Economy of Iceland
The facts and figures behind the financial growth
The growth driven Icelandic economy, high living standards and large investments abroad by Icelandic companies has generated great interest. How can a nation of only 300,000 persons enjoy one of the highest GDP per capita in the world and rank number four in Europe for competitiveness according to IMD's World Competitiveness Yearbook 2007? Icelandic companies, grown out of a labour market of 170,000 people, now employ over 100,000 people in 14 countries worldwide. In a world, where pension systems are a growing problem, Icelanders are one of OECD's youngest nations with fast growing pension funds, the assets of which have now reached around 120% of the nations total GDP and growing.
Following is a list of sources on the Icelandic economy and financial sector:
Invest in Iceland: The Competitive Edge of Iceland
Icelandic Financial Services Assocation
Central Bank of Iceland: The Economy of Iceland 2007
Central Bank of Iceland: Financial Stability 2007
Central Bank of Iceland: Economic Indicators, February 2008
The Icelandic FSA confirms the strenght of the Icelandic banks
Chamber of Commerce: A report on Iceland's advance
Chamber of Commerce: A report on Icelandic financial sector
Chamber of Commerce: Financial Stability in Iceland
Ministry of Finance: Economic Forecast for 2007-2009
Kaupthing Bank: Economic Outlook for Iceland - Forecast 2007 to 2009
Iceland Stock Exchange: Snapshot
Kaupthing Bank: The Icelandic Economy – Investing in Iceland
Ministry of Finance: Weekly Web Release, March 6, 2008
Iceland Review Daily News: Interview with Iceland's Prime Minister Mr. Halldór Ásgrímsson
Central Bank of Iceland: Interview with Chairman of the Board of Governors, Mr. David Oddsson
Iceland Review Daily News: Fitch confirms the rating of Icelandic banks and that the outlook is stable
Central Bank of Iceland: Standard & Poor's affirms Iceland's sovereign rating and unchanged outlook
Central Bank of Iceland: Fitch Ratings revises Iceland's outlook to negative
Kaupthing Bank: Ratings
Kaupthing Bank: Research Department
Kaupthing Bank: About the bank
Kaupthing Bank: Company Profile – May 2007
Glitnir: S&P announces Glitnir Bank’s credit rating of A-, 28 March 2006
Glitnir: Information on Funding and liquidity
Glitnir: The Icelandic Banks pass the stress test carried out by Iceland’s Financial Supervisory Authority (FME) at year-end 2005
Landsbanki: Landsbanki's response to recent research and media coverage
Landsbanki: New report from Fitch on the Icelandic banks, 2 March 2006
Landsbanki: Landsbanki's Ratings Affirmed Unchanged by Fitch, 23 February 2006
The Financial Supervisory Authority, Iceland: Rules regarding stress tests and their amendment
The FSA website: General information on the financial market
Central Bank of Iceland: Assets of the Icelandic Pension funds
Central Bank of Iceland: Assets of the Icelandic Pension funds
Central Bank of Iceland: Pension funds – Future prospects and uncertainties
Confederation of Danish Industries: The Nordic recipe for global success, August 2005
