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Tourism accounted for more than 10% of Iceland's GDP in 2017. [18] After a period of robust growth, Iceland's economy is slowing down according to an economic outlook for the years 2018–2020 published by Arion Research in April 2018. [19] Iceland has a mixed economy with high levels of free trade and government intervention.
In 2016, 71.6% of the population belonged to the state church (the Evangelical Lutheran Church of Iceland), approximately 5% in free churches, 3.7% to the Roman Catholic Church, approximately 1% to the Ásatrúarfélagið (a legally recognized revival of the pre-Christian religion of Iceland), approximately 1% to Zuism, 8% in unrecognized or ...
In 1954, Iceland applied to take part in qualification for the 1954 World Cup, but the application was rejected. [11] In qualification for the 1958 World Cup, Iceland finished last in their group with zero wins, conceding 26 goals. [11] In 1980, Iceland won the first edition of the friendly tournament known as the Greenland Cup. [15]
Iceland's stock market, the Iceland Stock Exchange (ISE), was established in 1985. [147] Iceland is ranked 27th in the 2012 Index of Economic Freedom, lower than in prior years but still among the freest in the world. [148] As of 2016, it ranks 29th in the World Economic Forum's Global Competitive Index, one place lower than in 2015. [149]
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