Reviewed by: Editorial Staff
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.