How does the Icelandic economy develop? Is it developing well?
Iceland's economy mainly depends on marine fisheries. Fishing provides 60% of Iceland's export income and employs 8% of the working population. In 2005, residents' final consumption increased by 1 1.9%, and fixed assets increased by 34.5%, which was the main reason for GDP growth. Imports increased by 28.4%, resulting in a current account trade deficit of 654.38+062 billion kronor (US$ 2.43 billion), accounting for 654.38+06.3% of GDP, which seriously affected GDP growth. In 2006, Iceland's GDP was1141700 million kronor (18 1 100 million USD), with an annual growth rate of 2.6%, and the per capita GDP exceeded 60,000 USD, reaching 60,370 USD. Compared with the annual growth of 7.5% in 2005, it has dropped significantly. In 2005, the growth rate of gross national income exceeded 6.7%, mainly due to the improvement of trade and the decrease of net expenditure on basic income. Because of the financial tsunami, Iceland became the first bankrupt country in the world. Energy industry Iceland has unique hydropower and geothermal resources. The energy industry is very developed, with sufficient electricity and low prices. Geothermal utilization and development technology is unique in the world. Metallurgical industries such as aluminum smelting and steelmaking have developed rapidly in Iceland. There are three aluminum smelters with annual output of 6.5438+0.78 million tons, 70,000 tons and 90,000 tons, and silicon steel mills with annual output of 6.5438+0.2 million tons. Iceland Reydarfjordur aluminum plant was completed (with an annual output of 320,000 tons), and Grundartangi aluminum plant was expanded (with an annual output of 6,543.8+0.7 million tons). By 2008, the annual output of aluminum in Iceland will reach 760,000 tons. Iceland will become one of the largest aluminum producers in the world, accounting for 5% of the world's aluminum production (1300-140,000 tons). Building materials such as industrial cement, thermal insulation materials, aluminum corrugated boards, paints and coatings can not only meet domestic demand, but also be exported in large quantities. The automobile refitting industry has patented technology and equipment to refit ordinary jeeps into high-power and large-size jeeps for unicycles driving in glaciers, mountains and lava areas. The financial crisis in Iceland in 2008 was a series of events related to the global financial crisis, which directly affected the entire Icelandic economy and banking system. The three major banks in Iceland were affected, and the control rights were turned into state-owned one after another. In late September 2008, the Icelandic government announced the nationalization of Glitnir Bank. The following week, the control of the Icelandic National Bank (Landsbanki) was also handed over to the Icelandic Financial Supervisory Authority. Soon after, the Financial Supervisory Authority took over Kaupthing Bank, Iceland's largest bank. Iceland's financial industry suffered heavy losses in the global credit crisis. The exchange rate of the Icelandic krona against the euro has shrunk by 30%, the foreign debt has exceeded US$ 6,543.8+03.83 billion, and the GDP is only US$ 6,543.8+09.37 billion. Iceland is in danger of "national bankruptcy". On June 7, 2008, the Icelandic government announced that it would seek a loan of 4 billion euros from Russia to tide over the difficulties. Political and economic analysts in western countries believe that it is "rare" and "geopolitical" for NATO members to ask Russia for help.