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Useful information about economy issues in Iceland


Reviewed by: Editorial Staff

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Iceland’s economy relies heavily on foreign trade. Fisheries and related products constitute the largest proportion of exports, followed by aluminium and animal products. Its chief imports include machinery and equipment, petroleum products, foodstuffs and textiles.

The average daily budget for a tourist in Iceland is about 15,000 Íkr to 25,000 Íkr. If travelling in a group, guesthouses can be a cheaper option to hostels.

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What travelers say

ILIVE IN ENK 2/6/2014 At 18:30
Enniskillen 8
good place, I live here so in all the thing that...

Paola 8/28/2013 At 13:29
Reykjavik 7
Iceland is a dream for those who love nature. It...

Andreina 8/23/2013 At 15:37
Reykjavik 8
Iceland is a beautiful island, it's still not...