When thinking about Iceland, a few things probably spring to mind: banking collapses, volcanic eruptions, glaciers, hot springs and fishing. But there is more to this small island economy, nestled between Norway, the UK and Greenland, than meets the eye.
While fishing has been the mainstay of Iceland’s economy for centuries, accounting for approximately 39% of the value of exported goods in 2021, according to Statistics Iceland, Icelanders talk about three main economic pillars: fishing, aluminium and tourism.
