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This country note provides an environmental tax and carbon pricing profile for Iceland. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.
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This policy profile is part of the Education Policy Outlook series, which presents comparative analysis of education policies and reforms across OECD countries.
The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.
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As part of the plan to gradually remove capital controls, Iceland has recently introduced several macro-prudential rules, some of which discriminate on the basis of the currency of an operation.
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In 2013, fish products accounted for 26% of total exports and fishing and fish processing represented 9.4% of GDP. The fishing industry is also a major source of employment, accounting for 4.7% of the civilian labour force in 2013. Maintaining a healthy fishing sector is crucial to the overall economic success of the country.
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The rapid development of tourism and energy-intensive industry is exerting increasing pressures on the environmental assets upon which much of Iceland’s growth has been founded.
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Fostering competition can be a challenge given the small size of the Icelandic economy. In a number of important sectors, such as financial services, food and telecoms, only a few firms operate.
I am pleased to open this launch with a broadly positive message. Since successfully completing its stabilisation programme in 2011, Iceland’s economic activity has recovered steadily, returning to its pre-crisis level earlier than crisis-hit euro area countries. Iceland has entered its 5th year of economic recovery and prospects are good.
La reprise en Islande ne s’est jamais démentie depuis la crise financière mondiale, comme l’attestent une activité économique se situant au-dessus des niveaux d’avant la crise ainsi qu’un certain nombre d’autres signes visibles de normalisation, tels que la décrue du chômage, le redressement des finances publiques et l’amélioration de la situation financière des ménages.
The Secretary-General presented the 2015 OECD Economic Survey of Iceland and held meetings with the President of Iceland, the Prime Minster and several other ministers. Mr. Gurría also attended meetings with business and unions, and the Parliament’s Economic and Trade Affairs Committee.