Iceland is a Nordic island country in the North Atlantic Ocean. It has a population of and an area of 103000 km2, making it the most sparsely populated country in all of Europe.[1] The capital and largest city is Reykjavík. Reykjavík and the surrounding areas in the southwest of the country are home to over two-thirds of the population. Iceland is volcanically and geologically active.
Iceland has a market economy with relatively low taxes compared to other OECD countries.[2] It maintains a Nordic social welfare system that provides universal health care and tertiary education for its citizens.[3] Iceland ranks high in economic, political and social stability and equality. In 2013, it was ranked as the 13th most-developed country in the world by the United Nations' Human Development Index.[4] Iceland runs almost completely on renewable energy. Affected by the 2008 financial crisis, the nation's entire banking system failed in October 2008, leading to the 2008–2011 Icelandic financial crisis and a severe depression, the 2009 Icelandic financial crisis protests, the Icesave dispute, and the institution of capital controls. Many bankers were jailed,[5] and the economy has made a significant recovery, in large part due to a surge in tourism.[6]
As of 2011, there were approximately 32,500 companies registered in Iceland of which 14,500 (45%) were active.[9]
Notable firms
This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
See also
- Economy of Iceland
- List of Icelandic brands
- List of restaurants in Iceland
References
- Statistics Iceland Government, The National Statistical Institute of Iceland, 14 September 2008, retrieved 14 September 2008^
- OECD Tax Database Oecd.org, retrieved 26 January 2010^
- Stefán Ólafsson. The Icelandic Welfare State and the Conditions of Children borg.hi.is, 12 May 2004, retrieved 22 April 2010