Rising exports are helping to restore economic growth in Iceland after the blow from the COVID-19 crisis, even though tourism is still recovering. Further diversifying the economy and pursuing structural reforms to boost productivity growth will be key to building a strong and sustainable recovery, according to a new OECD report.
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Iceland consumes 9.1 litres of pure alcohol per capita per year, roughly equivalent to 1.9 bottles of wine or 3.5 litres of beer per week per person aged 15 and over. In addition, in Iceland, some population groups are at higher risk than others.
Detection of foreign bribery, as well as awareness of related risks, are still lacking in Iceland. In spite of having been one of the original signatories to the OECD Anti-Bribery Convention, Iceland has only recently commenced its first foreign bribery investigation. Detection of foreign bribery by the Icelandic authorities needs therefore to be significantly improved.
Biographical note of Iceland's Permanent Representative to the OECD.
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This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.
The roundtable will launch the OECD's Government at a Glance 2021, a flagship OECD report which provides a comprehensive set of rigorous, internationally comparable data on government resources, activities and results in OECD countries and beyond.
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.
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.
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The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.