Key Financial Indicators and Balance Sheet Analysis Q1 2023
We are confident about the economy's ability to generate new exports
IP-intensive and other new
exports are a significant
part of the economy
Recent growth has been
impressive
Ambitious plans going
forward
8
Composition of Iceland's exports in 2022
- %
Exports of selected sectors in real terms
- bn. ISK at 2022 prices*
Other goods and services
23%
Seafood
Transport excl. tourism
Buiness services
ICT*
Manufacturing goods
486
455
+5% CAGR
431
77
424
Aquaculture
402
388
382
346
335
26%
Energy intensive industries
312
315
26%
Travel & tourism
26%
Other
2022
*Sources: Statistics Iceland, Central Bank of Iceland, Arion Research
calculations. Other exports excluding airplanes and ships.
ICT=Telecommunications, computer and information services
00
80
5557
51
39
23
114
105
</>
70
63
6
Great potential in biotech and other
health related sectors
Other IP intensive industries, such
as tech, are reaping benefits of
increased R&D activity
Continued growth in aquaculture,
both on land and offshore.
121
49
P
Many exciting projects relating to
renewables and fighting climate
change, such as carbon capture
2012 2013 2014 2015 2016 2017 2018 2019 2020 2021
2022
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