OECD Economic Surveys Iceland OVERVIEW http://www.oecd.org/economy/iceland-economic-snapshot/ This document, as well as any data and any map included herein, are without prejudice to the status of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. The statistical data for Israel are supplied by and under the responsibility of the relevant Israeli authorities. The use of such data by the OECD is without prejudice to the status of the Golan Heights, East Jerusalem and Israeli settlements in the West Bank under the terms of international law. OECD Economic Surveys: Iceland© OECD 2021 You can copy, download or print OECD content for your own use, and you can include excerpts from OECD publications, databases and multimedia products in your own documents, presentations, blogs, websites and teaching materials, provided that suitable acknowledgement of OECD as source and copyright owner is given. All requests for public or commercial use and translation rights should be submitted to
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[email protected] of or sovereignty over any territory, to the delimitation of international frontiers and boundaries and to the name of any territory, city or area. 3 Table of contents Executive summary 8 1 Key policy insights 13 The economy is recovering 15 Monetary policy has been eased in response to the Covid-19 crisis 21 The financial system is considered to be sound but vigilance is warranted 23 Fiscal policy is supporting the economy 26 Policies to increase productivity and employment 33 References 42 FIGURES Figure 1.