Iceland's economy Iceland's economy mainly relies on marine fisheries.

Fisheries provide 60% of Iceland's export revenue and employ 8% of its labor force.

In 2005, household final consumption increased by 11.9% and fixed asset composition increased by 34.5%, which were the main reasons for the growth of gross domestic product (GDP).

The 28.4% increase in imports resulted in a current account trade deficit of 162 billion kronor ($2.43 billion), accounting for 16.3% of GDP. The trade deficit seriously affected GDP growth.

In 2006, Iceland's GDP was 1,141.7 billion kronor (US$18.1 billion), with annual GDP growth of 2.6%, and per capita GDP exceeding US$60,000, reaching US$60,370.

This is a sharp decline from the 7.5% annual growth rate in 2005.

Gross national income (GNI) growth exceeded 6.7% in 2005, mainly due to improved trade and a reduction in net basic income expenditures.

Because of the financial tsunami, Iceland became the first bankrupt country in the world.

Energy Industry Iceland is uniquely endowed with hydropower and geothermal resources. The energy industry is very developed, with abundant electricity and low prices.

The geothermal utilization and development technology is unique in the world.

High energy-consuming industries such as metallurgical industry, aluminum smelting and steel making, have developed rapidly in Iceland.

There are already three aluminum smelters with an annual output of 178,000 tons, 70,000 tons and 90,000 tons and a silicon steel plant with an annual output of 120,000 tons. In addition to the construction of the Icelandic Reydarfjordur aluminum plant (annual output of 320,000 tons of aluminum) and the expansion of Grundartangi

Aluminum factory (annual output of 170,000 tons of aluminum).

By 2008, Iceland's annual aluminum production will reach 760,000 tons.

Iceland will become one of the world's major aluminum producers, and its output will account for 5% of the world's aluminum production (13-14 million tons).

Building materials, industrial cement, insulation materials, aluminum corrugated plates, paints and coatings, etc. not only meet domestic needs, but are also exported in large quantities.

The automobile modification industry has the patented technology and equipment to modify ordinary jeeps into special jeeps with high-power and large-size wheels that can travel in glaciers, mountains, lava and other areas.

The 2008 Icelandic financial crisis was a series of events that occurred in Iceland and were related to the global financial crisis. These events directly affected the economy and banking system of the entire country of Iceland.

All three major banks in Iceland were affected and their control was transferred to state ownership.

In late September 2008, the Icelandic government announced that Glitnir Bank would be nationalized.

The following week, control of the National Bank of Iceland (Land *** anki) was also transferred to the Icelandic Financial Supervisory Authority.

Soon after, the Financial Supervisory Authority took over Iceland's largest bank, Kaupthing.

Iceland's financial industry suffered heavy losses in the global credit crisis. The exchange rate of the Icelandic krona against the euro shrank by 30%. Its external debt exceeded US$138.3 billion, while its GDP was only US$19.37 billion.

Iceland is in danger of "national bankruptcy".

Iceland *** announced on October 7, 2008 that it would seek to borrow 4 billion euros from Russia to tide over the difficulties.

Political and economic analysts in Western countries believe that members of the North Atlantic Treaty Organization seeking help from Russia are "rare" and have "geopolitical implications."

How does Iceland develop its national economy according to local conditions? The area is 103,000 square kilometers.

It is the westernmost country in Europe, located in the middle of the North Atlantic, close to the Arctic Circle. It has a glacier area of ??8,000 square kilometers and is the second largest island in Europe.

The coastline is about 4970 kilometers long.

3/4 of the entire territory is a plateau with an altitude of 400-800 meters, of which 1/8 is covered by glaciers.

There are more than 100 volcanoes, including more than 20 active volcanoes.

Huaynadalshenuk volcano is the highest peak in the country, with an altitude of 2119 meters.

Almost the entire country of Iceland is built on volcanic rocks, and most of the land cannot be cultivated. It is the country with the most hot springs in the world, so it is called the land of ice and fire.

There are many fountains, waterfalls, lakes and rapid rivers. The largest river, Siyursao River, is 227 kilometers long.

Iceland has a cold temperate maritime climate, which is constantly changing.

Due to the influence of the Gulf Stream, it is milder than other places at the same latitude.

Daylight is long in summer and very short in winter.

Aurora can be seen in autumn and early winter.

After the financial crisis in Iceland, which one has a higher level of economic development than Ireland?

Ireland's GDP is more than 200 billion US dollars, while Iceland's is only over 100 US dollars. Which one of Norway, Iceland, Sweden and Finland has stable development?

Economic stability?

Will not be affected by the economic crisis?

In the global economy, no country is immune to the impact of the economic crisis.

Among the countries you mentioned, Sweden may be relatively better and have a more diversified economy.

Among other things, Iceland experienced a very big economic crisis in 2008.

Finland has also been in recession since 2009, not as sharply, but it can also be described as an economic crisis.

Norway's economy is highly dependent on oil, so this year's economy is very poor.

Should Iceland turn to the World Bank or the International Monetary Fund for bankruptcy?

Which organization did you receive assistance during the economic crisis?

10 points International Monetary Fund.

The purpose of the IMF is to stabilize the international monetary system.

Its main tasks are to stabilize international exchange rates, eliminate foreign exchange controls that impede world trade, promote international cooperation on currency issues, and provide short-term loans to member states falling into fiscal deficits.