Economy of Iceland

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Title: Economy of Iceland

Essay Details:

Subject: Miscellaneous

Author: Samantha O

Date: April 17, 2016

Level: University

Grade: A

Length: 8 / 2285

Essay text:

Therefore, spending on health, education, social security and welfare amounted to one fourth of the GDP. Almost 40% of the GDP is the total tax burden in Iceland. All of these factors make Iceland the fifth-richest nation according to IMF, and the first according to the Human Development Index. Iceland registered a healthy growth rate of 3% in 2003-2005 while in 2005 the economy boomed with 5.8%. In 2006, the growth rate was 4.2% while it declined to 4% in 2007. It is expected to decline further in 2008. The population of Iceland is 312,872 which grew at 2.6% annually. It has a workforce of 176,300 people...

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