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DispatchFactbookEconomy

by The Republic of An Ioslainnd. . 4 reads.

Economy - Iceland / needs to be reformatted

Projects of Iceland

The Lava Line is a double tracked railway from Keflavik Airport to a hub in Reykjavik. It has two stops in Hafnarfj÷r­ur and Kˇpavogur as per a condition given in each municipality. The line will be above ground from Keflavik to Hafnarfj÷r­ur and below ground from Hafnarfj÷r­ur to Reykjavik.

Keflavik to Hafnarfj÷r­ur - 250km/h
Hafnarfj÷r­ur to Kˇpavogur - 150km/h
Kˇpavogur to Reykjavik - 100km/h

Read dispatch

Economy of Iceland - Efnahagur ═slands

Reykjavik, the Financial Center of Iceland.

Currency
Icelandic Krˇna (ISL)

Fiscal year
Calendar Year

Trade organizations
Nordic Council, Others

Country group
Developed High-income Economy

Statistics

GDP
US$20 Billion (2017 est.)

GDP Growth
1.9%

GDP Per Capita
US$58,000 (2017 est.)

Inflation (CPI)
1.9%

Population below
poverty line
8%

Gini coefficient
.23 (2015)

Unemployment
▼ 2.9%

External

Exports
US$5.1 Billion (2017)

Export goods
Fish and fish products
aluminum, animal productsferrosilicon, diatomite

Main export partners
Netherlands
UK
Spain
Germany
France

Imports
US$4.6 Billion (2017)

Import goods
Machinery and equipment
petroleum products
foodstuffs, textiles

Main import partners
Denway
US
Germany
Sweden
UK

Public finances

Public Debt
40% of GDP (2017)

Revenues
6 Billion

Expenses
6 Billion

Economic Aid
donor: ODA, $20 Million (2016)

Crediting rating
A+ (Domestic)
A+ (Foreign)

Foreign reserves
US$9 Billion

Taxation

Tax Rate
19%

Corporate Tax
20%

Sales Tax
5%

RawReport