PESTLE Insights: Macroeconomic Outlook Report – Iceland

2018-11-05
Price :
Published : Nov-2018
No. of Pages : 41

PESTLE Insights: Macroeconomic Outlook Report – Iceland

Summary

Greater Reykjavik area, which comprises cities of Reykjavik, Kópavogur and Hafnarfjörður, generates 59% of the Iceland’s GDP and comprises 64.1% of the country’s population.

Financial intermediation, real estate and business activities contributed majorly (24.8%) to the GVA in 2017, followed by mining, manufacturing and utilities (17.3%) and wholesale and retail trade (12.7%). All the three sectors are forecasted to grow by 6.1%, 6.6% and 6.55, respectively, in 2018.

Scope

– Iceland has an excellent air connectivity with other parts of the world. It takes 2.5-3 hrs to Europe and 5-7 hrs to North America on an average
– Sharp rise in tourist inflows in Iceland is putting pressures on infrastructure of the country. Number of infrastructure projects for development of roads, train, airport and social infrastructure has been envisaged by the government which creates opportunity for private players over next decade. Tender for these projects is expected within next few years (2019-2022)
– OMXIPI includes all shares listed on OMX Nordic Exchange Iceland. Declining trend of the OMXIPI index over the last one year exhibits marginal slowdown of economy.

Reasons to buy

– Macroeconomic Outlook Report identifies the potentials of the country as an investment destination by analyzing the political, economic, social, technological, legal and environmental (PESTLE) structure.
– PESTLE Insights provides 360 degree view of the economy which can be used as a strategic tool to understand the market dynamics, business potentials and direction of operations
– Along with providing the country’s snapshot, the report captures the risk factors pertaining to the macroeconomic risks, political environment, legal environment, demographic and social structure effectiveness, technology & infrastructure and natural and geographic aspects that might impact business.
– This report also highlights key clusters/cities which contribute significantly to the country GDP and population along with major companies’ presence in these areas.

Filed in: Banking & Finance, Insurance
Publisher : GlobalData
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