In 2014, Iceland delivered USD 35 million in net ODA (preliminary data), which represented 0.21% of its gross national income (GNI) and a 3.8% decrease in real terms from 2013. Iceland is committed to achieving 0.7% ODA/GNI, and this commitment has been accompanied by an increase in ODA both in terms of volume and as a share of GNI between 2011 and 2013.
I am pleased to open this launch with a broadly positive message. Since successfully completing its stabilisation programme in 2011, Iceland’s economic activity has recovered steadily, returning to its pre-crisis level earlier than crisis-hit euro area countries. Iceland has entered its 5th year of economic recovery and prospects are good.
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 financial crisis. Key challenges to ensuring sustained growth and high levels of wellbeing include consolidating macroeconomic stability, locking in progress in fiscal policy and lifting productivity growth.
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.
There are now 42 adherents to the OECD Declaration on Green Growth. Lithuania has joined Costa Rica, Colombia, Croatia, Latvia, Morocco, Tunisia, as well as OECD members in having adhered to the declaration. Latest reports are now available on Zambia, Slovak Republic, Slovenia, Korea and Latvia.
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Labour market conditions in Iceland further improved during the last year. In March 2015 the harmonised unemployment rate stood at 4.2% of the labour force, 1 percentage point lower than a year earlier.
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.
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This note presents selected findings based on the set of well-being indicators used for the Better Life initiative and shows what users of the Better Life Index are telling us about their well-being priorities.
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Iceland is ranked 22nd among the 34 OECD member countries in decreasing order with a tax wedge for an average single worker at 33.5% in 2014, compared with the OECD average of 36.0%.