1 Indonesian Rupiah = 0.0098 Icelandic Krona

1 Lithuanian Lita = 49.5269 Icelandic Krona

1 Nigerian Naira = 0.375 Icelandic Krona

1 Czech Republic Koruna = 5.8187 Icelandic Krona

1 Bolivian Boliviano = 21.2075 Icelandic Krona

1 Japanese Yen = 1.3709 Icelandic Krona

Iceland and Japan, two nations rich with underground sources of renewable energy, can tackle climate change together by promoting the use of geothermal power, Iceland’s environment minister said.

Iceland is moving closer to plugging European homes into the volcanic island nation’s geothermal and hydropower reserves via what would be the world’s longest power cable, according to the country’s largest energy producer.

Last week, the Icelandic government rolled out several new environmental policies and proposals addressing climate change as part of the country's second COVID-19 economic stimulus package.

Iceland must do more to ensure its law enforcement authorities are coordinated and adequately resourced to investigate and prosecute economic and financial crime, including foreign bribery, says the OECD in a new report.

The country profile: pension eligibility ages and other qualifying conditions; the rules for calculating benefit entitlements; the treatment of early and late retirees; personal income tax and social security contributions.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2011.

This note is taken from Chapter 2 of Economic Policy Reforms: Going for Growth 2012.

The President of Iceland, Mr. Olafur Ragnar Grimsson, will visit the OECD on Wednesday 27th February 2013. On this occasion, Mr. Olafur Ragnar Grimsson will meet on a bilateral basis with Mr. Angel Gurría, Secretary-General of the OECD. He will also give an address to a special session of the OECD Council, focused on Sustainable Development and Energy.

In his speech to OECD Ambassadors, the President of Iceland discussed how Iceland could offer lessons on the nature of a clean energy economy; and presented some insights from Iceland's recent challenges in dealing with the financial crisis.

Mr. Angel Gurría, Secretary-General of the OECD, will travel to Reykjavik to meet with Mr. Ólafur Ragnar Grímsson, President of Iceland, Mr. Sigmundur Davíð Gunnlaugsson, Prime Minister, Mr. Bjarni Benediktsson, Minister of Finance and Economic Affairs, and other members of the government.

This note presents key findings for Iceland from Society at a Glance 2014 - OECD Social indicators. This 2014 publication also provides a special chapter on: the crisis and its aftermath: a “stress test” for societies and for social policies.

Country profiles highlight some key findings from TALIS 2013 for individual countries and economies

Iceland must balance growth in power and tourism industries with nature conservation, OECD says Iceland has one of the world’s most pristine natural environments and its glaciers, volcanoes and hot underground springs bring major economic benefits via renewable energy and tourism.

Going for Growth 2015: Key findings for Iceland

The OECD Working Group on Bribery has serious concerns about Iceland’s lack of progress in combatting the bribery of foreign public officials, and to implement the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

Labour market conditions in Iceland further improved during the last year. In March 2015 the harmonised unemployment rate stood at 4.2% of the labour force, 1 percentage point lower than a year earlier.

The Secretary-General presented the 2015 OECD Economic Survey of Iceland and held meetings with the President of Iceland, the Prime Minster and several other ministers. Mr. Gurría also attended meetings with business and unions, and the Parliament’s Economic and Trade Affairs Committee.

The 2015 edition introduces more detailed analysis of participation in early childhood and tertiary levels of education. The report also examines first generation tertiary-educated adults’ educational and social mobility, labour market outcomes for recent graduates, and participation in employer-sponsored formal and/or non-formal education.

This policy profile is part of the Education Policy Outlook series, which presents comparative analysis of education policies and reforms across OECD countries.

Biographical note of Iceland's Permanent Representative to the OECD.

This country note provides an environmental tax and carbon pricing profile for Iceland. It shows environmentally related tax revenues, taxes on energy use and effective carbon rates.

This country note presents student performance in science, reading and mathematics, and measures equity in education in Iceland. The interactive charts allow you to compare results with other countries participating in the OECD Programme for International Student Assessment (PISA).

Despite a small aid budget, Iceland stands out among donors for its commitment to supporting the poorest countries and using its expertise in areas like renewable energy, land restoration and gender equality for aid programmes that advance global goals, according to a new OECD report.

Iceland is the OECD’s smallest economy and,currently,the fastest growing. A booming financial services and construction led to a deep financial crisis in 2008. However, Iceland has made a remarkable turnaround, helped by spectacular growth of tourism, prudent economic policies and a favourable external environment.

This note presents selected country highlights from the OECD Science, Technology and Industry Scoreboard 2017 with a specific focus on digital trends among all themes covered.

This note presents marginal effective tax rates (METRs) that summarise the tax system’s impact on the incentives to make an additional investment in a particular type of savings. By comparing METRs on different types of household savings, we can gain insights into which assets or savings types receive the most favourable treatment from the tax system.

This country note for Iceland provides detail on the proportion of CO2 emissions from energy use subject to different effective carbon rates (ECR), as well as on the level and components of average ECRs in each of the six economic sectors (road transport, off-road transport, industry, agriculture and fishing, residential & commercial, and electricity).

The digital revolution, globalisation and demographic changes are transforming labour markets at a time when policy makers are also struggling with slow productivity and wage growth and high levels of income inequality. The new OECD Jobs Strategy provides a comprehensive framework and policy recommendations to help countries address these challenges.

The Icelandic standard VAT rate is 24.0%, which is above the OECD average. The average VAT/GST¹ standard rate in the OECD was 19.3% as of 1 January 2019. The previous standard VAT rate in Iceland was 25.5% in 2014. It changed to the current level in 2015. Iceland applies reduced VAT rates of 0% and 11% to a number of goods and services.

Sound macroeconomic policies and favourable external conditions have enabled Iceland’s economy to emerge stronger from a decade of post-crisis management. Yet the impact on growth from a drop in tourist arrivals and seafood exports underlines the need for reforms to open up and diversify the economy and improve its resiliency to sectoral shocks, according to the latest OECD Economic Survey of Iceland.

This country note explains how Iceland taxes energy use. The note shows the distribution of effective energy tax rates across all domestic energy use. It also details the country-specific assumptions made when calculating effective energy tax rates and matching tax rates to the corresponding energy base.

The tax-to-GDP ratio in Iceland decreased by 0.8 percentage points from 37.5% in 2017 to 36.7% in 2018. The corresponding figure for the OECD average was a slight increase of 0.1 percentage point from 34.2% to 34.3% over the same period.

This note presents selected findings based on the set of well-being indicators published in How's Life? 2020.

The tax wedge for the average single worker in Iceland decreased by 0.3 percentage points from 33.4 in 2018 to 33.1 in 2019. The OECD average tax wedge in 2019 was 36.0 (2018, 36.1). In 2019 Iceland had the 25th lowest tax wedge among the 36 OECD member countries, compared with the 24th in 2018.

The country profile: pension eligibility ages and other qualifying conditions; the rules for calculating benefit entitlements; the treatment of early and late retirees; personal income tax and social security contributions.

In his speech to OECD Ambassadors, the President of Iceland discussed how Iceland could offer lessons on the nature of a clean energy economy; and presented some insights from Iceland's recent challenges in dealing with the financial crisis.

Iceland must balance growth in power and tourism industries with nature conservation, OECD says Iceland has one of the world’s most pristine natural environments and its glaciers, volcanoes and hot underground springs bring major economic benefits via renewable energy and tourism.

This paper analyses the reform undertaken by Iceland to avert a looming crisis and restore fish stocks to sustainable levels; and outlines the process involved in designing and implementing this reform. It also reflects on the challenges encountered and the environmental, economic and social impacts of the reform. This country study draws on the OECD report "The Political Economy of Biodiversity Policy Reform".

In his speech to OECD Ambassadors, the President of Iceland discussed how Iceland could offer lessons on the nature of a clean energy economy; and presented some insights from Iceland's recent challenges in dealing with the financial crisis.

Iceland must do more to ensure its law enforcement authorities are coordinated and adequately resourced to investigate and prosecute economic and financial crime, including foreign bribery, says the OECD in a new report.

The OECD Working Group on Bribery has serious concerns about Iceland’s lack of progress in combatting the bribery of foreign public officials, and to implement the OECD Convention on Combating Bribery of Foreign Public Officials in International Business Transactions.

The Mail on Sunday's Sarah Turner checked into The Retreat, which takes Iceland's most seminal experience - bathing in the milky waters of the Blue Lagoon - and raises it to new levels.

The Mail on Sunday's Sarah Turner checked into The Retreat, which takes Iceland's most seminal experience - bathing in the milky waters of the Blue Lagoon - and raises it to new levels.

Rick Wunderman of the Global Volcanism Program at the Smithsonian's National Museum of Natural History talks about the current volcanic activity in Iceland.

The post Smithsonian volcanologist Rick Wunderman talks about volcanos and the recent eruptions in Iceland appeared first on Smithsonian Insider.