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Iceland: In-depth PESTLE Insights

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Iceland: In-depth PESTLE Insights

Summary

This PEST country analysis report on Iceland provides a holistic view of the country, with insightful analysis of current and future issues, supplemented with relevant quantitative data to support trend analysis.

Key highlights

- The political landscape section discusses the evolution of the political scenario in Iceland, as well as the countrys economic, social, foreign, and defense policies. The section also discusses the countrys performance according to World Bank Governance Indicators.
- The economic landscape section outlines the evolution of Icelands economy, as well as the countrys performance in terms of GDP growth, composition by sector (agriculture, industry, and services), fiscal situation, international investment position, monetary situation, credit disbursement, banking sector, and employment."
- The social landscape section analyzes the governments social welfare policies, as well as the countrys performance in terms of healthcare, income distribution, and education.

Scope

- Understand the political system in Iceland through analysis of key figures in the country and governance indicators.
- Understand the economic situation in Iceland through a balanced assessment of core macroeconomic issues.
- Understand customer demographics in Iceland through analysis of income distribution and the rural-urban split, as well as healthcare and education.
- Understand the technological landscape in Iceland through analysis of relevant laws and policies, as well as patents data.

Reasons to buy

- What is the outlook in Iceland in terms of political stability, policies towards business, and the popularity of the government?
- How does Iceland perform in terms of GDP growth, its fiscal situation, international investment position, monetary situation, and employment?
- How does Iceland perform in terms of healthcare, income distribution, and education?
- How does Iceland perform in terms of technology-intensive sectors like IT, life sciences, and R&D expenditure trends?

Overview 2
Catalyst 2
Summary 2
Key findings 2
PESTLE highlights 4
Key fundamentals 5
Key Facts and Geographic Location 13
Key facts 13
Geographical location 14
PESTLE Analysis 15
Summary 15
Political analysis 16
Overview 16
Current strengths 16
Current challenges 17
Current challenges 18
Future prospects 18
Future risks 19
Economic analysis 20
Overview 20
Current strengths 20
Current challenges 23
Future prospects 26
Future risks 27
Social analysis 28
Overview 28
Current strengths 28
Gender equality 28
Current challenges 29
Future prospects 30
Future risks 31
Technological analysis 33
Overview 33
Current strengths 33
Current challenges 33
Future prospects 34
Future risks 34
Legal analysis 36
Overview 36
Current strengths 36
Current challenges 36
Future prospects 38
Future risks 38
Environmental analysis 39
Overview 39
Current strengths 39
Current challenges 40
Future prospects 40
Future risks 41
Political Landscape 42
Summary 42
Evolution 43
Structure and policies 44
Key political figures 44
Structure of government 44
Key political parties 45
Composition of government 45
Key policies 46
Economic 46
Social 47
Foreign and defense policies 47
Performance 47
Governance indicators 47
Outlook 48
Economic Landscape 49
Summary 49
Evolution 49
Structure and policies 50
Financial system overview 50
Financial authorities and regulators 50
Stock exchange 51
Insurance 52
Performance 52
GDP and growth rate 52
GDP composition by sector 53
Fiscal situation 56
Current account 56
Foreign trade 57
External debt 58
International investment position 58
Credit rating 58
Monetary situation: key monetary indicators 58
Employment 59
Outlook 60
Social Landscape 61
Summary 61
Evolution 61
Structure and policies 62
Demographic composition 62
Education 63
Healthcare 63
Social welfare 64
Performance 64
Healthcare 64
Income distribution 65
Education 65
Outlook 66
Technological Landscape 67
Summary 67
Evolution 67
Structure and policies 67
Intellectual property 67
Research and development 68
Performance 68
Opportunity sectors 68
Research and development 69
Outlook 69
Legal Landscape 70
Summary 70
Evolution 70
Structure and policies 70
Tax regulations 70
VAT 71
Performance 71
Effectiveness of the legal system 71
Outlook 71
Environmental Landscape 72
Summary 72
Evolution 72
Structure and policies 72
Environmental regulations 72
Natural resources management and pollution reduction 73
International co-operation 73
Performance 73
Environmental impact 73
Outlook 74
Appendix 75
ISO codes of selected countries 75
Ask the analyst 76
About MarketLine 76
Disclaimer 76

List Of Tables


Table 1: Iceland - key fundamentals 5
Table 2: Iceland - key facts 13
Table 3: Analysis of Icelands political landscape 16
Table 4: Analysis of Icelands economic landscape 20
Table 5: Analysis of Icelands social landscape 28
Table 6: Analysis of Icelands technology landscape 33
Table 7: Analysis of Icelands legal landscape 36
Table 8: Analysis of Icelands environmental landscape 39
Table 9: Mid-year population by age (as a percentage of population, by gender), 2017 62
Table 10: Patents granted by the USPTO, 2009-15 67

List Of Figures


Figure 1: Map of Iceland 14
Figure 2: Regulatory Quality, 2016 18
Figure 3: Growth performance among select countries, 2009-17 21
Figure 4: Numbers of Visitors and Growth rate, 2009-17 22
Figure 5: Share of tourism in the total export of goods and services, 2012-16 23
Figure 6: Labor productivity, 1991-16 24
Figure 7: FDI restrictiveness, 2017 25
Figure 8: Current account balance % of GDP, 2006-17 26
Figure 9: Real wage change (Annual) 27
Figure 10: Female labor participation rate, 2016 29
Figure 11: Public social expenditure a percentage of GDP, 2016 30
Figure 12: Gini Index, 2015 31
Figure 13: Ratio of the inactive elderly population aged 65 and over to the labor force, 2017 32
Figure 14: Quantity and quality of scientific production (Number of publications), 2015 34
Figure 15: Business enterprise expenditure on R&D, 2005 and 2015 35
Figure 16: Product market regulation, 2013 37
Figure 17: Barriers to entrepreneurship, 2013 38
Figure 18: Greenhouse gas emissions per capita, 2005 and 2015 41
Figure 19: Iceland - key political events timeline 43
Figure 20: Iceland - key political figures 44
Figure 21: Distribution of seats by political parties in the October 2017 elections 46
Figure 22: Icelands historical GDP growth, 2007-17 50
Figure 23: Organizational chart of the FME 51
Figure 24: GDP and growth rate in Iceland, 2012-22f 52
Figure 25: Sector-specific GDP in Iceland, 2017 53
Figure 26: Agricultural output in Iceland, 2012-17 54
Figure 27: Industrial output in Iceland, 2012-17 55
Figure 28: Services output in Iceland, 2012-17 56
Figure 29: Icelands external trade position, 2013-17 57
Figure 30: Consumer price index and CPI-based inflation in Iceland, 2012-22 59
Figure 31: Unemployment rate in Iceland, 2012-22f 60
Figure 32: Major religions in Iceland, 2017 63
Figure 33: Total healthcare expenditure in Iceland, 2011-17 65
Figure 34: Government expenditure on education in Iceland, 2011-16 66
Figure 35: Internet users in Iceland, 2010-15 69
Figure 36: Carbon dioxide emissions in Iceland, 2008-15 74

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Reports Details

Published Date : Aug 2018
No. of Pages :77
Country :Iceland
Category :Consumer Goods
Publisher :MarketLine
Report Delivery By :Email
Report Delivery Time :12 to 24 hours after placing the order.

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