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 23 June 2015. The draft was revised in the light of the discussion and given final approval as the agreed report of the whole Committee on 15 July 2015.The Secretariat's draft report was prepared for the Committee by Douglas Sutherland and Jonathan Millar under the supervision of Patrick Lenain. Damien Azzopardi and Valery Dugain provided the statistical research assistance, and Brigitte Beyeler provided the administrative support. The Survey also benefited from contributions by Gunnar Haraldsson.The previous Survey of Iceland was issued in June 2013