Iceland: by Mohammed Zakaria 215115066

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ICELAND

By
Mohammed Zakaria
215115066
Introduction
Nordic island country in North Atlantic Ocean
Population- 333,659
Area- 103,000 Km2
Capital Reykjavik
Settlement started in 874 AD
Iceland largely dependent on fishing and agriculture
Economy
Relatively low taxes when compared to other OECD
countries
It maintains a Nordic social welfare
It ranks 7th in HDI
Runs almost completely in renewable energy
Was largely affected by the financial crisis in 2008
Recovered by concentrating more on tourism
Ranked among the top 10 greenest economies in the
world
Economic stabilizers
Use of renewable sources of energy( around 85%)
Fishing provides 40% of export earnings and employs
7% of workforce
Other products that are exported
Aluminium
Ferro Silicon
Extracts from whale
Diversifying into Manufacturing and service industries in the last
decade.
Tourism
Agriculture
THANK YOU

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