Economy of Iceland
The economy of Iceland is small and subject to high volatility. In 2011, gross domestic product was US$12bn, but by 2018 it had increased to a nominal GDP of US$27bn. With a population of 350,000, this is $55,000 per capita, based on purchasing power parity (PPP) estimates. The financial crisis of 2007–2010 produced a decline in GDP and employment that has since been reversed entirely by a recovery aided by a tourism boom starting in 2010. Tourism accounted for more than 10% of Iceland's GDP in 2017. After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018.
Economy of Iceland-1