Business Segments

Agriculture
Iceland is primarily a food-producing country. The land itself is, in many respects, untouched by modern civilization, and the level of pollution is relatively low. These are unique conditions for producing wholesome and unpolluted agricultural products. Iceland is self-sufficient in the production of meat, dairy products, eggs and to a large extent also in the production of most vegetables. More
 

Energy
Iceland is the only country in Western Europe that still has large resources of competitively priced hydroelectric- and geothermal energy. Although electricity consumption per capita in Iceland is one of the highest in the world, only a fraction of the country's energy potential has been utilized. More
 

Fisheries

The Promote Iceland provides Icelandic fisheries companies with comprehensive information on international marketing. More
 

IT Sector
Information Technology has been one of the fastest growing sector of the Icelandic economy. More
 

Biotechnology
Iceland makes an ideal home for biotechnology research as the population is, genetically speaking, relatively homogeneous. The country has a sophisticated, high-quality healthcare system and extensive genealogical records. More
 

Tourism
With a steady increase in the number of foreign tourists during the past decades, Iceland has now reached a millenium milestone when tourists have outnumbered the local population for the first time. As a result, tourism has leapfrogged industrial products as the country’s second most valuable source of currency income. Fish products still being the most valuable. More
 

Iceland achieved an impressive economic record the last decade, with one of the highest consistent growth rates in the world and low inflation and unemployment. At the end of 2008, however, Iceland was in the headlines of the international press for unenviable reasons. In the wake of the global financial crisis, Iceland's three largest private banks experienced major liquidity problems and were, within the space of a few days, taken into government administration. More
 

Creative industries
Icelandic design and culture have gained international recognition during the last few years. Music, films, books and fashion design have contributed to Reykjavik's status as “The Capital of Cool”. Young designers and filmmakers are taking advantage of the rich cultural heritage while being in the mainstream of global cultural trends and fashion. More