1887

Iceland

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Études économiques consacrées périodiquement par l'OCDE à l’économie de l’Islande. Chaque étude analyse les grands enjeux auxquels le pays fait face. Elle examine les perspectives à court terme et présente des recommandations détaillées à l’intention des décideurs politiques. Des chapitres thématiques analysent des enjeux spécifiques. Les tableaux et graphiques contiennent un large éventail de données statistiques.

English

OECD’s periodic surveys of the Icelandic economy. Each edition surveys the major challenges faced by the country, evaluates the short-term outlook, and makes specific policy recommendations. Special chapters take a more detailed look at specific challenges. Extensive statistical information is included in charts and graphs.

French

Committed to fighting poverty, Iceland invests in marginalised and rural communities in low-income and fragile contexts through district-level approaches and multilateral and civil society partners. Iceland strongly emphasises respect for human rights, gender equality and the environment. It has committed almost half of its bilateral allocable aid to projects and programmes promoting the inclusion and empowerment of persons with disabilities. Iceland’s total official development assistance (ODA) (USD 115.5 million, preliminary data) increased in 2023, representing 0.36% of gross national income (GNI).

La croissance économique se repliera pour atteindre 1.9 % en 2024, sur fond de ralentissement des exportations. Elle rebondira toutefois pour s’établir à 2.8 % en 2025. La consommation privée restera médiocre à court terme, du fait de la faiblesse des salaires réels, mais se redressera en 2025 à la faveur d’une augmentation du revenu disponible. L’investissement des entreprises restera faible en 2024 en raison d’une confiance fragile, mais regagnera en vigueur en 2025 sur fond de détente des conditions financières. L’investissement en logements redémarrera après trois années de contraction. Le tourisme étranger ne progressera guère à cause des contraintes de capacité. Le taux de chômage, légèrement en hausse, se rapprochera de 4 %.

English

Economic growth will decline to 1.9% in 2024 as exports slow but rebound to 2.8% in 2025. Private consumption will remain lacklustre in the near term, reflecting subdued real wages, but will pick up in 2025 as disposable income strengthens. Business investment will remain weak in 2024 as confidence is fragile but will regain momentum in 2025 as financial conditions ease. Housing investment will resume after three years of contraction. Foreign tourism will hardly grow due to capacity constraints. The unemployment rate will edge up to near 4%.

French

This chapter includes data on the income taxes paid by workers, their social security contributions, the family benefits they receive in the form of cash transfers as well as the social security contributions and payroll taxes paid by their employers. Results reported include the marginal and average tax burden for eight different family types.Methodological information is available for personal income tax systems, compulsory social security contributions to schemes operated within the government sector, universal cash transfers as well as recent changes in the tax/benefit system. The methodology also includes the parameter values and tax equations underlying the data.

Iceland has 41 tax agreements in force as reported in its response to the Peer Review questionnaire, including the multilateral Nordic Convention concluded with Denmark, the Faroe Islands, Finland, Norway and Sweden (the Nordic Convention). See the Multilateral convention concluded by Denmark, Finland, the Faroe Islands, Iceland, Norway and Sweden: for the avoidance of double taxation with respect to taxes on income and on capital (1996, 1997, 2008 and 2018). Thirty-one of those agreements, including the Nordic Convention, comply with the minimum standard.

French

Gross domestic product (GDP) is the standard measure of the value of final goods and services produced by a country during a period minus the value of imports. This subset of Aggregate National Accounts comprises comprehensive statistics on gross domestic product (GDP) by presenting the three different approaches of its measure of GDP: output based GDP, expenditure based GDP and income based GDP. These three different measures of gross domestic product (GDP) are further detailed by transactions whereby: the output approach includes gross value added at basic prices, taxes less subsidies, statistical discrepancy; the expenditure approach includes domestic demand, gross capital formation, external balance of goods and services; and the income approach includes variables such as compensation of employees, gross operating surplus, taxes and production and imports. Gross domestic product (GDP) data are measured in national currency and are available in current prices, constant prices and per capita starting from 1950 onwards.

 

The Pensions at a Glance database includes reliable and internationally comparable statistics on public and mandatory and voluntary pensions. It covers 34 OECD countries and aims to cover all G20 countries. Pensions at a Glance reviews and analyses the pension measures enacted or legislated in OECD countries. It provides an in-depth review of the first layer of protection of the elderly, first-tier pensions across countries and provideds a comprehensive selection of pension policy indicators for all OECD and G20 countries.

This dataset contains data on metropolitan regions with demographic, labour, innovation and economic statistics by population, regional surface, population density, labour force, employment, unemployment, GDP, GDP per capita, PCT patent applications, and elderly dependency ratio.

This dataset contains tax revenue collected by Iceland. It provides detailed tax revenues by sector (Supranational, Federal or Central Government, State or Lander Government, Local Government, and Social Security Funds) and by specific tax, such as capital gains, profits and income, property, sales, etc.

 

This dataset comprises statistics on different transactions and balances to get from the GDP to the net lending/borrowing. It includes national disposable income (gross and net), consumption of fixed capital as well as net savings. It also includes transaction components such as net current transfers and net capital transfers. Data are expressed in millions of national currency as well as US dollars and available in both current and constant prices. Data are provided from 1950 onwards.

This dataset comprises statistics pertaining to pensions indicators.It includes indicators such as occupational pension funds’asset as a % of GDP, personal pension funds’ asset as a % of GDP, DC pension plans’assets as a % of total assets. Pension fund and plan types are classified according to the OECD classification. Three dimensions cover this classification: pension plan type, definition type and contract type.
This dataset includes pension funds statistics with OECD classifications by type of pension plans and by type of pension funds. All types of plans are included (occupational and personal, mandatory and voluntary). The OECD classification considers both funded and book reserved pension plans that are workplace-based (occupational pension plans) or accessed directly in retail markets (personal pension plans). Both mandatory and voluntary arrangements are included. The data includes plans where benefits are paid by a private sector entity (classified as private pension plans by the OECD) as well as those paid by a funded public sector entity. Data are presented in various measures depending on the variable: millions of national currency, millions of USD, thousands or unit.

Economic growth will drop to 2.0% in 2024 and edge up to 2.3% in 2025. Private consumption will ease as real wage growth is modest. Business investment will moderate as financial conditions continue to deteriorate and confidence remains lacklustre. Despite tighter financial conditions, housing investment will pick up to satisfy pent-up demand. Public investment will decline in 2024 and remain subdued in 2025. Goods exports and foreign tourism will slow. The unemployment rate will rise gradually to around 4.5%.

French
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