The backbone of
any country's economy. And
beyond geographical factors, making a country known in the world economy. The
stronger the economy, the more attention you attract people. Iceland
is known to us all as a small and beautiful country. The
Icelandic economy is a mixed economy which, although it is essentially
capitalist, it supports the concept of a welfare state as well.
The standard of living in Iceland is very high and is comparable to most European countries. Privatization is quite rampant in Iceland, with only a few commercial banks and units of energy, always under the control of the government. The three major banks in Iceland include Glitnir, Landsbanki and Kaupthing Bank. The Icelandic stock market is called Kauphöll islands and its currency the Icelandic króna (ISK).
The standard of living in Iceland is very high and is comparable to most European countries. Privatization is quite rampant in Iceland, with only a few commercial banks and units of energy, always under the control of the government. The three major banks in Iceland include Glitnir, Landsbanki and Kaupthing Bank. The Icelandic stock market is called Kauphöll islands and its currency the Icelandic króna (ISK).
The other sectors
that affect the economy here are the areas of manufacturing and services. But
manufacturing also focuses a lot on the equipment necessary for the fishing
industry and its products. Grazing ferrisilicon aluminum casting
production are also other areas of notables. Even
fast biotechnology began to gain ground here.
Icelanders benefit extensively and learned to use
skillfully, its natural resources for the cable. Energy
generation includes hydro and geothermal energy, thanks to the abundance of
geysers in the area.And Iceland to be so blessed naturally, how can we forget the impact of tourism on the economy? Recent off tourism has experienced rapid growth and contributes much to the Icelandic economy.
Iceland exports other than fish and the products expected of medical products. Otherwise, Iceland depends on imports for other products. Trade with European countries, the Scandinavian countries, Germany and the United States is common.
Iceland is therefore not invite only physically, but also has a great economy.
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