OECD Economics Department Working Papers

ISSN: 
1815-1973 (online)
http://dx.doi.org/10.1787/18151973
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Working papers from the Economics Department of the OECD that cover the full range of the Department’s work including the economic situation, policy analysis and projections; fiscal policy, public expenditure and taxation; and structural issues including ageing, growth and productivity, migration, environment, human capital, housing, trade and investment, labour markets, regulatory reform, competition, health, and other issues.

The views expressed in these papers are those of the author(s) and do not necessarily reflect those of the OECD or of the governments of its member countries.

 

Sustaining nature-based tourism in Iceland You or your institution have access to this content

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Author(s):
Douglas Sutherland, Jane Stacey
11 Oct 2017
Bibliographic information
No.:
1422
Pages:
39
http://dx.doi.org/10.1787/f28250d9-en

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Iceland has been experiencing a tourism boom. The number of tourists visiting annually quadrupled between 2010 and 2016 and shows continued strength. The tourism sector is now the major export earner and is also creating new jobs and supporting new businesses. The government budget has also benefitted from high tax revenues. The surge in tourism supported growth after the crisis and the sector has become a major pillar of the economy. But, the breakneck growth of tourism has created a number of challenges. Growing pains have emerged as accommodation supply has lagged in the wake of unexpectedly large number of tourists, contributing to pressure on the local housing market. The environment, particularly in some popular sites, has also come under pressure. The government has reacted to these environmental and social impacts and has worked with the industry to agree on a path forward. Sustaining a nature-based tourism for Iceland will require more coordinated policy across government and a long-term strategic plan that builds on Iceland's strengths. Protecting the unique environmental attractions of Iceland - while mitigating adverse social impacts - will lay the basis for the healthy development of a new important sector.

This working paper relates to the 2017 OECD Economic Survey of Iceland (http://www.oecd.org/eco/surveys/economic-survey-iceland.htm).
Keywords:
housing, growth, environment, Tourism, sustainabile development
JEL Classification:
  • F64: International Economics / Economic Impacts of Globalization / Environment
  • O44: Economic Development, Innovation, Technological Change, and Growth / Economic Growth and Aggregate Productivity / Environment and Growth
  • Q56: Agricultural and Natural Resource Economics ; Environmental and Ecological Economics / Environmental Economics / Environment and Development ; Environment and Trade ; Sustainability ; Environmental Accounts and Accounting ; Environmental Equity ; Population Growth
  • R31: Urban, Rural, Regional, Real Estate, and Transportation Economics / Real Estate Markets, Spatial Production Analysis, and Firm Location / Housing Supply and Markets
  • Z32: Other Special Topics / Tourism Economics / Tourism and Development
  • Z38: Other Special Topics / Tourism Economics / Policy
 
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