As per International Monetary Fund
(IMF) Iceland’s nominal gross domestic product is expected to grow at a CAGR of
6.81% from it’s 2015 level of ISK 2214.09 billion and reach ISK 3512.30 billion
by 2022.
Iceland is a Nordic island country
marking the juncture between the North Atlantic and Arctic Oceans, on the
Mid-Atlantic Ridge. The capital and largest city is Reykjavík, with the
surrounding areas in the southwestern region of the country being home to
two-thirds of the country's population. Reykjavík is the most northern capital
in the world. Iceland is volcanically and geologically active. Iceland is
warmed by the Gulf Stream and has a temperate climate despite a high latitude
just outside the Arctic Circle.
Iceland had estimated population
of 0.336 million in the year 2016 and expected to reach 0.36 million by 2022.
Iceland's around 0.191 million was employed in 2016 and the unemployment rate
was 3.008% of total labor force.
Iceland's real gross domestic
product (GDP) was around ISK 1348.11 billions in 2016 whereas the nominal GDP
was ISK 2421.96 billions. This resulted in GDP deflator 179.656. Per capita GDP
was estimated at USD 59629.05 whereas purchasing power parity (PPP) based per
capita GDP was estimated to be at USD 49135.58.
In 2016, Iceland government's
revenue was ISK 1412.57 billions whereas the expenditure was ISK 1138.42
billions. This resulted Iceland government's net lending / borrowing at ISK
274.153 billion in 2016 indicating that enough financial resources were made
available by the government to boost economic growth.
The current account balance for
Iceland was estimated to be at USD 1.602 billions for the year 2016 and is expected
to grow at a CAGR of 8.05% and reach USD 1.578 by 2022. This positive current
account balance indicates the Iceland is net lender to the whole world.
Scope of the Iceland PESTEL Analysis, SWOT Analysis and Risk
Analysis Market Research Reports
- These reports provide information about key macroeconomic indicators for Iceland.
- These reports provide PESTELE (political, economic, social, technological, environmental and legal) analysis for Iceland.
- These reports provide SWOT (strengths, weaknesses, opportunities and threats) analysis for Iceland.
- These reports provide risk analysis for Iceland.
For more information and to
purchase Iceland PESTEL Analysis Market
Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/iceland-pestel-analysis-market-research-report
For more information and to
purchase Iceland SWOT Analysis Market Research
Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/iceland-swot-analysis-market-research-report
For more information and to
purchase Iceland Risk Analysis Market
Research Report please visit: https://www.marketresearchreports.com/market-research-reports-inc/iceland-risk-analysis-market-research-report
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