Iceland Connection Between Continents

1
Iceland Connection Between Continents
Reykjavík
2100 km
4200 km
Brussels
New York
2
Iceland - Basic Facts
Population 312,000 people 3,0 inhabitants per
km2
Climate, Reykjavík January -0.5C July 10.6C
Life expectancy Female 83 years Male 79.4 years
Land size 103.000 km2
Exclusive economic zone 200 nautical miles
GDP Per Capita 39,986 (ppp) 54,764
3
Foreign Currency Earnings
Bill. ISK.
4
Foreign Currency Earnings
Total 370 Bill. ISK
5
Value of catch 2006
Value 124 Bill ISK
6
Export of Manufactured Products
Total 93 Bill. ISK
7
Medicinal and Pharmaceutical Prod.
Million ISK.
8
Ferro silicon and Aluminum
Billion ISK
9
Export of Aluminum
Billion ISK
10
Aluminium production in Iceland
11
Exports 2002-2006

12
Exports from Iceland
40
38
36
26
15
10
9
8
5
Thous. mill. ISK.
5
13
Main Trading Areas 2006

14
Export of Software
Bill. ISK
Source Central Bank of Iceland
15
Hi Tech Exports
Billions of ISK
16
Balance of trade 2005-2006
17
GDP per person

• Luxembourg 220
• Norway 146
• USA 144
• Ireland 133
• Switzerland 123
• Iceland 122
• Denmark 118
• Netherlands 117
• Austria 117
• Canada 115
• OECD 100

18
International Comparison
Examples of Icelands performance
Quotes United Nations Human Development Index,
Human Development Report 2005 The IMD World
Competitiveness Yearbook 2005, IMD Switzerland
2005 The Flight of the Creative Class The Global
Creativity Index, Professor Richard Florida
2005 Transparency International The
International Corruption Perception Index 2005
19
The Road to Prosperity
2007
Privatization of banks Low corporate taxes
2000
EEA
1990
1980
EFTA
Investments in the energy sector Icelandic
investments abroad
IcelandStock Exchange
1970
Non-inflationary collective bargains
Quota system in fishing
Pensionfunds
20
Pension fund assets 1985-2005
21
Direct Investments inflows as of GDP 2005
22
Developed countries with the highest outward FDI
stock as apercentage of GDP in 2005.
Source UNCTAD, n.d.
23
Developed countries with the highest FDI outflow
as apercentage of GDP in 2005
Source UNCTAD, n.d.
24
FDI outflow from the Nordic countries in 2005
Source UNCTAD, n.d.
25
Investments Abroad

• Pharmaceuticals
• Retailing
• Banking
• Transportation
• Food Processing
• Real Estate

26
International Investments

• Glitnir
• Kredittbanken, BN Bank, Union Group
• Kaupthing Bank
• FIH, JP Nordiska, Aragon, Sofi, Norvestia, Singer
  Friedlander, NIBC
• Landsbanki
• Heritable Bank, Theather Greenwood, Kepler
  Equities, Cheshire Guernsey Ltd.
• Marel
• Carnitech, CP Food Machinery, Scanvaegt as
• Alfesca
• Labeyrie Group, Lyons Seafoods Ltd.
• Ossur
• Royce Medical Holdings Inc., Gibaud Group

Actavis Group Balkan Pharma, FAKO, Zdravlje,
Amide, Alpharma, Abrika Pharma Bakkavor
Group Katsouris, Geest, Laurens
Patisseries Baugur Group Hamleys, House of
Fraser, Iceland, Karen Millen, Oasis Stores,
Goldsmiths, Julian Graves, Jane Norman, Saks,
Magasin du Nord, Illum Straumur
Burdaras Carnegie, Skandia, Finnair FL
GROUP American Airlines, Finnair, Royal Unibrew,
Icelandic Group Cavaghan Gray,
Wimille Seachill Ltd
27
Iceland goes GlobalProsthetics Food Processing
Machinery
28
Iceland goes GlobalPharmaceuticals Convenience
Foods
29
Iceland goes GlobalFinancial Services
30
Internet Users
31
Information Technology Skills
32
Energy infrastructure
33
Icelandic Companies Abroad
34
From Catch to Consumer
Catch
Domestic
Processing
Export
Import
Fish Auctions
Non Icelandic Raw Material
Freezing Plants
Wholesalers
Processing Plants
Retail
Restaurants
Consumers
International
35
Examples of catch
Greenl. Halibut
36
Fish Industry Cluster

• Catch
• Processing
• Sales
• Technology
• Research
• Financing

37
New Trends

• IT
• Film
• Music
• Design
• Eco Tourism
• Bio Technology
• Bio Medical Engineering

38
Economic growth
39
www.icetrade.is

• Companies
• Products
• Services