Biographical note of Iceland's Permanent Representative to the OECD.
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.
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The tax wedge for the average single worker in Iceland decreased by 0.3 percentage points from 33.4 in 2018 to 33.1 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1).
These ready-made tables and charts provide for snapshot of aid (Official Development Assistance) for all DAC Members as well as recipient countries and territories. Summary reports by regions (Africa, America, Asia, Europe, Oceania) and the world are also available.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.
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The OECD’s annual Revenue Statistics report found that the tax-to-GDP ratio in Iceland† decreased by 0.8 percentage points from 37.5% in 2017 to 36.7% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.
Government at a Glance provides a dashboard of key indicators to help you analyse international comparisons of public sector performance.
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.
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.