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In recent years Iceland has achieved high growth, low unemployment, and an even distribution of income. With fishing and aluminum being the driving factors for the ecoonomy in the past.
With fishing and aluminium smelting being the driving factors in the past, tourism has swiftly surpassed these categories. Since 2010 tourism has been the driving factor for Icelands growth. The number of tourists visiting the island has now exceeded 400% its own population. This economy runs off of a capitalist structure with a free market system.
Real GDP: $25.6 Billion (2021)
Real GDP Growth Rate: 4.4%
GDP per Capita: $68,727 (2020)
Inflation Rate: 9.6%
Unemployment Rate: 5.40%
I predict that Icelands future economy will be relatively stable in the future years. This country relies heavily on the exports of aluminum with its use of geothermal and hydropower uses. The economy is sensitive to fluctuations in the worlds prices to its main exports.
https://www.cia.gov/the-world-factbook/countries/iceland/#economy
https://online.culturegrams.com/world/world_country.php?contid=5&wmn=Europe&cid=73&cn=Iceland
https://datacommons.org/place/country/ISL?utm_medium=explore&mprop=amount&popt=EconomicActivity&cpv=activitySource%2CGrossDomesticProduction&hl=en