This Survey is published on the responsibility of the Economic and Development Review Committee of the OECD, which is charged with the examination of the economic situation of member countries.The economic situation and policies of Iceland were reviewed by the Committee on 16 May 2013. The draft report was then revised in the light of the discussions and given final approval as the agreed report of the whole Committee on 7 June 2013.The Secretariat’s draft report was prepared for the Committee by David Carey and Wendy Dunn under the supervision of Patrick Lenain. Research assistance was provided by Roselyne Jamin.The previous Survey of Iceland was issued in June 2011.