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.
English, PDF, 530kb
Labour market conditions in Iceland further improved during the last year. In March 2015 the harmonised unemployment rate stood at 4.2% of the labour force, 1 percentage point lower than a year earlier.
Specific country notes have been prepared using data from the database OECD Health Statistics 2015, July 2015 version. The notes are available in PDF format.
The OECD Working Group on Bribery has serious concerns about Iceland’s lack of progress in combatting the bribery of foreign public officials, and to implement the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.
Iceland must balance growth in power and tourism industries with nature conservation, OECD says Iceland has one of the world’s most pristine natural environments and its glaciers, volcanoes and hot underground springs bring major economic benefits via renewable energy and tourism.
The average worker in Iceland faced a tax burden on labour income (tax wedge) of 33.4% in 2013 compared with the OECD average of 35.9%. Iceland was ranked 22 of the 34 OECD member countries in this respect.
These country notes contain indicators which compare the political and institutional frameworks of national governments as well as revenues and expenditures, employment, and compensation. They include a description of government policies on integrity, e-government and open government.
Mr. Angel Gurría, Secretary-General of the OECD, will travel to Reykjavik to meet with Mr. Ólafur Ragnar Grímsson, President of Iceland, Mr. Sigmundur Davíð Gunnlaugsson, Prime Minister, Mr. Bjarni Benediktsson, Minister of Finance and Economic Affairs, and other members of the government.
Education at a Glance 2013 - Country notes and key fact tables