Economic Survey of Iceland 2017




Executive Summary & Assessment and Recommendations, Overview

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Iceland is the OECD’s smallest economy and, currently, the fastest growing. A boomin financial services and construction led to a deep financial crisis in 2008. However, Iceland has made a remarkable turnaround, helped by spectacular growth of tourism, prudent economic policies and a favourable external environment.


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See also:


Iceland: Economic forecast summary (May 2018)

Iceland: Structural Reform Priorities 

Iceland: Blog posts


OECD Economic Surveys: Iceland 2017

For further information please contact the Iceland Desk at the OECD Economics Department.

The Secretariat's draft report was prepared for the Committee by Douglas Sutherland and Urban Sila under the supervision of Patrick Lenain. Damien Azzopardi provided the statistical research a‌ssistance, and Brigitte Beyeler provided the administrative support. The Survey also benefited from contributions by Julien Daubanes, Alain Dupeyras and Jane Stacey.


About Surveys

Previous Surveys on Iceland

How are country surveys prepared?

The role of the EDRC (Economic & Development Review Committee)

Timetable of EDRC Meetings

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Useful links

Iceland - statistical profile

Economic surveys

Structural reforms


Product Market Regulation

OECD Economics Department homepage

More on Iceland 


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