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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.
Specific country notes have been prepared using data from the database OECD Health Statistics 2014, June 2014 version. The notes are available in PDF format.
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.
Tax revenues continue bouncing back from the low levels reported in almost all countries during 2008 and 2009, at the height of the global economic crisis, according to new OECD data in the annual Revenue Statistics publication. This annual publication presents a unique set of detailed and internationally comparable tax revenue data in a common format for all OECD member countries from 1965 onwards.
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.
Iceland has made progress in coping with the legacy of the crisis but needs to go further in fiscal consolidation, strengthening monetary and financial stability arrangements and to remove capital controls in an orderly fashion.
Education at a Glance 2013 - Country notes and key fact tables
In his speech to OECD Ambassadors, the President of Iceland discussed how Iceland could offer lessons on the nature of a clean energy economy; and presented some insights from Iceland's recent challenges in dealing with the financial crisis.
The President of Iceland, Mr. Olafur Ragnar Grimsson, will visit the OECD on Wednesday 27th February 2013.
On this occasion, Mr. Olafur Ragnar Grimsson will meet on a bilateral basis with Mr. Angel Gurría, Secretary-General of the OECD.
He will also give an address to a special session of the OECD Council, focused on Sustainable Development and Energy.