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Iceland has the 13th lowest tax wedge among the 34 OECD member countries in 2015. The country occupied the same position in 2014. The average single worker in Iceland faced a tax wedge of 34% in 2015 compared with the OECD average of 35.9%.
The tax burden on labour income is expressed by the tax wedge, which is a measure of the net tax burden on labour income borne by the employee and the employer.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
English, PDF, 356kb
As part of the plan to gradually remove capital controls, Iceland has recently introduced several macro-prudential rules, some of which discriminate on the basis of the currency of an operation.
English, PDF, 356kb
In 2013, fish products accounted for 26% of total exports and fishing and fish processing represented 9.4% of GDP. The fishing industry is also a major source of employment, accounting for 4.7% of the civilian labour force in 2013. Maintaining a healthy fishing sector is crucial to the overall economic success of the country.
English, PDF, 347kb
The rapid development of tourism and energy-intensive industry is exerting increasing pressures on the environmental assets upon which much of Iceland’s growth has been founded.
English, PDF, 350kb
Fostering competition can be a challenge given the small size of the Icelandic economy. In a number of important sectors, such as financial services, food and telecoms, only a few firms operate.
En 2014, les apports nets d’APD de l’Islande se sont élevés à 35 millions USD (données provisoires), ce qui a représenté 0.21 % de son revenu national brut (RNB) et une diminution de 3.8 % en termes réels par rapport à 2013.
I am pleased to open this launch with a broadly positive message. Since successfully completing its stabilisation programme in 2011, Iceland’s economic activity has recovered steadily, returning to its pre-crisis level earlier than crisis-hit euro area countries. Iceland has entered its 5th year of economic recovery and prospects are good.
La reprise en Islande ne s’est jamais démentie depuis la crise financière mondiale, comme l’attestent une activité économique se situant au-dessus des niveaux d’avant la crise ainsi qu’un certain nombre d’autres signes visibles de normalisation, tels que la décrue du chômage, le redressement des finances publiques et l’amélioration de la situation financière des ménages.