Islande

8-April-2022

English

The effect of a carbon tax rise on Iceland’s economy

This paper studies the potential impact of higher carbon taxation - to reach the government’s emission targets by 2030 - on Iceland’s economy. The paper is divided into two parts. First, a DSGE modelling exercise suggests that the equivalent of an oil price hike of between 30% and 55% is needed to reach the 2030 target, implying a GDP decline of between 0.3% and 0.6% by 2030. The impact on inflation would be very small. Second, a panel regression for the fishing industry reveals that a 40-50% oil price hike would be sufficient to reduce the entire fishing fleet’s emissions by 10%, raising total factor costs for the fishing companies by 4-5%. Such a cost hike would hardly threaten the competitiveness of the fishing industry. Both approaches assume that a carbon tax rise would have no effect on production technology.

4-November-2021

English

Fostering innovation in Iceland for the digital era

Iceland is an innovative country, but has untapped innovation potential. Strengthening innovation, especially in the ICT area, is crucial for strong productivity growth and performance in an increasingly digitalised world, as well as a sustained recovery from the COVID-19 pandemic. Ensuring more effective public support for business R&D is important. The R&D tax incentive scheme is generous by international comparison, but take-up has been low and many smaller firms have not been inclined to innovate. Following increased support, outcomes need to be monitored regularly. Adopting new technologies is also essential for stronger innovation outcomes. Competition-friendly framework conditions are key to sharpening firms’ incentives to adopt advanced technologies. The public sector too could become more digitalised. The education system needs to provide relevant skills. Participation of adult workers, especially the less educated, in re-skilling and up-skilling programmes should increase further. At the same time, business and universities need to collaborate more to maximise knowledge flows, with important benefits for innovation and society.

7-juillet-2021

Français

Islande : développer la concurrence et la diversification économique pour soutenir la reprise après la pandémie de COVID-19, selon l’OCDE

La hausse des exportations contribue au retour de la croissance économique en Islande après le choc provoqué par la crise liée au COVID-19, même si le secteur du tourisme est encore en phase de rétablissement.

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Iceland: increase competition and economic diversification to support the recovery from COVID-19, says OECD

10-June-2020

English

Virtual Session with Iceland’s Economic Council

COVID-19 is the worst pandemic in more than a century, disrupting our economies and societies, as well as health systems, jobs and well-being. The economic impact is dire.

16-September-2019

English

Launch of the 2019 Economic Survey of Iceland

Over the past years, favourable external conditions and good macroeconomic policies helped Iceland to nurture high growth, low unemployment, low inflation, and sustainable public finances. Living standards are among the highest in the OECD.

16-September-2019

English

Iceland’s slowdown underlines the need to fix structural issues

Sound macroeconomic policies and favourable external conditions have enabled Iceland’s economy to emerge stronger from a decade of post-crisis management. Yet the impact on growth from a drop in tourist arrivals and seafood exports underlines the need for reforms to open up and diversify the economy and improve its resiliency to sectoral shocks, according to the latest OECD Economic Survey of Iceland.

13-September-2019

English

Mr. Angel Gurría, Secretary-General of the OECD, in Reykjavik on 15-16 September 2019

Mr. Angel Gurría, Secretary-General of the OECD, will be in Reykjavik on 15-16 September 2019 to present the 2019 OECD Economic Survey of Iceland, alongside Mr. Bjarni Benediktsson, Minister of Finance and Economic Affairs, and Ms. Lilja Alfredsdottir, Minister of Education, Science and Culture of Iceland.

26-février-2018

Français, PDF, 108kb

Objectif croissance 2017 - Islande

Objectif croissance 2017 - Islande

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Going for Growth 2017 - Iceland

27-novembre-2017

Français

Marché du travail et négociations collectives en Islande : partager le butin sans gâcher les parts

L’Islande se caractérise par des niveaux de vie élevés, un faible taux de pauvreté et une forte inclusivité, et son système de retraite est l’un des plus viables.

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Labour market and collective bargaining in Iceland: sharing the spoils without spoiling the shares

11-octobre-2017

Français

Assurer la pérennité du tourisme de nature en Islande

En Islande, le tourisme connaît un formidable essor. Le nombre de touristes visitant le pays chaque année a quadruplé entre 2010 et 2016 et tout indique que ce dynamisme va se poursuivre. De fait, le secteur du tourisme, qui est aujourd’hui la principale source de recettes d’exportations, crée également des emplois et voit se multiplier les créations d’entreprises.

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Sustaining nature-based tourism in Iceland

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