Agriculture
Iceland is primarily a food-producing country. The land itself is, in many respects, untouched by modern civilization, and the level of pollution is relatively low. These are unique conditions for producing wholesome and unpolluted agricultural products. Iceland is self-sufficient in the production of meat, dairy products, eggs and to a large extent also in the production of most vegetables. More »
Energy
Iceland is the only country in Western Europe that still has large resources of competitively priced hydroelectric- and geothermal energy. Although electricity consumption per capita in Iceland is one of the highest in the world, only a fraction of the country's energy potential has been utilized.
Competitively priced electricity has attracted foreign investors to Iceland in industries such as aluminium and ferrosilicon production. Export-orientated power-intensive industries now consume more than half of the country's electricity production.
Icelanders are world leaders in the use of geothermal energy for domestic and industrial purposes. Some 86% of the population enjoy district heating by geothermal energy at a price usually less than half of the comparable cost of oil or electric heating. This is one of the factors that make Iceland one of the cleanest environments in Europe.
Both hydro and geothermal power are sustainable and supremely environment-friendly resources which are free from the atmospheric emissions of fossil fuels and the potential hazards of radioactive power sources. More »
Fisheries
The Trade Council of Iceland provides Icelandic fisheries companies with comprehensive information on international marketing. More »
IT Sector
Information Technology has been one of the fastest growing sector of the Icelandic economy. More »
Biotechnology
Iceland makes an ideal home for biotechnology research as the population is, genetically speaking, relatively homogeneous. The country has a sophisticated, high-quality healthcare system and extensive genealogical records. More »
Tourism
With a steady increase in the number of foreign tourists during the past two decades, More »
Iceland achieved an impressive economic record the last decade, with one of the highest consistent growth rates in the world and low inflation and unemployment. At the end of 2008, however, Iceland was in the headlines of the international press for unenviable reasons. In the wake of the global financial crisis, Iceland's three largest private banks experienced major liquidity problems and were, within the space of a few days, taken into government administration. More »
Creative industries
Icelandic design and culture have gained international recognition during the last few years. Music, films, books and fashion design have contributed to Reykjavik's status as “The Capital of Cool”. Young designers and filmmakers are taking advantage of the rich cultural heritage while being in the mainstream of global cultural trends and fashion.
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