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This note presents selected findings based on the set of well-being indicators published in How's Life? 2016.
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This policy profile is part of the Education Policy Outlook series, which presents comparative analysis of education policies and reforms across OECD countries.
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.
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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.
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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.
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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.
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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.
In 2014, Iceland delivered USD 35 million in net ODA (preliminary data), which represented 0.21% of its gross national income (GNI) and a 3.8% decrease in real terms from 2013. Iceland is committed to achieving 0.7% ODA/GNI, and this commitment has been accompanied by an increase in ODA both in terms of volume and as a share of GNI between 2011 and 2013.
The Secretary-General presented the 2015 OECD Economic Survey of Iceland and held meetings with the President of Iceland, the Prime Minster and several other ministers. Mr. Gurría also attended meetings with business and unions, and the Parliament’s Economic and Trade Affairs Committee.
Iceland has steadily recovered from the financial crisis. Key challenges to ensuring sustained growth and high levels of wellbeing include consolidating macroeconomic stability, locking in progress in fiscal policy and lifting productivity growth.