Iceland is a Nordic island country in the North Atlantic Ocean. It has a population of and an area of , making it the most sparsely populated country in all of Europe. The capital and largest city is Reykjavík. Reykjavík and the surrounding areas in the southwest of the country are home to over two-thirds of the population. Iceland is volcanically and geologically active.
Iceland has a market economy with relatively low taxes compared to other OECD countries. It maintains a Nordic social welfare system that provides universal health care and tertiary education for its citizens. Iceland ranks high in economic, political and social stability and equality. In 2013, it was ranked as the 13th most-developed country in the world by the United Nations' Human Development Index. Iceland runs almost completely on renewable energy. Affected by the 2008 financial crisis, the nation's entire banking system failed in October 2008, leading to the 2008–2011 Icelandic financial crisis and a severe depression, the 2009 Icelandic financial crisis protests, the Icesave dispute, and the institution of capital controls. Many bankers were jailed, and the economy has made a significant recovery, in large part due to a surge in tourism.
As of 2011, there were approximately 32,500 companies registered in Iceland of which 14,500 (45%) were active.
Notable firms This list includes notable companies with primary headquarters located in the country. The industry and sector follow the Industry Classification Benchmark taxonomy. Organizations which have ceased operations are included and noted as defunct.
NameRegistered nameIndustrySectorHeadquartersFounded Notes 365 365 - miðlar ehf Consumer services Media Reykjavík 1986 Broadcaster Advania Advania ehf Technology Software Reykjavík 2012 Information technology Air Iceland Flugfélag Íslands ehf Consumer services Travel & leisure Reykjavík 1997 Airline; merged with Icelandair Arctic Trucks Arctic Trucks Ísland ehf Industrials Commercial vehicles & trucks Reykjavík 1990 Exploration and commercial vehicles ÁTVR Áfengis- og tóbaksverslun ríkisins Consumer services Retail Reykjavík 1998 Alcohol/tobacco state monopoly Bónus Bónus Consumer services Retail Reykjavík 1989 No-frills supermarket Carbon Recycling International (CRI) Carbon Recycling International Oil & gas Alternative energy Reykjavík 2006 Renewable methanol Dagsbrún Dagsbrún ehf Conglomerates Reykjavík 2003 Telecommunications, media, security deCODE genetics Íslensk erfðagreining ehf Health care Biotechnology Reykjavík 1996 Gene research Eimskipafélag Íslands Eimskipafélag Íslands hf Industrials Marine transportation Reykjavík 1914 , The Icelandic Steamship Company FRISK Software International Friðrik Skúlason ehf Technology Software Reykjavík 1993 Antivirus software Hagar Hagar ehf Consumer goods Food & beverage Reykjavík 2003HAGA.IS Company Profile & Executives - Hagar Hf. - Wall Street Journal Food holding, includes Hagkaup and Bónus Hagkaup Hagkaup Consumer services Retail Reykjavík 1959 Hypermarket chain HB Grandi HB Grandi hf Consumer goods Food & beverage Reykjavík 2004GRND.IS Company Profile & Executives - HB Grandi hf. - Wall Street Journal Fishing Icelandair Icelandair ehf Consumer services Travel & leisure Reykjavík 1937 Airline Icelandair Group Icelandair Group hf Consumer services Travel & leisure Reykjavík 1937 Travel and tourism group Íslandsbanki Íslandsbanki hf Financials Banks Reykjavík 2008 State-owned bank Íslandspóstur Íslandspóstur hf Industrials Industrial transportation Reykjavík 1776 Postal services/shipping Kerecis Kerecis Medical technology Grafts Ísafjörður 2010 Omega3 Wound Omega3 SurgiBind Landsbanki Landsbanki Financials Banks Reykjavík 1885 Defunct 2008 Landsbankinn NBI hf Financials Banks Reykjavík 2008 State-owned bank Mannvit Engineering Mannvit hf Industrials Industrial engineering Reykjavík 1963 Engineering and consulting Marel Marel hf Industrials Industrial machinery Garðabær 1983 Marorka Marorka ehf Technology Software Reykjavík 2002 Energy management software and research Mjólkursamsalan Mjólkursamsalan ehf. Consumer goods Food products Reykjavík 1927 Dairy MP Bank MP Banki hf Financials Banks Reykjavík 2003 Investment/commercial bank Nói Síríus Nói-Siríus hf Consumer goods Food & beverage Reykjavík 1920 Chocolates Nyherji Nýherji hf Technology Computer services Reykjavík 1992 Computer services, software consulting Ossur Össur hf Health care Medical Equipment Reykjavík 1971 Promens Promens hf Industrials General industrials Kópavogur 1984 Packaging, plastics RÚV Ríkisútvarpið ohf Consumer services Media Reykjavík 1930 The Icelandic National Broadcasting Service Síminn Síminn hf Telecommunications Fixed line telecommunications Reykjavík 1906 Also provide mobile telecom Sláturfélag Suðurlands Sláturfélag Suðurlands svf Consumer goods Food & beverage Reykjavík 1907 Food producer co-op Sýn Fjarskipti hf Telecommunications and Consumer services Mobile Telecommunications and Media Reykjavík 2003 Broadcaster Teris Teris Technology Software Kópavogur 1989 Financial software WOW air Wow Air ehf. Consumer services Travel & leisure Reykjavík 2011 Low-cost airline, defunct 2019
See also
Economy of Iceland List of Icelandic brands
References