Iceland review - 2016, Síða 99

ICELAND REVIEW 97
INVEST IN ICELAND
SPECIAL PROMOTION
KEY
STATISTICS
The corporate tax rate in Iceland stands at 20 percent.
The unemployment rate is 2.3 percent. In the
long-term, the country’s unemployment rate is projected to
trend around 3.4 percent by 2020.
The annual GDP growth rate for 2016 is expected to be 2.85
percent, whereas the long-term growth rate is forecast to
grow slightly to around 3.43 percent in 2020.
Iceland’s population (332,750) represents less than 0.01 percent
of the world’s total population, which means that one in every
21,834 people on the planet is a resident of Iceland.
The Reykjavík Capital Area is home to 213,760 people.
Iceland recorded a government budget deficit equal to
0.2 percent of the country’s GDP in 2014.
Flight times:
Iceland to New York: 6 h.
Iceland to London: 3 h.
Iceland to Berlin: 3.5 h.
Iceland to Seattle: 7 h 15 m.
The GDP per capita in Iceland in 2014 was USD 59,693, which
is equivalent to almost five times the global average.
The Core Inflation Rate in Iceland increased 2.41 percent in
December 2015 over the same month in the previous year.
The country’s Core Inflation Rate averaged 5.01 percent annually
from 1998 until 2015.
The country’s rate of home ownership increased to 78 percent in
2014 from 77.5 percent in 2013.
Iceland ranked 19th in 2015 for ease of doing business, according
to the World Bank.