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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.
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 global financial crisis, with economic activity above pre-crisis levels and a number of other visible signs of normalisation, including falling unemployment, improved public finances and stronger household finances.
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.
A dashboard of key government indicators by country, to help you analyse international comparisons of public sector performance.
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.
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This country note from Going for Growth 2015 for Iceland identifies and assesses progress made on key reforms to boost long-term growth, improve competitiveness and productivity and create jobs.
Country notes outlining regional variations in health, jobs, safety, environment, access to services, civic engagement, housing, education, income, and employment. These notes are from the OECD publication "How's Life in Your Region?".