Immigrants in Iceland Help to Boost the Economy Skip to content

Immigrants in Iceland Help to Boost the Economy

Iceland is among the top five OECD-countries where immigrants help to boost the economy and increase nation-wide production by approximately 1 percent, according to a new report from the OECD.

protests15nov_ipaArchive photo: Icelandic Photo Agency.

Iceland currently warms the fifth place with only Greece, Italy, Switzerland and Luxembourg listing higher. In the study done for the report, a total of 27 countries were examined. The average contribution value is approximately 0.35 percent.

The calculations concern data from 2007 to 2009. The report also points out that Iceland and Ireland are two of the countries where the economic crisis reduced the flow of immigration.

Eygló Harðardóttir, the new minister of social affairs and housing, told Fréttablaðið the data is nonetheless indicative of certain assumptions:

“The most important point made is the importance of employment as an active participation in society. To work is and always has been fundamental to growth and welfare regardless of individual background,” Eygló said.

“The fundamentals of active participation in society are to learn Icelandic well and to receive the necessary support to get to know and learn about Icelandic society. The study reminds us of that,” she added in conclusion.

Luxembourg takes the first place with 2.02 percentage increase in national growth due to foreign labor; a total of 42 percentage of the whole population is not native to the small country. In Iceland the immigrant population amounts to 11 percent.

The country worst affected economically by its immigration population is Germany that holds the last place in the list with -1.13 percentage.

JB

Sign up for our weekly newsletter

Get news from Iceland, photos, and in-depth stories delivered to your inbox every week!

* indicates required

Subscribe to Iceland Review

In-depth stories and high-quality photography showcasing life in Iceland!

Share article

Facebook
Twitter