exchange rate developments since the financial crisis
  • International trade in relation to external debt and exports composition

Click to view the report

  • Policy changes made by the new government, including EU negotiation developments
  • The effects of the capital controls on households, firms and pension funds
  • Major on going and prospective investment projects
  • The banking system, access to credit and asset market developments


  • The Chamber has also published a presentation to accompany the report. It —-provides readers with the charts from the report in an accessible format.
  • The presentation can be used to quickly gain an overview of Iceland’s economic situation or present it to others.

Click to view the presentation

The report is also free to access on the Chamber‘s website

The paintings are by Ásgrímur Jónsson, an Icelandic painter, and are owned by the National Gallery of Iceland.